SOURCE: Perceptron, Inc.

Perceptron, Inc.

July 07, 2010 13:45 ET

Perceptron Added to Russell Microcap Index

PLYMOUTH, MI--(Marketwire - July 7, 2010) -  Perceptron, Inc. (NASDAQ: PRCP), a leading provider of non-contact gauging and scanning systems for manufacturers and visual inspection tools for professional tradesmen, today announced it has been added to the Russell Microcap® Index. Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 28, 2010.

"We are pleased to be added to the Russell Microcap Index, which reflects our continued positive momentum and efforts to increase shareholder value," said Harry T. Rittenour, President and CEO. "We expect our inclusion will raise our profile and generate greater interest in our stock at an institutional investor level."

Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. The Company will hold its membership until Russell reconstitutes its indexes in June 2011. Membership in the Russell Microcap Index means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

About Russell:
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31, 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company. 

About Perceptron®:
Perceptron develops, produces, and sells non-contact measurement and inspection solutions for both industrial and commercial applications. The Company's Commercial Products Business Unit (CBU) develops and manufactures a variety of handheld visual inspection devices and add-on accessories that are sold to, and marketed through, strategic partners. CBU's products allow professional trades-people to see in restricted places and to diagnose and solve problems without requiring time consuming and unnecessary tear out or disassembly. The Industrial Business Unit's (IBU) products 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. 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, please visit www.perceptron.com.

Contact Information

  • Contact:
    Jack Lowry
    Vice President of Finance and CFO
    (734) 414-6100