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PERCEPTRON COMPLETES PLACEMENT OF COMMON STOCK

 FARMINGTON HILLS, Mich., Jan. 4 /PRNewswire/ -- Perceptron, Inc. (NASDAQ: PRCP) announced today that on Dec. 31, 1993, it completed a private placement of 300,000 shares of common stock. Specific terms of the transaction also included, among other things, certain registration rights and a related repurchase obligation. Offering proceeds which approximated $3.4 million, net of expenses, will be used for general working capital purposes.
 Perceptron, Inc. provides three-dimensional imaging solutions through the development and marketing of non-contact measurement and guidance systems. Its laser-based datacameras, image-processing hardware and proprietary software are used by leading auto makers, automation system companies and other manufacturers in object recognition, measurement, guidance and inspection applications. Perceptron products are marketed in North America, Europe and Asia.
 -0- 1/4/94
 /CONTACT: James A. Ratigan, executive VP-finance and operations of Perceptron, 810-478-7710, or Cara R. Kiewel of Edelman Worldwide, 212-704-8187/
 (PRCP)


CO: Perceptron, Inc. ST: Michigan IN: CPR SU: OFR

WB-CK -- NY041 -- 8981 01/04/94 15:08 EST
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Publication:PR Newswire
Date:Jan 4, 1994
Words:162
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