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Perceptron(R) Celebrates 30-Year Anniversary(October 26, 2011)
PLYMOUTH, MI -- (Marketwire) -- 10/26/11 -- Perceptron, Inc. (NASDAQ: PRCP) is celebrating its 30-year anniversary in October as the global leader in non-contact measurement and inspection solutions in the automotive industry.
Perceptron was founded in 1981 with the vision of creating a non-contact, 100% measurement solution capable of being deployed in industrial environments. That vision resulted in an innovative solution that not only allowed fast and efficient containment of manufacturing issues, but also enabled the reduction of process variation on a large scale.
Since those pioneering days, Perceptron has successfully built on that strong foundation by continuing to introduce groundbreaking technology into the manufacturing marketplace, expanding its global presence into over 14 countries, and establishing a Commercial Business Unit that develops and manufactures a variety of handheld visual inspection devices and add-on accessories for professional tradespeople.
"We are thrilled to celebrate this significant milestone in our company's history, but at the same time we realize that this achievement would not have been possible without all of the dedicated Perceptron employees, customers, partners, and shareholders who helped us along the way," commented Harry Rittenour, Perceptron's President and Chief Executive Officer. "Their loyalty, integrity, and commitment are what we commemorate today."
Presently, Perceptron's Industrial Business Unit is in the process of introducing its Helix 3D metrology solution, a breakthrough in the world of inspection and dimensional gauging. "We believe that the future holds a lot of new opportunities for Perceptron and we look forward with anticipation to the next 30 years of innovation," added Rittenour.
Perceptron develops, produces, and sells non-contact measurement and inspection solutions for industrial and commercial applications. The products from the Company's Industrial Business Unit (IBU) provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement and inspection applications. Automotive and manufacturing companies throughout the world rely on Perceptron's metrology solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce overall manufacturing costs. IBU also offers Value Added Services such as training and customer support services. Perceptron's Commercial Products Business Unit (CBU) develops and manufactures a variety of handheld visual inspection devices and add-on accessories for professional tradesmen that are sold to and marketed through strategic partners. Headquartered in Plymouth, Michigan, Perceptron has approximately 230 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China and India. For more information about Perceptron, 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 ability to successfully develop and introduce new products and technologies. When we use words such as "will," "should," "believes," "expects," "anticipates," "estimates" 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. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties in addition to those set forth in the press release, including, but not limited to, those set forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form 10-K for fiscal 2011, the ability of the Company to develop and introduce new products, the ability of the Company to attract and retain key personnel, especially technical personnel, the quality and cost of competitive products already in existence or developed in the future, rapid or unexpected technological changes, and the effect of economic conditions. The ability of the Company to develop and introduce new products, especially in markets outside of automotive, is subject to a number of uncertainties, including general product demand and market acceptance risks, the ability of the Company to resolve technical issues inherent in the development of new products and technologies, the ability of the Company to identify and satisfy market needs, the ability of the Company to identify satisfactory distribution networks, the ability of the Company to develop internally or identify externally high quality cost effective manufacturing capabilities for the products, general product development and commercialization difficulties, and the level of interest existing and potential new customers may have in new products and technologies generally.
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