News

FOR IMMEDIATE RELEASE

NATICK, MA, USA 4월 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

Cognex Corporation 소개

Cognex Corporation은 시각 정보를 기초로 의사 결정을 내리는 인간과 동일한 능력을 부여하는 인공지능(AI)을 모두 이용하는 다양한 이미지 기반 제품을 설계, 개발, 생산, 마케팅합니다. 코그넥스 제품에는 전세계 공장과 유통 센터에서 생산 및 배송 오류를 제거하기 위해 사용되는 머신 비전 시스템, 머신 비전 센서, 바코드 리더기 등이 포함됩니다.

코그넥스는 머신 비전 분야의 세계 선도기업으로, 1981년 설립 이후 200만대 이상의 비전 기반 제품을 출하했으며, 60억 달러 이상의 누적 매출을 달성했습니다. 코그넥스는 미국 메사추세츠 네이틱에 본사를 두고 있으며, 미국, 유럽, 아시아 전역에 걸쳐 지사 및 대리점을 보유하고 있습니다. www.cognex.com을 방문하여 온라인에서 코그넥스를 만나 보십시오

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