Integral Vision, Inc. Announces Fourth Quarter and Year End 2006 Results

Integral Vision, Inc. Announces Fourth Quarter and Year End 2006 Results

Integral Vision, Inc. (OTC: INVI) (BULLETIN BOARD: INVI) , a leading global supplier of automated display inspection technology, today announced financial results for its fourth quarter and fiscal year ending December 31, 2006. Revenue for the fourth quarter was $75,000 compared to $141,000 in the fourth quarter of 2005 resulting in a loss for the quarter of $754,000 compared to $708,000 for the fourth quarter of 2005. Total revenue for the year increased to $835,000 from $686,000 for fiscal 2005. The company lost $2.97 million, or $0.10 per share, in 2006 compared with a loss of $2.68 million, or $0.11 per share, in 2005.

“While results for the fourth quarter mark a departure from our previous three quarters of consecutive revenue growth, on a year-over-year basis revenue increased 21.7 percent,” said Charles J. Drake, chairman and CEO of Integral Vision, Inc. “It bears noting that quarterly results can vary greatly largely due to customer order flow, and 2007 has already started strong based on booked orders to date.” Drake continued, “2006 was a significant year for the Company because we reached a point with five (5) major customers where we believe their display products are close to launching production quantities. We believe we have proven our ability to inspect these displays in production, and that we should see increased system orders in 2007.”

Commenting on the balance sheet, Drake noted, “While cash on the balance sheet as of December 31, 2006 was $57,000, the Company has received an additional $650,000 in working capital year-to-date, and we anticipate receiving more working capital from certain of our investors going forward.” Drake concluded, “Our confidence in our technology remains strong and we anticipate a much improved year in 2007.”

2006 BUSINESS HIGHLIGHTS

Integral Vision’s 2006 highlights include several follow-on orders for the Company’s SharpEye(TM) Inspection System from existing customers as well as orders from new customers. Integral Vision’s SharpEye product provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process.
SharpEye(TM) Inspection System
* Received a repeat order from a major manufacturer of communication
equipment for a SharpEye(TM) inspection system to be used for the
production inspection of MEMS displays with color monitoring
capability. The new technology is expected to fit into the substantial
handheld market.

* Received an order for a SharpEye inspection system from Liquavista, a
Netherlands based company. The SharpEye inspection system is being used
to inspect Liquavista’s new display architecture based on
Electrowetting cell technology.

* Received an additional order for SharpEye inspection system from a MEMS
display manufacturer that uses several SharpEye systems in the
manufacture of displays.

* Announced two additional orders for MEMS display inspection systems;
one from a repeat customer and the other order from a new customer.

IVSee(TM) Inspection System
* Announced the receipt of an order from a large Korean manufacturer of
Liquid Crystal Display (LCD) panels for the Company’s IVSee(TM)
inspection system. The state-of-the-art IVSee vision inspection
application system will be used to analyze certain characteristics of
LCD flat-panel displays. The order was placed by the largest
manufacturer of LCD TVs in the world. In addition to supplying the
IVSee inspection system, Integral Vision has also been working with the
company on 2 other applications for LCD panels and 2 applications
specific to Organic Light Emitting Diode (OLED) devices.

TO ACCESS THE LIVE CONFERENCE CALL

Integral Vision will host a live conference call at 9:00 a.m. (ET) on Tuesday, March 20, 2007. To access the conference call, please call 303-262- 2211 or 800-240-2430 approximately 5 to 10 minutes prior to the scheduled start time.

TO ACCESS A REPLAY OF THE CONFERENCE CALL

If you are unable to listen to the live conference call, it will be archived for replay. Shortly after the call, a telephonic replay will be available through March 22, 2007, by dialing 303-590-3000 or 800-405-2236. The confirmation code 11086694 is required for the telephonic replay.

COMPANY’S INVESTOR E-MAIL LIST

To be added to Integral Visions investor email list, please contact Laura Guerrant of Guerrant Associates at lguerrant {at} guerrantir(.)com.

ABOUT INTEGRAL VISION

Integral Vision, Inc. (OTC: INVI) (BULLETIN BOARD: INVI) , an ISO 9001 registered firm, offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today’s competitive marketplace. More information can be found at Website: http://www.iv-usa.com/.