Perceptron Shares Add 5% After Winning Contract From North American Car Maker

Perceptron shares were higher 5% on Monday after the company said an unnamed North American car maker has selected the company for its upcoming large vehicle program.

Perceptron provides a real-time view of the customer’s production quality, allowing them to make adjustments and evaluate the results. The company said its integrated reporting package enables insight into the manufacturing process, turning data into actionable information.

“The project involves four manufacturing plants with each plant receiving over fifteen stations,” Perceptron said. “The stations will be positioned throughout the manufacturing process to measure the critical vehicle subassemblies such as doors, hoods, underbodies, side frames, as well as the completed body.”

The gauging stations are currently in the design phase with plant installations starting January 2017, Perceptron said.

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