~~Table~~SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

~~SECURITIES~~Washington, ~~AND~~DC ~~EXCHANGE~~20549 ~~COMMISSION~~

~~Washington,~~FORM DC6-K ~~20549~~

~~FORM~~REPORT ~~6-K~~OF FOREIGN PRIVATE ISSUER

~~REPORT~~PURSUANT OFTO ~~FOREIGN~~RULE ~~PRIVATE~~13a-16 ~~ISSUER~~OR 15d-16 OF

~~PURSUANT~~THE TOSECURITIES ~~RULE~~EXCHANGE ~~13a-16~~ACT OROF ~~15d-16~~1934 OF

~~THE~~October ~~SECURITIES~~27, ~~EXCHANGE~~2005 ~~ACT OF 1934~~

~~For~~ICOS ~~the~~VISION ~~month~~SYSTEMS ofCORPORATION ~~October,~~N.V. ~~2005~~

~~Commission~~(Translation ~~File~~of ~~Number:~~registrant’s ~~0-29554~~name into English)

~~ICOS~~Researchpark ~~VISION~~Haasrode, ~~SYSTEMS~~Zone ~~CORPORATION~~1 NV

~~(Translation~~Esperantolaan of8, ~~registrant’s~~3001 ~~name~~Heverlee, ~~into~~Belgium ~~English)~~

~~Researchpark~~(Address ~~Haasrode,~~of ~~Zone~~Principal 1Executive Offices)

~~Esperantolaan~~(Indicate 8,by ~~3001~~check ~~Heverlee,~~mark ~~Belgium~~whether the Registrant files or will file

~~(Address~~annual reports under cover of ~~Principal~~Form ~~Executive~~20-F ~~Offices~~or Form 40-F)

~~Indicate by check mark whether the Registrant files or will file annual reports under cover of~~ Form 20-F orX Form 40-F

~~Form 20-F X Form 40-F~~ (Indicate by check mark whether the registrant by furnishing the

~~Indicate~~information bycontained ~~check~~in ~~mark~~this ifform ~~the registrant~~ is ~~submitting~~ ~~the~~also ~~Form~~thereby ~~6-K~~furnishing inthe ~~paper~~information asto ~~permitted~~the ~~by Regulation S-T Rule 101(b)(1):~~

~~Indicate~~Commission bypursuant ~~check~~to ~~mark~~Rule if12g3-2(b) ~~the~~under ~~registrant is submitting~~ the ~~Form~~Securities ~~6-K~~Exchange inAct ~~paper~~of ~~as permitted by Regulation S-T Rule 101(b~~1934)~~(7):~~

~~Indicate~~Yes byNo check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 X

(If “Yes ~~No X~~ ” is marked, indicate below the file number assigned to the

~~(If “Yes” is marked, indicate below the file number assigned to the~~ Registrant in connection with Rule 12g3-2(b): 82- )

LOGO

~~Table~~Contact: ~~of Contents~~

Exhibit 1 Unaudited Consolidated Financial Statements of ICOS Vision Systems Corporation NV at June 30, 2005, and for the three and six month periods ended June 30, 2005 and 2004.


ICOS Vision Systems Corporation NV		Lippert/Heilshorn & Associates, Inc.
Tel: 32 16 398 220		212-838-3777
Investor.relations@icos.be		jburfening@lhai.com

~~This~~ICOS ~~Form 6-K is hereby filed and~~VISION ~~incorporated~~SYSTEMS byREPORTS ~~reference~~FINANCIAL inRESULTS ~~ICOS~~FOR ~~Vision~~THE ~~Systems~~THIRD ~~Corporation~~QUARTER ~~NV’s~~OF ~~Registration~~2005 ~~Statements on Form F-3 (File No. 333-97551) and Form S-8 (File No. 333- 106013).~~

~~Table~~Heverlee, ofBelgium ~~Contents~~– October 27, 2005 - ICOS Vision Systems Corporation NV (Nasdaq and Euronext: IVIS), a world leader in vision solutions, today announced its unaudited financial results for the third quarter ended September 30, 2005.

