Business Wire | Apr 27, 2021 04:00PM EDT

CyberOptics Receives New Order Valued at $2.4 Million for Mini LED Inspection and Metrology

Apr. 27, 2021

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 27, 2021--CyberOptics Corporation(r) (Nasdaq: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, today announced that it has received a new order valued at approximately $2.4 million for its SQ3000(tm) Multi-Function systems for mini LED inspection and metrology. The systems are expected to ship periodically through-out 2021, starting in the second quarter ending June 30.

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-lookingand therefore involve risks and uncertainties, including but not limited to: apossible world-wide recession or depression resulting from the economicconsequences of the COVID-19 pandemic; the negative effect on our revenue andoperating results of the COVID-19 crisis on our customers and suppliers and theglobal supply chain; market conditions in the global SMT and semiconductorcapital equipment industries; trade relations between the United States andChina and other countries; the timing of orders and shipments of our products,particularly our 3D MRS SQ3000 Multi-Function systems and MX systems for memorymodule inspection; increasing price competition and price pressure on ourproduct sales, particularly our SMT systems; the level of orders from our OEMcustomers; the availability of parts required to meet customer orders;unanticipated product development challenges; the effect of world events on oursales, the majority of which are from foreign customers; rapid changes intechnology in the electronics and semiconductor markets; product introductionsand pricing by our competitors; the success of our 3D technology initiatives;the market acceptance of our SQ3000 Multi-Function systems and products forsemiconductor inspection and metrology; costly and time consuming litigationwith third parties related to intellectual property infringement; the negativeimpact on our customers and suppliers due to past and future terrorist threatsand attacks and any acts of war; the impact of the MX3000 orders on ourconsolidated gross margin percentage in any future period; risks related tocancellation or renegotiation of orders we have received; and other factors setforth in the Company's filings with the Securities and Exchange Commission.

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CONTACT: Jeffrey A. Bertelsen, Chief Financial Officer 763-542-5000

CONTACT: Carla Furanna, Vice President of Global Marketing 952-820-5837