PLYMOUTH, MI--(Marketwired - Sep 23, 2013) - Perceptron, Inc. (NASDAQ: PRCP), a leading provider of information-based process improvement solutions for non-contact measurement and inspection applications, today announced that it has received a second Helix order from a Japanese Original Equipment Manufacturer ('OEM') for in-line dimensional gauging. The first order from this customer was for a system at a manufacturing plant in the United Kingdom and was received in May 2013. This new order is for a manufacturing facility located in China.
Harry T. Rittenour, Perceptron's President and CEO, said, "As I mentioned in our fourth quarter and fiscal year 2013 earnings call, this is significant for our company as it represents a follow-on order from this particular Japanese manufacturer and utilizes our Helix hardware and software platform. The first customer order was what we refer to as a 'hybrid' system because it utilized robot mounted Helix sensors to measure dimensional features on the car body and fixed Tri-cam sensors to 'optically' locate the part using our Visual Fixturing technology. This new order is also a hybrid system, utilizing both fixed and robot mounted sensors, but in this case all of the sensors are Helix."
JP LaForest Perceptron's Managing Director for Asia added, "Our Helix technology, and our Teams located in Japan, the U.S. and China, all played an important part in winning this order. Installation of the second order is expected to begin in approximately December of this year. We continue to work closely with our customer and are hopeful that successful installations of these two orders will lead to future business with this particular OEM."
Perceptron develops, produces, and sells non-contact measurement and inspection solutions for industrial applications. The Company's 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 the costs associated with variation in the manufacturing process. Perceptron also offers Value Added Services such as training and customer support services. Headquartered in Plymouth, Michigan, Perceptron has approximately 235 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 2012, 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.