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Cognex Receives $2 Million In Orders For Surface Inspection Systems In China
Cognex Corporation Posted 11/08/2007
NATICK, MA --Cognex Corporation (NASDAQ: CGNX) announced that it has received more than $2 million in bookings for its SmartView® surface inspection system from customers in China during the third quarter.
“All three of China’s largest steel producers have now ordered SmartView systems from Cognex,” said Dr. Robert J. Shillman, Chairman and CEO of Cognex. “One order received in Q3, from BaoSteel, represents the 900th SmartView system sold since Cognex introduced the product in 2000. BaoSteel is China’s largest steel producer, and this order is the first system in a master supply and co-operation agreement that includes an option for nine additional systems.”
Dr. Shillman continued, “Outside of the steel industry, Cognex also sold five SmartView systems to China’s leading copper manufacturer. This success indicates that SmartView is well on its way to becoming the best selling web and surface inspection system in China, as it has already become in North America, Europe and Japan.”
Cognex SmartView is a state-of-the-art surface inspection system that automatically detects, identifies, and classifies defects on the surface of products that are made in a continuous fashion, such as metals, paper, plastics, and nonwovens. Early detection of defects leads to less scrap and greater yield for manufacturers, and enables companies to eliminate low quality material before it is passed on to consumers.
Cognex Corporation designs, develops, manufactures, and markets machine vision sensors and systems, or devices that can 'see.' Cognex vision sensors are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality. Cognex is the world's leader in the machine vision industry, having shipped more than 350,000 machine vision systems, representing over $2 billion in cumulative revenue, since the company's founding in 1981. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices and distributors located throughout North America, Japan, Europe, Asia, and Latin America. For more information about Cognex, visit us on the web at www.cognex.com.