Jul 22 2009
Based on its recent analysis of the automated optical inspection (AOI) equipment market, Frost + Sullivan recognizes MIRTEC with the 2009 Global Frost + Sullivan Award for Product Innovation of the Year for its innovative MV-7xi inline AOI system. This revolutionary AOI system combines high-speed inspection with superior performance, accuracy, quality, and repeatability.
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"The continuing evolution toward higher density PCB's and the industry wide acceptance of advanced packaging is pushing AOI systems to the limits of their capabilities," says Frost + Sullivan Research Analyst Anupama Srinivasan. "As the manufacturing process becomes increasingly more complex, the engineering team at MIRTEC continues to bring to the market new and innovative AOI solutions designed to give their customers a competitive edge in dealing with both their immediate and future inspection requirements."
MIRTEC's competitive advantages include leading edge optics and laser inspection technology, an award winning global support organization, a diversified customer base, and an expanded geographic presence. It is no surprise that despite difficult economic conditions, MIRTEC has recorded triple digit growth in global sales revenue, which serves as testimony to its exceptional product offering and outstanding customer support.
"MIRTEC products have been extremely successful in high-volume markets including cell phone and MP3 player manufacturing, as well as low-volume high-mix markets such as medical, automotive, aerospace and defense," Notes Srinivasan. "With a combined installed base of several thousand systems and projected sales of over 500 systems per year, the company is rapidly gaining market share and establishing its leadership position."
Each year, Frost + Sullivan presents this award to the company that has demonstrated excellence in new products and technologies within its industry. The recipient company has shown innovation by launching a broad line of emerging products and technologies.
Frost + Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.