Schneider Group Acquires ISCO

Strengthens its position in the world lens market for cinema projection, home cinema and industrial applications.

Bad Kreuznach, Germany (PRWEB) August 19, 2008 -- Schneider Group, a global leader in the production of high-precision lenses, is expanding its market position in the areas of cinema projection lenses, home cinema and industrial lenses. As of 15 August, Schneider Group took over the operations of Göttingen-based ISCO Group - a specialist in cinema projection lenses and specialized lenses. The ISCO brand will be retained in the market.

"Our aim is a collaborative combining of strengths, and we see ourselves well positioned for continued growth in the digital projection market," said Dr. Josef Staub, CEO of Schneider Group. ISCO is equally optimistic about the future. "We look forward to having the optics specialist Schneider-Kreuznach as a partner," says Hans-Joachim Manus, CEO of ISCO Precision Optics. "This reinforces our longevity on the market."

About Schneider Group:

The Schneider Group specializes in the development and production of high-quality photographic lenses, cinema projection lenses, high-quality lenses for industrial applications and precision mechanics. The group consists of the Jos. Schneider Optische Werke ( founded in1913) and its affiliates Pentacon (Dresden, Germany), Praktica (London, UK), Schneider Optics (New York, Los Angeles), Schneider Bando (Seoul) and Schneider Asia Pacific (Hong Kong). The main brand is "Schneider-Kreuznach." Schneider Group has 550 employees worldwide, with 345 at its German headquarters. The group is the long-time world market leader for high performance lenses.

In North America, for more information contact Schneider Optics, Inc., 7701 Haskell Avenue, Van Nuys, CA, 91406 USA. TEL: +1 800 228-1254; FAX: +1 818 505-9865; info @ schneideroptics.com, or visit www.schneideroptics.com.

Contact:

Jos. Schneider Optische Werke GmbH

Wolfgang Berger

Ringstraße 132

D-55543 Bad Kreuznach

Germany

Tel. +49 671-601-287

Fax: +49 671-601-289

BergerW @ schneiderkreuznach.com

www.schneiderkreuznach.com

fishermen communications gmbh

Dr. Heiko Reisch

Kaiserstraße 61

D-60329 Frankfurt am Main

Germany

Tel. +49 69-210860-0

Fax: +49 69-210860-21

hreisch @ fishermen-com.de

www.fishermen-com.de

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