Actualités

FOR IMMEDIATE RELEASE

NATICK, MA, USA avril 21, 2008

Cognex Announces New $50 Million Stock Repurchase Authorization

NATICK, MA, April 21, 2008 — Cognex Corporation (NASDAQ: CGNX) today announced that its Board of Directors authorized the repurchase of up to $50 million of Cognex common stock in open market transactions.  The repurchases will be made at management’s discretion depending upon a variety of factors, including price levels and share availability. 

This new authorization is in addition to the $100 million stock repurchase program that was announced by Cognex on July 27, 2006, of which approximately $13 million remains available.  And it is also in addition to the $30 million stock repurchase program announced on March 13, 2008 that is subject to the parameters of a Rule 10b5-1 Plan for repurchases during Cognex self-imposed trading blackout periods related to the announcement of quarterly results, of which approximately $27 million remains available.  This new authorization brings the total amount of funds available for the repurchase of Cognex common stock to $90 million.

Forward-Looking Statement
Certain statements made in this press release, which do not relate solely to historical matters, are forward-looking statements.  These statements can be identified by use of the words “expects,” “anticipates,” ”estimates,” “believes,” “projects,” “intends,” “plans,” “will,” “may,” “shall” and similar words.  These forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected.  Such risks and uncertainties include: (1) economic conditions that impact the capital spending trends of manufacturers in a variety of industries; (2) the cyclicality of the semiconductor and electronics industries; (3) the inability to achieve significant international revenue; (4) fluctuations in foreign exchange rates; (5) the loss of, or a significant curtailment of purchases by, any one or more principal customers; (6) the reliance upon certain sole-source suppliers of critical components; (7) the inability to attract and retain skilled employees; (8) the inability to design and manufacture high-quality products; (9) the technological obsolescence of current products and the inability to develop new products; (10) the failure to effectively manage product transitions or accurately forecast customer demand; (11) the failure to properly manage the distribution of products and services; (12) the inability to protect Cognex proprietary technology and intellectual property; (13) the company’s involvement in time-consuming and costly litigation; (14) the impact of competitive pressures; (15) the challenges in integrating acquired businesses and achieving expected results; (16) exposure to additional tax liabilities; and (17) the other risks detailed in the company’s reports filed with the SEC, including the company’s Form 10-K for the fiscal year 2007.  You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Cognex disclaims any obligation to update forward-looking statements after the date of such statements.

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

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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