Perceptron Wins AutoGauge®ACF Order at Global Appliance Manufacturer (Aug. 22, 2019)

Perceptron Wins AutoGauge®ACF Order at Global Appliance Manufacturer

New Order for Flexible Near-Line Station Emphasizes Company’s Pursuit for Growth in Adjacent Industries

PLYMOUTH, Mich., August 22, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced it received an order from a leading global appliance manufacturer to measure oven cavities.

“Manufacturers are often looking for a partner to help them automate their measurement in the most efficient way,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron. “This specific manufacturer turned to Perceptron based on our extensive experience with high-speed measurement in the automotive industry. Their pursuit of automation in their manufacturing process made measuring on the plant floor the next logical step and Perceptron the most suitable solution.”

The turnkey system consists of a robot, a single Helix-evo sensor, and a portable base for movement around the manufacturing floor. The cavities will be measured at multiple points in the manufacturing process to ensure proper build dimensions. This allows the manufacturer to root cause any variation their build process is adding to the assembly. For example, the oven cavities can be measured in their raw metal state and again after the enamel is baked on to determine if the enamel application caused dimensional changes. The Helixevo sensor has the dynamic range to easily handle the different material finishes.

As emphasized through industry veteran Jay Freeland’s appointment as Chairman of the Board, Perceptron continues to focus on core competencies and market share penetration within the automotive industry, while pursuing growth within adjacent industries as well.

“Perceptron’s robust technology and automotive experience was instrumental in establishing this relationship,” continued Van Valkenburg. “Our proven plant floor technology and execution team is designed and trained to provide solutions for high throughput manufacturing facilities where quality and time is critical.”

The system is currently in design with installation scheduled for winter 2019.

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.

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 2018. 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.

Perceptron Announces In-Line Bookings in North America (July 29, 2019)

Perceptron Announces In-Line Bookings in North America New Order for 13 Systems to Measure New Vehicle Platform

PLYMOUTH, Mich., July 29, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced it has received an order for 13 systems from a prominent North American OEM for their  upcoming 2021 model year vehicle launch.

“We continue to see significant interest in our technology throughout the Americas and with both current and prospective customers,” Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron, commented. “Parallel to this demand, we remain committed to our established development path and continuously improving our product line. This order includes nine robot guidance systems, three automated metrology stations and one gap and flush system. All systems are in-line, measuring or guiding 100 percent of production on every model manufactured at the OEM plant.”

Robot guidance applications include net form and pierce, hinge attachment, roof load, door load and liftgate load; while automated metrology systems measure the rails, underbody, pallet; and gap and flush station for closure panel fit. Perceptron utilizes a combination of robot mounted and structure mounted Helix-evo and Helix-solo sensors to perform the required 10 to 70 measurements per station.

“Perceptron’s experience, accuracy, and reliability are competitive advantages that helped secure this order,” added Van Valkenburg. “All of the stations are connected to exchange data as ‘virtual measurements’ for the next assembly operation, decreasing redundant measurements and sensor count. This capability of using robotic, structure, and virtual measurements significantly reduces the cycle time and enables significant cost savings for our OEM partners.”

All systems are currently in design with installation scheduled for Fall 2019.

 

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. 

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 2018.  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.

Perceptron Announces Robot Guidance Orders for Electric Vehicle Production (July 22, 2019)

Perceptron Announces Robot Guidance Orders for Electric Vehicle Production

Offers Accurate and Flexible Automated Solution for Battery Pack Insertion

PLYMOUTH, Mich., July 22, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced it has received two robot guidance orders involving battery packs from two different OEM partners.

Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron, commented, “The wide-sweeping revolution of electric vehicle production provides new challenges for our OEM partners and an opportunity for Perceptron to help solve those challenges. The need for large battery packs that are awkward, heavy and expensive, make their insertion into the vehicle a perfect application for Perceptron’s automated solution compared to a manual operation. These batteries are also the heart of an electric vehicle, so the accurate, robust, and flexible system that we provide is critical.”

“Perceptron is well positioned for the future due to our ongoing investments in new product innovation and development,” said David Watza, President and CEO of Perceptron. “There is a dramatic strategic change in the product planning of the automotive industry to autonomous and electric vehicles. We believe our early start on our strategic development path will position Perceptron to capitalize on and benefit from these changes in both the near future, as we’re seeing with these orders, and longer term.”

