Press Release

Perceptron® is Preferred Supplier for Closure Panel Insertion

Longstanding European Client Orders Three New Helix® Robot Guidance Systems

Company Release - 12/21/2016 1:08 PM ET

PLYMOUTH, Mich., Dec. 21, 2016 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, announced that a premier European automotive manufacturer has placed an order for three new Helix® robot guidance systems, extending a longstanding relationship and continuing to recognize Perceptron’s superior technology and performance.

John M. P. Kearney, Perceptron’s VP and Managing Director of EMEA, commented, “Over the years, we have worked with this manufacturer to optimize their assembly process while evolving our technology to provide the flexibility and information they require to meet and exceed their quality standards. Their continued loyalty over 23 years is proof that Perceptron’s technology and execution is a successful enabler of continuous improvement.”

Perceptron installed its first robot guidance system at the manufacturer’s plant in 1993 and remains their number one choice for automated closure panel insertion. For the latest order, the manufacturer selected Helix® sensors to reduce the total sensor count which results in additional space and more efficient layout around the assembly line.

The Helix® sensors place the front doors, rear doors, and fenders on the vehicle body for multiple models on the same assembly line. Measurements are taken at various stages during the process and used across all systems to calculate the optimal fit for each panel and vehicle. This intelligent process ensures that the variation is distributed across all gaps and results in a well-built vehicle. The three Helix® robot guidance systems will go into production in early 2017.

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 about Perceptron, 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. 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.

Contact:
Investor Relations
investors@perceptron.com

Primary Logo

Source: Perceptron, Inc.