~~SIGNATURE~~Revenues for the three months ended September 30, 2005 were € 19.7 million, representing an increase of approximately 22% over second quarter revenues of € 16.1 million, and a decrease of 20% compared to the € 24.7 million reported for the third quarter of 2004. Income from operations for the third quarter of 2005 was € 4.3 million, 58% higher than the second quarter’s operating income of € 2.7 million and 48% lower than the € 8.3 million reported for the third quarter of 2004. Net income for the third quarter of 2005 was € 3.3 million, or 31 Eurocents per share, compared to net income of € 2.1 million, or 20 Eurocents per share, for the second quarter of 2005 and to net income of € 5.8 million, or 55 Eurocents per share, for the third quarter of 2004.

~~Pursuant~~Revenues tofor the ~~requirements~~nine months ended September 30, 2005 were € 52.0 million, representing a decrease of 29% over € 73.0 million for the same ~~Securities~~period ~~Exchange~~in ~~Act~~2004. Income from operations for the first nine months of ~~1934,~~2005 was € 9.4 million compared to € 24.2 million for the ~~registrant~~same ~~has~~period last year. Net income for the first nine months of 2005 was ~~duly~~€ 7.1 million, ~~caused~~or ~~this~~67 ~~report~~Eurocents per share, compared to benet ~~signed~~income onof ~~its~~€ 17.1 million, ~~behalf~~or by€ 1,62 per share, for the ~~undersigned,~~first ~~thereunto~~nine ~~duly~~months ~~authorized~~of 2004.

	ICOS VISION SYSTEMS CORPORATION NV
Date: October 11, 2005	By:	/s/ Antoon DeProft
	Name:	Antoon DeProft
	Title:	President

“Our strong performance in the third quarter benefited from the market recovery supplemented by an increase in new product shipments,” said Anton DeProft, ICOS’ President and Chief Executive Officer. “These new products, which are gaining market acceptance, are the cornerstone of our strategy to broaden our footprint by continually investing in the development of innovative technology and advanced inspection tools. Our success with these initiatives continues to fortify ICOS’ leadership position in the market for inspection equipment.”

~~Table~~Mr. DeProft concluded, “Our visibility is improving and we anticipate continued strengthening of ~~Contents~~market demand. Based on a combination of ongoing market recovery and new product growth, we expect to produce sequential revenue growth comparable with or better than the third quarter growth and continued improvement in our operating and net margins.”

~~Exhibit~~About 1ICOS

ICOS ~~VISION~~designs ~~SYSTEMS~~and manufactures inspection equipment for the semiconductor packaging industry. It is a world-leading supplier of equipment for ~~CORPORATION~~the NVfinal visual control of chips before they are used in various applications, such as PCs, cars or portable phones. ICOS’ systems perform two- and three-dimensional (2D and 3D) inspections as part of the final visual quality control step in the manufacture of chips, wafers, flexible tapes for flat panel displays, sockets, substrates and solar cells. Aside from its complete systems, ICOS also offers inspection subsystems for integration in other equipment.

~~INDEX~~ICOS is headquartered in Heverlee, Belgium and has R&D centers in Belgium, Germany and Hong Kong and sales and support offices in Japan, the USA, Singapore, Hong Kong and Korea and production facilities in Belgium, Hong Kong and China.

~~Item 1~~“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this press release, such as market conditions and the Company’s expected financial performance in the fourth quarter of 2005, and any other statements about ICOS’ plans, objectives, expectations and intentions, are forward-looking statements. These statements are subject to ~~Unaudited~~known ~~Consolidated~~and ~~Balance~~unknown ~~Sheet~~risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, without limitation, the risk that improved order intake will not translate into increased orders, and that certain orders may be rescheduled or cancelled; the Company’s dependence on the cyclical semiconductor and electronic assembly industries; uncertainties inherent in the development of new products and the enhancement of existing products, including technical and regulatory risks, cost overruns and delays; the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; the company’s ability to predict accurately the demand for its products, and products under development, and to develop strategies to address its markets successfully; risks relating to technological change and the introduction of ~~June 30~~new products by the Company’s competitors; risks relating to intellectual property and the inherent uncertainty of law suits alleging patent infringement that have been filed or threatened against, ~~2005~~or filed by, the Company; risks relating to the conduct of the business worldwide, risks related to currency exchanges and ~~Audited~~other ~~Consolidated~~risks ~~Balance~~referred ~~Sheet~~to in our most recent annual report on form 20-F and other filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of ~~December 31~~the date made. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events, ~~2004~~conditions or circumstances on which any such statement is based, Further discussion of risk factors is also available in the Company’s SEC filings.

