CyberOptics Announces $1.9 Million Follow-On Order for 3D AOI Systems
CyberOptics Corporation (Nasdaq: CYBE) today announced an order valued at approximately $1.9 million for SQ3000 automated optical inspection (AOI) systems, based upon the company’s 3D MRS inspection technology platform. The order is scheduled for shipment late in the first quarter of 2016.
Subodh Kulkarni, president and chief executive officer, said: “Since the start of last year’s fourth quarter and continuing thus far in 2016, follow-on orders totaling $4.7 million for our 3D SQ3000 AOI system have been placed by a key customer. As evidenced by these sizeable orders, our differentiated 3D MRS technology is enabling CyberOptics to gain share in the global AOI market. This order activity reaffirms our confidence in CyberOptics’ future.”
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics’ sensors are used in general purpose metrology and 3D scanning, surface mount technology (SMT) and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its 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; 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 to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; expectations regarding our 2014 acquisition of Laser Design, Inc. (LDI) and its impact on our operations; and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
Jeffrey A. Bertelsen, 763-542-5000
Chief Financial Officer
Equity Market Partners
Richard G. Cinquina, 904-415-1415