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News Breaks | | | | August 31, 2012 | | 08:48 EDT |  | PRCP | Perceptron announces sale of non-core Commercial Products Business Unit
Perceptron announced that, effective August 30, the Company sold certain assets and liabilities of its Commercial Products Business Unit to Inspectron, Inc. CBU, one of Perceptron's two reporting segments, designs and markets products for sale to professional tradespeople in the electrical, mechanics, plumbing, and construction markets. In FY12, CBU accounted for approximately 9% of Perceptron's total sales. The purchase price was approximately $838,000 in cash. In addition, Perceptron retained CBU's accounts receivable balance of approximately $608,000 that existed at the time of sale. Inspectron acquired the inventory, tooling, customer contracts, patents, trademarks, and other assets associated with CBU's business operations. Under the agreement, Inspectron also assumed all of CBU's service parts and warranty obligations and vendor commitments. Inspectron's President is Richard Price, former Perceptron SVP of the Commercial Products Business Unit. | |
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| May 7, 2013 | | 16:52 EDT | | PRCP | Perceptron announces 15c per share annual dividend
The board of Perceptron declared an annual dividend of 15c per share of common stock to be paid on June 27 to shareholders of record on June 6. | |
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