Cognex Partners with Lockheed Martin to Help DOD Contractors Meet New Government Requirements for Parts Identification
NATICK, MA, June 28, 2005 -- Cognex Corporation (NASDAQ: CGNX), the world's leading supplier of machine vision systems and industrial identification solutions, announced today that it has entered into an agreement with Lockheed Martin to jointly promote products to help Department of Defense contractors meet new government requirements for unique identification of parts. This agreement enables Cognex and Lockheed Martin to approach customers with a simple-to-adopt solution for meeting Department of Defense compliancy requirements, said Justin Testa, Senior Vice President of ID Products for Cognex. As a result, customers can get state-of-the-art technology, and avoid the cost of reinventing the process internally.The Department of Defense Unique Identification (UID) Compliancy Initiative requires that every piece of equipment purchased by the Department of Defense with a value greater than $5,000, or that requires serialization, be marked with a 2D matrix code which clearly distinguishes each individual item from all others. Cognex is the leading provider of ID readers designed to read and verify 2D Data Matrix codes on a variety of surfaces. Lockheed Martin supplies a flexible and easy to install software application that manages UID-related data, creates a process audit trail, and ensures that the suppliers process meets DoD policy requirements. Together, Cognex ID reading technology and Lockheed Martins I-GUIDES data management application provide DoD contractors with a total, cost effective solution to meet DoD identification requirements. UID compliancy requirements represent a big change for Defense Department suppliers, and this agreement can make those changes easier for suppliers and accelerate the success of the Defense Departments UID program, said Richard Erickson, program manager for I-GUIDESTM at Lockheed Martin Maritime System & Sensors Tactical Systems line of business. This agreement gives us a key relationship with a world leader in machine vision systems, vision sensors, and ID readers. It also gives us access to vision technology that will keep us on the cutting edge of developments in Data Matrix technology as it relates to UID Compliancy. About Lockheed MartinHeadquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. About CognexCognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can "see." Cognex is the world's leader in the machine vision industry, having shipped more than 250,000 machine vision systems, representing over $1.8 billion in cumulative revenue, since the company's founding in 1981. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems which are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex's Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems which are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers, and plastics. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices and distributors located throughout North America, Japan, Europe, and Southeast Asia. Visit Cognex on-line at www.cognex.com.
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