Thanks! The write-up below gives additional insight.
PLYMOUTH, MI--(Marketwired - Sep 23, 2013) - Perceptron, Inc. (NASDAQ: PRCP), a leading provider of information-based process improvement solutions for non-contact measurement and inspection applications, today announced that it has received a second Helix order from a Japanese Original Equipment Manufacturer ('OEM') for in-line dimensional gauging. The first order from this customer was for a system at a manufacturing plant in the United Kingdom and was received in May 2013. This new order is for a manufacturing facility located in China.
Harry T. Rittenour, Perceptron's President and CEO, said, "As I mentioned in our fourth quarter and fiscal year 2013 earnings call, this is significant for our company as it represents a follow-on order from this particular Japanese manufacturer and utilizes our Helix hardware and software platform. The first customer order was what we refer to as a 'hybrid' system because it utilized robot mounted Helix sensors to measure dimensional features on the car body and fixed Tri-cam sensors to 'optically' locate the part using our Visual Fixturing technology. This new order is also a hybrid system, utilizing both fixed and robot mounted sensors, but in this case all of the sensors are Helix."
JP LaForest Perceptron's Managing Director for Asia added, "Our Helix technology, and our Teams located in Japan, the U.S. and China, all played an important part in winning this order. Installation of the second order is expected to begin in approximately December of this year. We continue to work closely with our customer and are hopeful that successful installations of these two orders will lead to future business with this particular OEM."
This stock is still pretty underfollowed so you might not see much of a pop tomorrow, but it is indeed good news for the new 2014 fiscal year which starts this quarter and will make it a lot easier for them to go after other Japanese OEM's. This stock is headed to $15 by end of next year :0)
$12 - $13 seems like is a possibility this year