Actualités

FOR IMMEDIATE RELEASE

NATICK, MA, USA novembre 13, 2008

Cognex Announces Cost-Cutting Measures

NATICK, MA, November 13, 2008 — Cognex Corporation (NASDAQ: CGNX) today announced that it has taken meaningful steps to cut expenses to help ensure that it will continue profitable operations during these difficult economic times.  The reduction in expenses was accomplished through a number of different measures, the most meaningful ones of which are 1) the closing of the company’s facility in Georgia scheduled for mid-2009, and 2) the elimination of 60 full-time positions (approximately 7% of its worldwide headcount), primarily in the United States.  After the one-time effects of these cuts, projected savings from the actions described above are estimated to be approximately $6,000,000 on an annual basis, and are expected to be fully realizable beginning in 2010.   

As a result of the actions that the company has taken, Cognex expects to record a pre-tax charge of approximately $700,000 in the fourth quarter of 2008 (this full amount was included in the guidance given by Cognex on October 29, 2008).  And in the first half of 2009, Cognex expects to record an additional charge of approximately $1,700,000 related to the facility closure.  The distribution center that is currently based in Georgia will be consolidated into the company’s headquarters in Natick, Massachusetts. 

“The actions announced today were not made easily; the individuals who were let go were all hardworking, experienced and dedicated employees; but unfortunately the actions were necessary to ensure the continued profitability of our company,” said Dr. Robert J. Shillman, the Chairman and Chief Executive Officer of Cognex.  “Given the rather bleak economic outlook and the expectation that conditions will not improve soon, it is important to align our expenses as quickly as possible to the lower level of business that we anticipate in 2009.  The difficult steps that we have taken should allow us to maintain our long record of profitable operations, even as we continue to invest in strategic initiatives to ensure the long-term success of our company.” 

INVESTOR CONTACT:
Susan Conway
Director of Investor Relations          
Cognex Corporation                          
(508) 650-3353            

BUSINESS PRESS:   
Robin Pratt
Senior Manager, Corporate Communications
Cognex Corporation
(508) 650-3384


À propos de Cognex Corporation

Cognex Corporation conçoit, développe, fabrique et commercialise une large gamme de produits de vision, qui utilisent tous des techniques d'intelligence artificielle leur permettant de prendre des décisions sur ce qu'ils voient, comme les êtres humains. La gamme de produits Cognex inclut des systèmes de vision industrielle, des capteurs de vision industrielle et des lecteurs de codes-barres, utilisés par des usines et des centres de distribution à travers le monde pour éliminer les erreurs de production et d'expédition.

Leader mondial de la vision industrielle, Cognex a livré plus de 2 millions de produits de vision, équivalant à plus de 7 milliards de dollars de revenu accumulé, depuis la création de la société en 1981. Outre son siège à Natick, Massachusetts, États-Unis, Cognex possède des bureaux et des distributeurs en Amérique, en Europe et en Asie. Pour plus d'informations, consultez le site Web de Cognex www.cognex.com.

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