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NATICK, MA May 31, 2007

Cognex Names Two New Board Members

NATICK, MA, May 31, 2007--Cognex Corporation (NASDAQ: CGNX), the world's leading supplier of machine vision sensors and systems, announced today that Theodor Krantz and Edward J. Smith have joined the company's Board of Directors. Mr. Krantz and Mr. Smith have also accepted appointments to the company's audit committee, which will be chaired by Mr. Krantz. And, Mr. Smith has been appointed chairman of the company's nominating and governance committee.

Theodor Krantz is President of Airmar Technology Inc., a world leader in ultrasonic sensors for the marine and industrial markets. From 1984 to 1999 he served as President, and later CEO, of Velcro Industries. Under his leadership Velcro achieved a four-fold growth in sales, expanded its business through acquisitions in China, Europe and Latin America, and penetrated the automotive industry, which became a significant market for the company. He also serves as a director and member of the audit committee at Hitchiner Manufacturing Company and at Control Air, Inc. Mr. Krantz holds a B.A. from Princeton University, and an M.B.A. from Harvard University.

Edward J. Smith is President of Barnegat Bay Capital, a consulting and independent investment banking firm. Prior to founding Barnegat Bay Capital in 2001, he spent 30 years as an investment banker, focusing primarily on technology companies, at Prudential Securities, Merrill Lynch, Shearson Lehman Brothers and Kidder Peabody. During his investment banking career he managed over 250 equity and debt transactions and completed more than 40 M&A assignments. Mr. Smith is a director of ATS Corporation, where he chairs the audit committee and is a member of the compensation committee. He has also served as a director and member of the audit committee at Global Imaging Systems Inc. (acquired by Xerox in May 2007), and at Fargo Electronics, Inc. (acquired by Assa Abloy in May 2006). Mr. Smith is a lecturer at Yale University, where he teaches a course called "The Corporate Board of Directors." He holds a B.A. from Yale University, and an M.B.A. from Harvard University.

"We are very pleased to have attracted two executives of such high caliber to our Board of Directors," said Dr. Robert J. Shillman, Cognex's Chairman and CEO. "Both of these new board members bring skills and experience that will greatly help Cognex meet the challenges that lie ahead."

Investor Relations Contact:
Susan Conway
Director of Investor Relations
Telephone: (508) 650-3353
Email: susan.conway@cognex.com 

Media Relations Contact:
Robin Pratt
Sr. Manager, Corporate Communications
Telephone: (858) 350-5065
Email: robin.pratt@cognex.com

About Cognex

Cognex Corporation designs, develops, manufactures, and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to “see.” Cognex products include barcode readers, machine vision sensors, and machine vision systems that are used in factories, warehouses, and distribution centers around the world to guide, gauge, inspect, identify, and assure the quality of items during the manufacturing and distribution process.

Cognex is the world's leader in the machine vision industry, having shipped more than 1 million vision-based products, representing over $4 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout the Americas, Europe, and Asia. For details visit Cognex online at http://www.cognex.com.

Cognex, PatMax and In-Sight and EasyBuilder are registered trademarks and PatMax RedLine and In-Sight Explorer are trademarks of Cognex Corporation. All other trademarks are the property of their respective owners.


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