NATICK, Mass.--(BUSINESS WIRE)--
Cognex Corporation (NASDAQ: CGNX) announced today that it has received
purchase orders totaling more than
$4 million from a large parcel
delivery customer. The customer will use Cognex DataMan® 300 barcode
readers on automated sorting stations in its U.S. distribution centers.
These readers are expected to be shipped by the end of 2013. Additional
follow-on orders are expected in the future.
The DataMan 300 systems will read 1-D barcodes on trays containing items
to be shipped, a key part in the process of routing these items to the
correct destination.
"Cognex won this project after proving that our DataMan 300 ID reader
provides a higher return on investment than other solutions," said Carl
Gerst, Cognex Vice President for ID Products. "DataMan can read even
worn and very-hard-to read barcodes, which can be an issue with reusable
trays used to transport items for sorting. DataMan's nearly perfect read
rates and ability to keep up with high-speed conveyors ensures the
fastest and most reliable package throughput for the customer."
The DataMan 300 with Hotbars™ image analysis technology offers reliable
reading of 1-D barcodes that lasers cannot read, including damaged,
distorted, blurred, scratched, low height and low contrast codes. It
also reads codes presented in any orientation, multiple codes within the
same image, and 2-D codes such as Data Matrix and QR codes. With no
moving parts to wear out, the DataMan 300 offers exceptional
reliability, lower maintenance and longer product life. DataMan's
real-time performance feedback also provides customers with the ability
to make immediate adjustments for process improvements.
For more information about the advanced capabilities of the DataMan 300
image-based barcode reader, visit www.cognex.com/factory-id-reader.aspx.
About Cognex Corporation
Cognex Corporation designs, develops, manufactures and markets a range
of products that incorporate sophisticated machine vision technology
that gives them the ability to "see." Cognex products include barcode
readers, machine vision sensors and machine vision systems that are used
in factories, warehouses and distribution centers around the world to
guide, gauge, inspect, identify and assure the quality of items during
the manufacturing and distribution process. Cognex is the world's leader
in the machine vision industry, having shipped more than 900,000
vision-based products, representing over $3.5 billion in cumulative
revenue, since the company's founding in 1981. Headquartered in Natick,
Massachusetts, USA, Cognex has regional offices and distributors located
throughout North America, Japan, Europe, Asia and Latin America. For
details visit Cognex online at http://www.cognex.com.
Certain statements made in this news release, which do not relate
solely to historical matters, are forward-looking statements. These
statements can be identified by use of the words "expects,"
"anticipates," "estimates," "believes," "projects," "intends," "plans,"
"will," "may," "shall," "could," "should," and similar words. These
forward-looking statements, which include statements regarding business
and market trends, future financial performance, the timing of order
shipments, customer order rates, expected areas of growth, research and
development and sales activities, and strategic plans, involve known and
unknown risks and uncertainties that could cause actual results to
differ materially from those projected. Such risks and
uncertainties include: (1) current and future conditions in the global
economy; (2) the cyclicality of the semiconductor and electronics
industries; (3) the reliance on revenue from the automotive industry;
(4) the inability to penetrate new markets; (5) the inability to achieve
significant international revenue; (6) fluctuations in foreign currency
exchange rates; (7) the loss of a large customer; (8) the inability to
attract and retain skilled employees; (9) the reliance upon key
suppliers to manufacture and deliver critical components for Cognex
products; (10) the failure to effectively manage product transitions or
accurately forecast customer demand; (11) the inability to design and
manufacture high-quality products; (12) the technological obsolescence
of current products and the inability to develop new products; (13) the
failure to properly manage the distribution of products and services;
(14) the inability to protect Cognex proprietary technology and
intellectual property; (15) involvement in time-consuming and costly
litigation; (16) the impact of competitive pressures; (17) the
challenges in integrating and achieving expected results from acquired
businesses; (18) potential impairment charges with respect to Cognex's
investments or for acquired intangible assets or goodwill; (19) exposure
to additional tax liabilities; (20) information security breaches or
business systems disruptions; and (21) the other risks detailed in
Cognex reports filed with the SEC, including its Form 10-K for the
fiscal year ended December 31, 2012. You should not place undue reliance
upon any such forward-looking statements, which speak only as of the
date made. Cognex disclaims any obligation to update forward-looking
statements after the date of such statements.
Cognex Corporation
Susan Conway, 508-650-3353
Director of
Investor Relations
susan.conway@cognex.com
Source: Cognex Corporation
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