Basler AG

Quarterly Report • May 4, 2023

3-MONTH REPORT

KEY FIGURES

in € m*	QI 2023	QI 2022	Changes to previous year
Sales revenues	56.3	66.3	-15 %
Incoming orders	54.1	88.5	-39 %
Gross results	25.1	33.3	-25 %
Gross profit margin	44.6 %	50.2 %	-5.6 Pp.
Full costs for research and development	10.8	7.8	38 %
Research and development ratio	19.2 %	11.8 %	7.4 Pp.
EBITDA	3.6	13.4	-73 %
EBIT	-1.2	9.3	>-100 %
EBT	-1.6	9.2	>-100 %
EBT Marge	-2.8 %	13.9 %	-16.7 Pp.
Net income	-2.2	6.8	>-100 %
Weighted average number of shares	29,833,531	29,916,320	<1 %
Result per share (€)	-0.07	0.23	>-100 %
Cash flow from operating activities	-3.3	-5.1	-35 %
Cash flow from investing activities	-4.4	-22.9	-81 %
Free Cash flow	-7.7	-28.1	-73 %

in € m*	03/31/2023	12/31/2022	Changes to previous year
Total assets	278.5	265.5	5 %
Long-term assets	145.5	130.9	11 %
Equity	138.3	141.5	-2 %
Liabilities	140.2	124.0	13 %
Equity ratio	49.7 %	53.3 %	-3.6 Pp.
Net cash	-42.0	-27.0	56 %
Working Capital	76.8	70.6	9 %
Number of employees for the period (full time equivalents)	1.110	1.047	6 %
Share price (XETRA) in €	22.25	29.55	-25 %
Number of shares in circulation	29,833,531	29,833,531	0 %
Market capitalization	663.8	881.6	-25 %

*unless otherwise stated

OVERVIEW OF THE FIRST THREE MONTHS OF 2023:

• ► Incoming orders: € 54.1* million (previous year: € 88.5 million, -39 %)
• ► Sales: € 56.3 million (previous year: € 66.3 million, -15 %)
• ► EBITDA: € 3.6 million (previous year: € 13.4 million, -73 %)
• ► EBT: € -1.6 million (previous year: € 9.2 million, >-100 %)
• ► Net result: € -2.2 million (previous year: € 6.8 million, >-100 %)
• ► Free cash flow: € -7.7 million (previous year: € -28.1 million, -73 %)

*Adjusted for cancellations of orders placed in prior years

Dear Shareholders,

As indicated in the 2022 annual report, Basler AG got off to a weak start in fiscal year 2023. In the first quarter, the combination of weak demand, cost increases and continued material inflows was very challenging and has left a clear mark on our income statement and balance sheet.

After historically strong and overheated demand in 2021, the image processing industry's sales markets outside of Europe have already clouded over significantly in the course of the past fiscal year. Since the second quarter of 2022, there has been a noticeable decline in new orders, as well as cancellations and postponements of orders from previous quarters or previous fiscal years. Although incoming orders showed a turnaround in the first quarter, they remained at a low level. Further high cancellations from old orders in Asia reduced our previously comfortable backlog at the beginning of the year. Against this backdrop and given the current weak order situation, we expect to reach a normal order backlog level in the course of the coming quarter. To provide a better understanding of these dynamics, we have separated incoming orders and order cancellations from prior years in this report.

Business development shows strong regional differences. While our sales in Europe grew by approximately 15 % and by as much as 25 % in Germany in the first quarter, business in the Americas and Asia declined by approximately one quarter. Significant market weakness in the semiconductor, electronics and logistics vertical markets, as well as increased customer inventories due to the supply chain crisis, particularly impacted the Asia and Americas regions. Demand in China was also sluggish in the first quarter following the zero-covid policy.

