Cognex and Tencor enter multimillion dollar agreement; Cognex receives purchase order in excess of $3.7 Million.NATICK, Mass.--(BUSINESS WIRE)--Jan. 4, 1996-- 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 the Prometrix division of Tencor Instruments, a Mountain View, CA-based manufacturer of inspection and measurement systems for semiconductor production. Under the agreement, the Prometrix division expects to purchase more than $3.7 million of Cognex 5000 Series machine vision systems over the next 18 months. Tencor integrates the Cognex vision systems into its Prometrix wafer metrology systems that measure the thickness of films that are placed on semiconductor wafers during manufacturing. The Cognex vision system will be used to automatically align each wafer prior to thin film measurement to ensure accurate results. "Cognex has been a valued supplier for more than five years. This contract demonstrates our continued confidence in Cognex's machine vision products," said Jeannine Sargent, Director of Marketing for the Prometrix division. Tencor Instruments, founded in 1976, is a recognized leader in the design and manufacture of innovative wafer defect inspection, software-based yield management, thin film measurement, and metrology systems used in semiconductor manufacturing and related industries. Corporate offices are located in Mountain View and Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , with sales and service offices worldwide. Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can "see," which are used to automate a wide range of manufacturing processes where vision is required. Cognex is the world's leader in the machine vision industry, having shipped more than 35,000 machine vision systems to date. In addition to its 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 , the company has remote offices located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, 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. , and in Japan, as well as a Portland, Oregon-based division - Acumen, Inc. - which specializes in semiconductor wafer identification. CONTACT: Kathy Bedrosian Corporate Communications Manager Cognex Corporation (508) 650-3000, ext. 3352 |
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