Anyone still have PRCP? Up over 20% on good news with German car company. I thought about buying a few at the open and am now kicking myself. Didn't think it would hit $17! Having the words 3D in the PR not hurting. Haha
Premium German Automotive Manufacturer Chooses Perceptron(R) Helix(R) Technology for New Model Launch
Marketwired
PLYMOUTH, MI--(Marketwired - Jan 9, 2014) - Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of real time, non-contact 3D measurement, inspection, and automation solutions, announced that, starting in March 2014, it expects to begin shipping 45 inline gauging systems to a premium German automotive manufacturer. This project represents the largest single location deployment to date of Helix®, Perceptron's revolutionary real time 3D scanning technology. Perceptron's systems will be strategically distributed throughout the production plant to automatically measure, record, and provide real time feedback on key dimensional aspects of the vehicle during the entire manufacturing process.
John Kearney, Perceptron's Vice President and Managing Director for Europe, said, "We worked closely with our customer to develop and implement a solution that met their exacting requirements. A key factor in the customer's decision to choose Helix® for several of these applications was our ability to provide three-dimensional data clouds, in real time, as the vehicle moves down the manufacturing line. Real time monitoring and feedback is a significant differentiator for us in the European market and is highly valued by our customers." Kearney went on to add, "A key new feature in our Vector™ software is the ability to directly employ the manufacturer's Computer Aided Design (CAD) files so the system knows exactly what to expect, and analyze, before the first component is ever seen on the production line. This unique 'configure to CAD' (C2C™) feature will enable the systems to take part measurements earlier in the launch process and allows the customer to introduce future model derivatives basically 'on-the-fly.'"
Jeffrey M. Armstrong, Perceptron's President and CEO, concluded, "Perceptron is the leader in the premium automotive market where fit, finish, and highly automated production are prized by the OEMs. Our industrial measurement solutions enable them to consistently meet their stringent quality standards while minimizing scrap and rework. We believe this strong, ongoing relationship with a very well regarded European premium car maker is enabled by our leading technology, a strong customer focus, and our ability to support them as they continue to expand globally."
About Perceptron
Perceptron develops, produces, and sells non-contact 3D machine vision solutions for measurement, inspection, and robot guidance in industrial applications. Manufacturing companies throughout the world rely on Perceptron's hardware and software solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Perceptron also offers Value Added Services such as training and customer support services. Headquartered in Plymouth, Michigan, Perceptron has approximately 240 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.
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," "plans," 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 2013, 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:
Company
Perceptron, Inc.
Sylvia Smith
(734) 414-6100