~~Item 2. Unaudited~~ICOS ~~Consolidated~~Vision ~~Statements~~Systems ofCorporation ~~Income~~NV ~~(Loss)~~can ~~for~~be ~~the~~found ~~three~~on ~~month period ended June 30, 2005 and June 30, 2004, and for~~ the ~~six~~World ~~month~~Wide ~~period~~Web at ~~ended~~www.icos.be ~~June 30, 2005 and June 30, 2004~~

~~Item 3. Unaudited~~-tables ~~Consolidated~~to ~~Statements~~follow- ~~of Cash Flows for the six month period ended June 30, 2005 and June 30, 2004~~

~~Item 4. Unaudited~~ICOS ~~Consolidated~~Vision ~~Statements~~Systems Corporation ofNV ~~Stockholders’ Equity and Comprehensive Income (Loss) for the six month period ended June 30, 2005.~~

~~Item 5. Unaudited~~Consolidated ~~Notes~~Statements toof ~~the~~Operations ~~Consolidated~~according ~~Financial~~to ~~Statements.~~US GAAP

~~Table~~(in thousands of ~~Contents~~EURO, except for share and per share data)

ICOS Vision Systems Corporation NV


	Three months ended September 30,				Nine months ended September 30,
	2005		2004		2005		2004
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues	19,684		24,685		51,952		73,016
Cost of goods sold	7,572		9,542		20,375		28,655

Gross profit	12,112		15,143		31,577		44,361

Operating expenses:
Research & development	2,733		2,372		8,030		6,424
Selling, general & administrative	5,064		4,452		14,165		13,735
Total operating expenses	7,797		6,824		22,195		20,159

Income from operations	4,315		8,319		9,382		24,202

Other income (loss):
Interest income, net	176		28		441		87
Other income	47		47		136		124
Foreign currency exchange loss	(43	)	(151	)	(441	)	(229	)
Net other income (loss)	180		(76	)	136		(18	)

Net income before taxes	4,495		8,243		9,518		24,184

Income taxes	1,226		2,466		2,462		7,131

Net income	3,269		5,777		7,056		17,053
Basic earnings per share	0.31		0.55		0.67		1.62
Weighted average number of shares	10,540,810		10,523,810		10,531,958		10,514,759
Diluted earnings per shares	0.31		0.54		0.66		1.59
Diluted weighted average number of shares	10,709,276		10,698,218		10,705,835		10,705,375

~~CONSOLIDATED~~ICOS ~~BALANCE~~Vision ~~SHEETS~~Systems ~~according~~Corporation toNV ~~US GAAP~~

~~(in~~CONSOLIDATED ~~thousands~~BALANCE ofSHEETS ~~EURO)~~according to US GAAP

	June 30, 2005		December 31, 2004
	(unaudited)		(audited)
ASSETS
Current Assets
Cash and cash equivalents	47,171		42,179
Trade accounts receivable, net	17,299		16,166
Inventories, net	18,159		18,063
Prepaid expenses and other current assets	2,890		2,864
Total current assets	85,519		79,272
Net property and equipment	10,272		10,134
Intangible Assets	4,881		5,505
Other assets	2,124		2,115
Total Assets	102,796		97,026
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Trade accounts payable	6,736		5,466
Short-term borrowings & current portion long-term debt	662		681
Other current liabilities	11,210		12,168
Total current liabilities	18,608		18,315
Long-term debt, excluding current portion	4,195		4,490
Other long-term liabilities	1,298		1,313
Total liabilities	24,101		24,118
STOCKHOLDERS’ EQUITY
Common stock	3,242		3,237
Additional paid-in-capital	22,452		22,396
Retained earnings	54,065		50,279
Accumulated other comprehensive income (loss)	(1,064	)	(3,004	)
Total stockholders’ equity	78,695		72,908
Total liabilities and stockholders’ equity	102,796		97,026

