"We at MIRTEC continue to invest heavily in R&D persistently focused on addressing the high-density PCB manufacturing requirements associated with today's most advanced mobile products," stated MIRTEC CEO Chanwha Pak. "We are very proud of our continued success in this very competitive market segment."
Brian D'Amico, president of MIRTEC's North American sales and service division, added, "We are very pleased that our products have found widespread acceptance among the industry's leading mobile solution providers. This is an extremely remarkable achievement in light of the fact that there are more than 25 competitors in the highly volatile inspection equipment industry."
MIRTEC's competitive advantages include leading-edge optics and laser inspection 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.
Testament to MIRTEC's exceptional product offering, strong global sales network and outstanding customer support, MIRTEC recorded 96 percent growth in global sales revenue for 2010, reportedly earning the company second place in global market share for total AOI and SPI sales revenue throughout 2010. With a combined installed base of several thousand systems, and projected sales of more than 1,000 systems per year, the company is rapidly gaining market share and establishing its leadership position.