MINNEAPOLIS--(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.”
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.