Compared to the current revenue situation, our personnel and material costs have increased disproportionately in recent quarters as a result of our strategic organizational build-up which had a negative impact on earnings. In addition, the ERP system conversion to SAP S4 Hana at the turn of the year led to considerable process problems in the first quarter, which in the following weeks resulted in lower-than-planned deliveries and approximately € 3 million less sales than planned. The pronounced market weakness and internal process problems, combined with an increased cost structure, resulted in sales below the break-even point.

Despite this unsatisfactory start to the year, we maintain our forecast. This envisages sales expectations of € 235 – 265 million with a margin of 5 – 8 %. In order to maintain the group's full-year return on sales above 5 %, even at the lower end of the sales corridor, we have initiated a cost reduction program that will take effect in the second quarter. As a management team, we are committed to returning the group to profitable growth in the short term, while maintaining a balance between long-term growth and short-term profitability.

With this compact 3-month report, we would like to give you a deeper insight into the development of the fiscal year so far. We wish you an informative read.

Your management board

BUSINESS DEVELOPMENT

The Basler group closed the first three months with a decline in sales of 15 % as well as a negative result.

As expected, the extremely strong incoming orders of € 88.5 million from the first quarter of 2022, which were caused by the supply chain crisis, could not be achieved in the first three months of 2023. Even though incoming orders increased again for the first time after three consecutive quarters of significant decline, it was at a low level of € 54.1 million in the first quarter of 2023. In addition, cancellations of orders from fiscal years 2021 and 2022 reduced the order backlog in the first quarter by € 13.3 million. Cancellations are expected to be lower in the second quarter, as the backlog at the end of the first quarter of 2023 is largely free of risky orders from the overheated market phase between January 2021 and June 2022. At the beginning of the second quarter, the order backlog was slightly higher. However, it is expected to normalize to approximately three months of sales during the second quarter due to the current weak demand.

As of the end of March 2023, the German Engineering Federation (VDMA) reported a decline in sales of -4 % compared to the previous year for the German manufacturers of image processing components. Incoming orders in the industry decreased by -13 % in the same period. Based on these figures, it can be seen that the increased order backlogs are currently still providing a tailwind for the industry, but that this should weaken in the future due to declining incoming orders. The statistics for image processing systems show a similar pattern, but on the positive side. In the first two months, sales grew by 13 %, whereas incoming orders increased by 4 %.

Thus, Basler is falling behind the German industry for image processing components. This is mainly due to Basler's Asia oriented business. The business development of the Basler group showed very strong regional differences in the first quarter of 2023. While sales in Europe grew by around 15 % and in Germany by as much as 25 % in the first quarter, business in America and Asia declined by approximately one quarter. This was mainly due to market weaknesses for capital goods in the semiconductor, electronics and logistics sectors. In China, the sluggish economic recovery following the zero-covid policy and weakness in the consumer goods industry had a double impact. In addition, the Chinese market is becoming increasingly more competitive.

The situation in the procurement markets continued to ease during the first quarter of 2023. As a result of the sharp drop in demand and cancellations, the already very high inventory levels increased further by € 4.8 million in the first quarter of 2023. In many cases, these materials were ordered on a non-cancellable basis with a lead time of 6 to 18 months to ensure supply during the chip crisis. We are currently working at full speed to stem the flow of materials and significantly reduce inventories in the coming quarters.

PRODUCT DEVELOPMENT & PRODUCT LAUNCHES

As usual, no new products were launched in the first quarter, but development activities continued at a high level of intensity. Overall, the full cost of development services was significantly increased to € 10.8 million (previous year: € 7.8 million) in the first quarter of 2023 in order to support the company's transformation into a full-range technology and product provider. In the same period, capitalized development costs increased to € 2.55 million (previous year: € 2.15 million). Due to the relatively low level of sales and the increase in development costs, the R&D ratio of 19 % of sales was significantly higher than the target of approximately 13 %.

