Cognex Surpasses $10 Million in Bookings for DataMan ID Readers.NATICK, Mass. -- 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) announced today that it has surpassed $10 million in bookings for its DataMan[R] ID code readers and verifiers since January 1, 2007. The Cognex DataMan family of ID code readers was introduced in 2005 to provide best-in-class performance for unit-level traceability applications in manufacturing. Cognex DataMan systems are used to read 2D barcodes, such as Data Matrix codes, which are used in a variety of industries to track, identify and manage assets at every stage during the manufacturing process and throughout an item's useful life. ID code reading systems also allow for greater customization during production and handling by enabling automation equipment to process each item in a unique way. "We are very pleased by the healthy growth in demand for Cognex ID products during 2007," said Dr. Robert J. Shillman, Cognex's Chairman and 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. . "Bookings for DataMan have increased by more than 60% compared to the same period in 2006. The range of our ID product offering puts Cognex in a strong position to be the major supplier in the growing movement towards item-level traceability not only in manufacturing, but also in many other areas such as material handling and logistics." Current customers for DataMan include manufacturers of a wide variety of products including electronic components, automotive components, biotech and pharmaceutical products, document handling equipment, postal sortation Identifying objects that are stamped with a bar code and routing them to the appropriate destination. Sortation is typically a high-speed process used in the transportation industry by companies such as Federal Express, UPS and others. See sort and bar code. machinery and numerous suppliers to the Department of Defense. About Cognex Cognex Corporation designs, develops, manufactures and markets machine vision sensors and systems, or devices that can "see." Cognex vision sensors are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality. Cognex is the world's leader in the machine vision industry, having shipped more than 400,000 machine vision systems, representing over $2 billion in cumulative revenue, since the company's founding in 1981. In addition it its corporate headquarters 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 , Cognex also has regional offices and distributors 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, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Visit Cognex on-line at http://www.cognex.com. |
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