NATICK, Mass.--(BUSINESS WIRE)--
Cognex
Corporation (
NASDAQ: CGNX) has expanded its 3D vision capabilities
with the recent acquisition of two companies specializing in 3D machine
vision technology.
On October 27, 2016, Cognex acquired EnShape
GmbH, a maker of advanced 3D vision sensors and software based in
Jena, Germany. EnShape's 3D sensors use patented area-scan technology
for fast image capture at high resolution, and eliminate the need to
mechanically move objects in front of the device as required with laser
line scanners. The company's team of highly skilled 3D vision engineers
will become part of a new Cognex engineering center based in Jena.
On August 30, 2016, Cognex also completed the acquisition of AQSense,
a provider of 3D vision software based in Girona, Spain. AQSense
develops and sells a library of field-tested 3D vision tools and a
configuration software package that helps customers easily set up their
3D vision applications. The company's software engineers joined Cognex's
3D engineering team upon the closing of the acquisition.
"We see a growing number of opportunities for 3D vision in industries
such as automotive, consumer electronics and logistics, to name just a
few," said Joerg Kuechen, Vice President of Vision Products for Cognex.
"We believe that our acquisition of these two companies, especially the
addition of two highly experienced new engineering teams, will
accelerate our ability to bring innovative new 3D products to market."
Visit Cognex at the VISION show in Stuttgart, Germany from November 8 -
10, 2016 for an introduction to our newest 3D vision capabilities.
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 1 million
vision-based products, representing over $4 billion in cumulative
revenue, since the company's founding in 1981. Headquartered in Natick,
Massachusetts, USA, Cognex has regional offices and distributors located
throughout the Americas, Europe and Asia. 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 and other
statements of a similar sense. These forward-looking statements,
which include statements regarding expected benefits of acquisitions,
business and market trends, future product development, 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: current and future conditions in the
global economy; the inability to develop new products; the inability to
protect our proprietary technology and intellectual property; the impact
of competitive pressures; the challenges in integrating and achieving
expected results from acquired businesses; and the other risks detailed
in Cognex reports filed with the SEC, including its Form 10-K for the
fiscal year ended December 31, 2015. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161031006061/en/
Cognex Corporation
Investor Relations Contact:
Susan
Conway, 508-650-3353
Sr. Director, Investor Relations
susan.conway@cognex.com
or
PR
Contact:
Robin Pratt, 508-650-3384
Corporate
Communications
robin.pratt@cognex.com
Source: Cognex Corporation
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