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Cognex Receives Record Order from Leading Japanese Paper Manufacturer

Cognex Corporation


NATICK, Mass.--(BUSINESS WIRE)--July 2, 2004--Cognex Corporation (NASDAQ: CGNX), the world's leading supplier of machine vision systems, announced today that its Surface Inspection Systems Division has received a record order from Oji Paper, a leading Japanese paper manufacturer.

Oji Paper purchased five systems in a single purchase order; the order consists of two SmartView® Paper Web Inspection Systems and three SmartView® Winder Advisor Systems for Oji's paper machines at its Yonago, Japan mill. The SmartView Paper Web Inspection System operates in real time to inspect, categorize and visualize defects on a wide array of paper products helping paper manufacturers to significantly reduce waste and downtime on their production lines and to provide higher quality products to their customers. The Winder Advisor locates the exact position of defects during the paper re-reeling process and automatically stops the winder precisely at selected defects so that they can be removed. The Winder Advisor makes the post-process step more efficient for the manufacturer.

‘‘We purchased and installed Cognex's SmartView Winder Advisor System into a production line that already has a Cognex SmartView web inspection system, and the results were very positive,’‘ said a representative from the Oji production team. ‘‘Based on those results, we purchased these additional systems from Cognex to help us achieve similar savings on our other lines.’‘

‘‘This large order from Oji Paper is a testament to the lower production costs and higher quality that our customers are able to achieve with Cognex machine vision systems,’‘ said Markku Jaaskelainen, Senior VP and General Manager of Cognex's Surface Inspection Systems Division.

About Oji Paper Co., Ltd.
Oji Paper Co., Ltd. is a leading Japanese paper and end-use product supplier. It is involved in the conversion/processing and sales of a wide variety of paper products including; printing and writing paper, packaging and wrapping papers, carbonless papers, household products, containerboard and boxboard. It produces and sells end-use products such as corrugated board and boxboard containers, paper-board containers, plastics, thermal paper, self-adhesive paper and disposable paper diapers, as well as the chemicals for paper-making and packaging equipment. It maintains company-owned forests and is involved in reforestation efforts both in Japan and overseas.

About Cognex
Cognex Corporation designs, develops, manufactures and markets machine vision systems, or computers that can ‘‘see.’‘ Cognex is the world's leader in the machine vision industry, having shipped more than 200,000 machine vision systems, representing over $1.5 billion in cumulative revenue, since the company's founding in 1981. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex's Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, paper and plastics. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices located throughout North America, Japan, Europe, and Southeast Asia. Visit Cognex online at http://www.cognex.com

Cognex Corporation
Jim Montalto

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