Cognex Acquires SUALAB, a Korean Provider of Deep Learning Machine Vision Solutions

Acquisition will advance Cognex’s leadership in the field of deep learning-based machine vision, and the
automation of visual inspection tasks in the industrial sector.

The addition of SUALAB’s engineering team and the innovative technology they bring to the table is
expected to enhance Cognex’s existing deep learning capabilities.

“Deep learning enables Cognex to solve many challenging inspection applications in factories, which, until
now, could only be done by large teams of human visual inspectors,” said Robert J. Willett, President and
CEO of Cognex. “…In the future these tasks will be carried out more reliably and at lower cost using machine
vision.”

Dr. Robert J. Shillman, Cognex’s founder and Chairman said, “We’re very excited to welcome the SUALAB
team to Cognex; they are a great fit for our work hard, play hard and move fast culture.”

SUALAB was co-founded in 2013 in Seoul, Korea, by Song Kiyoung, who will join Cognex and help lead the
world’s largest team of engineers specializing in the use of deep learning for industrial machine vision
applications.

“Our goal at SUALAB has been clear since our founding—to be the global leader in deep learning-based
vision inspection,” said SUALAB CEO and co-founder, Song Kiyoung. “By joining Cognex, we have reached
that goal, and together, we plan to accelerate our efforts to help more customers solve even the most
complex vision applications faster, easier and more cost-effectively.”

For more information, visit Cognex on sps in Nuremberg, from November 26 – 28, in hall 7A, booth 512.

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