FOR IMMEDIATE RELEASE

NATICK, MA, USA 3월 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

Cognex Corporation 소개

Cognex Corporation(이하 “회사” 또는 “코그넥스”)은 중요한 제조 및 유통 난제를 해결하는 기술을 발명하고 상용화합니다. 매력적인 산업용 최종 시장 전반에 걸쳐 고성장 잠재력 비즈니스의 효율성과 품질을 개선하는 머신 비전 제품 및 솔루션을 제공하는 선도적인 글로벌 공급업체입니다. 당사 솔루션은 물리적 제품과 소프트웨어를 혼합하여 시각 정보를 캡처하고 분석함으로써 전 세계 고객의 제조 및 유통 작업을 자동화할 수 있습니다. 머신 비전 제품은 휴대폰, 전기차 배터리, 전자상거래 포장물과 같은 품목의 위치 파악, 식별, 검사 및 측정을 통해 개별 품목의 제조 또는 유통 및 추적을 자동화하는 데 사용됩니다. 머신 비전은 육안으로는 크기, 정확성 또는 속도에 대한 요구 사항을 충족하기에 불충분한 애플리케이션이나 상당한 비용 절감 또는 품질 개선이 필요한 경우 중요한 역할을 합니다.

코그넥스는 머신 비전 분야의 세계 선도기업으로, 1981년 설립 이후 400만대 이상의 비전 기반 제품을 출하했으며, 100억 달러 이상의 누적 매출을 달성했습니다. 코그넥스는 미국 메사추세츠 네이틱에 본사를 두고 있으며, 미국, 유럽, 아시아 전역에 걸쳐 지사 및 대리점을 보유하고 있습니다. 코그넥스에 대한 자세한 정보는 www.cognex.com/ko-kr에서 확인하세요.

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

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