Cognex Partners with Mitsubishi ElectricAugust 29, 2008
The two companies agree to jointly develop and market Cognex vision products to Mitsubishi's customers.
NATICK, MA /BUSINESS WIRE/ -- Cognex Corp. announced that it has signed an agreement with Mitsubishi Electric Corp. to jointly develop and market Cognex vision products to Mitsubishi's customers around the world. Mitsubishi Electric, based in Tokyo, Japan, is a leading worldwide provider of factory automation products (e.g. programmable controllers, motion controls, and industrial robots) and is one of the largest suppliers of those products in Japan and throughout Asia.
Cognex will work with Mitsubishi to develop specially configured versions of Cognex In-Sight vision systems that will be designed to integrate seamlessly with Mitsubishi's factory automation products. In addition to collaborating on product development, the two companies will also jointly promote their integrated solutions at events such as tradeshows and seminars. As a result of this collaboration, Mitsubishi's factory automation customers will be able to purchase Cognex vision systems and quickly deploy them in their manufacturing operations. Cognex expects that this partnership will significantly accelerate the sale of its vision systems, first in Japan and eventually in the fast-growing markets throughout Asia.
"Cognex machine vision systems are already being used together with Mitsubishi factory automation products to help guide robots, to direct motion control systems, and to automate a wide range of manufacturing processes," said Dr. Robert J. Shillman, Chairman and Chief Executive Officer of Cognex. "This new partnership, which will result in dramatically improved connectivity between our respective products, is expected to increase the sale of both Cognex vision systems and Mitsubishi's factory automation products against our common competitors."
"Mitsubishi Electric is one of the world's most highly respected factory automation companies, and is the largest provider of factory automation products in Japan and Asia. We are proud to be selected as their exclusive vision partner," said Eric Ceyrolle, Executive Vice President of Worldwide Sales and Marketing for Cognex. "The power of Cognex vision will make it easier and faster than ever for Mitsubishi's customers to improve the overall performance of their manufacturing processes."
With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corp. is a recognized world leader in the manufacture, marketing, and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, and energy, transportation, and building equipment. The company recorded consolidated group sales of 4,049.8 billion yen ($40.5 billion) in the fiscal year ended March 31, 2008.
Cognex Corp. designs, develops, manufactures, and markets machine vision sensors and systems, or devices that can "see." Cognex vision sensors are used in factories around the world to automate the manufacture of a wide range of items, and to ensure their quality. Cognex is a world leader in the machine vision industry, having shipped more than 450,000 machine vision systems, representing over $2.5 billion in cumulative revenue, since the company's founding in 1981. In addition to its corporate headquarters in Natick, MA, Cognex also has regional offices and distributors located throughout North America, Japan, Europe, Asia, and Latin America.
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