FOR IMMEDIATE RELEASE

NATICK, MA, USA February 24, 2009

Cognex Develops an Online Tool to Calculate Cost Savings from Using Vision Technology

Helping manufacturers evaluate how much savings can be achieved by investing in vision

Cognex® Corporation (NASDAQ - CGNX), the world's leading supplier of machine vision systems and industrial ID readers, today announced the availability of a new on-line tool to help manufacturers understand the benefits that can be achieved through the use of machine vision and industrial identification. “In these difficult economic times, optimizing product quality and reducing manufacturing costs is more important than ever. Our new Cost Savings Advisor makes it really easy for manufacturers to calculate the cost reductions they can achieve through using Cognex vision and ID systems" says Peter Neve, Vice President of Global Marketing for Cognex. He added, "It also acts as a great check list to ensure that all potential savings from using vision are identified." The Cognex Cost Savings Advisor was designed to help customers evaluate a cost savings plan for vision inspection, automation or identification applications. 

The free tool can be found at www.cognex.com/costsavings. Users are asked a few simple questions about each vision application. The tool then calculates the potential cost savings that could be achieved by implementing Cognex solutions on the customer’s production lines. Additionally, the results highlight other potential benefits that customers may not have previously considered.  A wide range of cost savings opportunities can be estimated within three main sections: product inspection applications, automation guidance applications and identification/traceability applications.  Once the results are calculated, a record of the evaluation can be printed to share with colleagues. Cost management is a global concern; Cognex, as a global corporation, recognizes this and is pleased to offer this tool in nine languages: Chinese (Simplified and Traditional), English, French, German, Italian, Japanese, Korean and Spanish.

For more information, please visit www.cognex.com/costsavings.

MEDIA CONTACT:
Annmarie Latta
Gray & Rice Public Relations
Phone: (617) 367-0100 ext. 168
Email: alatta@gr2000.com

About Cognex Corporation

Cognex Corporation (“the Company” or “Cognex”) invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.

Cognex is the world's leader in the machine vision industry, having shipped more than 4 million image-based products, representing over $10 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.

Contact:
Nathan McCurren
Head of Investor Relations
Cognex Corporation
ir@cognex.com

GET ACCESS TO SUPPORT & TRAINING FOR PRODUCTS & MORE

Join MyCognex