CyberOptics Corporation (Nasdaq: CYBE), a leading SMT inspection solutions provider, today announced the sale of its one-thousandth in-line inspection system to electronics manufacturers in China.
Kathleen P. Iverson, president and chief executive officer, commented: “Delivering our 1000 th in-line inspection system to the China market this summer marks a significant milestone for CyberOptics. Our more recent growth in the China market has been driven by sales of the new QX500™ automated optical inspection system (AOI), the fastest, high-performing AOI system on the market today. We have invested heavily in new products and R&D over the last three years since the relocation of our inspection systems business to Singapore. We will continue to further advance our products through market-driven performance improvement programs for both our solder paste inspection and AOI product lines.”
About CyberOpticsFounded in 1984, CyberOptics Corporation ( www.cyberoptics.com) is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. Our products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, we conduct worldwide operations through 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 need for a valuation allowance with respect to our deferred tax assets; 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 for meeting customer orders; the effect of world events on our sales, the majority of which are from foreign customers; product introductions and pricing by our competitors; the level of revenue and profitability we achieve in 2011; success of anticipated new OEM and end-user opportunities and other factors set forth in the Company’s filings with the Securities and Exchange Commission.