This award is presented to MIRTEC for demonstrating excellence in new product development, having a competitive advantage over existing products in the market, and successfully executing a sound; sales and marketing strategy.
MIRTEC's innovative MV-7xi Inline AOI System has raised the industry standard for throughput, quality, ease of use and reliability. With its revolutionary technology the MV-7xi has found wide spread acceptance among electronics manufacturers thus enabling MIRTEC to establish a leadership position in the highly competitive AOI market.
MIRTEC's competitive advantages include leading edge technologies, a diversified customer base, and vertical market exposure along with an expanded geographic presence. 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.
Despite difficult economic conditions, MIRTEC has recorded 103 percent growth in global revenue, which is testimony to the company's exceptional product offering, strong global sales network and outstanding customer support. With a combined installed base of several thousand systems, and projected sales of more than 500 systems per year, MIRTEC is rapidly gaining market share and establishing its leadership position.
In an industry that is facing a continuing evolution toward higher density PCBs, the industry wide acceptance of advanced packaging is pushing AOI systems to the limits of their capabilities. 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.
The MIRTEC MV-7xi In-line AOI system has earned a solid reputation with leading OEMs and EMS providers throughout the world. The company invests heavily in Research and Development persistently focused on using state-of-the-art optics, lighting and laser technology in the development of its inspection systems. Additionally, MIRTEC has a strong global sales network and sound marketing strategy. This, combined with a �world class� customer support organization, has ensured MIRTEC's position as a global leader in the AOI inspection equipment market. The above factors make MIRTEC the worthy recipient of the 2009 Frost & Sullivan Product Innovation Award in the World AOI market.