1. Amerinex Applied Imaging, Inc. P.O. Box 6473, Monroe Township, NJ 08831 Phone: 877-664-8772 Fax: 609-944-8855 www.AmerinexImaging.com An imaging software company since 1986! ADCIS 20th Anniversary Event - December 11th, 2015

2. Amerinex Applied Imaging (aka AAI)  Technology Spin-off  University of Massachusetts  Three professors & the Amerinex Corp.  Commercialize image understanding & artificial intelligence technology  Founded in 1986  Formed as Amerinex Artificial Intelligence  1996 – New name: Amerinex Applied Imaging  Hardware platforms: Sun Workstations ADCIS 20th Anniversary Event - December 11th, 2015 2

3. Major Changes in 1994  Awarded grant funding to port its KBVision software from work stations to personal computers (PCs).  Use of PCs was quickly displacing work stations in the imaging market.  AAI had imaging technology but no staff with PC and Microsoft Windows experience.  Needed a partner who had complementary technology. ADCIS 20th Anniversary Event - December 11th, 20153

4. 1994, AAI meets Bruno Lay  Bruno was luncheon speaker at major industry conference & expo in Orlando, Florida, where he announced:  Had resigned as president of Noesis SA, AAI’s main competitor at that time  Planned to start a new company to develop powerful new imaging software for personal computers.  Bruno & AAI met after the luncheon to discuss common goals. ADCIS 20th Anniversary Event - December 11th, 20154

5. 1995 – An Alliance Was Born  During their discussion, Bruno and AAI discovered:  Had very similar market strategies & goals  Had complimentary resources Technology, staff, funding  By forming an alliance, there would be one less competitor in a small, but growing market segment  Agreement in concept was reached ADCIS 20th Anniversary Event - December 11th, 20155

6. ADCIS Formation – Corporate Structure  Bruno and AAI formed ADCIS in July 1995  Interlocking boards and management  Bruno as majority shareholder (59%), AAI (33%), and 11 other investors (8%)  ADCIS Board of Directors Bruno Lay, Chair & President Richard Kretschmann, AAI’s President Jean Claude Klein, Ecole des Mines Professor  Bruno became AAI’s VP of Marketing & Sales, splitting his time between Amherst, MA, and France ADCIS 20th Anniversary Event - December 11th, 20156

7. ADCIS Formation – Product Development  Product development structure  ADCIS – Graphical user interface, mathematical morphology algorithms license from Ecole des Mines  AAI – Port of AAI’s KBVision libraries and utilities  Software developers made several trips across the Atlantic to assure development was closely coordinated, in both directions.  Mutual respect fostered close cooperation between the two engineering teams. ADCIS 20th Anniversary Event - December 11th, 20157

8. ADCIS Formation - Marketing  Marketing Split  ADCIS – Europe, Mid-East, Asia, Africa  AAI – North & South America & the Pacific Rim  Equal ownership of the software with a cross-royalty agreement.  Market and ownership shares were adjusted over time based on pragmatic factors.  Today, ADCIS owns the software and AAI has become the North America distributor for ADCIS. ADCIS 20th Anniversary Event - December 11th, 20158

9. Aphelion 2.0 release  Photonics East fall 1996 in Boston, MA  First worldwide release ADCIS 20th Anniversary Event - December 11th, 20159

10. Conclusions  Benefits to ADCIS and AAI working together  Reduced time to market with a PC product  Full product functionality  Multiple sources of development funding  Market knowledge - Europe & North America  Management experience  Drawbacks  6-hour time zone difference  Costs of travel (Expense, lost productivity, jet lag) ADCIS 20th Anniversary Event - December 11th, 201510