Perceptron Announces Order for AccuSite® in Robot Guidance Application

Optical Tracking Improves Productivity for Robotic Manufacturing

PLYMOUTH, Mich., January 9, 2020 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced receiving an order for nine AccuSite® optical tracking systems for precision robot guidance and metrology applications.

“Perceptron continues to innovate with our manufacturing partners by developing technology to maximize solution value. We have expanded our AccuSite technology beyond accurate in-line metrology to provide the greatest possible precision for robot guidance applications,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

In robot guidance applications no part is perfect, and no process is perfect; therefore, there are two goals to achieve optimal part placement. Goal one is removing the variation introduced by these two factors. To achieve this, Helix sensors are installed around the assembly to measure key locating features and then send an offset to the robot to correctly place the part in the assembly. Goal two is removing the variation caused by any changes in the robot due to temperature and mechanical drift. An AccuSite Star is mounted on the robot’s end-of-arm tooling and the AccuSite Tracker captures its precise position. Based on this measurement, a secondary offset is calculated and sent to the robot ensuring precise placement.

Van Valkenburg added, “Perceptron provides the most flexible set of solutions in the industry allowing for the implementation of state-of-the-art applications like this one. In this project we are utilizing fixed and robot mounted sensors, absolute accurate optical tracking, and data sharing across systems to minimize sensor count and footprint, improve overall system performance, and reduce measurement cycle times.”

About Perceptron

Perceptron (NASDAQ:PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron’s metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Slovakia, Spain and the United Kingdom.  For more information, please visit www.perceptron.com.

Safe Harbor Statement

Certain statements in this press release may be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, including the Company’s expectation relating to the ability to successfully develop and introduce new products and expand into new customers and markets.  When we use words such as “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” or similar expressions, we are making forward-looking statements.  We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. While we believe that our forward- looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in “Item 1A – Risk Factors” of our Annual Report on Form 10-K for fiscal 2019 and of our Quarterly Reports on Form 10-Q.  Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.

Contact:
Investor Relations
investors@perceptron.com

Perceptron Names Bill Roeschlein Interim Vice President, Finance and Chief Financial Officer

PLYMOUTH, Mich., Jan. 07, 2020 — Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced that Bill Roeschlein has been named Interim Vice President, Finance and Chief Financial Officer, effective January 7, 2020.  Mr. Roeschlein will report directly to Jay Freeland, Chairman of the Board and Interim President and Chief Executive Officer.  The Company plans to initiate a search for a permanent CFO under the guidance and direction of Perceptron’s Board of Directors.

“Perceptron is a well-established brand in the global metrology market, one led by a first-class board of directors committed to maximizing shareholder value,” stated Bill Roeschlein, Interim Vice President, Finance and Chief Financial Officer of Perceptron.  “I am excited to join the management team as together we position the Company for its next phase of growth.”

“Bill is an outstanding talent, one whose experience as a former CFO of several publicly-traded technology companies position him as an ideal interim fit during this transitional period,” stated Jay Freeland, Chairman and Interim President and CEO of Perceptron.  “At a strategic level, we remain focused on a combination of targeted sales growth and cost reductions throughout our organizational structure, the combination of which position us to drive margin expansion moving forward.”

Mr. Roeschlein has over 25 years of experience leading finance organizations at companies of all sizes.  Previously, he served as Chief Financial Officer for Intermolecular until its recent acquisition by Merck KGaA, Darmstadt, Germany.  Earlier, he served as Chief Financial Officer for Power Integrations and Selectica, Inc., both formerly listed public companies.  He has also served in multiple finance leadership roles with other global companies.  He started his career at Coopers & Lybrand after receiving his BA in Business from UCLA.  Mr. Roeschlein also has an MBA from Cornell University.

About Perceptron®

Perceptron (NASDAQ: PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron’s metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Slovakia, Spain and the United Kingdom.  For more information, please visit www.perceptron.com.

Safe Harbor Statement

Certain statements in this press release may be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, including our expectation as to our fiscal year 2020 and future results, operating data, new order bookings, revenue, expenses, net income and backlog levels, trends affecting our future revenue levels, the rate of new orders, the timing of revenue and net income increases from new products which we have recently released or have not yet released, the timing of the introduction of new products and our ability to fund our fiscal year 2020 and future cash flow requirements.  Whenever possible, we have identified these forward-looking statements by words such as “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” or similar expressions.  We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements.  While we believe that our forward-looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made.  Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different.  Factors that might cause such a difference include, without limitation, the risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in “Item 1A: Risk Factors” of our Annual Report on Form 10-K for fiscal 2019.  Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.

Perceptron Announces First Order for Multi-Robot AccuSite®

Absolute Accurate Solution for In-Line Metrology

PLYMOUTH, Mich., December 19, 2019 — Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced receiving their first order for a two-robot AccuSite® optical tracking solution for in-line metrology.

“The AccuSite architecture supports multiple Trackers allowing us to accurately track up to eight robots in a cell. All Trackers and robots are connected to each other, providing maximum flexibility in system design and layout. Measuring in-line is the most cost-effective solution for quality control. No manpower is needed to load parts or put them back into the process once measurement is complete. There is no need for dedicated CMM fixtures or CMM correlation since AccuSite provides traceable measurement directly in the manufacturing process,” commented Rick Van Valkenburg, Vice President Global Sales and Marketing for Perceptron.

Perceptron has combined over 35 years of metrology and manufacturing experience to create a truly absolute, no-compromise automated metrology solution that is designed for the plant floor. Paired with Perceptron’s Helix®evo sensors, the system can produce scan data or measure features like threaded holes, studs and edges with no targets, inserts, or sprays. AccuSite turns the robots into simple movers by eliminating all the robots’ mechanical drift and temperature influence from the measurement results, in real-time through a single interface.

Van Valkenburg added, “We have received our first order for a two-robot in-line AccuSite solution measuring battery carriers for a new electric vehicle. This project requires measurement of over 60 features measured within 70 seconds. The accuracy and measurement throughput requirements were only achievable with Perceptron’s multi-robot AccuSite solution.”

About Perceptron

Perceptron (NASDAQ:PRCP) develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. Products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. Global automotive, aerospace and other manufacturing companies rely on Perceptron’s metrology solutions to assist in managing their complex manufacturing processes to improve quality, shorten product launch times and reduce costs. Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary operations in Brazil, China, Czech Republic, France, Germany, India, Italy, Japan, Slovakia, Spain and the United Kingdom.  For more information, please visit www.perceptron.com.

Safe Harbor Statement

Certain statements in this press release may be “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, including the Company’s expectation relating to the ability to successfully develop and introduce new products and expand into new customers and markets.  When we use words such as “target,” “will,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “prospects,” “outlook,” “guidance” or similar expressions, we are making forward-looking statements.  We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. While we believe that our forward- looking statements are reasonable, you should not place undue reliance on any such forward-looking statements, which speak only as of the date made. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different. Factors that might cause such a difference include, without limitation, the risks and uncertainties discussed from time to time in our periodic reports filed with the Securities and Exchange Commission, including those listed in “Item 1A – Risk Factors” of our Annual Report on Form 10-K for fiscal 2019 and of our Quarterly Reports on Form 10-Q.  Except as required by applicable law, we do not undertake, and expressly disclaim, any obligation to publicly update or alter our statements whether as a result of new information, events or circumstances occurring after the date of this report or otherwise.

Contact:
Investor Relations
investors@perceptron.com