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Cognex Increases Quarterly Cash Dividend



  Cognex Increases Quarterly Cash Dividend

Business Wire

NATICK, Mass. -- April 30, 2012

Cognex Corporation (NASDAQ: CGNX) announced today that the company’s Board of
Directors declared a quarterly cash dividend of $0.11 per share, payable on
June 15, 2012, to all shareholders of record at the close of business on June
1, 2012. This dividend represents an increase of $0.01 per share, or 10% over
the $0.10 per share dividend paid in the prior quarter. Cognex has increased
its dividend by 120% since the beginning of 2010.

“The dividend increase announced today is the fifth increase in the past two
years,” said Dr. Robert J. Shillman, Chairman of Cognex. “It demonstrates the
confidence that the Board of Directors has in Cognex’s financial strength, and
in our ability to generate strong cash flows.”

“Cognex has been highly profitable over the past two years even while
investing in research and development and sales and marketing to fuel future
growth,” said Robert J. Willett, Chief Executive Officer of Cognex. ”We are
happy to share our success in a tangible way with our shareholders.”

About Cognex Corporation

Cognex Corporation designs, develops, manufactures and markets a range of
products that incorporate sophisticated machine vision technology that gives
them the ability to “see.” Cognex products include barcode readers, machine
vision sensors and machine vision systems that are used in factories,
warehouses and distribution centers around the world to guide, gauge, inspect,
identify and assure the quality of items during the manufacturing and
distribution process. Cognex is the world's leader in the machine vision
industry, having shipped more than 750,000 vision-based products, representing
over $3 billion in cumulative revenue, since the company's founding in 1981.
Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and
distributors located throughout North America, Japan, Europe, Asia and Latin
America. For details visit Cognex online at http://www.cognex.com.

Certain statements made in this press release, which do not relate solely to
historical matters, are forward-looking statements.These statements can be
identified by use of the words “expects,” “anticipates,” ”estimates,”
“believes,” “projects,” “intends,” “plans,” “will,” “may,” “shall,” “could,”
“should,” and similar words.These forward-looking statements, which include
statements regarding future financial performance, profitability, cash flows
and growth, involve known and unknown risks and uncertainties that could cause
actual results to differ materially from those projected.Such risks and
uncertainties include: (1) current and future conditions in the global
economy; (2) the cyclicality of the semiconductor and electronics industries;
(3) the inability to penetrate new markets; (4) the inability to achieve
significant international revenue; (5) fluctuations in foreign currency
exchange rates; (6) the loss of a large customer; (7) the inability to attract
and retain skilled employees; (8) the reliance upon key suppliers to
manufacture and deliver critical components for Cognex products; (9) the
failure to effectively manage product transitions or accurately forecast
customer demand; (10) the inability to design and manufacture high-quality
products; (11) the technological obsolescence of current products and the
inability to develop new products; (12) the failure to properly manage the
distribution of products and services; (13) the inability to protect Cognex
proprietary technology and intellectual property; (14) involvement in
time-consuming and costly litigation; (15) the impact of competitive
pressures; (16) the challenges in integrating and achieving expected results
from acquired businesses; (17) potential impairment charges with respect to
Cognex’s investments or for acquired intangible assets or goodwill; (18)
exposure to additional tax liabilities; (19) information security breaches or
business systems disruptions; and (20)the other risks detailed in Cognex
reports filed with the SEC, including its Form 10-K for the fiscal year ended
December 31, 2011.You should not place undue reliance upon any such
forward-looking statements, which speak only as of the date made. Cognex
disclaims any obligation to update forward-looking statements after the date
of such statements.

Contact:

Cognex Corporation
Susan Conway, 508-650-3353
Director of Investor Relations
susan.conway@cognex.com
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