CyberOptics Receives $800,000 Order for 3D MRS Sensors
CyberOptics Corporation (Nasdaq: CYBE) today announced that it has received an order from a key OEM customer valued at approximately $800,000 for 3D MRS-enabled sensor subsystems. This order is currently scheduled to ship in the first quarter of 2016.
“These sizeable orders clearly indicate that CyberOptics’ strategic transition to 3D sensing is gaining traction in the marketplace, making us confident of our vision, our overall strategy and our future.”
Subodh Kulkarni, president and chief executive officer, said: “These sizeable orders clearly indicate that CyberOptics’ strategic transition to 3D sensing is gaining traction in the marketplace, making us confident of our vision, our overall strategy and our future.”
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics’ sensors are 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 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; 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; expectations regarding LDI and its impact on our operations; integration risks associated with LDI and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
Jeffrey A. Bertelsen, Chief Financial Officer, 763-542-5000
Equity Market Partners
Richard G. Cinquina, 904-415-1415