-- The company has demonstrated an unrivaled ability to understand the complexity of electronics assembly as well as key customer needs
MOUNTAIN VIEW, Calif., Nov. 5, 2013 /PRNewswire/ -- Based on its recent analysis of the surface mount technology (SMT) automatic optical inspection (AOI) market, Frost & Sullivan recognizes MIRTEC Co. Ltd. with the 2013 North American Frost & Sullivan Award for Company of the Year. MIRTEC is a pioneer in 3D AOI technology and has demonstrated an ability to provide innovations ahead of its peers, allowing it to command premium prices in a cost-conscious market. It stands head and shoulders above its competition in addressing the constantly evolving complexity within electronics assembly. This singular focus on technology helped its annual revenue for 2012 increase by more than 15 percent in a market where Tier 1 companies are struggling to grow.
MIRTEC's products cater to diverse vertical markets and a customer base that ranks product quality, inspection speeds, reduced false call rates, and increased throughput ahead of price. Its products not only offer substantial return on investment but also unmatched brand value, which has enabled it to acquire key accounts from its competitors, especially in the automotive industry.
Meanwhile, as the electronics industry is transitioning toward miniaturization and micro ball grid arrays, MIRTEC is adopting new technologies that impact electronics assembly. Already, its 3D AOI equipment's features and technology are peerless; it has strengthened its competitive position by ramping up its own camera division as well. Headquartered in the USA, MIRTEC's Camera Divsion, ISVI Corp, is a leading supplier of High-Speed, High-Resolution Industrial Camera Systems servicing a wide range of applications such as Microscopy, Machine Vision, Factory Automation, Robotics, Medical, and more. Customers include O.E.M.'s, system integrators, end-users, researchers, and developers.
"The company's advanced cameras are based on CoaXPress technology, a high-speed, point-to-point, serial communication standard for the transmission of video," said Frost & Sullivan Research Analyst Lavanya Rammohan. "This interface technology combines the simplicity of coaxial cable with state-of-the-art, high-speed serial data technology to offer a revolutionary leap forward in high-speed image and data transmission."
Recently, MIRTEC introduced a 25-megapixel CoaXPress camera that was designed for the AOI market to meet specific inspection demands such as faster inspection speed and high inspection quality. The technology roadmap that MIRTEC offers its customers, coupled with its ability to embrace and inspect the latest electronics technology, sets MIRTEC apart in the market.