Perceptron Enters into New Loan Agreement and Expands On-Demand Line of Credit
2017年12月7日 - 6:10AM
Perceptron, Inc. (NASDAQ:PRCP), a leading global
provider of 3D automated metrology solutions and coordinate
measuring machines, today announced it has entered into a new loan
agreement for an $8 million on-demand line of credit with Chemical
Bank. The new credit line provides increased borrowing capacity,
which will allow for greater strategic and operational flexibility.
This agreement replaces the Company’s previous $6 million line of
credit with Comerica Bank.
“We are very excited about this new agreement and the added
resources it provides us to pursue our long-term strategic growth
objectives,” said Dave Watza, President and CEO. “The increased
capacity is a testament to the financial transformation Perceptron
has made and positions us well for additional growth and expansion
of our addressable market. We continue to focus on prudent
management of working capital, and thank our lending partners for
their support.”
The new loan agreement is an on-demand line of credit, secured
by substantially all of the Company’s assets in the United
States.
About PerceptronPerceptron (NASDAQ:PRCP)
develops, produces and sells a comprehensive range of automated
industrial metrology products and solutions to manufacturing
organizations for dimensional gauging, dimensional inspection and
3D scanning. Products include 3D machine vision solutions, robot
guidance, coordinate measuring machines, laser scanning and
advanced analysis software. Global automotive, aerospace and other
manufacturing companies rely on Perceptron's metrology solutions to
assist in managing their complex manufacturing processes to improve
quality, shorten product launch times and reduce costs.
Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary
operations in Brazil, China, Czech Republic, France, Germany,
India, Italy, Japan, Singapore, Slovakia, Spain and the United
Kingdom. For more information, please visit
www.perceptron.com.
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press release may be "forward-looking statements" within the
meaning of the Securities Exchange Act of 1934, including the
Company's expectation relating to the ability to successfully
develop and introduce new products and expand into new customers
and markets. When we use words such as “target,” "will," "should,"
“could,” "believes," "expects," "anticipates," "estimates,"
"prospects," “outlook,” “guidance” or similar expressions, we are
making forward-looking statements. We claim the protection of the
safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 for all of our
forward-looking statements. While we believe that our forward-
looking statements are reasonable, you should not place undue
reliance on any such forward-looking statements, which speak only
as of the date made. Because these forward-looking statements are
based on estimates and assumptions that are subject to significant
business, economic and competitive uncertainties, many of which are
beyond our control or are subject to change, actual results could
be materially different. Factors that might cause such a difference
include, without limitation, the risks and uncertainties discussed
from time to time in our periodic reports filed with the Securities
and Exchange Commission, including those listed in “Item 1A – Risk
Factors” of our Annual Report on Form 10-K for fiscal 2017.
Except as required by applicable law, we do not undertake,
and expressly disclaim, any obligation to publicly update or alter
our statements whether as a result of new information, events or
circumstances occurring after the date of this report or
otherwise.
Company Contact:Investor RelationsPerceptron, Inc. (734)
414-6100
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