Coreco forms alliance to distribute machine vision software -- Coreco and U.S. Integral Vision to benefit from increased revenues.

MONTREAL--(BUSINESS WIRE)--June 26, 1997--CORECO (ME;TSE:CRC.) Coreco Inc. today announced a joint distribution agreement with U.S.-based Integral Vision, a division of publicly traded Medar Inc., to market the U.S. company's VisionBox machine vision software. The arrangement is expected to generate over US$3.5 million for each company over the next few years.

VisionBox is a 32 bit vision-specific OCX software library, which simplifies and accelerates the development of custom vision applications by taking advantage of Microsoft's Visual Basic C++ programming environments.

Coreco President and Chief Executive Officer Keith A. Reuben stated the partnership includes support for Coreco's computer vision hardware, allowing machine vision developers to set new price-performance standards. "We intend to further develop this new relationship through cooperative sales, marketing and engineering endeavors."

Integral Vision is a leading supplier of machine vision systems and applications development software used to ensure product quality by monitoring and controlling the manufacturing process. Integral Vision is a division of Medar, Inc. whose shares trade under the symbol MDXR on the Nasdaq Exchange.

Coreco designs and markets leading edge hardware and related products for the high-end computer vision industry. Coreco's principle products are image processing boards which, when inserted into a computer, allow the computer to see. Coreco's products are integrated by their customers into their products for a wide variety of imaging applications. Coreco's common shares are listed on the Montreal Stock Exchange and the Toronto Stock Exchange under the symbol CRC.

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