Cognex Surpasses a Quarter of a Billion Dollars in Cumulative Bookings for In-Sight.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), the world's leading supplier of machine vision sensors and systems, announced today that it has surpassed $250,000,000 in cumulative bookings for its In-Sight(R) vision sensor. In-Sight is the world's only vision sensor that combines ease-of-use, a rugged and compact design with the highest possible level of performance. "Six years after shipping our first In-Sight vision sensor, we continue to see significant yearly growth in bookings and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ," said Dr. Robert J. Shillman, 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. of Cognex. "In fact, In-Sight has experienced an average revenue growth rate of 45% per year since its introduction in 2000, and its success has been a key factor in the growth of Cognex's factory automation business." Dr. Shillman continued, "In order to meet their customers' demands for high quality and low cost products, manufacturers around the world are increasingly relying on machine vision sensors, and the one that is most often specified is In-Sight. We expect that the benefits that In-Sight provides will help drive demand for even greater reliance on Cognex machine vision products in the future." 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 300,000 machine vision systems, representing over $2 billion in cumulative revenue, since the company's founding in 1981. In addition to 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. Visit Cognex on-line at http://www.cognex.com. |
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