(in thousands of EURO)


	September 30, 2005		December 31, 2004
	(unaudited)		(audited)
ASSETS
Current Assets
Cash and cash equivalents	50,864		42,179
Trade accounts receivable, net	17,997		16,166
Inventories, net	20,270		18,063
Prepaid expenses and other current assets	2,533		2,864

Total current assets	91,664		79,272

Net property and equipment	10,199		10,134
Intangible assets	4,569		5,505
Other assets	1,995		2,115

Total Assets	108,427		97,026

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Trade accounts payable	7,537		5,466
Short-term borrowings & current portion long-term debt	671		681
Other current liabilities	12,697		12,168

Total current liabilities	20,905		18,315

Long-term debt, excluding current portion	4,043		4,490
Other long-term liabilities	1,436		1,313

Total liabilities	26,384		24,118

STOCKHOLDERS’ EQUITY
Common stock	3,242		3,237
Additional paid-in-capital	22,452		22,396
Retained earnings	57,335		50,279
Accumulated other comprehensive income (loss)	(986	)	(3,004	)

Total stockholders’ equity	82,043		72,908

Total liabilities and stockholders’ equity	108,427		97,026

ICOS Vision Systems Corporation NV

CONSOLIDATED STATEMENTS OF ~~INCOME~~CASH ~~(LOSS)~~FLOWS ~~according~~ACCORDING toTO US GAAP

(in thousands of EURO~~, except for share and per share data~~)

	Three months ended June 30				Six months Ended June 30
	Three months endedSeptember 30				Nine months endedSeptember 30
	2005		2004		2005		2004
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues	16,075		27,286		32,268		48,331
Cash flows from operating activities
Cost of goods sold	6,404		10,482		12,804		19,113
Net income	3,269		5,777		7,056		17,053
Gross profit	9,671		16,804		19,464		29,218
Adjustments to reconcile net income to net cash provided by operating activities:
Operating expenses:
Depreciation and amortization	513		492		1,503		787
Research & development	2,656		2,218		5,297		4,051
Allowance for doubtful debts	6		(75	)	105		(18	)
Selling, general & administrative	4,277		5,005		9,100		9,284
Deferred tax expense (benefit)	497		1,693		611		3,760
Total operating expenses	6,933		7,223		14,397		13,335
Loss on disposal of property and equipment	1		—		20		1
Income from operations	2,738		9,581		5,067		15,883
Changes in assets and liabilities:
Other income (loss):
Decrease (increase) in trade accounts receivable	(640	)	1,051		(878	)	(8,620	)
Interest income, net	154		26		265		59
Decrease (increase) in inventories	(2,014	)	256		(1,263	)	(6,595	)
Other income	46		41		90		76
Decrease (increase) in prepaid expenses and other current assets	(4	)	662		498		(1,008	)
Foreign currency exchange gain (loss)	(268	)	(54	)	(399	)	(77	)
Decrease (increase) in other assets	96		(29	)	72		(463	)
Net other income (loss)	(68	)	13		(44	)	58
(Decrease) increase in trade accounts payable	793		(1,939	)	1,910		2,589
Net income before taxes	2,670		9,594		5,023		15,941
(Decrease) increase in other current liabilities	1,417		1,301		(81	)	9,567
Income taxes	555		2,899		1,237		4,665
(Decrease) increase in other long-term liabilities	(12	)	209		(93	)	718
Net income	2,115		6,695		3,786		11,276
Net cash provided by operating activities	3,922		9,398		9,460		17,771
Basic earnings per share	0.20		0.64		0.36		1.07
Cash flows from investing activities
Weighted average number of shares	10,527,607		10,512,557		10,527,459		10,510,184
Additions to property and equipment	(102	)	(495	)	(540	)	(670	)
Diluted earnings per share	0.20		0.63		0.35		1.05
Payment for purchase of acquired intangible assets	—		—		—		(6,129	)
Diluted weighted average number of shares	10,704,309		10,709,213		10,703,819		10,708,388
Acquisition, net of cash received	—		—		—		(35	)
Net cash used in investing activities	(102	)	(495	)	(540	)	(6,834	)
Cash flows from financing activities
Repayment of borrowings	(142	)	(134	)	(457	)	(432	)
Proceeds from shares issued in connection with the exercise of stock options	0		—		61		72
Net cash used in financing activities	(142	)	(134	)	(396	)	(360	)
Increase in cash and cash equivalents	3,678		8,769		8,524		10,577
Impact of exchange rate movements on cash	15		(113	)	161		6
Cash and cash equivalents at beginning of period	47,171		31,457		42,179		29,530
Cash and cash equivalents at end of period	50,864		40,113		50,864		40,113

