News

FOR IMMEDIATE RELEASE

NATICK, MA, USA 3月 13, 2008

Cognex Corporation Announces Rule 10b5-1 Plan for New Stock Repurpose Authorization

NATICK, MA, March 13, 2008 — Cognex Corporation (NASDAQ: CGNX) today announced that its Board of Directors authorized the repurchase of up to $30 million of Cognex common stock in open market transactions under a Rule 10b5-1 Plan.  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 $43 million was available at December 31, 2007.

Repurchases under the new authorization are subject to the parameters of the Rule 10b5-1 Plan, which provides for repurchases during Cognex self-imposed trading blackout periods related to the announcement of quarterly results.  The first trading day after the open trading window closes for the first quarter of 2008 is March 17, 2008.  The Rule 10b5-1 Plan expires in one year or, if earlier, upon the repurchase of $30 million of Cognex common stock under the plan.  The plan does not require Cognex to acquire any specific number of shares and it may be suspended or discontinued at any time. 

Forward-Looking Statements

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
Phone: (508) 650-3353
Email: susan.conway@cognex.com

コグネックスについて

コグネックスコーポレーションは、すべてにおいて見たことから判断する人間同様の能力を持つ人工知能 (AI) 技術を採用している幅広い画像処理式製品を設計、開発、製造、販売しています。コグネックスの製品には、マシンビジョンシステム、マシンビジョンセンサ、バーコードリーダなどがあり、世界中の工場や流通センターで使用され、生産および配送エラーを排除するのに役立てられています。

コグネックスは、1981年の創業以来200万台以上の画像処理式の製品を出荷し、累積収入が60億ドルを超えるマシンビジョンシステム業界におけるワールドワイドリーダーです。コグネックスは、アメリカのマサチューセッツ州ネイティックに本社を置き、南北アメリカ大陸、ヨーロッパ、およびアジアで事業を展開しています。詳しくは、コグネックスのホームページ(www.cognex.com)をご覧ください。

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