NATICK, MA, USA March 22, 2010
Cognex and Fuji Resolve Vision Software Patent Dispute
Natick, MA. March 22, 2010--Cognex Corporation (NASDAQ: CGNX) is pleased to announce it has reached a settlement with Fuji Machine Manufacturing Co., Ltd. and its U.S. subsidiary Fuji America Corporation concerning the importation and sale of equipment using machine vision software. Terms of the resolution between the parties were not made public. Cognex's dispute with other machine vision companies continues in the United States International Trade Commission and in the District Court of Massachusetts.
“Cognex is pleased that we could reach a mutually acceptable resolution to the ongoing ITC and District Court matters,” said Todd Keebaugh, Cognex Vice President of Legal Affairs. “We value our relationship with Fuji and look forward to the opportunity of working with them to strengthen our business partnership going forward.”
Sr. Manager, Corporate Communications
phone: (858) 350-5065
Cognex Corporation (“the Company” or “Cognex”) invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.
Cognex is the world's leader in the machine vision industry, having shipped more than 4 million image-based products, representing over $10 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.