SOURCE: Perceptron, Inc.

Perceptron, Inc.

February 05, 2010 09:23 ET

Perceptron® Expands Office in China

PLYMOUTH, MI--(Marketwire - February 5, 2010) - Perceptron, Inc. (NASDAQ: PRCP), a leading provider of information-based process improvement solutions for non-contact measurement and inspection applications, today announced the expansion of its regional office in Shanghai, China. The expansion will further leverage Perceptron's existing global infrastructure and strengthen its presence in the expanding Asian marketplace.

Mark Hoefing, Perceptron's Senior Vice President, Industrial Business Unit, stated, "A marked increase in the number of Automated System orders is a positive indicator that the Asian manufacturing market is recovering from the recent economic downturn and is poised for continued growth. This office expansion will allow us to capitalize on improving economic trends and will put Perceptron in a better position to provide reliable, efficient solutions to our Asian customer base. One of Perceptron's guiding principles is to provide our customers with global solutions, supported locally."

The expansion includes adding engineers to work on the installation of automated systems as well as the move into a significantly larger office facility. The new office will accommodate increased interaction with local customers and integrators and demonstrates Perceptron's continued commitment to the Chinese market.

About Perceptron®

Perceptron develops, produces, and sells non-contact measurement and inspection solutions for industrial and commercial applications. The products from the Company's Industrial Business Unit (IBU) provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement and inspection applications. Automotive and manufacturing companies throughout the world rely on Perceptron's metrology solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce overall manufacturing costs. IBU also offers Value Added Services such as training and customer support services. Perceptron's Commercial Products Business Unit (CBU) develops and manufactures a variety of handheld visual inspection devices and add-on accessories for professional tradesmen that are sold to and marketed through strategic partners. Headquartered in Plymouth, Michigan, Perceptron has approximately 220 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China and India. For more information about Perceptron, please visit

Safe Harbor Statement

Certain statements in this press release may be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, including the Company's ability to successfully develop and expand the Chinese market. When we use words such as "will," "should," "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties in addition to those set forth in the press release, including, but not limited to, those set forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form 10-K for fiscal 2009, the dependence of the Company's net income levels on increasing revenues, the timing of orders and shipments which can cause the Company to experience significant fluctuations in its quarterly and annual revenue, order bookings, backlog and operating results, timely receipt of required supplies and components which could result in delays in anticipated shipments, the ability of the Company to successfully compete with alternative and similar technologies, the ability of the Company to develop and introduce new products, the ability of the Company to attract and retain key personnel, especially technical personnel, the quality and cost of competitive products already in existence or developed in the future, rapid or unexpected technological changes, and the effect of economic conditions. The ability of the Company to develop and introduce new products, especially in markets outside of automotive, is subject to a number of uncertainties, including general product demand and market acceptance risks, the ability of the Company to resolve technical issues inherent in the development of new products and technologies, the ability of the Company to identify and satisfy market needs, the ability of the Company to identify satisfactory distribution networks, the ability of the Company to develop internally or identify externally high quality cost effective manufacturing capabilities for the products, general product development and commercialization difficulties, and the level of interest existing and potential new customers may have in new products and technologies generally.

Contact Information

  • Company Contact:
    Perceptron, Inc.
    Mark Hoefing
    (734) 414-6100