Cognex Corporation Announces Fourth Quarter Results

NATICK, Mass.–(BUSINESS WIRE)–Jan. 28, 2003–Cognex Corporation (NASDAQ: CGNX – News) today announced revenue for the fourth quarter ended December 31, 2002 of $33,829,000, a 34% increase over the $25,170,000 reported for the fourth quarter of 2001, and net income for the fourth quarter of 2002 of $424,000, or $0.01 per diluted share, compared to a loss of $20,335,000, or $0.46 per diluted share, for the same period a year ago. Cognex reported revenue for the year ended December 31, 2002, of $114,107,000, compared to $140,729,000 for 2001, and a loss for 2002 of $6,027,000, or $0.14 per diluted share, compared to a loss of $11,127,000, or $0.25 per diluted share, for 2001.

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Axcelis Technologies Selects Cognex Wafer Reader for Its Next-Generation Machine

NATICK, Mass.–(BUSINESS WIRE)–Jan. 27, 2003–Cognex Corporation (NASDAQ: CGNX – News), the world’s leading supplier of machine vision systems, announced today that Axcelis Technologies, a leading U.S.-based producer of semiconductor capital equipment, has selected Cognex’s In-Sight 1700 for wafer identification in its next-generation Ion Implanters and Rapid Thermal Processing equipment.

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Data Translation Named EDN 2002 Innovation of the Year Awards Finalist

MARLBORO, Mass.–(BUSINESS WIRE)–Jan. 27, 2003–Data Translation®, Inc. has been selected from a field of hundreds of candidates as a finalist in the EDN 2002 Innovation of the Year Awards competition. This exclusive awards program, sponsored by EDN Magazine, is dedicated to honoring truly outstanding engineering products in the electronics industry.

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