Profile: Cognex Corp (CGNX.OQ)
6 Dec 2013
Cognex Corporation (Cognex), incorporated in 1981, is a provider of machine vision products, which capture and analyze visual information in order to automate tasks, in manufacturing processes, where vision is required. Machine vision is for applications, in which human vision is inadequate to meet requirements for size, accuracy and speed. Cognex has two operating divisions: the Modular Vision Systems Division (MVSD), and the Surface Inspection Systems Division (SISD). MVSD develops, manufactures, and markets modular vision systems, which are used to automate the manufacture of discrete items, such as cellular phones, aspirin bottles, and automobile wheels, by locating, identifying, inspecting, and measuring them during the manufacturing process. SISD develops, manufactures, and markets surface inspection vision systems, which are used to inspect the surfaces of materials processed in a continuous fashion, such as metal, paper, nonwoven, plastic, and glass, to ensure there are no flaws or defects on the surfaces. During the year ended December 31, 2011, MVSD represented approximately 85% of total revenue.
Vision software provides users with the flexibility by combining the full general-purpose library of Cognex vision tools with the cameras, frame grabbers, and peripheral equipment of their choice. The vision software runs on the customer’s personal computer (PC), which enables easy integration with PC-based data and controls. Applications based upon Cognex vision software perform a range of vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance. Cognex’s VisionPro software offers programming with the simplicity of a graphical development environment. VisionPro’s range of vision tools enables customers to solve challenging machine vision applications.
Vision systems combine camera, processor, and vision software into a single, rugged package with a simple and flexible user interface for configuring applications. These general-purpose vision systems are designed to be programmed to perform a range of vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance. Cognex offers the In-Sight product line of vision systems in a range of models.
Vision sensors are designed to deliver solutions for a range of common vision applications, such as checking the presence and size of parts. Cognex offers the Checker product line of vision sensors, which perform a range of single-purpose vision tasks.
ID products read codes, which have been applied or directly marked on discrete items during the manufacturing process. Manufacturers of goods ranging from automotive parts, pharmaceutical items, aircraft components, and medical devices use direct part mark (DPM) identification for appropriate manufacturing processes are performed in the correct sequence and on the right parts. Cognex also offers applications in the automatic identification market outside of the manufacturing sector, such as using ID products in logistics automation for package sorting and distribution. Cognex offers the DataMan product line of ID readers, which includes both hand-held and fixed-mount models.
Surface Inspection Systems
Surface inspection systems detect, identify, track, and report visual defects in any continuous material or process, such as metal, paper, nonwoven, plastic, and glass. The Company’s Smart View Web Inspection System is targeted at high-speed applications, which require accurate surface defect detection and identification. Its SmartAdvisor Web Monitoring System is a process monitoring system, which is used to track defects to their source and determine the root cause. These systems can be delivered as standalone or integrated solutions.
ONE VISION DR
NATICK MA 01760-2059