Press Release

Perceptron Announces North American Order for Multi-Robot AccuSite®

Accurate In-Line Solution for 100% Measurement of Automotive Assemblies

Company Release - 1/23/2020 5:00 PM ET

PLYMOUTH, Mich., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced receiving an order from a global automotive manufacturer for an absolute accurate in-line system to measure vehicle bodies utilizing Perceptron’s breakthrough AccuSite technology.

“The ability to use multiple trackers combined with the CMM level accuracy AccuSite offers is a game changer for our customers. Accurate, traceable, and fast measurement results on the plant floor provides the information our customers need to automate and simplify their inspection process, troubleshoot problems in real-time, and increase overall productivity,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

For this project, six AccuSite Trackers are used to track four robots equipped with Helixevo sensors scanning seventy-five features on the complete Body-In-White assembly. AccuSite provides the ability to automatically scan surfaces and measure discrete features at line speed to CMM level accuracies using the same sensor and system controller. The AccuSite Trackers continuously monitor and record each robot’s position, removing all robot mechanical and thermal instability from the measurement data. Results are immediately displayed at the station for containment, quality assessment and stored for future part and process analysis with Perceptron’s full suite of data analytics.

Van Valkenburg added, “Another differentiator for winning this project was Perceptron’s ability to use the customer’s pre-defined robot and communication standards instead of expecting the customer to compromise and use a ‘one size fits all’ system. Perceptron has put nearly 40 years of innovation and customer feedback designing, manufacturing, installing, and supporting non-contact metrology and robot guidance systems on the plant floor into AccuSite making it a zero-compromise solution for our customers and partners.”

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, 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 “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” 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 risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in “Item 1A – Risk Factors” of our Annual Report on Form 10-K for fiscal 2019 and of our Quarterly Reports on Form 10-Q.  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.