Seeking Alpha

Perceptron soars after announcing major German automotive deal

  • An unnamed German automaker has agreed to buy 45 of Perceptron's (PRCP +24.7%) inline gauging/measurement systems, which rely on its Helix 3D scanning tech. The order is said to represent "the largest single-location deployment" of Helix to date. Shipments start in March.
  • Perceptron assets the ability of its products to provide three-dimensional measurement/feedback data in real-time as a vehicle moves down an assembly line was a key selling point.
  • Shares have jumped to levels last seen in the 1990s, and are up 188% from where they traded at the start of 2013.
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