OUTLOOK

Despite the very weak start to the year, the management of the Basler group is sticking to its recently published forecast. This envisages sales expectations of € 235 – 265 million with an EBT margin of 5 – 8 %. The current business development is rather at the lower end of the corridor. However, the Asian and American markets are expected to recover in the second half of the year. In order to maintain the group's full-year return on sales above 5 %, even at the lower end of the sales corridor, we have initiated a cost reduction program that will take effect in the second quarter.

In addition, it is assumed that the process problems caused by the ERP change will be successively resolved in the course of the second quarter.

INTERIM MANAGEMENT REPORT IN-CLUDING ESSENTIAL SUPPLEMENTARY DISCLOSURES OF THE ANNUAL FINAN-CIAL STATEMENT OF DECEMBER 31, 2022 ACCORDING TO IFRS

REPORT ON PROFIT, FINANCE, AND ASSET SITUATION

SALES AND INCOMING ORDERS, COSTS OF SERVICE PROVISION

Compared to the same period of 2022, sales decreased by 15 % to € 56.3 million (previous year: € 66.3 million). Incoming orders, adjusted for cancellations, increased compared to the previous quarter to € 54.1 million (previous year: € 88.5 million), however, it was -39 % lower than the very high corresponding previous year's value.

Sales Incoming orders

Cancellations of orders from previous years

As a result of the strong business performance in Europe and the pronounced weaknesses in America and Asia, the regional distribution of sales shifted in favor of Europe. The share of sales accounted for by Europe rose from 27 % in the previous year's quarter to 37 %. The share of sales in the Americas fell from 17 % to 14 % and in Asia from 56 % to 49 %.

GROSS PROFIT

For the last five quarters (in € million)

Gross Margin in % Gross Profit Margin in € million

At 45 %, the gross profit margin in the first quarter of 2023 was at the low level of the previous quarter. Compared to the first quarter of 2022, it decreased by 5.6 %.

EARNINGS BEFORE TAXES

For the last five quarters (in € million)

EBT in % EBT in € million

Earnings before taxes were negative due to low sales, low gross margins and increased costs. It amounted to € -1.6 million (previous year: € 9.2 million).

The period surplus amounted to € -2.2 million (previous year: € 6.8 million). The result per share (diluted=undiluted) amounted to € -0.07 (previous year: € 0.23).

ASSET SITUATION

Compared to December 31, 2022, long-term assets increased mainly due to the capitalization of the building extension at group headquarters in Ahrensburg, which was occupied at the start of the year.

Inventories increased by a further € 4.8 million in the course of the first quarter for the reasons already explained.

DEVELOPMENT OF EQUITY

Equity decreased to € 138.3 million (December 31, 2022: € 141.5 million). The equity ratio decreased by 3.6 percentage points to 49.7 % on the reporting day, compared to 53.3 % on December 31, 2022.

CASH FLOW AND LIQUIDITY

Cash flow items in the first quarter were mainly impacted by weak earnings and a further increase in working capital.

The operating cash flow amounted to € -3.3 million (previous year: € -5.1 million). This development is mainly due to the loss for the quarter, a further increase in inventories and an increase in receivables as a result of the increase in sales at the end of the quarter.

The cash flow from investing activities amounted to € -4.4 million (previous year: € -22.9 million). Compared to the previous year, there were no special effects from M&A transactions. However, investments in fixed assets were higher due to the building project and the system migration to SAP S4 Hana.

The cash flow from financing activities amounted to € -2.0 million (previous year: € 13.6 million) and thus did not show any effects requiring explanation.

In total, the total cash flow amounted to € -9.7 million (previous year: € -14.5 million). Cash and cash equivalents consequently decreased from € 28.7 million (Dec. 31, 2022) to € 19.0 million. Net liquidity after deduction of all liabilities to banks amounted to € -42.0 million (Dec. 31, 2022: € -27.0 million).

