2009-11-10 14:55:08 -
CyberOptics Corporation (Nasdaq: CYBE) today announced the introduction of its next-generation automated optical inspection (AOI) system at the global Productronica electronics trade show in Germany.
The performance of the QX500 AOI system, CyberOptics’ first inspection system utilizing a new common inspection sensor platform, exceeds many of the performance metrics, including inspection speed and accuracy, of the company’s current AOI offering and
those of its competitors.
CyberOptics’ inspection products, including AOI and solder paste inspection systems, are deployed on production lines assembling surface mount technology (SMT) circuit boards that are used in a wide range of electronic products.
Kathleen P. Iverson, president, chief executive officer and chair, commented: “As a result of our common inspection sensor platform, essentially the same advanced sensor can be utilized across a variety of applications and in a number of new products. This initiative is enabling us to remove significant cost from new inspection products, resulting in improved margins, while allowing us to eventually provide a menu of tiered offerings for AOI and solder paste inspection systems at various price points for different market segments. Through this highly targeted approach, we are striving to expand our addressable market and achieve significant long-term returns on our R&D investments.”
About CyberOptics
Founded in 1984, CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. Our products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, we conduct worldwide operations through facilities in North America, Asia and Europe.
Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global SMT and semiconductor capital equipment industries; the impact of current economic conditions on the Company’s performance; the timing and magnitude of any potential recovery in financial performance resulting from the global economic downturn; the need for a valuation allowance with respect to our deferred tax assets; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required for meeting customer orders; the effect of world events on our sales, the majority of which are from foreign customers; product introductions and pricing by our competitors; the timing of and our ultimate ability to return to profitability in 2010; success of anticipated new OEM and end user opportunities and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
CyberOptics CorporationJeffrey A. Bertelsen, 763-542-5000Chief
Financial OfficerorEquity Market PartnersRichard G.
Cinquina, 904-415-1415
