PLYMOUTH, MI--(Marketwired - Sep 16, 2014) - Perceptron, Inc. (
Jeffrey M. Armstrong, Perceptron's President and CEO, explained, "Advantage Solutions were developed to offer a powerful, yet economical, option for industrial manufacturers who are in the early stages of adopting an automated dimensional gauging and/or assembly strategy. The scalable nature of Advantage Solutions allows users to begin with a basic configuration that perfectly suits their initial needs and then gradually increases system capability as their quality control strategy evolves over time."
"Advantage Solutions are targeted toward customers who have more basic requirements; are constrained by the initial investment; or are concerned by the potential complexity of migrating to automation. These solutions will serve the needs of regional automotive OEMs in Eastern Europe, China, South America, and India; and they will bring affordable metrology solutions to non-automotive OEMs and component manufacturers globally. Advantage Solutions products play an integral role in our company's ongoing success and future growth by supporting two aspects of our strategy: expand profitably in core markets and pursue prudent diversification. We see this as a significant competitive advantage because we are responding to our customers' needs for lower cost options while major competitors continue to introduce overly complex and expensive solutions."
Advantage Solutions work seamlessly in conjunction with other Perceptron product offerings. So if a customer's needs ever advance to the point that they choose to migrate to a more traditional Enterprise Solution, they are able to build upon their initial investment, re-purpose the existing equipment, and nothing is wasted. Furthermore, Perceptron's strong training and consulting programs help new customers fully utilize the system to maximize the value of their investment. Most importantly, Advantage Solutions offer customers market leading hardware and software backed by the strong customer commitment, global infrastructure, and decades of experience that are inherent to any Perceptron product.
About Perceptron
Perceptron develops, produces, and sells non-contact 3D machine vision solutions for measurement, inspection and robot guidance in industrial applications. Manufacturing companies throughout the world rely on Perceptron's hardware and software solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Perceptron also offers Value Added Services such as training and customer support services. Headquartered in Plymouth, Michigan, Perceptron has approximately 250 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China, and India.
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 ability to successfully develop and introduce new products and expand into new customers and markets. When we use words such as "will," "should," "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. 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. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties in addition to those set forth in the press release, including, but not limited to, those set forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form 10-K for fiscal 2013, the ability of the Company to successfully compete with alternative and similar technologies, the ability of the Company to develop and introduce new products, the ability of the Company to attract and retain key personnel, especially technical personnel, the quality and cost of competitive products already in existence or developed in the future, rapid or unexpected technological changes, and the effect of economic conditions. The ability of the Company to develop and introduce new products, especially in markets outside of automotive, is subject to a number of uncertainties, including general product demand and market acceptance risks, the ability of the Company to resolve technical issues inherent in the development of new products and technologies, the ability of the Company to identify and satisfy market needs, the ability of the Company to identify satisfactory distribution networks, the ability of the Company to develop internally or identify externally high quality cost effective manufacturing capabilities for the products, general product development and commercialization difficulties, and the level of interest existing and potential new customers may have in new products and technologies generally.
Company Contact: Perceptron, Inc. Mark Hoefing (734) 414-6100
