Perceptron Announces Settlement of LMI Legal Actions

PLYMOUTH, Mich., Oct. 20, 2003 -- Perceptron, Inc. announced that it and LMI Technologies, Inc. (LMI) have settled all previously announced pending legal disputes in Ontario, Canada, and in the U.S. District Court for the Eastern District of Michigan.

As part of the settlement, Perceptron and LMI have agreed to cross license certain intellectual property that was the subject of the disputes.

Alfred A. Pease, Chairman and Chief Executive Officer of Perceptron, commented, "We are happy to have this matter behind us and to have reached a resolution that is fair to both parties."

About Perceptron

Perceptron produces information-based process improvement solutions for industry as well as technology components for non-contact measurement and inspection applications. Automotive and manufacturing companies throughout the world rely on Perceptron's process management solutions to help them improve quality, shorten product launch times and reduce overall manufacturing costs.

Headquartered in Plymouth, MI, Perceptron has approximately 215 employees worldwide, with facilities in the United States, Germany, Spain, France, Brazil, and Japan. For more information, please visit www.perceptron.com .