Summary: A model is considered to describe the dynamics of Cohen-Grossberg neural networks [

*M. A. Cohen* and

*S. Grossberg*, IEEE Trans. Syst. Man. Cybern. 13, 815–826 (1983;

Zbl 0553.92009)] with variable coefficients and time-varying delays. Uniformly ultimate boundedness and uniform boundedness are studied for the model by utilizing the Hardy inequality. Combining with the Halanay inequality and the Lyapunov functional method, some new sufficient conditions are derived for the model to be globally exponentially stable. The activation functions are not assumed to be differentiable or strictly increasing. Moreover, no assumption on the symmetry of the connection matrices is necessary. These criteria are important in signal processing and design of networks.