SOURCE: Perceptron, Inc.

Perceptron, Inc.

January 06, 2015 16:15 ET

Chinese Manufacturers Choose Perceptron® Technology

PLYMOUTH, MI--(Marketwired - Jan 6, 2015) - Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of real time, non-contact 3D vision systems for measurement, inspection and robot guidance, today announced that it has been selected to provide in-line measure solutions for two leading Chinese automotive manufacturers. 

Jeffrey M. Armstrong, Perceptron's President and CEO, said, "We are clearly pleased that Great Wall Motors Company and Qoros Auto Company selected Perceptron to provide our market leading in-line measurement systems as part of their quality and cost control strategies. Both companies are new customers for Perceptron and highlight our continued growth in Asia, where we provide in line measurement and automated assembly systems to the vast majority of significant car makers in China. These wins reflect the strength and capabilities of our regional teams in Shanghai, Tokyo, Singapore, and Chennai to fully support our local customers. These companies recognize they can count on us to deliver complex systems on time, on budget and that we will be there to support them, and provide great customer service, long after the initial sale."

Great Wall Motors Company is China's largest SUV and pickup manufacturer, and has been listed as one of the most promising independent Chinese auto brands. Qoros Auto Company, headquartered in Shanghai, strives to produce vehicles that are differentiated in their design, safety, and connected services while exhibiting international standards of quality.

Armstrong added, "Our strong local presence in China, and our expanding infrastructure in Southeast Asia as a whole, allows us to capitalize on market developments and puts Perceptron in a unique position to deliver reliable, cost effective solutions to our entire Asian customer base. We are seeing more and more manufacturers place a high value on regional support. This trend presents Perceptron with a clear differentiator and is in direct alignment with our philosophy of providing our customers with global solutions that are supported locally."

About Perceptron
Perceptron develops, produces, and sells non-contact 3D machine vision solutions for measurement, inspection and robot guidance in industrial applications. Manufacturers throughout the world rely on Perceptron's automation solutions to help them improve quality, shorten product launch times and reduce cost. Headquartered in Plymouth, Michigan, Perceptron has approximately 250 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China and India.

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 introduce new products and expand into new customers and markets. 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 2014, 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.
    JP La Forest
    Managing Director, Asia
    (734) 414-6100