Perceptron Announces Third New Commercial Products Customer Signing

PLYMOUTH, MI, Apr 06 (MARKET WIRE) --
Perceptron, Inc. (NASDAQ: PRCP) today announced that it recently signed a
supply agreement with a new Partner under which Perceptron will supply
new visual inspection products specifically designed for professional
trades and/or for the Do-It-Yourself (DIY) homeowner market. The
agreement is the third new Partner supply agreement the Company has
signed in recent months. Perceptron now has agreements with strategic
partners that are leaders in each of the initial four market verticals
that it planned to work with this fiscal year. The products in this new,
fourth market vertical will allow tradespeople to perform a variety of
inspection and diagnostic tasks at an affordable price.

Richard Price, Vice President of Perceptron's Commercial Products
Business Unit, commented, "This marks an important milestone in our
strategy to sign key partner supply agreements with leaders in each of
the initial four strategic market verticals we identified as significant
for our business. We will now be designing and manufacturing visual
inspection products in the electrical, mechanical, plumbing, and
construction markets offering unique capabilities that are specifically
designed for professional tradespeople in each of these segments. We are
currently in the process of completing product designs and the
development of product release schedules for our most recent new partner.
The timing for the shipment of new products is still being finalized."

Harry T. Rittenour, President and CEO, added, "We are excited about this
new partnership and the opportunity it provides to deliver specialized
visual inspection technology to an underserved market. The recent
signings of new partners are key elements in our ongoing strategy to
expand and diversify our commercial products business. As we have
indicated in the past, we will be able to identify our new partner once
joint product plans are in place and products are ready to launch."

About Perceptron
Perceptron develops, produces, and sells non-contact
measurement and inspection solutions for both industrial and commercial
applications. The Company's Commercial Products Business Unit (CBU)
develops and manufactures a variety of handheld visual inspection devices
and add-on accessories that are sold to and marketed through strategic
partners. CBU's products allow professional trades-people to see in
restricted places and diagnose and solve problems without requiring time
consuming and unnecessary tear out or disassembly. The Industrial
Business Unit's (IBU) products provide solutions for manufacturing
process control as well as sensor and software technologies for
non-contact measurement and inspection applications. Automotive and
manufacturing companies throughout the world rely on Perceptron's
metrology solutions to help them manage their complex manufacturing
processes to improve quality, shorten product launch times and reduce
overall manufacturing costs. IBU also offers Value Added Services such as
training and customer support services. Headquartered in Plymouth,
Michigan, Perceptron has approximately 220 employees worldwide, with
operations in the United States, Germany, France, Spain, Brazil, Japan,
Singapore, China and India. For more information, please visit
www.perceptron.com.

Safe Harbor Statement
Certain statements in this press release may be
"forward-looking statements" within the meaning of the Securities
Exchange Act of 1934, including the Company's ability to successfully
develop and introduce new products, expand into new vertical markets and
successfully negotiate new sales or supply agreements with new customers.
When we use words such as "will," "should," "believes," "expects,"
"anticipates," "estimates" or similar expressions, we are making
forward-looking statements. We claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 for all of our forward-looking statements.
The Company assumes no obligation for updating any such forward-looking
statements to reflect actual results, changes in assumptions or changes
in other factors affecting such forward-looking statements. Actual
results could differ materially from those in the forward-looking
statements due to a number of uncertainties in addition to those set
forth in the press release, including, but not limited to, those set
forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form
10-K for fiscal 2009, the dependence of the Company's net income levels
on increasing revenues, the timing of orders and shipments which can
cause the Company to experience significant fluctuations in its quarterly
and annual revenue, order bookings, backlog and operating results, timely
receipt of required supplies and components which could result in delays
in anticipated shipments, the ability of the Company to successfully
compete with alternative and similar technologies, the ability of the
Company to develop and introduce new products, the ability of the Company
to attract and retain key personnel, especially technical personnel, the
quality and cost of competitive products already in existence or
developed in the future, rapid or unexpected technological changes, and
the effect of economic conditions. The ability of the Company to develop
and introduce new products, especially in markets outside of automotive,
is subject to a number of uncertainties, including general product demand
and market acceptance risks, the ability of the Company to resolve
technical issues inherent in the development of new products and
technologies, the ability of the Company to identify and satisfy market
needs, the ability of the Company to identify satisfactory distribution
networks, the ability of the Company to develop internally or identify
externally high quality cost effective manufacturing capabilities for the
products, general product development and commercialization difficulties,
and the level of interest existing and potential new customers may have
in new products and technologies generally.

Company Contact:
Jack Lowry
Chief Financial Officer
734-414-6100

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