Press Release

Perceptron® Expands Frame Measurement Success

Longstanding Tier 1 Customer Selects Dimensional Gauging Solutions for European Plants

Company Release - 3/30/2017 4:05 PM ET

PLYMOUTH, Mich., March 30, 2017 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, announced that a longstanding North American Tier 1 customer placed orders for Helix® dimensional gauging solutions in several European facilities.

“Perceptron has successfully installed over sixty measurement systems for this particular Tier 1 customer in North America and we are excited to leverage this success and expand into their European facilities,” commented Rick Van Valkenburg, Perceptron Vice President of Global Sales and Marketing.

Frames and cradles are a critical part of the vehicle and undergo an intricate assembly process before they are delivered to the OEM. Perceptron solutions provide benefits to both the supplier and the OEM including reduced scrap and rework costs for the supplier and quality assurance for the OEM.

Van Valkenburg added, “We continue to see more and more OEMs requiring 100 percent measurement from their high-value part suppliers. The confidence Perceptron has established at the OEM level is transcending down the supply chain.”

The latest project involves a flexible configuration with two robot-mounted Helix sensors providing real-time process information for more than 100 geometry features in addition to 170 studs. All measurements are taken and reported in less than eight minutes. Perceptron’s stud scanning capability, measurement speed, and Helix technology made Perceptron the obvious choice. The station is currently being designed, with installation scheduled for summer of 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.

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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.

Contact:
Investor Relations
investors@perceptron.com

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Source: Perceptron, Inc.