Perceptron Announces North American Order for Multi-Robot AccuSite (January 23, 2020)

Perceptron Announces North American Order for Multi-Robot AccuSite®

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

PLYMOUTH, Mich., January 23, 2020 — 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.

Perceptron Announces Order for AccuSite® in Robot Guidance Application (January 9, 2020)

Perceptron Announces Order for AccuSite® in Robot Guidance Application

Optical Tracking Improves Productivity for Robotic Manufacturing

PLYMOUTH, Mich., January 9, 2020 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced receiving an order for nine AccuSite® optical tracking systems for precision robot guidance and metrology applications.

“Perceptron continues to innovate with our manufacturing partners by developing technology to maximize solution value. We have expanded our AccuSite technology beyond accurate in-line metrology to provide the greatest possible precision for robot guidance applications,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

In robot guidance applications no part is perfect, and no process is perfect; therefore, there are two goals to achieve optimal part placement. Goal one is removing the variation introduced by these two factors. To achieve this, Helix sensors are installed around the assembly to measure key locating features and then send an offset to the robot to correctly place the part in the assembly. Goal two is removing the variation caused by any changes in the robot due to temperature and mechanical drift. An AccuSite Star is mounted on the robot’s end-of-arm tooling and the AccuSite Tracker captures its precise position. Based on this measurement, a secondary offset is calculated and sent to the robot ensuring precise placement.

Van Valkenburg added, “Perceptron provides the most flexible set of solutions in the industry allowing for the implementation of state-of-the-art applications like this one. In this project we are utilizing fixed and robot mounted sensors, absolute accurate optical tracking, and data sharing across systems to minimize sensor count and footprint, improve overall system performance, and reduce measurement cycle times.”

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

Perceptron Names Bill Roeschlein Interim Vice President, Finance and CFO (January 7, 2020)

Perceptron Names Bill Roeschlein Interim Vice President, Finance and Chief Financial Officer

PLYMOUTH, Mich., Jan. 07, 2020 — Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced that Bill Roeschlein has been named Interim Vice President, Finance and Chief Financial Officer, effective January 7, 2020.  Mr. Roeschlein will report directly to Jay Freeland, Chairman of the Board and Interim President and Chief Executive Officer.  The Company plans to initiate a search for a permanent CFO under the guidance and direction of Perceptron’s Board of Directors.

“Perceptron is a well-established brand in the global metrology market, one led by a first-class board of directors committed to maximizing shareholder value,” stated Bill Roeschlein, Interim Vice President, Finance and Chief Financial Officer of Perceptron.  “I am excited to join the management team as together we position the Company for its next phase of growth.”

“Bill is an outstanding talent, one whose experience as a former CFO of several publicly-traded technology companies position him as an ideal interim fit during this transitional period,” stated Jay Freeland, Chairman and Interim President and CEO of Perceptron.  “At a strategic level, we remain focused on a combination of targeted sales growth and cost reductions throughout our organizational structure, the combination of which position us to drive margin expansion moving forward.”

Mr. Roeschlein has over 25 years of experience leading finance organizations at companies of all sizes.  Previously, he served as Chief Financial Officer for Intermolecular until its recent acquisition by Merck KGaA, Darmstadt, Germany.  Earlier, he served as Chief Financial Officer for Power Integrations and Selectica, Inc., both formerly listed public companies.  He has also served in multiple finance leadership roles with other global companies.  He started his career at Coopers & Lybrand after receiving his BA in Business from UCLA.  Mr. Roeschlein also has an MBA from Cornell University.

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 our expectation as to our fiscal year 2020 and future results, operating data, new order bookings, revenue, expenses, net income and backlog levels, trends affecting our future revenue levels, the rate of new orders, the timing of revenue and net income increases from new products which we have recently released or have not yet released, the timing of the introduction of new products and our ability to fund our fiscal year 2020 and future cash flow requirements.  Whenever possible, we have identified these forward-looking statements by words such as “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” or similar expressions.  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.  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 First Order for Multi-Robot AccuSite (Dec. 19, 2019)

Perceptron Announces First Order for Multi-Robot AccuSite®

Absolute Accurate Solution for In-Line Metrology

PLYMOUTH, Mich., December 19, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced receiving their first order for a two-robot AccuSite® optical tracking solution for in-line metrology.

