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 email@example.com
Cognex Increases Quarterly Cash Dividend
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