Cognex Corporation Receives Purchase Order for Over $6 Million From Shinkawa.Business/Technology Editors NATICK, Mass.--(BUSINESS WIRE)--May 3, 2000 Cognex Corporation Cognex Corporation is an American corporation that manufactures commercial machine vision systems. Cognex is the world leader in its field, holding an array of patents and employing academic experts. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CGNX), the world's leading supplier of machine vision systems, has received a purchase order for more than $6 million from Shinkawa, Ltd., a leading Japan-based manufacturer of semiconductor production equipment. Shinkawa expects to take delivery of all of the Cognex machine vision systems within the next six months. This $6 million order is in addition to a purchase order for nearly $12 million received from Shinkawa less than a year ago. That order, which was the largest single purchase order received in Cognex's history, was originally expected to ship through the end of 2000. Since placing that order, however, Shinkawa has accelerated their delivery requirements The stipulation that requires that an item of materiel must be delivered in the total quantity required by the date required. , and as a result that order was completed much sooner than expected. "The fact that Shinkawa has exhausted last June's record-breaking order in less than half the expected time is another example of the strong demand currently being experienced by semiconductor capital equipment makers," said Dr. Robert J. Shillman, Cognex's President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Chairman. "And, as a key supplier to these capital equipment manufacturers, this increased demand has accelerated our growth dramatically." Shinkawa will integrate the Cognex vision systems into their wire bonding Wire bonding is a method of making interconnections between a microchip and other electronics as part of semiconductor device fabrication. The wire is generally made up of one of the following:
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 to date more than 100,000 machine vision systems. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts Natick (Pronunciation IPA: /ˈneɪtɪk/) is a town in Middlesex County, Massachusetts, United States. Natick is located near the center of the MetroWest region of Massachusetts, with a population of 32,170 at the , specializes in machine vision systems which 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 Alameda is a city in Alameda County, California, United States. It is located on a small island of the same name next to Oakland, California in the San Francisco Bay. An additional part of the city is Bay Farm Island, which is adjacent to the Oakland International Airport. , specializes in machine vision systems which 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Japan, Europe, and Southeast Asia. Visit Cognex on-line at http://www.cognex.com. |
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