Prime Vision was founded from a Netherlands National Postal and Telecommunications Corporation (PTT) research department. Our research efforts date from the dawn of the computer age when we were tasked to seek ways to automatically read handwritten money transaction forms. Prime Vision was one of the first companies in the world with a solution capable of reading handwritten characters. The project 'CODAL' for ING Bank is a break through. Prime Vision is the first organisation in the world that succeeds in developing a recognition engine reading documents with a higher quality level than two people keying-in the same data field. Previously, money transactions had to be handled manually by two independent data entry keyers; costly in both time and money. In summary, Prime Vision's solution offers a fully automated and computerised system, higher accuracy, and faster processing time, all at a fraction of the cost of the manual system. Still today there are very few financial institutions who can process their bank documents without human interaction. Prime Vision sets the standard for high quality recognition. The PTT organisation splits into two independent companies: KPN (the telecom operator) and the TNT Post Group (TPG, the postal operator). The former PTT Research organisation (including Prime Vision) becomes part of KPN Research. Prime Vision conducts contract research for KPN and companies who have a partnership with KPN, such as TPG. KPN Research management change their strategy and appoints Eddy Thans to transfer the pattern recognition department into an independent commercial company: Prime Vision. Two years of preparation starts and Prime Vision extends their product portfolio. This leads to a launch on the traffic market, improvements of the word recogniser and enhancing the functionality of the OCR engine to make it suitable for reading multiple languages. Within three years from entering the market as a commercial organisation, Prime Vision is truly a global player. Today Prime Vision has implemented solutions from Asia Pacific to Australia, the Middle East and North America. Our technology has undergone an equally impressive development path and now supports non-Latin character sets such as Chinese, Tamil and Hebrew. Prime Vision has become the market leader in medium size OCR postal projects. This is just the start. The journey continues Prime Vision opens it's doors to clients in North America. New office established in Princeton, New Jersey. Prime Vision and AddressVision Inc. win a landmark project from Australia Post. The project comprises enhanced OCR for all letter sorting centres nationwide.
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