CyberOptics Announces $1.0 Million Order for MRS-Enabled SQ3000™ 3D AOI and SPI Systems
August 21 2017 - 9:00AM
Business Wire
CyberOptics Corporation (Nasdaq:CYBE), a leading global
developer and manufacturer of high-precision 3D sensing technology
solutions, today announced an order valued at approximately $1.0
million primarily for SQ3000 automated optical inspection (AOI)
systems, based upon the company’s 3D Multi-Reflection Suppression
(MRS) inspection technology platform. It is presently anticipated
that revenue from the order will be recognized in the third quarter
of 2017.
Dr. Subodh Kulkarni, president and chief executive officer,
said: “We are gratified that a new customer has selected our 3D AOI
and SPI (solder paste inspection) products for their demanding
product inspection requirements. We believe our differentiated 3D
MRS technology is enabling CyberOptics to gain share in the global
AOI market.”
About CyberOptics
CyberOptics Corporation (NASDAQ: CYBE) is a leading global
developer and manufacturer of high precision sensing technology
solutions. CyberOptics sensors are being used in general
purpose metrology and 3D scanning, surface mount technology
(SMT) and semiconductor markets to significantly improve
yields and productivity. By leveraging its leading edge
technologies, the company has strategically established itself as a
global leader in high precision 3D sensors, allowing CyberOptics to
further increase its penetration of its key vertical markets.
Headquartered in Minneapolis, Minnesota, CyberOptics conducts
worldwide operations through its facilities in North America, Asia
and Europe.
Statements regarding the Company’s anticipated performance are
forward-looking and therefore involve risks and uncertainties,
including but not limited to: market conditions in the global SMT
and semiconductor capital equipment industries; the timing of
orders and shipments of our products, particularly our 3D
MRS-enabled AOI systems; increasing price competition and price
pressure on our product sales, particularly our SMT systems; the
level of orders from our OEM customers; the availability of parts
required to meet customer orders; unanticipated product development
challenges; the effect of world events on our sales, the majority
of which are from foreign customers; rapid changes in technology in
the electronics markets; product introductions and pricing by our
competitors; the success of our 3D technology initiatives; the
success of CyberGage360; and other factors set forth in the
Company’s filings with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170821005246/en/
CyberOptics CorporationJeffrey A. Bertelsen, 763-542-5000Chief
Financial Officer
CyberOptics (NASDAQ:CYBE)
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