News

FOR IMMEDIATE RELEASE

NATICK, MA, USA 7월 02, 2008

Cognex Sells its In-Vehicle Vision Business to Takata Corporation Group

NATICK, MA, July 2, 2008--Cognex Corporation (NASDAQ: CGNX) announced today that it has sold its lane departure warning business (LDW) to TK Holdings Inc. (Takata Corporation Group), a leading supplier of automotive safety systems based in Tokyo, Japan.  Under the terms of the deal, Takata has acquired all of the assets of the LDW business for $3.15 million in cash.  As a result of this sale, Cognex will record a pre-tax charge of approximately $3 million in the second quarter of 2008.

“Cognex entered the in-vehicle vision business in 2006 with the acquisition of AssistWare Technology, a small company that had developed a vision system that could provide a warning to drivers when their vehicle was about to inadvertently cross a lane.  And, over the past two years, we have invested additional funds to commercialize AssistWare’s LDW product and to establish a business developing and selling machine vision products for driver assistance,” said Dr. Robert J. Shillman, Chairman and CEO of Cognex.  “Although we continue to believe that in-vehicle applications of machine vision will one day be a very large opportunity, it has become clear to us that delivering a complete LDW product to the automotive industry is not a profitable way for us to participate in that market. There are two reasons for that.  First, car and truck manufacturers (‘OEMs’) want to work exclusively with their existing Tier One suppliers, who have the knowledge and experience needed to meet the extremely rigorous testing and quality standards required in the automotive industry.  Next, although Tier One suppliers have expressed interest in Cognex’s vision technology, they all required access to, and control of, our proprietary software code…which we just can’t agree to.” 

Dr. Shillman continued, “Cognex invested in a business that appeared to have a very large market potential.  Unfortunately, as we got more experience with that business, it became clear that it did not fit Cognex’s profitable business model.  We recognize that when investing outside of our core businesses that “you win some, and you lose some,” and this was one of those times when our investment did not pay off.  But, despite this loss, we will continue to search for, and invest in, promising new market opportunities.”

CONTACT:
Robin Pratt
Sr. Manager, Corporate Communications
Cognex Corporation
phone:  (858) 350-5065
email: robin.pratt@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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