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Perceptron Receives Order for 24 AutoGauge® In-Line Systems with New AccuSite™ Technology

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PLYMOUTH, Mich., Aug. 27, 2018 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced an order of 24 AutoGauge® systems with AccuSite™ technology for the accurate, in-line measurement of closure panels by a premium global automotive manufacturer.

"These 24 AutoGauge® systems utilize Perceptron's latest AccuSite™ optical tracking technology and Helix®evo 3D scanning sensor to remove the robot's limited accuracy from the system performance.  An absolute accurate system eliminates the need to perform expensive and time-consuming data correlation events with other devices, providing accuracy to the operator on the first part for making critical high-speed, data-driven decisions," said Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

Perceptron has combined over 30 years of metrology and manufacturing experience to create a truly absolute, correlation-free robotic measurement solution. As the Helix®evo sensor scans various features on the closures, the AccuSite™ tracker instantly locates the sensor and records its exact location and orientation in space. The AccuSite™ option only requires the robot to be a simple mover and eliminates all mechanical drift and temperature influence from the measurement results, without markers or other part preparation.

Van Valkenburg added, "We have received many requests from our customers around the globe for this add-on solution, and are in the process of installing the first six of these systems in Europe. AutoGauge® with AccuSite™ will provide high value part inspection, optimizing the customer's vehicle launch and continuing to increase ROI throughout the vehicle lifecycle with auditing, troubleshooting, and process monitoring."

About Perceptron
Perceptron (NASDAQ:PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron's metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Slovakia, Spain and the United Kingdom.  For more information, please visit www.perceptron.com.

Safe Harbor Statement
Certain statements in this press release may be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, including the Company's expectation relating to the ability to successfully develop and introduce new products and expand into new customers and markets.  Whenever possible, we have identified these forward-looking statements by words such as "target," "will," "should," "could," "believes," "expects," "anticipates," "aspirations," "estimates," "prospects," "outlook," "guidance" or similar expressions.  We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. While we believe that our forward-looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in "Item 1A – Risk Factors" of our Annual Report on Form 10-K for fiscal 2017 and of our Quarterly Reports on Form 10-Q.  Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.

Contact:
Investor Relations
investors@perceptron.com 

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