Cognex Implements New Business Initiatives to Accelerate Growth in New Markets

„\“Since the mid-1980’s, the growth driver in our business has been the increasing need for our machine vision systems to precisely guide sophisticated capital equipment used in the manufacture of semiconductor devices and printed circuit boards,\“ said Dr. Robert J. Shillman, Cognex’s Chairman and C.E.O. \“Following two very slow years caused by the collapse of the Internet bubble, that market for our products has recently shown a nice pick-up, and we expect to maintain our leadership position there. During that slowdown, our marketing and corporate development teams searched for…and found…new applications where machine vision promises to have great potential. In order to accelerate engineering development and get products to market as quickly as possible for these new opportunities, we have established two new dedicated product teams, which will report directly to Cognex’s Chief Operating Officer, Jim Hoffmaster.\“
\r\n
\r\nThe first new product team will work on ID Products, and it will be managed by Justin Testa, a Senior Vice President and a 20-year Cognex veteran. This product team will design, develop and market machine vision systems that can quickly and reliably read codes (e.g. serial numbers, bar codes or two-dimensional codes, such as the Data Matrix code) that have been stamped, scribed, etched, printed or otherwise formed directly on the surfaces of manufactured goods ranging from pharmaceutical items to aircraft components. The ID Products team is already marketing both fixed-mount and hand-held readers; the fixed mount units were developed internally, and the hand-held units come from the company’s recent acquisition of Gavitec in Germany.
\r\n
\r\nThe second new product team is the Expert Sensors team, which will be managed by Brian Phillips, a Cognex Vice President and a 10-year veteran with the company. This product team will focus on the design, development and marketing of ultra-low cost vision sensors that are each designed to solve a specific automation problem. The Expert Sensors group has already developed a people sensor that uses unique 3-D technology for the control of automatic doors, and the group will soon introduce a new generation of expert sensors that will compete in the $1.5 Billion worldwide market for \“presence sensing\“ technology.
\r\n
\r\nThese two new dedicated product teams are part of the Modular Vision Systems Division, along with the division’s two existing product line teams: In-Sight Vision, managed by Senior Vice President John McGarry, which serves industrial end-users with an expanding line of In-Sight Vision Sensors; and PC Vision, managed by Cognex Senior Vice President and co-founder Marilyn Matz, which serves the company’s PC-based vision users–primarily OEM customers in the semiconductor and electronics markets.
\r\n
\r\n\“Moore’s Law continues to benefit machine vision,\“ said Jim Hoffmaster, Cognex’s Chief Operating Officer. \“The continued decline in price and increase in power of today’s digital signal processors open up significant new opportunities for machine vision that just didn’t exist two years ago. By adding these new dedicated product teams, we fully expect to quickly become the market leader in each of these new high-volume markets.\“
\r\n
\r\nIn addition to the Modular Vision Systems Division, Cognex maintains a second division, the Surface Inspection Systems Division, which provides vision systems for monitoring the surface quality of paper, metals and plastics, and is managed by Markku Jaaskelainen, Senior Vice President.
\r\n
\r\nCognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can \“see.\“ Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding in 1981. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems which are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems division, headquartered in Alameda, California, specializes in machine vision systems which are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers, and plastics. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices located throughout North America, Japan, Europe, and Southeast Asia. Visit Cognex on-line at http://www.cognex.com.
\r\n
\r\n
\r\n
\r\nContact:
\r\n Cognex Corporation
\r\n Robin Pratt, 508-650-3384
\r\n
\r\n
\r\n
\r\nSource: Cognex Corporation“;0;144;3;“admin“;““;0;““;0;0;0;0;0