Dalsa Agrees to Acquire Coreco

Dalsa Corp. of Waterloo, Ontario, Canada, has agreed to acquire all of the issued and outstanding shares of Coreco Inc., which is based in St. Laurent, Quebec, Canada. The transaction was expected to close in late April, subject to certain conditions. In the shorter term, the companies plan to benefit from the marriage of Coreco's vision processing and software expertise with Dalsa's image sensor and camera technology to address specific needs in flat panel display inspection. Long-term plans involve the development of innovative technologies for the high-performance digital imaging and machine vision markets.

Dalsa also has received a $1.2 million contract to develop custom CCD cameras for a semiconductor inspection equipment supplier. The high-speed cameras, to be integrated into the customer's upgraded inspection system, are expected to lower costs and improve yield and quality control. The project is scheduled to be completed by the second quarter of 2006.