MINNEAPOLIS – (BUSINESS WIRE) – July 20, 2021–
CyberOptics Â® Corporation (NASDAQ: CYBE), a leading global developer and manufacturer of high-precision 3D sensing technology solutions, today announced that it has received new orders worth approximately $ 2.4 million. dollars for its SQ3000 â¢ multifunction systems for line inspection and metrology in printer cartridge component manufacturing processes. The revenue from these orders should be recognized in late 2021 or early 2022.
CyberOptics Corporation ( www.cyberoptics.com ) is one of the world’s leading developers and manufacturers of high-precision 3D sensing technology solutions. CyberOptics sensors are used for inspection and metrology in the SMD and semiconductor markets to dramatically improve yields and productivity. By leveraging its cutting-edge technologies, the company has strategically established itself as a global leader in high-precision 3D sensors, enabling CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts operations around the world through its facilities in North America, Asia and Europe.
Statements regarding the expected performance of the Company are forward-looking and therefore involve risks and uncertainties, including, but not limited to: a possible global recession or depression resulting from the economic consequences of the COVID-19 pandemic; the negative effect on our revenues and operating results of the COVID-19 crisis on our customers and suppliers and the global supply chain; market conditions in the global SMT and semiconductor capital goods industries; trade relations between the United States and China and other countries; the timing of orders and shipments of our products, in particular our 3D MRS SQ3000 multifunction systems and MX systems for the inspection of memory modules; increasing price competition and price pressure on our product sales, in particular our SMT systems; the level of orders from our OEM customers; the availability of parts necessary to fulfill customer orders; unforeseen product development challenges; the effect of world events on our sales, the majority of which come from foreign customers; rapid technological developments in the electronics and semiconductor markets; product launches and pricing by our competitors; the success of our 3D technology initiatives; market acceptance of our SQ3000 multifunctional systems and products for semiconductor inspection and metrology; costly and time-consuming litigation with third parties related to intellectual property infringements; the negative impact on our customers and suppliers due to past and future terrorist threats and attacks and any act of war; the impact of MX3000 orders on our consolidated gross margin percentage in any future period; the risks associated with the cancellation or renegotiation of orders that we have received; and other factors set out in documents filed by the Company with the Securities and Exchange Commission.
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CONTACT: Jeffrey A. Bertelsen, Chief Financial Officer
Carla Furanna, Vice President of Global Marketing
KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA
INDUSTRY KEYWORD: SEMICONDUCTOR ENGINEERING CHEMICALS / PLASTICS TECHNOLOGY MATERIAL MANUFACTURING
SOURCE: CyberOptics Corporation
Copyright Business Wire 2021.
PUB: 07/20/2021 8:00 a.m. / DISC: 07/20/2021 8:01 a.m.
Copyright Business Wire 2021.