Perceptron Receives Full Redemption of Long-Term Illiquid Investment

Perceptron Receives Full Redemption of Long-Term Illiquid Investment 
PLYMOUTH, MI -- (Marketwired) -- 06/19/13 --  Perceptron, Inc.
(NASDAQ: PRCP) today announced that Primus Financial Products, LLC
("Primus"), redeemed the remaining outstanding shares of its Floating
Rate Cumulative Preferred Stock Series I and Series II ("Preferred
Stock") at the full value of $1,000 per share. Perceptron held 2,600
shares of the Preferred Stock and received $2.6 million. These
securities have been held as long-term investments, and were written
down to their current carrying value of approximately $1.47 million
in fiscal year 2009. The redemption will result in an increase of
approximately $1.0 million in net income in the fourth quarter of
Perceptron's 2013 fiscal year, and represents an expected increase of
approximately $0.12 in basic earnings per share. 
"This is excellent news for Perceptron and its shareholders," said
Harry Rittenour, Perceptron's President and CEO. "As many of our
shareholders know, we originally invested in Primus' Auction Rate
Securities and have held this investment since 2007 when the auctions
on the securities began to fail during the credit crisis. Several
years ago Primus converted the Auction Rate Securities to preferred
shares. We have continuously monitored Primus' financial situation
since that time and elected not to sell the shares at a discount. We
are very pleased that our patience and judgment have been rewarded." 
About Perceptron(R) 
 Perceptron develops, produces, and sells
non-contact measurement and inspection solutions for industrial
applications. The Company's products provide solutions for
manufacturing process control as well as sensor and software
technologies for non-contact measurement, scanning, 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. The
Company also offers Value Added Services such as training and
customer support services. Headquartered in Plymouth, Michigan,
Perceptron has approximately 230 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 expectation as to the
impact of the redemption of a long-term investment held by the
Company on its fiscal year 2013 earnings. 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. While we believe
that our forward-looking statements are reasonable, you should not
place undue reliance on any such forward-looking statements, which
speak only as of the date made. Because these forward-looking
statements are based on estimates and assumptions that are subject to
significant business, economic and competitive uncertainties, many of
which are beyond our control or are subject to change, actual results
could be materially different. Factors that might cause such a
difference include, without limitation, the risks and uncertainties
discussed from time to time in our reports filed with the Securities
and Exchange Commission, including those listed in "Item 1A - Risk
Factors" of the Company's Annual Report on Form 10-K for fiscal 2012.
Except as required by applicable law, we do not undertake, and
expressly disclaim, any obligation to publicly update or alter our
statements whether as a result of new information, events or
circumstances occurring after the date of this report or otherwise.  
Contact: 
Jack Lowry
Vice President of Finance and CFO
734-414-6100 
 
 
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