SOURCE: Perceptron, Inc.

Perceptron, Inc.

March 07, 2011 08:29 ET

Perceptron, Inc. Named to MDB Capital Group's 150 Best and Brightest for 2011

PLYMOUTH, MI--(Marketwire - March 7, 2011) - Perceptron, Inc. (NASDAQ: PRCP), a global leader in non-contact measurement and inspection solutions, today announced that it has been named as one of the 150 "Best and Brightest" innovative leaders for 2011 and a "Company to Watch" by MDB Capital Group, LLC. This recognition is given to those technology leaders ranking in the 90th percentile or above among 1,500 companies with US patents as rated by PatentVest®, MDB's proprietary, intellectual property (IP), business intelligence database. According to MDB, companies on last year's "Best and Brightest" list outperformed the S&P Small Cap 600 Index by 1.4 to 1 and the S&P 500 Index by 2.8 to 1.

"We are pleased to be recognized by MDB Capital Group as an innovative leader for 2011.  This recognition reflects the focus our technology team places on developing innovative solutions and creating a strategically advantageous and robust portfolio of intellectual property," said Harry Rittenour, President and CEO of Perceptron. "We are proud of the portfolio of 54 granted US and foreign patents that Perceptron currently has as well as our 43 additional pending US and foreign patent applications."

Christopher Marlett, CEO of MDB Capital Group, commended Perceptron's management team by saying, "The Company's imbedded IP value and demonstrated innovation places it in the top 10% of the approximately 1500 technology companies trading below $500MM in market value as ranked by our proprietary IP intelligence database called PatentVest. Our research has shown that this elite group of companies demonstrating above average PatentVest metrics, such as PatentVest Tech Score and the Compound Annual Growth Rate (CAGR) of patent applications, has significantly outperformed their publicly traded peers. In addition, companies in this group have demonstrated higher margins and more sustained growth."

A link to the PatentVest report on Perceptron may be found on MDB Capital Group's website at www.mdb.com.

About Perceptron®
Perceptron, Inc. (www.perceptron.com) develops, produces and sells non-contact measurement and inspection solutions for industrial and commercial applications. The Company's Industrial Business Unit (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. Perceptron'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. Headquartered in Plymouth, Michigan, Perceptron has approximately 225 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China and India.

About MDB
MDB Capital Group LLC is a merchant and investment banking firm focused exclusively on innovative companies which possess intellectual property that enables them to become leaders in their respective technology areas. PatentVest, MDBs proprietary IP intelligence platform, tracks, analyzes and ranks every technology company in the world that owns patents or patent applications.

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 statements regarding the Company's future stock performance, the actual or perceived value of the Company's intellectual property portfolio, and any increase in the Company's revenue or financial results based on its being named to the list of the "Best and Brightest" companies by MDB Capital Group. 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, the performance of other companies named to the "Best and Brightest" list, either currently or in the past, may have no bearing on the Company's performance; the attention drawn to the Company because of its being added to the "Best and Brightest" list, which may be minimal; the actual or perceived value of the Company's intellectual property portfolio; the ability of the Company to protect its intellectual property portfolio or secure additional patents or other intellectual property rights, and; unforeseen technological, intellectual property, supply, personnel or engineering issues; and the additional risks set forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form 10-K for fiscal 2010. 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. MDB Capital Group is independent from the Company, and the Company is not responsible for, nor does it have any control over, any statements, computations or opinions expressed by MDB Capital.

Contact Information

  • Company Contact:
    Perceptron, Inc.
    Jack Lowry
    734-414-6100