PLYMOUTH, MI, October 6, 2010 – Perceptron, Inc. (NASDAQ: PRCP), the global leader in non-contact measurement and inspection solutions, today announced that the Company’s Industrial Business Unit (IBU) has introduced its groundbreaking Helix™ 3D Metrology Solution.
Helix™ is an innovative and versatile 3D metrology platform that enables manufacturers to perform their most challenging measurement tasks with unparalleled ease and precision. It combines more than 25 years of laser-triangulation and 3D metrology experience with recent technological advances to create the most unique and powerful solution in the market.
Helix™ solutions offer the world’s only sensors with Intelligent Illumination™, a patent-pending breakthrough that allows users to control virtually every aspect of the sensor’s calibrated light source. By customizing the quantity, density, and orientation of the sensor’s laser lines through a simple user interface, image acquisition is optimized on a feature-by-feature basis. The user can configure tightly spaced laser lines for small, complex features, increase the number of laser lines to robustly measure challenging materials, and alter the orientation of the laser lines to accommodate the differences between multiple parts manufactured on the same assembly line.
Prior to Helix™, manufacturers were forced to purchase and deploy multiple measurement technologies in order to implement a comprehensive quality strategy. Intelligent Illumination™ serves as the powerful foundation of a single, in-process solution capable of precisely measuring key dimensional features as well as generating full 3D point clouds – allowing, for the first time, a truly integrated, 3D metrology solution.
Harry Rittenour, Perceptron’s President and CEO, stated, “Our Helix™ solution is the most significant development in sensor technology in the past 15 years, and represents a quantum leap in 3D metrology. Nothing comparable exists in the market today. Helix™ will provide our customers with a powerful tool for overcoming the challenges they face on a daily basis and a means to successfully implement their most far-reaching and innovative strategies for the future.”
Today’s demanding manufacturing processes push traditional metrology solutions to their limits with high model mixes, complex material combinations, and unique short-run parts. Helix™ sensors utilize dramatically increased measurement volumes, in many cases more than 100 times that of competitive offerings, to effectively and efficiently support those flexible manufacturing processes. By using Helix™ solutions, Perceptron’s customers can measure more features on multiple models with fewer sensors, simultaneously adding value and improving the return on overall investment.
Rittenour added, “The significant product differentiators provided by Helix™ will allow us to deliver a customized, high-precision, affordable solution. A solution that eliminates the compromises customers have had to make with competitive systems. Helix™ is the embodiment of value innovation – increased capability without added complexity or cost.”
Over the next several months, Perceptron will be installing two beta systems at key customer locations and expects to begin taking customer orders near the end of the calendar year. System installations are anticipated to commence in the spring of 2011. This represents only the first stage in a series of Helix™-based solutions that will be introduced into various markets in the future.
Perceptron develops, produces, and sells non-contact measurement and inspection solutions for industrial and commercial applications. The products from the Company’s Industrial Business Unit (IBU) 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 overall manufacturing costs. IBU also offers Value Added Services such as training and customer support services. Perceptron’s Commercial Products Business Unit (CBU) develops and manufactures a variety of handheld visual inspection devices and add-on accessories for professional tradesmen that are sold to and marketed through strategic partners. Headquartered in Plymouth, Michigan, Perceptron has approximately 230 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 develop and introduce new products and technologies and the Company’s expectation as to the rate and timing of new orders and the timing of revenue and income increases from new products and technologies which the Company has not yet released. 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 2010. 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.