CyberOptics Receives $1.7 Million of New Orders for 3D MX3000™ Systems

Rhea-AI Summary

CyberOptics Corporation (NASDAQ: CYBE) announced new orders worth $1.7 million for its MX3000 memory module inspection systems, utilizing Multi-Reflection Suppression™ (MRS™) sensors. These systems are expected to generate revenue in the first half of 2022. The company continues to leverage its advanced 3D sensing technology to enhance productivity and yield in the SMT and semiconductor markets.

Positive

• Received new orders valued at $1.7 million for MX3000 inspection systems.
• Revenue from new orders expected in the first half of 2022.
• Strengthens position in SMT and semiconductor markets with advanced technology.

Negative

• Potential risks from a worldwide recession due to COVID-19.
• Market conditions affecting revenue and operations.
• Increased price competition in SMT systems.

MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (Nasdaq: CYBE), a leading global developer and manufacturer of high precision sensing technology solutions, today announced that it has received new orders valued at $1.7 million from a recurring customer for its MX3000 memory module inspection systems, powered by Multi-Reflection Suppression™ (MRS™) sensors. These final vision inspection (FVI) systems are expected to be recognized as revenue in the first half of 2022.

About CyberOptics

CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics’ sensors are used for inspection and metrology in the 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.

Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: a possible world-wide recession or depression resulting from the economic consequences of the COVID-19 pandemic; the negative effect on our revenue and operating results of the COVID-19 crisis on our customers and suppliers and the global supply chain; market conditions in the global SMT and semiconductor capital equipment industries; trade relations between the United States and China and other countries; the timing of orders and shipments of our products, particularly our 3D MRS SQ3000 Multi-Function systems and MX systems for memory module inspection; 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 and semiconductor markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives; the market acceptance of our SQ3000 Multi-Function systems and products for semiconductor inspection and metrology; costly and time consuming litigation with third parties related to intellectual property infringement; the negative impact on our customers and suppliers due to past and future terrorist threats and attacks and any acts of war; the impact of the MX3000 orders on our consolidated gross margin percentage in any future period; risks related to cancellation or renegotiation of orders we have received; and other factors set forth in the Company’s filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210825005693/en/

Jeffrey A. Bertelsen, Chief Financial Officer

763-542-5000

Carla Furanna, Vice President of Global Marketing

952-820-5837

Source: CyberOptics Corporation

FAQ

What recent orders did CyberOptics Corporation receive?

CyberOptics Corporation received new orders valued at $1.7 million for its MX3000 memory module inspection systems.

When is CyberOptics expected to recognize revenue from its new orders?

Revenue from the new orders is expected to be recognized in the first half of 2022.

What technology does CyberOptics' MX3000 system utilize?

The MX3000 system is powered by Multi-Reflection Suppression™ (MRS™) sensors.

What are the risks mentioned in CyberOptics' press release?

Risks include potential recession impacts, market conditions, and increased competition.