|By Marketwired .||
|December 4, 2013 09:43 AM EST||
PLYMOUTH, MI -- (Marketwired) -- 12/04/13 -- Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of real time, non-contact measurement and inspection solutions, announced that Perceptron has been recognized by the General Motors Company for providing state-of-the-art measurement technology on the new Corvette program.
Jeffrey M. Armstrong, Perceptron's President and CEO, said, "We are extremely proud that General Motors (GM) selected Perceptron for this landmark endeavor. We have enjoyed a strong relationship supporting GM for many years, and it is gratifying that our 3D industrial measurement systems were specifically identified by GM as being one of four new, critical technologies that enabled GM to produce the 'strongest and most precisely built Corvette in its six-decade history.' Perceptron partnered with GM to design and implement a world-class measurement system, across the manufacturing process, to monitor 100% of production in real time. This allows GM to significantly reduce allowable tolerances by tightly managing and controlling build variation issues that might arise."
The Perceptron systems contain a mix of stationary and robot-mounted laser-triangulation sensors that monitor critical build features and collect hundreds of dimensional measurements on every single vehicle.
Perceptron develops, produces, and sells non-contact measurement and inspection solutions for industrial applications. The Company's products provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement and inspection applications. Automotive and manufacturing companies throughout the world rely on Perceptron's metrology solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce the costs associated with variation in the manufacturing process. Perceptron also offers Value Added Services such as training and customer support services. Headquartered in Plymouth, Michigan, Perceptron has approximately 240 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.