Cognex Corp (NASDAQ:CGNX)

Cognex Corp. designs, develops, manufactures and markets machine vision and industrial ID systems, or devices that can """"see"""". Cognex vision and ID systems are used around the world for a wide range of inspection, identification and guidance applications throughout the manufacturing and distribution process. The company operates through two segments: Modular Vision Systems and Surface Inspection Systems. The Modular Vision Systems segment develops, manufactures, and markets modular vision systems that are used to control the manufacture of discrete items by locating, identifying, inspecting, and measuring them during the manufacturing process. The Surface Inspection Systems segment develops, manufactures, and markets surface inspection vision systems that are used to inspect surfaces of materials processed in a continuous fashion, such as metals, papers, non-wovens, plastics, and glass, to ensure there are no flaws or defects on the surfaces. The company was founded by Robert J. Shillman, William Silver and Marilyn Matz in 1981 and is headquartered in Natick, MA.