Sign up USA
Proactive Investors - Run By Investors For Investors

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.

Giles_55af4ddca6481.jpg


Register here to be notified of future CYBE Company articles
View full CYBE profile

CyberOptics Corporation Timeline

Related Articles

shutterstock_127456451.jpg
March 30 2017
PIFA Heparin PF/4 - a diagnostic test for allergic reactions to blood thinning agent Heparin - achieved an 85% jump in sales in 2016
Stem Cells
March 30 2017
WideCells is aiming to be a major supporting player through its development of a stem cell storage business and, having only listed in London last July, its newsflow so far looks to be pointing the way
1-Operation.jpg
January 18 2017
Deltex’s overseas sales are booming but its previously dominant NHS revenues are dropping off
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use