CASH FLOW

For the last five quarters (in € million)

* extraordinary expenses M&A investments (DATVISION and IOVIS, Korea) ** extraordinary expenses M&A investments (Basler France and Basler Italy) FCF OCF ICF

EVENTS AFTER THE END OF THE INTERIM REPORTING PERIOD

EMPLOYEES

At the reporting date of March 31, 2023, the Basler group employed 1,139 (December 31, 2022: 1,132) employees (full-time equivalent).

REPORT ON SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (ENTITIES AND INDIVIDUALS)

There have been no new material related party transactions since the reporting date of December 31, 2022.

OPPORTUNITIES AND RISKS REPORT

Regarding significant opportunities and risks of the probable development of the company, we refer to the group management report as of December 31, 2022.

NOTES TO THE INTERIM STATEMENT ACCORDING TO IFRS

The interim statement of Basler was prepared according to the International Financial Reporting Standards (IFRS) as applicable within the European Union (EU), the interpretations of the International Financial Reporting Interpretations Committee (IFRIC), as well as the Standing Interpretations Committee (SIC). The interim statement was prepared according to the provision of the IAS 34. In principle, the same accounting and valuation methods are applied in the interim financial statements as in the consolidated financial statements as at December 31, 2022.

For significant changes of the consolidated balance sheet, the consolidated income statement as well as the consolidated cash flow statement, we refer to the report on the profit, finance, and asset situation. The statements on IFRS 9 made in the consolidated financial statements as at December 31, 2022 have not changed in the first quarter of the current financial year. To date, the Basler group has not been able to identify any changes in the payment behavior of customers that would have led to a different valuation of trade receivables. There were no findings that would have led to a revaluation of the lease accounting in accordance with IFRS 16 as at the reporting date.

BASLER IN THE CAPITAL MARKET

€ 22.25 CLOSING PRICE ON MARCH 31, 2023

SHAREHOLDER STRUCTURE

The share capital of Basler AG amounted to € 31.5 million at the end of the quarter on March 31, 2023, divided into 31.5 million no-par-value bearer shares

SHAREHOLDINGS MANAGEMENT

	03/31/2023 Number of shares in pieces	12/31/2022 Number of shares in pieces
Supervisory Board
Norbert Basler	-	-
Dorothea Brandes	-	-
Horst W. Garbrecht	-	-
Dr. Marco Grimm (until February 28, 2023)	-	-
Lennart Schulenburg (from May 23, 2022)	-	-
Prof. Dr. Mirja Steinkamp	-	-
Management Board
Arndt Bake	5,400	5,400
Dr. Dietmar Ley	1,140,930	1,140,930
Hardy Mehl	20,616	20,616
Alexander Temme	1,701	1,701

SHARE BUYBACK PROGRAM

With the approval of the supervisory board, on December 9, 2020, the management board of Basler AG decided to terminate the share buyback program initially re-started in 2020 on March 11, 2020, and to launch a new share buyback program on the basis of the annual general meeting's resolution of May 26, 2020. The new share buyback program has a total volume of up to € 10 million and a term until May 25, 2025.

The basis for the share buyback program is the authorization pursuant to § 71 para. 1 no. 8 of the German Stock Corporation Act (AktG) in accordance with the resolution of the Annual General Meeting of May 26, 2020, on agenda item 8 of this Annual General Meeting. According to this, the company may acquire treasury shares in the total amount of up to € 1,050,000.00 divided into 1,050,000 shares on the basis of the currently registered share capital. The authorization is valid until the end of May 25, 2025.

While the company may in principle use the shares for all legally permissible purposes in accordance with the authorization, this share buyback program is intended in particular to serve the acquisition of treasury shares for subsequent use as acquisition funds.

The share buyback program will be implemented as a programmed buyback program within the meaning of Art. 1 lit. a of Regulation (EU) 2016/1052. There was a change of service provider for the settlement of the program at the beginning of July 2021. Oddo BHF Bank has discontinued this business and since then, Basler AG has been handling the share buybacks with Berenberg Bank. The bank shall be instructed, at its own discretion but within the framework of the following provisions, to purchase from the respective daily turnover not more than 25 % of the average daily trading volume of the 20 trading days on the respective trading venue prior to the purchase date. The purchase price per share (excluding ancillary purchase costs) may not exceed or fall short of the stock exchange price of Basler AG in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange determined by the opening auction on the trading day by more than 10 %.

