Digital Vision Completes Acquisition of Image Systems; Introduces New CEO, Company Name, Organizational Structure

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Combined Product Lines and Expertise Across Industries Positions Company for Expanded Focus

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STAND SL 6920 NAB 2011 (Los Angeles/London/Stockholm) The Board of Directors of Digital Vision (STO:DV), leading manufacturers of image enhancement and mastering systems for film and television post production, have finalized the acquisition of Image Systems, completing a process that began earlier this year. Image Systems is a major player in motion analysis and film scanning within the archive, restoration, defence and automotive industries. The acquisition increases Digital Vision's stronghold in the post and restoration markets, and creates new opportunities for growth in the automotive and military markets serviced by Image Systems. The joining of company efforts ensures the synergies across product, channel and Research-Development, while creating efficiencies that support cost savings and increase profitability. Furthermore, Digital Vision and

Image Systems

will now be known as Image Systems, and the expanded company will consist of three business units: Media, Motion and Defence. The name change and organizational structure reinforce the company's focus on developing and selling solutions in multiple, global markets based on powerful image processing and motion analysis products and expertise. The Nucoda and Phoenix product lines will continue, as will the Golden Eye Scanners as part of the Media Business Unit. The corporate rebranding will be unveiled at NAB in Las Vegas on April 11, 2011. On April 1st, 2011, Mikael Jacobsson officially stepped in as CEO. Mr. Jacobsson, the second largest shareholder in Image Systems, follows current Digital Vision CEO Bengt Broman in the role. The move, announced when the acquisition began in December 2010, gives Mr. Jacobsson oversight of all business units of the new company. He has played a leading role in developing Image Systems and has extensive experience in senior operational positions in global software companies and in stock-listed companies and venture capital. A full Q&A from Mr. Jacobsson is available for review. Martin Bennett, currently UK/Managing Director & VP Worldwide Marketing of Digital Vision, will head the Media and Entertainment Business Unit for the company. Bennett joined Digital Vision in 2008, after a decade-long stint at Avid where he was the Director Worldwide Professional Segment Marketing amongst other senior roles.

About IMAGE SYSTEMS

Image Systems AB and Digital Vision AB are merging to create a single new company under the Image Systems brand, specialising in high-resolution image processing, film scanning and motion analysis solutions. Headquartered in Stockholm, Sweden, Image Systems has offices in Linkoping, London, Los Angeles and Hong Kong. Image Systems' customer-focused solutions are managed via three business units: Media, Defence and Motion, via a global network of qualified distributors. The company's Nucoda and Phoenix image grading and restoration software solutions and Golden Eye range of scanners provide innovative tools to create and master media in HD, 2K/4K and stereoscopic 3D. The TEMA software platform provides a range of user friendly, high-speed motion analysis solutions for the automotive industry and other industrial test and design applications. The TrackEye software and Golden Eye scanners provide image analysis solutions for the military reconnaissance and testing markets. For additional information, visit

www.imagesystems.tv

. # # # Image Systems Contact: Alexa Maza Email:

alexa.maza@imagesystems.se

Tel: +1 818 769-8111 USA PR Contact: Christine Purse ignite Email:

chris@ignite.bz

Tel: +1 818 303 8088 Mob: +1 323 806 9696 EMEA & Asia PR Contact: Kate Ford Jump PR Email:

kate@jumppr.tv

Tel: +44 (0) 1932 240001
 Mobile: +44 (0)7740 948 065 Image Systems Marketing Contact: Ulrika Liiv Email:

Ulrika.Liiv@imagesystems.se

Tel: +46 (0)8 546 182 00

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