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Mr. Aruliah and his team will be responsible for increasing the sales of Perceptron's Automated Systems, Technology Components and Value Added Services in India's industrial markets.
India is becoming an influential player in the world's economy with a highly skilled workforce, rising middle class and expanding consumer demand in their domestic markets. Over the last three years, India has experienced a consistent growth rate above 8% in the manufacturing and service sectors.
Mark Hoefing, Perceptron Senior Vice President commented, "Opening an office in India offers an excellent revenue opportunity for Perceptron and India is a key market in our global business strategy. We anticipate growth from all of our Asian offices over the next few years as manufacturing companies gain an understanding of the value our products and services can provide to their operations."
The address of Perceptron's India office is:
Perceptron Non-Contact Metrology Solutions Pte. Ltd. No. 12, McNichols Road Chetpet, Chennai 600031, India Office Telephone: +91-44-42849610
About Perceptron(R)
Perceptron develops, produces and sells non-contact measurement and inspection solutions for industrial and commercial applications. The Company's Automated Systems Products provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement 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. Perceptron's Technology Products provide innovative solutions for scanning and inspection, serving industrial, trade and consumer applications. 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 about Perceptron, please visit www.perceptron.com. Perceptron is a registered trademark of Perceptron, Inc.
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 related to revenue opportunities in India and anticipated growth in Asia. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. Actual results could differ materially from those in the forward-looking statements due to a number of uncertainties in addition to those set forth in the press release, including, but not limited to, those set forth in "Item 1A - Risk Factors" of the Company's Annual Report on Form 10-K for fiscal 2008.
Company Contact: Perceptron, Inc. Mark Hoefing (734) 414-4680
SOURCE: Perceptron, Inc.
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