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Vidar Systems Corp - 27th June 2002

FOR IMMEDIATE RELEASE
Herndon, VA.

VIDAR Systems Corporation Is Acquired by Contex.

VIDAR Systems Corporation, the leading manufacturer of medical film digitizers, today announced that it has been acquired by Contex Holdings AS, of Alleroed, Denmark from Yggdrasil, its former parent company.

Contex, a leading manufacturer of large format scanners, is owned by EQT, a group of Scandinavian private equity funds, which focuses on acquiring emerging companies that exhibit strong growth potential.

For many years Contex and VIDAR have been competitors and market leaders in the development and distribution of large format image scanning equipment and together hold a substantial worldwide market share. VIDAR has also established itself as the leading producer of medical x-ray digitizers for diagnosis and treatment applications.

With this merger, combined revenues for 2002 will exceed US$50 million, making the new company the world's fastest growing scanning technology supplier.

Within the newly formed group, it is intended that VIDAR will focus its efforts on the medical imaging products segment, and Contex will concentrate on Large Format imaging applications. VIDAR will continue to design, develop and distribute its range of medical products under the well-established VIDAR brand name from its facility in Herndon, VA.

Trevor Fennell, VIDAR's President stated, "We are really excited about the breadth of products and services our new company will bring to our customers around the world, and I look forward to the aggressive growth we are planning. Our joint experience in the engineering business and know-how in the medical digitizer business gives the new company enormous depth of knowledge and capabilities in the optical imaging field."

"The acquisition of Vidar is of great strategic importance for Contex. The new market position will provide significant growth opportunities. This is a very positive development for both Contex and EQT," stated Steen Borg, President of Contex and new Chairman of VIDAR.

VIDAR Systems Corporation, headquartered in Herndon, VA, is a subsidiary of Contex Holding AS. VIDAR is the leading manufacturer of x-ray film digitizers and advanced solutions for medical markets. VIDAR's family of film digitizers serves the PACS, remote primary diagnosis, teleradiology, telemedicine, mammography, and oncology markets. VIDAR's film digitizers are the choice of more than 100 systems solution providers.

For additional information, visit VIDAR's Web site at http://www.filmdigitizer.com/.

Contact: Arlene Carver Holmes
VIDAR Systems Corporation
460 Spring Park Place
Herndon, VA 20170
TEL: +1-703-709-3505
Email: arlene.holmes@vidar.com
Website: http://www.filmdigitizer.com/ - http://www.vidar.com/

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