Under the terms of the agreement, announced on July 14, DVT will acquire the rights to MTI’s machine vision software products and intellectual property, and other related assets.
“MTI is widely recognized as a leader in the development of semiconductor-related vision algorithms and will significantly enhance DVT’s presence in this important sector,” said Bob Steinke, DVT chairman and chief executive officer. “We see this acquisition as an opportunity to combine MTI’s world-class algorithm library with DVT’s broad range of smart camera-based, general purpose vision systems. The result will be the highest performance and most robust OCR (optical character recognition) and code reading product offering in the vision industry.”
DVT expects that the first products to benefit from this venture will include semiconductor wafer reading OCR, barcode and 2D identification algorithms, and alignment and defect detection software. MTI’s solutions for recognizing degraded images and identifying patterns have been adopted by many leading vision and inspection original equipment manufacturers, DVT said.