~~Table~~SIGNATURE ~~of Contents~~

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused ~~ICOS~~this ~~Vision~~report ~~Systems~~to ~~Corporation~~be NVsigned on its behalf by the undersigned, thereunto duly authorized.

CONSOLIDATED STATEMENTS OF CASH FLOWS according to US GAAP



	ICOS VISION SYSTEMS CORPORATION N.V.

Date: October 27, 2005	By:	/s/ Anton DeProft
	Name:	Anton DeProft
	Title:	President

(in thousands of EURO)

	Six months ended June 30,
	2005		2004
	(unaudited)		(unaudited)
Cash flows from operating activities
Net income	3,786		11,276
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	990		295
Allowance for doubtful debts	99		56
Deferred tax expense (benefit)	113		2,066
Loss on disposal of property and equipment	19		1
Changes in assets and liabilities:
Decrease (increase) in trade accounts receivable	(238	)	(9,672	)
Decrease (increase) in inventories	750		(6,852	)
Decrease (increase) in prepaid expenses and other current assets	503		(1,670	)
Decrease (increase) in other assets	(24	)	(434	)
(Decrease) increase in trade accounts payable	1,117		4,528
(Decrease) increase in other current liabilities	(1,498	)	8,269
(Decrease) increase in other long-term liabilities	(80	)	509
Net cash provided by operating activities	5,537		8,372
Cash flows from investing activities
Additions to property and equipment	(438	)	(175	)
Payment for purchase of acquired intangible assets	—		(6,129	)
Acquisition, net of cash received	—		(35	)
Net cash used in investing activities	(438	)	(6,339	)
Cash flows from financing activities
Repayment of borrowings	(315	)	(298	)
Proceeds from shares issued in connection with the exercise of stock options	61		72
Net cash used in financing activities	(254	)	(226	)
Increase in cash and cash equivalents	4,845		1,807
Impact of exchange rate movements on cash	147		120
Cash and cash equivalents at beginning of period	42,179		29,530
Cash and cash equivalents at end of period	47,171		31,457

ICOS Vision Systems Corporation NV

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

AND COMPREHENSIVE INCOME (LOSS) according to US GAAP

(Unaudited)

(In thousands of EURO)

	Common Stock		Additionalpaid-incapital	RetainedEarnings	AccumulatedOtherComprehensiveIncome (Loss)		ComprehensiveIncome (Loss)	Stockholders’Equity
	Number ofshares	Amount
Balance at December 31, 2004	10,527,310	3,237	22,396	50,279	(3,004	)		72,908
Shares issued in connection with the exercise of stock options	13,500	5	56	—	—		—	61
Comprehensive income
Net income for the six months ended June 30, 2005				3,786			3,786	3,786
Foreign currency translation Adjustment					1,940		1,940	1,940
Total comprehensive income							5,726
Balance at June 30, 2005	10,540,810	3,242	22,452	54,065	(1,064	)		78,695

ICOS Vision Systems Corporation NV

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(In thousands of EURO)

(1) Basis of Presentation

The consolidated financial statements of ICOS Vision Systems Corporation NV (the Company) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission for interim reports on Form 6-K, pursuant to Item 8.A.5 of Form 20-F, and do not include all of the information and note disclosures required by generally accepted accounting principles. These statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2004, included in the Company’s Annual Report on Form 20-F as filed with the Securities and Exchange Commission.

