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NATICK, MA, October 31, 2016 October 31, 2016

Cognex Acquires Two 3D Vision Companies

Cognex Corporation (NASDAQ: CGNX), has expanded its 3D vision capabilities with the recent acquisition of two companies specializing in 3D machine vision technology.

On October 27, 2016, Cognex acquired EnShape GmbH, a maker of advanced 3D vision sensors and software based in Jena, Germany. EnShape’s 3D sensors use patented area-scan technology for fast image capture at high resolution, and eliminate the need to mechanically move objects in front of the device as required with laser line scanners. The company’s team of highly skilled 3D vision engineers will become part of a new Cognex engineering center based in Jena.

On August 30, 2016, Cognex also completed the acquisition of AQSense, a provider of 3D vision software based in Girona, Spain. AQSense develops and sells a library of field-tested 3D vision tools and a configuration software package that helps customers easily set up their 3D vision applications. The company’s software engineers joined Cognex’s 3D engineering team upon the closing of the acquisition.

“We see a growing number of opportunities for 3D vision in industries such as automotive, consumer electronics and logistics, to name just a few,” said Joerg Kuechen, Vice President of Vision Products for Cognex. “We believe that our acquisition of these two companies, especially the addition of two highly experienced new engineering teams, will accelerate our ability to bring innovative new 3D products to market.”

Visit Cognex at the VISION show in Stuttgart, Germany from November 8 – 10, 2016 for an introduction to our newest 3D vision capabilities.

About Cognex Corporation

Cognex Corporation designs, develops, manufactures and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.

Cognex is the world's leader in the machine vision industry, having shipped more than 1.5 million image-based products, representing over $5 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe and Asia. For details visit Cognex online at www.cognex.com.

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