BeaconEquity.com announces the publication of ‘Cognex Corporation (CGNX) Earned $11.1 million for Q4 2007’
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Cognex Corporation (CGNX) Earned $11.1 million for Q4 2007
The intricacies in factory and industrial jobs with magnified volume of work for employees saw the dawning of a new technology that reduces and simplifies human work. Machine vision systems are programmed to perform narrowly defined tasks such as counting objects on a conveyor, reading serial numbers, and searching for surface defects. Most manufacturers favor machine vision systems for visual inspections that require high-speed, high-magnification, 24-hour operation, and/or repeatability of measurements. Cognex Corporation (CGNX) designs, develops, manufactures, and markets machine vision systems, or computers, which are used to automate a range of manufacturing processes where vision is required. The Company serves semiconductor and electronics capital equipment markets, the discrete factory automation markets, and the surface inspection markets.
Machine vision systems cover tasks traditionally occupied by human beings whose degree of failure is classically high through distraction, illness and circumstance. Cognex Corporation caters to these needs of manufacturing and production companies that require high degree of skills, dexterity and uninterrupted work process. Cognex Corporation's Modular Vision Systems division designs, develops, manufactures, and markets modular vision systems that are used to automate the manufacture of discrete items, such as semiconductor chips, cellular phones, and light bulbs, by locating, identifying, inspecting, and measuring them during the manufacturing process. The Company's Surface Inspection Systems division designs, develops, manufactures, and markets surface inspection vision systems that are used to inspect the surfaces of materials processed in a continuous fashion, such as paper, metals, plastics, and non-wovens. Recently, Cognex said its sales to the surface inspection market rose to $12 million, while sales to the factory automation market grew to $40 million.
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