The consolidated balance sheet as of June 30, 2005, the consolidated statements of operations, cash flows and changes in equity for the three months and six months ended June 30, 2005 and June 30, 2004, are unaudited but, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments) necessary for a fair presentation of results for these interim periods.

The results of operations for the three months and six months ended June 30, 2005 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2005.

(2) Inventories

Inventories comprise materials, direct labor and manufacturing costs and an appropriate allocation of certain indirect overhead costs and are stated at the lower of cost (determined on a weighted average basis) or market. Management performs periodic reviews of inventory and provides for excess and obsolete inventory or disposes of such inventory as considered necessary.

Inventories consisted of the following:

	June 30, 2005		December 31, 2004
Raw materials	7,669		7,933
Work-in-progress	7,421		7,612
Finished goods	5,363		4,499
	20,453		20,044
Reserve for excess and obsolete inventory	(2,294	)	(1,981	)
Net inventories	18,159		18,063

(3) Significant Customers

The Company had three significant customers who accounted for approximately 17%, 16% and 10%, respectively, of revenues during the six months ended June 30, 2005.

(4) Litigation

In July 2000, ICOS was served with a Summons and Complaint by Scanner Technologies Corporation (“Scanner”) in the United States District Court, Southern District of New York. The Complaint alleged that certain of ICOS’ products, which relate to stereo vision inspection of ball grid array, chip scale package and bumped wafer products, infringe U.S. Patent Numbers 6,064,756 and 6,064,757. Although ICOS believes that its technology and products do not infringe any of these patents, ICOS partially settled the case in 2003 for the

majority of the systems it sold in the United States, those containing one light source. ICOS had recorded provisions in respect of related legal expenses amounting to approximately € 0.5 million at December 31, 2002 and the settlement fee of U.S. dollar 0.4 million was paid in 2003 and was fully covered by these provisions.

For the remainder of the systems, those containing two light sources, the District Court ruled in summary judgment that ICOS was not infringing the patents. Scanner appealed this ruling in 2003 and on April 23, 2004, the United States Court of Appeals for the Federal Circuit vacated the District Court’s summary judgment decision on a narrow issue of patent claim construction, ruling that a literal reading of Scanner’s patents at issue covered stereo vision inspection systems with illumination from one or more light sources, and remanded the case to the District Court for further proceedings based upon this new construction. The Appeals Court ruling did not address whether any of ICOS’ products infringe any patent claims of Scanner or whether any of those claims, including those relating to one or more light sources, are valid or enforceable. The trial in the District Court took place in March 2005 and the parties are awaiting a ruling.

In July 2005, ICOS initiated a suit against Scanner in the United States District Court for the Southern District of New York, seeking declaratory relief declaring that certain new patents issued and assigned to Scanner, and relating to the same or similar technology, are not infringed by any ICOS inspection methods or processes. The suit was filed by ICOS based on the company’s reasonable apprehension that ICOS may be sued by Scanner for infringement of the new Scanner patents. ICOS’ suit against Scanner also seeks to enjoin Scanner from activities which ICOS believes constitute unfair competition. Scanner has moved to dismiss the complaint or, in the alternative, to transfer the case to Minnesota where Scanner is headquartered.

While we continue to believe that we do not infringe any valid or enforceable patents of Scanner Technologies, ongoing litigation can be costly and time consuming, and we cannot guarantee that we will prevail. If Scanner were to prevail, it could obtain damages or expenses relating to the limited number of systems we have sold in the United States, and enjoin us from further selling the infringing products or otherwise infringing Scanner’s patents in the United States. We intend to continue to vigorously defend our interests. No provision in respect of related legal expenses has been recorded at June 30, 2005.

(6) New Accounting Pronouncements

There have been no new accounting pronouncements since the filing date of the Company’s Annual Report on 20-F for the year ended December 31, 2004, as filed with the Securities and Exchange Commission, which would have a material effect on the Company’s financial statements for the year ending December 31, 2005.

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