Cognex Enters Into OEM Agreement With Samsung Worth Over $1 Million.Business/Technology Editors NATICK, Mass.--(BUSINESS WIRE)--Aug. 21, 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 entered into an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement with Samsung Techwin, a leading manufacturer of capital equipment for the semiconductor, digital imaging, aviation, and defense industries, and a fast-growing division of Samsung, one of the largest corporations in Korea. Under the agreement, Samsung is expected to purchase approximately $1.25 Million worth of Cognex machine vision systems over the next two years. The Cognex vision systems will be used in wire bonders--automated machines that guide the connection of ultra-thin wires from semiconductor dies to leadframes. The Cognex systems automatically determine where the connections between the die and the leadframe are to be made and then communicate that information to the wire bonder. "As a long-time Cognex customer, we again selected Cognex for its high-performance, robust software solutions," said Jung-Duk Kim, General Manager of Samsung Techwin. "The superior ability of Cognex machine vision systems to locate items at any angle or magnification Magnification A measure of the effectiveness of an optical system in enlarging or reducing an image. For an optical system that forms a real image, such a measure is the lateral magnification m has helped our customers better meet the challenges of today's semiconductor manufacturing processes." Formerly called Samsung Aerospace Industries, Korea-based Samsung Techwin is a division of Samsung International, one of the world's leading high technology companies. Samsung Techwin is an international manufacturer concentrating on semiconductor systems, optics and digital imaging, engines and turbo machinery, defense-related programs, and aviation. 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 100,000 machine vision systems, representing over $1 Billion in cumulative revenue, since the company's founding in 1981. 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 Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . Visit Cognex on-line at http://www.cognex.com. |
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