The extent to which own shares are actually acquired will depend in particular on market conditions. The acquisition will be made via the stock exchange in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation") and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 adopted on the basis of Article 5(6) of the Market Abuse Regulation. March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regulatory technical standards on the conditions applicable to buy-back programs and stabilization measures ("Delegated Regulation") and the volume limits and further acquisition restrictions and publication requirements provided for therein. The company has the right to suspend or prematurely terminate the share buyback program at any time.

At the reporting date March 31, 2023, the company holds 1,666,469 treasury shares or 5.29 % of the share capital of 31.5 million shares.

DECLARATION OF THE LEGAL REPRESENTATIVES

We affirm to the best of our knowledge that the interim consolidated financial statements, in accordance with the accounting principles applicable to interim reporting, provide a true and fair view of the group's asset, financial, and earnings situation and that the group's interim management report represents a true and fair picture of the course of business, including the operating result, and the group's financial situation as well as describing the essential opportunities and risks concomitant with the expected development of the group during the remainder of the fiscal year.

The management board

GERMAN CORPORATE GOVERNANCE CODE

The current declaration of the management board and the supervisory board pursuant to § 161 of the German Stock Corporation Act (AktG) regarding the German Corporate Governance Code was made continually available to the shareholders on the company's website at:

www.baslerweb.com/investors/corporate-governance.

Dr. Dietmar Ley Arndt Bake Hardy Mehl Alexander Temme

CEO CDO/CIO CFO/COO CCO

CONSOLIDATED PROFIT AND LOSS STATEMENT

in € k	01/01/ - 03/31/2023	01/01/ - 03/31/2022
Sales revenues	56,311	66,285
Currency earnings	-571	651
Cost of sales	-30,590	-33,683
Gross profit on sales	25,149	33,253
Other income	626	436
Sales and marketing costs	-11,011	-10,956
General administration costs	-5,831	-5,828
Research and development
Full costs	-10,814	-7,824
Capitalisation of intangible assets	2,547	2,150
Depreciations intangible	-1,834	-1,745
Research and development	-10,101	-7,419
Other expenses	-41	-175
Operating result	-1,209	9,311
Financial income	53	64
Financial expenses	-429	-162
Financial result	-376	-98
Earnings before tax	-1,585	9,213
Income tax	-597	-2,440
Group´s year surplus	-2,182	6,773
Average number of shares	29,833,531	29,916,320
Earnings per share diluted = undiluted (€)	-0.07	0.23

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

in € k	01/01/ - 03/31/2023	01/01/ - 03/31/2022
Group's year surplus	-2,182	6,773
Result from differences due to currency conversion, directly recorded in equity (to be reclassified to the con solidated income statement in the future under certain
conditions)	-974	481
Total result, through profit or loss	-974	481
Total result	-3,156	7,254

CONSOLIDATED CASH FLOW STATEMENT

in € k	01/01/ - 03/31/2023	01/01/ - 03/31/2022
Operating activities
Group's year surplus	-2,182	6,773
Increase (+) / decrease (-) in deferred taxes	18	957
Payout/ incoming payments for interest	534	248
Depreciation of fixed assets	4,841	4,071
Change in capital resources without affecting payment	-974	481
Increase (+) / decrease (-) in accruals	-2,173	-1,860
Profit (-) / loss (+) from asset disposals	0	0
Increase (-) / decrease (+) in reserves	-4,829	-7,626
Increase (+) / decrease (-) in advances from demand	109	2
Increase (-) / decrease (+) in accounts receivable	-1,656	-10,228
Increase (-) / decrease (+) in other assets	-2,010	-4,623
Increase (+) / decrease (-) in accounts payable	263	90
Increase (+) / decrease (-) in other liabilities	4,757	6,576
Net cash provided by operating activities	-3,302	-5,139
Investing activities
Payout for investments in fixed assets	-4,374	-7,245
Incoming payments for asset disposals	0	33
Expenses for acquisitions less cash acquired	0	-15,727
Net cash provided by investing activities	-4,374	-22,939