“The AccuSite architecture supports multiple Trackers allowing us to accurately track up to eight robots in a cell. All Trackers and robots are connected to each other, providing maximum flexibility in system design and layout. Measuring in-line is the most cost-effective solution for quality control. No manpower is needed to load parts or put them back into the process once measurement is complete. There is no need for dedicated CMM fixtures or CMM correlation since AccuSite provides traceable measurement directly in the manufacturing process,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

Perceptron has combined over 35 years of metrology and manufacturing experience to create a truly absolute, no-compromise automated metrology solution that is designed for the plant floor. Paired with Perceptron’s Helix®evo sensors, the system can produce scan data or measure features like threaded holes, studs and edges with no targets, inserts, or sprays. AccuSite turns the robots into simple movers by eliminating all the robots’ mechanical drift and temperature influence from the measurement results, in real-time through a single interface.

Van Valkenburg added, “We have received our first order for a two-robot in-line AccuSite solution measuring battery carriers for a new electric vehicle. This project requires measurement of over 60 features measured within 70 seconds. The accuracy and measurement throughput requirements were only achievable with Perceptron’s multi-robot AccuSite solution.”

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

Perceptron Announces Global Alliance with Coherix for Bead Inspection (Nov. 21, 2019)

Perceptron Announces Global Alliance with Coherix for Bead Inspection

Partnership to leverage strengths of two leading vision manufacturers

PLYMOUTH, Mich., November 21, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D Vision for robot guidance, automated metrology solutions, and coordinate measuring machines, today announced a new commercial partnership with Coherix Inc. Headquartered in neighboring Ann Arbor, Michigan, Coherix develops and manufactures high speed, high definition 3D machine vision solutions for semiconductor, electronics, and automotive applications.

Coherix is well positioned to take advantage of automotive manufacturers’ transformation from vehicle welding to the use of highly engineered glues called structural adhesives. The shift to adhesives allows for light-weighting and higher structural integrity when joining parts made from dissimilar structural materials, resulting in increased rigidity that delivers significantly improved safety and drivability. Dozens of adhesive dispensing systems are deployed in each premium vehicle manufacturing line and adhesives are increasingly relied on in all new vehicle programs to deliver similar advantages.

These advantages, including safety, quality, and cost savings goals, are driving the adoption of 3D inspection and process controls across automotive OEMs and Tier suppliers. Coherix’s Predator3D™ laser-based solution is installed directly on adhesive dispensing nozzles to provide real-time 3D inspection, visualization, and process control for the adhesive and sealant dispensing process, while ensuring the right volume of adhesive is placed in the right location.

“The commercial alliance with Coherix leverages the global reach of Perceptron to accelerate the adoption of this unique 3D product, while complementing our product portfolio for robot guidance and in-line automated metrology,” said Perceptron’s Chairman of the Board Jay Freeland, who is also serving as Interim President and Chief Executive Officer. “Dwight Carlson will be a great partner and asset for our team, as he has a storied history and great familiarity with our company, serving as founder, CEO and President of Perceptron from 1981 to 1996.”

“We are delighted to launch this global commercial alliance with Perceptron,” added Dwight Carlson, founder, Chairman and CEO of Coherix. “Perceptron has a great reputation and brand recognition with all our current and prospective global automotive customers. The combination of 3D Machine Vision expertise across both companies, with many team members boasting over 30 years of industry experience, brings significantly higher value to our customers.”

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.

About Coherix

Coherix, Inc. develops and manufactures 3D vision – Eyes for Robots – that enable customers to manage manufacturing processes. Coherix produces the highest performance solutions which also have the lowest Total Cost of Ownership. Our customers are in the automotive, semiconductor, and electronics industries. Coherix customers are large global end-users, line builders, dispensing equipment companies, and vision integrators.  These customers demand 100 percent reliability.  Headquartered in Ann Arbor, Michigan, the company has operations in the United States, China, Germany, Singapore, and Japan.

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.