PLYMOUTH, Mich., Sept. 14, 2017 -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, announced that a prominent global automotive manufacturer selected Perceptron as their preferred supplier for in-line dimensional gauging systems in Europe over the next three years.
“This order is a strategic win for Perceptron and reinforces our unique competitive advantage in the automated inspection market,” commented Franck Bougon, Perceptron’s EMEA Director of Sales and Marketing. “With each new order, we continue to prove our leadership role in 100 percent in-line inspections, testing well above our peers in extensive head-to-head benchmarking.”
“A key market differentiator is our Absolute Accurate system,” added Bougon. “Absolute Accuracy ensures optimal system performance and provides immediate quality information from the first part measured. The added value this capability brings – specifically for new model launch projects – sets Perceptron apart for current projects as well as future project wins.”
Installation is progressing for two plants which will receive multiple Helix gauging systems to automatically measure, record, and provide real-time feedback on key dimensional aspects of the vehicle from initial launch to full production. The systems will also be connected to Perceptron’s Central Server for high-level management process monitoring and reporting. All stations for the first plant are scheduled to be completed by early 2018.
Helix is Perceptron’s family of 3D scanning sensors that incorporates state of the art technology with sophisticated optics and mechanics. The laser line quantity, density, length and orientation characteristics are all user configurable and eliminate the need to physically move the sensor over the part while scanning. This flexibility enables scanning of multiple features from a single sensor position. Helix is designed for fast and precise measurement of complex geometries on the plant floor.
About Perceptron
Perceptron (NASDAQ:PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron's metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Singapore, Slovakia, Spain and the United Kingdom. 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 expectation relating to the 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," "prospects" 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. While we believe that our forward-looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the Company's projected revenues and net income depends upon the Company's ability to successfully develop and introduce new products. Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.
Company Contact: Investor Relations Perceptron, Inc. (734) 414-6100


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