MINNEAPOLIS--(BUSINESS WIRE)--CyberOptics Corporation (Nasdaq:CYBE) today announced that it received a follow-on order valued at approximately $750,000 for SQ3000 automated optical inspection systems, based upon the company’s 3D Multi-Reflection Suppression (MRS) inspection technology platform. This 3D AOI order is scheduled to ship in this year’s fourth quarter.
As previously reported, CyberOptics received a $1.1 million order for 3D MRS-enabled sensor subsystems from a key OEM customer earlier this month. Shipments are expected to commence late in the fourth quarter and continue into the first quarter of 2016.
Subodh Kulkarni, president and chief executive officer, said: “These sizeable orders make us believe we should continue gaining market share in 3D AOI, which is an estimated $80 million to $100 million global market growing at a 35% to 40% compound annual growth rate. The progress we are making in our strategic transition toward becoming the leader in high-precision 3D sensing causes us to be confident about CyberOptics’ 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 segments. 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.