CAItech Completes Second Round Financing

San Jose, CA, Feb. 9, 2002 - CAItech, a Silicon Valley manufacturer of automatic inspection machines, has completed its second round of financing.   Investors from Europe and the U.S. contributed to the private offering.

President Shawn Buckley said,"This financing will carry us through the next 24 months of operation.  We now have the assets to assure that we can introduce new products on an aggressive schedule."

The CAItech seed round of financing was completed in late 1997 through venture capital and private Silicon Valley sources.  Two years later, CAItech completed its first round of financing primarily with European funding.

Swedish investor Rene Francis, an investor on both the first and second rounds, said, "We are pleased with CAItech's progress, especially in European sales.  But without the continued support of our Chinese partners, development would have been slowed by weak revenues in the telecommunications sector."

Computer Aided Inspection Technologies, Inc. is a privately held California corporation manufacturing next-generation automated inspection equipment. Established in 1997, CAItech is located in San Jose, CA in the heart of California's Silicon Valley electronics industry.
CAItech can be reached at (408) 226-0642, or on the web at www.caitech.com .