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CyberOptics Receives $2.75 Million of Orders for Memory Module Inspection Systems

September 4, 2018

MINNEAPOLIS--(BUSINESS WIRE)--Sep 4, 2018--CyberOptics® Corporation (Nasdaq: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, today announced that it has received orders valued at approximately $2.75 million for MX600 memory module inspection systems. The orders were received from the same customer who previously purchased the MX600.

Based on current material lead times, the Company presently anticipates that revenue from these orders will be recognized in the first half of 2019. The Company will provide updates regarding the potential timing of revenue recognition as the year progresses.

About CyberOptics

CyberOptics Corporation ( www.cyberoptics.com ) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics’ sensors are used in SMT, semiconductor and metrology 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005437/en/

CONTACT: CyberOptics Corporation

Jeffrey A. Bertelsen, 763-542-5000

Chief Financial Officer

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SEMICONDUCTOR MANUFACTURING ENGINEERING

SOURCE: CyberOptics Corporation

Copyright Business Wire 2018.

PUB: 09/04/2018 09:00 AM/DISC: 09/04/2018 09:01 AM

http://www.businesswire.com/news/home/20180904005437/en

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