ROBO ROBO Global Robotics and Automation Index

Tel Aviv District Court Issues Two Injunctions in Favor of RoboGroup ROSH HA'AYIN, Israel, March 14 /PRNewswire-FirstCall/ -- RoboGroup T.E.K. Ltd. today announced that following the suit filed by the Company and its Robotec Technologies Ltd. subsidiary against Furier Systems (1989) Ltd. on December 11, 2003, the Tel Aviv District Court issued two injunctions on Thursday, March 11, 2004. The court issued the injunctions after determining that certain proprietary information, including commercial secrets of RoboGroup and Robotec, was found in Furier's offices and computers, and that Furier had breached the Israeli Commercial Torts Law of 1999. The court ordered Furier not to use the information that came from the Company and/or Robotec. The court also ordered Furier to fulfill its obligation under a distribution agreement between the companies. Under the agreement, Furier agreed to supply products to Robotec according to the original price list attached to the agreement. On March 12, 2003, an agreement was signed between Robotec and Furier, according to which Robotec was named the exclusive distributor of Furier's products in Israel for a period of two years. RoboGroup and Robotec alleged that Furier breached the contract with Robotec. As part of the breach, Furier took steps like increasing prices of the products that Robotec distributes by a substantial percentage. The injunctions will be in force until a verdict is issued in the principal action filed by the Company and Robotec. However, the order to fulfill the obligation to supply products will be in effect until the term of the agreement ends on March 12, 2005. RoboGroup engages in three business sectors. The first sector is devoted to RoboGroup's training products and e-learning systems. RoboGroup is a world leader in engineering and manufacturing technology training systems. The Company is market driven, deriving its growth from technological leadership, strong partnerships and management expertise. The second is Yaskawa Eshed Technology (YET), a joint venture with Japan's Yaskawa Electric Corp., which provides industrial motion controls, particularly those based on its patented algorithms. The third focuses on MemCall, a fabless VLSI semiconductor developer with unique Call Out Memory(TM) technology for Internet and communications applications requiring intensive search and filter capabilities. For more information, visit http://www.robo-group.com/. To the extent that this press release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause results todiffer materially from the statements made. These factors include the rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate, risks associated with the acceptance of new products by individual customers and by the market place and other factors discussed in the business description and management discussion and analysis sections of the Company's Annual Report on Form 20-F. Company Contact: Talia Myron RoboGroup +972-3-900-4170 Agency Contact: Ayelet Shiloni Integrated IR +1-866-447-8633 +972-3-635-6790 DATASOURCE: RoboGroup CONTACT: Talia Myron of RoboGroup, , +972-3-900-4170; or Agency Contact - Ayelet Shiloni of Integrated IR, , +1-866-447-8633, or +972-3-635-6790 Web site: http://www.robo-group.com/

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