Perceptron Announces New Member of the Board of Directors

Perceptron Announces New Member of the Board of Directors 
PLYMOUTH, MI -- (Marketwired) -- 01/27/14 --  Perceptron, Inc.
(NASDAQ: PRCP) today announced that C. Richard Neely, Jr., age 59,
was appointed as a member of the Company's Board of Directors and as
a member and Chairman of the Board's Audit Committee.  
W. Richard Marz, Chairman of the Board of Perceptron, commented, "We
are thrilled to have someone of Mr. Neely's caliber join our Board of
Directors. His more than 30 years of financial and operations
management experience with leading high-tech companies will be a
valuable asset to us. He brings a new dimension to an already strong
Board of Directors." 
A semiconductor industry veteran, Mr. Neely currently serves as
Senior Vice President and Chief Financial Officer of Intermolecular,
Inc., a publicly traded intellectual property development and
services company. Prior to Intermolecular, Mr. Neely was Executive
Vice President and CFO of Tessera Technologies, Inc., a publicly
traded semiconductor intellectual property provider. Before that, he
was CFO and Vice President of Supply Chain at Livescribe, a developer
of smart pens and innovative digital writing products. Mr. Neely also
served as CFO at Monolithic Power Systems, a fabless semiconductor
company specializing in high-performance analog integrated circuits,
and CFO at NuCORE Technology, a fabless semiconductor company that
made digital image processors. Earlier in his career, he held a
variety of senior financial management positions at Synopsys and
Advanced Micro Devices. 
Mr. Neely holds a bachelor's degree in economics from Whitman
College, and an MBA from the University of Chicago. He served on the
board of Aviza Technology, a semiconductor equipment supplier, for
several years as chairman of the Audit Committee. 
About Perceptron(R)
 Perceptron develops, produces, and sells
non-contact 3D machine vision solutions for measurement, inspection,
and robot guidance in industrial applications. Manufacturing
companies throughout the world rely on Perceptron's hardware and
software solutions to help them manage their complex manufacturing
processes to improve quality, shorten product launch times, and
reduce costs. Perceptron also offers Value Added Services such as
training and customer support services. Headquartered in Plymouth,
Michigan, Perceptron has approximately 240 employees worldwide, with
operations in the United States, Germany, France, Spain, Brazil,
Japan, Singapore, China, and India. For more information, please
Jeffrey M. Armstrong
President and CEO
734 414-6100 
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