in € k	01/01/ - 03/31/2023	01/01/ - 03/31/2022
Financing activities
Payout for amortisation of bank loans	-581	-1,028
Payout for amortisation of finance lease	-882	-952
Incoming payment for borrowings from banks	0	15,500
Interest payout	-534	-248
Interest payout	0	0
Incoming payment for sale of own shares	0	353
Payout for own shares	0	0
Dividends paid	0	0
Net cash provided by financing activities	-1,997	13,625
Change in liquid funds	-9,673	-14,453
Funds at the beginning of the year	28,701	54,831
Funds at the end of the year	19,028	40,378
Composition of liquid funds at the end of the year
Cash in bank and cash in hand	19,028	40,378
Payout for taxes	-765	-1,270

GROUP BALANCE SHEET

in € k	03/31/2023	12/31/2022
Assets
A. Long-term assets
I. Intangible assets	49,676	48,477
IV. Goodwill	45,831	46,069
II. Fixed assets	17,631	16,790
III. Buildings and land in finance lease	24,696	12,575
V. Other financial assets	1,418	1,418
V. Other long term assets	4,227	3,803
VI. Deferred tax assets	2,036	1,815
	145,515	130,947
B. Short-term assets
I. Inventories	55,166	50,337
II. Receivables from deliveries and services	42,837	41,181
III. Other short-term financial assets	7,004	4,397
IV. Other short-term assets	7,087	7,429
V. Claim for tax refunds	1,859	2,535
VI. Cash in bank and cash in hand	19,028	28,701
	132,981	134,580
	278,496	265,527

in € k	03/31/2023	12/31/2022
Liabilities
A. Equity
I. Subscribed capital	29,834	29,834
II. Capital reserves	7,223	7,223
III. Retained earnings	105,010	107,192
IV. Other components of equity	-3,737	-2,763
	138,330	141,486
B. Long-term debt
I. Long-term liabilities
1. Long-term liabilities to banks	46,227	51,655
2. Other financial liabilities	3,593	3,517
3. Liabilities from finance lease	21,649	10,076
II. Non-current provisions	1,977	1,956
III. Deferred tax liabilities	11,141	10,901
	84,587	78,105
C. Short-term debt
I. Other financial liabilities	14,467	4,025
II. Short-term accrual liabilities	8,476	10,700
III. Short-term other liabilities
1. Liabilities from deliveries and services	19,602	19,416
2. Other short-term financial liabilities	6,642	7,371
3. Liabilities from finance lease	4,409	2,470
IV. Current tax liabilities	1,983	1,954
	55,579	45,936
	278,496	265,527

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Group´s annual balance sheet according to IFRS for the fiscal year from January 1, 2023 to March 31, 2023

				Other components of equity
in € k	Subscribed Capital capital reserve	Retained earnings incl. group's earnings	Differences due to currency conversion	Adjustment recognized directly in equity Finance lease/ IFRS15	Sum of other components of equity	Total
Shareholders´ equity as of 01/01/2022	9,971	26,818	94,237	2,187	-4,557	-2,370	128,656
Total result			6,774	481		481	7,255
Share salesback / Share buyback	4		349				353
Shareholders´ equity as of 31/03/2022	9,975	26,818	101,360	2,668	-4,557	-1,889	136,264
Total result			15,365	-619	-255	-874	14,491
Share salesback / Share buyback	-1,141	1,405	-3,349				-3,085
Capital increase from company funds	21,000	-21,000					0
Dividend outpayment*			-6,184				-6,184
Shareholders´equity as of 12/31/2022	29,834	7,223	107,192	2,049	-4,812	-2,763	141,486
Total result			-2,182	-974		-974	-3,156
Share salesback / Share buyback							0
Shareholders´equity as of 03/31/2023	29,834	7,223	105,010	1,075	-4,812	-3,737	138,330

