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AWARD Details  
2013 FROST & SULLIVAN COMPANY OF THE YEAR AWARD
 
 
2009 MIRTEC Corp Ranked As Fastest Growing Company




Award Date: 2013

SMT Automatic Optical Inspection
North America, 2013

Frost & Sullivan’s Global Research Platform

Frost & Sullivan is in its 50th year of business with a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies. The company’s research philosophy originates with the CEO’s 360-Degree Perspective™, which serves as the foundation of its TEAM Research™ methodology. This unique approach enables us to determine how best-in-class companies worldwide manage growth, innovation and leadership. Based on the findings of this Best Practices research, Frost & Sullivan is proud to present the 2013 North American Company of the Year Award in SMT Automatic Optical Inspection to MIRTEC Co. Ltd.

Significance of the Company of the Year Award

The electronics industry is rapidly transitioning toward smaller and more compact products. This, in turn, has led to shrinking component sizes, reduced printed circuit board sizes, and complicated circuitry. As a result, there is increasing demand for high-quality inspection at the electronics assembly and finished goods testing stages. The surface mount technology (SMT) automatic optical inspection (AOI) equipment market is currently encumbered by severe price competition. In a market where technology is reaching maturity, especially for 2D technology, companies are depending on pricing strategies to provide competitive differentiators.

Frost & Sullivan has observed an increasing drive for advanced technology innovation as companies focus on 3D AOI product lines. While price is a key factor, customers are seeking AOI equipment that can provide accurate inspections at higher speeds, with few false call rates, high-quality detection, increased throughput, and faster cycle times. For true differentiators, AOI equipment manufacturers have to focus on research and engineering elevation, anticipate customer requirements, and foster long-term strategic partnerships. Frost & Sullivan's research indicates that distinctive product innovation, dedication to customer service, and a strong support network are vital for success in this space. Frost & Sullivan's research also shows that MIRTEC has successfully distinguished itself through technical leadership, versatility of its product line, and superior customer service.

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