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CyberOptics shares higher as it reveals latest US$2mln order

CyberOptics Corp shares nudged higher as it announced an order worth around US$2mln for automated optical inspection systems.
CyberOptics shares higher as it reveals latest US$2mln order
The firm won an order worth around US$2mln for automated optical inspection systems.

CyberOptics Corp (NASDAQ: CYBE) shares nudged higher as it announced an order worth around US$2mln for automated optical inspection systems.

The deal is for SQ3000 automated optical inspection (AOI) systems, based upon the company’s 3D MRS inspection technology platform.

It follows a previously reported $750,000 order for SQ3000 systems that were shipped in the fourth quarter of 2015.

This latest order is scheduled for shipment in the first quarter of 2016.

Subodh Kulkarni, president and chief executive told investors: "As evidenced by these recent sizeable orders, our differentiated 3D MRS technology is enabling CyberOptics to gain share in the global AOI market.

"This order activity reaffirms our confidence in CyberOptics’ future.”

The firm develops and manufactures high precision sensing technology solutions. 

Shares added 2.99% to US$7.94.

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