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NATICK, MA, USA May 21, 2008

Cognex Promotes Markku Jaaskelainen to Executive Vice President and President of its Surface Inspection Systems Division

NATICK, Mass., May 21, 2008—Cognex Corporation (NASDAQ: CGNX), has promoted Dr. Markku Jaaskelainen to Executive Vice President of the corporation and President of its Surface Inspection Systems Division (SISD). Dr. Jaaskelainen reports to the company’s President, Dr. Robert J. Shillman.

Dr. Jaaskelainen joined Cognex in 1999 as Vice President and General Manager of the Surface Inspection Systems Division. This division, which was formed in 1997 from the acquisitions of Isys Controls and Mayan Automation, designs and manufactures very specialized, high-speed vision systems that are used to detect and classify surface defects in materials such as paper, metals, nonwovens, glass and plastics which are manufactured on a continuous web. 

“Markku is an outstanding businessman and leader who has done a superb job of building Cognex’s business in the surface inspection market over the past nine years,” said Dr. Robert Shillman, Chairman and Chief Executive Officer of Cognex. “Under his leadership, Cognex developed and launched SmartView®, the most widely-used surface inspection system in the world today. This innovative product has been instrumental in increasing Cognex’s market share in both the paper and metals industries, and expanding our business into new industries. Markku’s strategic market development skills have also enabled Cognex to enter and become the leader in emerging regional markets for surface inspection, especially in Japan and China. SISD’s revenue has grown from $10 million in 1999 to three times that in 2007, and, we expect, by considerably more than that in 2008 with Asian markets representing over 50% of the revenue.”

Prior to joining Cognex, Dr. Jaaskelainen served as Vice President of System Strategy and New Product Development for Honeywell-Measurex.  He holds a Master’s Degree and Ph.D. in Physics from the University of Jyvaskyla in Finland.

Robin Pratt
Sr. Manager, Corporate Communications
Cognex Corporation
phone:  (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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