Advanced Machine Vision Corporation Announces Completion of Equity Investment by FMC Corporation and Election of a New Director.

MEDFORD, Ore.--(BUSINESS WIRE)--Oct. 15, 1998--Advanced Machine Vision Corporation (Nasdaq:AMVC) announced today that FMC Corporation (NYSE:FMC) had completed a purchase of 119,100 shares of AMV's Series B Preferred Stock for $2.6 million. The preferred stock is convertible into 1,191,000 shares of AMV common stock at $2.20 per share, which, if converted, would represent a 10% ownership position based on the current number of AMV common shares outstanding.

AMV stated that the transaction included an enhanced sales representation arrangement whereby FMC will undertake to sell AMV machine vision systems in much of the world. AMV also announced that Marc T. Giles, General Manager of FMC FoodTech's Food Systems and Handling Division, was elected to AMV's Board of Directors, increasing the size of the board from seven to eight members.

Mr. William J. Young, AMV's Chairman, President and Chief Executive Officer, said: "FMC's investment and the new board member represent an increased commitment to the long-term market acceptance and growth of AMV's proprietary technologies. We are looking forward to a mutually beneficial relationship."

FMC Corporation is one of the world's leading producers of chemicals and machinery for industry and agriculture. Its $2 billion machinery and equipment business provides specialized machinery to food and other industries. FMC employs approximately 17,000 people at 100 facilities in 22 countries.

Advanced Machine Vision Corporation is a worldwide leader in the design, manufacture and sale of standard and CE compliant vision systems used to control manufacturing processes for food and non-food agricultural and other customers through high-speed product inspection, and to identify and remove defects, resulting in production and quality yield rates superior to other process and control methods. AMV's operations are comprised of two wholly-owned subsidiaries, SRC VISION, Inc. and Ventek, Inc., both utilizing proprietary image processing technologies.

Safe Harbor Statement under the Private Securities Litigation Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, such as the impact of economic conditions on our markets, the ability of the Company to successfully introduce new products, the possible negative impact of competitive products and/or pricing, the uncertainty that the relationship with FMC will help the Company contribute to revenues, the Company's ability to sustain a positive cash flow, the impact of the strengthening of U.S. currency on the Company's ability to compete effectively in the foreign markets and the effect of these factors on the market price of the Company's Class A Common Stock. Investors are encouraged to review a more comprehensive listing of cautionary statements and risk factors contained in the Company's Forms 10-K and 10-Q SEC filings.

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