Applied Vision's 2008 Sales Contribute to Five-Year Growth Trend
March 19, 2009
AKRON, OH - Applied Vision Corp., a provider of machine vision inspection systems for the container manufacturing industry, recently announced 2008 earnings on plan and in line with the company's growth trajectory over the past five years. Applied Vision's latest numbers capped off a 226% increase in revenue from 2004 to 2008, marking the end of a profitable fiscal year with a strong cash reserve position entering 2009.
"Despite difficult economic times worldwide, Applied Vision remains committed to providing our global customer base with the very best technology and service in the container manufacturing industry. With a full pipeline of highly-anticipated products launching in 2009, including Defect Classification Technology and Feature Suppression Technology, as well as cost-effective Technology Upgrade Packages (TUPS), we look forward to continuing our international growth and technological leadership," says Manijeh Novini, chief financial officer and co-founder of Applied Vision.
Applied Vision Corp. designs and manufactures application¬specific machine vision inspection systems for packaging, food and beverage containers and color printing. Applied Vision systems are sold worldwide through original equipment manufacturers (OEMs), value added resellers (VARs), full¬service distributors and company direct.