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Cognex and Fuji Resolve Vision Software Patent Dispute.

NATICK, Mass. -- Cognex Corporation (NASDAQ: CGNX) is pleased to announce it has reached a settlement with Fuji Machine Manufacturing Co., Ltd. and its U.S. subsidiary Fuji America Corporation concerning the importation and sale of equipment using machine vision software. Terms of the resolution between the parties were not made public. Cognex's dispute with other machine vision companies continues in the United States International Trade Commission and in the District Court of Massachusetts.

"Cognex is pleased that we could reach a mutually acceptable resolution to the ongoing ITC and District Court matters," said Todd Keebaugh, Cognex Vice President of Legal Affairs. "We value our relationship with Fuji and look forward to the opportunity of working with them to strengthen our business partnership going forward."

About Cognex

Cognex Corporation designs, develops, manufactures and markets machine vision sensors and systems, or devices that can "see." Cognex vision sensors and systems are used in factories around the world where they guide, inspect, gauge, identify and assure the quality of a wide range of items during the manufacturing process. Cognex is the world's leader in the machine vision industry, having shipped more than 500,000 machine vision systems, representing over $2.5 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout North America, Japan, Europe, Asia and Latin America. For details, visit Cognex on-line at http://www.cognex.com.
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Comment:Cognex and Fuji Resolve Vision Software Patent Dispute.
Publication:Business Wire
Geographic Code:1U1MA
Date:Mar 22, 2010
Words:239
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