Perceptron® Awarded Multi-Plant, Multi-Station Project In North America

PLYMOUTH, Mich., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Perceptron, Inc. (NASDAQ:PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, announced that a leading North American automotive manufacturer has selected Perceptron for their upcoming large vehicle program.

The project involves four manufacturing plants with each plant receiving over fifteen stations. The stations will be positioned throughout the manufacturing process to measure the critical vehicle subassemblies such as doors, hoods, underbodies, side frames, as well as the completed body.

Perceptron's dimensional gauging solutions provide a real-time view of the customer's production quality allowing them to make rapid adjustments and instantaneously evaluate the results. The integrated reporting package enables immediate insight into the manufacturing process turning massive amounts of data into actionable information. The powerful reporting tools also aid in their efforts to reduce process variation and optimize overall vehicle quality as it provides more effective troubleshooting tools and faster root cause analysis.

Rick Van Valkenburg, Perceptron Director of Sales, stated, "We have worked closely with the customer to develop an accurate solution for them to collect quality information on the first part through the line. We are exceptionally pleased by their decision to make Perceptron an integral part of their quality control strategy."

The gauging stations are currently in the design phase with plant installations starting January 2017.

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, Singapore, 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 "will," "should," "believes," "expects," "anticipates," "estimates," "prospects" 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 Company's projected revenues and net income depends upon the Company's ability to successfully develop and introduce new products. 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.

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