Ancora Completes Purchase of Robotic Vision System's Semiconductor Capital Equipment Business.

HAUPPAUGE, N.Y. -- Ancora Management LLC today said it has completed the purchase of the assets of Robotic Vision Systems, Inc.'s Semiconductor Equipment Group (SEG). Robotic Vision Systems has been operating under U.S. Bankruptcy Court protection. The sale of SEG was approved by the Bankruptcy Court. The business will operate as RVSI Inspection LLC and will continue to be based in Hauppauge, Long Island. Charles Evans, Ancora's Managing Member, will serve as president of RVSI Inspection.

RVSI Inspection manufactures, sells and services the WS-series of bumped wafer inspection systems and the LS series of assembled Integrated Circuits inspection systems.

In an interview with Mr. Evans, he commented that "RVSI does inspection better than anyone in the business. It offers the best technological approach to both lead scanning and wafer inspection; its products offer superior price performance advantages. We believe that RVSI has great products and a great market position; this is what the customers told us when we spoke to them prior to completing the acquisition. With the addition of Ancora's financial depth and discipline, RVSI Inspection's Hauppauge staff now has the chance to make and support those great products like a true world-class company, a potential it has long strived for but been unable to obtain."

Michael Gray, VP of Sales and Marketing, said, "Customers should see rapid improvement in deliveries of systems and spares. Customers will find that their needs are being addressed by many of the same individuals and that the ongoing product development will be handled by the same team that has full familiarity with the product lines. The employees of RVSI Inspection are excited to be able to say that you can buy from us with the confidence that we will be here for many years to come to support the product and to deliver improved models as a result of our new ownership structure."

Ancora Management LLC is located in Greenwich, Conn., and has made investments in a number of operating companies including Great Lakes MDF LLC and Cleveland Thermal LLC.