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Cognex Corporation designs, develops, manufactures, and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to “see.” Cognex products include barcode readers, machine vision sensors, and machine vision systems that are used in factories, warehouses, and distribution centers around the world to guide, gauge, inspect, identify, and assure the quality of items during the manufacturing and distribution process. Cognex is the world’s leader in the machine vision industry, having shipped more than 1 million vision-based products, representing over $4 billion in cumulative revenue, since the company’s founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout the Americas, Europe, and Asia.
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DVT Sets Record March and 1st Quarter Sales & Bookings; Company Bucks Industry & Economic Trends
POSTED 04/07/2003
DULUTH, Ga., April 1 -- DVT Corporation, the global leader in SmartImage Sensor technology, has recorded the highest single month sales and bookings levels in the company's 12 year history, exceeding March 2002's record level by 60%. The company also set an all-time record quarter with sales and bookings for the first quarter of 2003 surpassing last year's record Q1 by 43%.
Commenting on the extraordinary results, DVT CEO and Chairman, Bob Steinke stated, ‘‘The fact that DVT's global organization has performed to this level is a testament to the dedication and commitment of every employee and partner. I attribute this success primarily to two factors -- DVT's culture of Servant Leadership, and our company-wide adoption of a Best Practices program that allows us to measure and improve the performance of every individual, department and Automation Solution Provider (ASP) partner in our global organization.’‘
Emory Berry, DVT's CFO, commented, ‘‘What's even more amazing is that these records were set during our first month in our new corporate headquarters. The logistics and complexity of moving an entire company (including new computer and communications networks, inventory and test facilities) could have easily impacted March's results, but our employees rose to the occasion and met every challenge.’‘
DVT's new corporate headquarters in Duluth, Georgia, encompasses more than three times the area of the old facility and features a new Global Training Center that accommodates 40 students in a state-of-the-art, 4-tier classroom with stadium seating. The new facility also features 8 conference rooms, each of which is designed and equipped to conduct video conferencing to support the growing usage of DVT Online Conferencing and diagnostics. Concerning the expanded facility, Steinke noted, ‘‘As well as this beautiful building suits our needs -- and allows us to better serve our customers, our goal is to outgrow it within three years. And if we stay the course in executing our customer support model, we may have to look for more space sooner than that! By the way, this will be our 6th expansion in 9 years.’‘
DVT is recognized as a market leader in machine vision products and is the only manufacturer in the industry to provide free classroom, online and CD- based training; free operating software and software upgrades; and free online diagnostics and troubleshooting. In fact, DVT provides more than 10,000 man- days of free training annually.
In addition to the new global headquarters in Atlanta, DVT has 20 regional/country offices (including the US, UK, Germany, Sweden, France, Mexico, Singapore, Korea, Japan and China), 130 global Automation Solution Providers offering technical and sales support, and more than 500 System Integrator partners.
For more information about DVT, the products -- or Servant Leadership, contact DVT Corporation, 1855 Satellite Blvd., Suite 100, Duluth, Georgia; call (770) 814-7920; or visit the website at http://www.cognex.com.
Key contacts:
Emory Berry
CFO
Bob Settle
Director of Marketing