Financial News

CyberOptics Announces Assembleon Will Continue as Sensor Customer for Current and Future Pick-and-Place Platforms

CyberOptics Corporation (Nasdaq: CYBE) today announced that Assembleon, a major provider of surface mount technology (SMT) robotic assembly equipment for the global electronics manufacturing industry, has elected to retain CyberOptics as its sole supplier for the alignment sensors deployed on its current and future pick-and-place platforms.

In 2008, Assembleon, a division of Philips Electronics, Inc., announced that it would develop its own alignment sensors in-house and gradually phase out the use of CyberOptics’ alignment sensors. Sales of new alignment sensors to Assembleon accounted for approximately 10% of CyberOptics total revenues in 2008.

Kathleen P. Iverson, CyberOptics’ chairman and chief executive officer, commented: “We are extremely pleased to retain Assembleon as a significant customer. We also appreciate the confidence this world-class supplier of robotic assembly equipment is demonstrating in our alignment technology.”

Andre Papoular, Assembleon’s chief executive officer, said, “CyberOptics’ alignment sensor technology has proven to be best-in-class, and it makes strong economic sense to maintain our established relationship with this reliable business partner. We look forward to working closely with CyberOptics on both our current and future pick-and-place platforms.”

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; 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; unanticipated costs or delays associated with the transition of manufacturing for SMT Systems to Singapore, 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.

Contacts:

CyberOptics Corporation
Jeffrey A. Bertelsen, 763-542-5000
Chief Financial Officer
or
Equity Market Partners
Richard G. Cinquina, 904-415-1415

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