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X-Rite Announces Formation of Coherix Corporation

Press release from the issuing company

Grand Rapids, Mich., February 13, 2001 -- X-Rite, Incorporated (Nasdaq/NMS:XRIT), a leading global provider of systems that measure color, light and shape, today announced the formation of Coherix™ Corporation, a subsidiary company that uniquely utilizes tunable laser technology in the electronics, metalworking and other emerging markets. Commenting on Coherix, Rich Cook, X-Rite, Incorporated’s President and Chief Executive Officer, said, “Coherix will enable its customer’s workflow processes with a new, revolutionary, patented method of precisely measuring the shape of an object. Non-contact precision shape measurement is needed in a variety of design, verification and manufacturing businesses. We believe Coherix has first-mover advantage in bringing this capability to a new customer base, one that will help us grow." “Coherix is accelerating the development cycle of the HoloVision™ line of products in traditional metalworking markets, as well as the electronic and emerging micro electro-mechanical industries,” said Jon Nisper, General Manager of Coherix Corporation. “This newly formed company gives X-Rite expanded opportunities to serve current customers in addition to developing new markets where shape needs to be analyzed." X-Rite recently acquired the assets of the HoloVision Products Group from Veridian-ERIM International. HoloVision’s product line is based on tunable laser technology and is used in a variety of industries to accurately map the surfaces of physical objects.

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