MINNEAPOLIS--CyberOptics CorporationÂ® today announced that beta testing has commenced on its CyberGage360 3D Scanning System. First revenues are anticipated in 2016.
CyberGage360 is a high-precision automated 3D scanning system which greatly facilitates quality assurance of incoming parts inspection and in process inspection of components on the manufacturing floor, lowering customers' cost of quality and speeding product to market. Designed for use in general purpose metrology, the CyberGage360 has a range of potential industrial applications from automotive to aerospace, where high accuracy and high speed throughput are important.
Incorporating CyberOptics' proprietary 3D Multi-Reflection Suppression (MRS) technology that inhibits measurement distortions, the automated CyberGage360 brings significantly greater accuracy and scanning speeds to the industrial parts inspection market. The combination of 3D scanning automation, greater metrology grade accuracy and speed is superior to other scanning systems currently available in the market. With one-button simplicity, a highly precise full 360 degree automated 3D scan of high tolerance parts can be generated in less than three minutes. This simplicity also enables factory-friendly operation with minimal training.
Subodh Kulkarni, CyberOptics' president and chief executive officer, commented: "As a 3D scanning system based upon our unique 3D MRS technology, we see no viable competitive product for CyberGage360 at this time. We believe the advanced inspection capabilities of this system and solid levels of customer interest should enable CyberOptics to capitalize upon significant growth opportunities in the large and growing 3D scanning market. These factors make us optimistic that CyberGage360 could be a significant contributor to CyberOptics' future growth."
CyberGage360 will be marketed by CyberOptics and LaserDesign, a CyberOptics company.
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics' sensors are used in general purpose metrology and 3D scanning, surface mount technology (SMT) and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
LaserDesign, acquired by CyberOptics in 2014, has been an industrial components 3D scanning technology leader for almost 30 years. LaserDesign's 3D scanning systems have been installed worldwide with Six Sigma industry leaders for First Article Inspection applications with the most complex part shapes requiring high accuracy tolerances. LaserDesign also runs one of the USA's largest 3D Scanning Services bureaus for both inspection and reverse engineering applications. LaserDesign is located within minutes of CyberOptics headquarters in Minneapolis, Minnesota.
Statements regarding the Company's anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global SMT and semiconductor capital equipment industries; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; expectations regarding LDI and its impact on our operations; integration risks associated with LDI and other factors set forth in the Company's filings with the Securities and Exchange Commission.