* 0,62 € per share

EVENTS 2023

IR-EVENTS

Date	Event	Venue
5/26/2023	Annual Shareholders' Meeting 2023	Chamber of Commerce, Hamburg
8/10/2023	Release of results for First Half Year 2023	Ahrensburg, Germany
11/8/2023	Release of Nine-Month-Report 2023	Ahrensburg, Germany
11/27 – 11/29/2023	German Equity Forum, Frankfurt	Frankfurt/Main, Germany

SHOWS AND CONFERENCES

Date	Event	Venue
05/22/2023 – 05/24/2023	Embedded Vision Summit	Santa Clara, CA, USA
05/22/2023 – 05/25/2023	Automate	Detroit, MI, USA
05/23/2023 – 05/25/2023	SPS ITALIA	Parma, Italy
06/20/2023 – 06/21/2023	UKIVA - Machine Vision Conference	Coventry, UK
06/27/2023 – 06/30/2023	automatica	Munich, Germany
3/7/2023	Vision China Beijing	Beijing, China
9/14/2023	China International Industry Fair (CIIF)	Shanghai, China
10/18/2023	Industrial Transformation Asia-Pacific (ITAP)	Singapore
11/30/2023	Healthcare+ Expo Taiwan	Taipei, Taiwan

CONTACT

BASLER AG

An der Strusbek 60 – 62 22926 Ahrensburg Germany

Tel. +49 4102 463 0 Fax +49 4102 463 109 info@baslerweb.com baslerweb.com

BASLER, INC.

855 Springdale Drive, Suite 203 Exton, PA 19341 USA

Tel. +1 610 280 0171 Fax +1 610 280 7608 usa@baslerweb.com

BASLER ASIA PTE. LTD. 35 Marsiling Industrial Estate Road 3 #05-06 Singapore 739257

Tel. +65 6367 1355 Fax +65 6367 1255 singapore@baslerweb.com BASLER VISION TECHNOLOGIES TAIWAN INC. No. 160, Zhuangjing N. Rd., Zhubei City, Hsinchu County 302, Taiwan (R.O.C.)

Tel. +886 3 558 3955 Fax. +886 3 558 3956 sales.asia@baslerweb.com

BASLER VISION TECHNOLOGY (BEIJING) CO., LTD 2nd Floor, Building No.5, Dongsheng International Pioneer Park, No.1 Yongtaizhuang NorthRoad, Haidian District, Beijing

Tel. +86 010 6295 2828 Fax +86 010 6280 0520 sales.china@baslerweb.com

BASLER KOREA INC. (WEST) (REPUBLIC OF KOREA) 2501~2507, Anyang IS Biz Central A-dong, 25, Deokcheon-ro 152 beaon-gil, Manan-gu, Anyangsi, Gyeonggi-do

20

Tel. + 82 31 714 3114 sales.korea@baslerweb.com

BASLER KOREA INC. (EAST) (REPUBLIC OF KOREA)

No. 1305, Hyundai Knowledge Center C-dong, Beobwon-ro 11-gil, Songpa-gu, Seoul, Korea

Tel. +82 2 424 8832

BASLER ITALY S.R.L. Via Carducci, 35 20090 Trezzano sul Naviglio -MI- Italy

+39 02 4455 154 sales.italy@baslerweb.com

BASLER JAPAN KK

6th floor #A, Iwamotocho Kita Building, 1-8-15 Iwamotocho, Chiyoda-ku, Tokyo 101-0032 Japan

Tel. +81 3 6672 2333 Fax. +81 3 6672 2344 sales.japan@baslerweb.com