Perceptron’s first robot guidance application utilizes two gripper mounted Helixevo sensors to unload battery packs from an automatic guided vehicle (AGV) and places them on a pallet and into the manufacturing line. The AGV’s position can vary, making the sensors’ large measurement volume critical for sensing and locating the battery for proper pickup. The pallet’s position can also vary and locating pins on the pallet are measured to avoid collision and guarantee an optimized placement before releasing the battery pack. This operation is incredibly efficient, with measurement completion in less than 30 seconds.

The Company’s second robot guidance application also uses two gripper mounted Helixevo sensors. The sensors provide a variety of capabilities, including measurement of the battery pack and the ability to pick it up, move it to the vehicle, measure the vehicle, calculate an adjusted path, send the new path to the robot, and finally place the battery pack inside the vehicle. This whole process provides customers with maximum efficiency and accuracy compared to manual operation. The sensors’ measurement of both the battery pack and the vehicle, while accounting for the part and process variation of the battery and vehicle, ensures the ideal matchup of components.

The first project is currently being installed and the second project is scheduled for Fall 2019.

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.

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 2018.  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

Perceptron Announces New Gap and Flush Solution for Transparent Head and Tail Lamps (Feb. 19, 2019)

Perceptron Announces New Gap and Flush Solution for Transparent Head and Tail Lamps

PLYMOUTH, Mich., Feb. 19, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced the release of its revolutionary AutoFit® solution for gap and flush measurement on transparent head lamps and tail lamps, chrome trim, and painted surfaces.

Perceptron’s AutoFit® solution pairs its new Helixsolo sensor family with an accurate algorithm suite for best-in-class gap and flush measurement results on all the critical parts that define the fit and finish of the complete car. Helixsolo is a full set of non-contact, laser-line sensors built for the plant floor with an IP67-rated housing. A high-resolution camera and multiple laser color options offer unparalleled return images on challenging materials without applying sprays, stickers or additional part preparation required by many vision technologies. The enhanced algorithm suite provides new measurement options and no longer requires a second validation device, delivering increased efficiencies and cost reductions for customers. The algorithms have been thoroughly tested against the automotive quality leaders’ fit and finish measurement standards and are approved for upcoming projects.

“Perceptron’s Helixsolo sensors unique pairing with the new algorithm suite vastly improves the value proposition for 100-percent gap and flush measurement in final assembly. The four corners of the car are critical to the finished vehicle’s appearance. If you consider the traditional head lamp, it must fit perfectly to the hood, the front fender, and the grill. Our differentiated ability to accurately measure the fit of the head lamps and tail lamps to all surrounding trim and painted surfaces helps our customers ensure optimal fit and finish,” said Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron. “We have demonstrated the new AutoFit® solution to a variety of customers, receiving positive feedback, and are in the process of installing the first system.”

Distinctively, the AutoFit® solution is robot independent and supports standard industrial robots and collaborative robots. Depending on customer requests and applications, AutoFit® can be installed as a stop station or as a moving line where the measurements are taken as the part continuously moves along the manufacturing line. In both situations, the measurement results are presented on large displays above the system and provide guidance to the operator, soliciting efficient analysis and accurate adjustments.

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.

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 2018. 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.

Perceptron Announces Latest Addition to 3D Scanner Family (Dec. 12, 2018)

Perceptron Announces Latest Addition to 3D Scanner Family
Versatile, Blue Laser Line Scanner Optimized for Coordinate Measuring Machines

PLYMOUTH, Mich., Dec. 12, 2018 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, announced the release of the V7, the latest generation of its laser line scanner, which features a blue laser, high acquisition rate and large field-of-view.

Perceptron has been developing laser line scanners and sensors for more than 30 years, and the V7 is the latest sensor in the family. The V7 seamlessly integrates into Perceptron’s TouchDMIS software for both point cloud acquisition as well as feature extraction. The V7 offers customers increased accuracy and faster inspection. The V7 sensor’s blue laser line creates a unique value proposition by capturing accurate data on a multitude of difficult materials, including dark and reflective surfaces without the typical powder spray or stickering. The V7 scanner combined with a Coordinate Measuring Machine (CMM) and TouchDMIS software form a complete and seamless product offering for measurement and reverse engineering applications.

“The V7 scanner is a versatile tool for CMM users to quickly scan features and freeform surfaces,” said Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron. “The ability to optimize the scanner, software and CMM provides the best possible solution for our customers. Perceptron’s three decades of experience with measurement algorithms enables us to generate pristine point clouds for reverse engineering and provide rapid feature measurement directly in TouchDMIS with the V7 sensor.”

Perceptron has already accepted three orders for the V7, and customer delivery is scheduled at the end of the month.

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.

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 2018.  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.