RVSI in $10M Equity Financing - Robotic Vision Systems - Company Financial Information - Brief Article

Robotic Vision systems, Inc. has completed an equity based long-term financing with a group of institutional investors. Net proceeds from the financing are $10 million. RVSI, a supplier of machine vision systems, said the equity is in the form of prepaid and incentive common stock purchase warrants and will be used for working capital. "This financing completes a crucial step in increasing RVSI's working capital," said Chairman/CEO Pat V. Costa.