Applied Vision exceeds 2010 forecast by 35%

Applied Vision Corp. (Akron, OH, USA), which provides machine-vision inspection systems for the container manufacturing industry, has announced 2010 earnings exceeding the company's original forecast by 35%, marking the end of a record fiscal year entering 2011.

"Applied Vision emerged from fiscal year 2010 stronger than ever," says Manijeh Novini, chief financial officer and cofounder. "The hard work and sound decisions of the many exceptional members of our organization made it possible to achieve our best figures ever. This has been a time of uncertainty for all businesses, yet we at Applied Vision still experienced solid growth. We attribute that to our commitment to our customers, who rely on us for continued technological innovation industry leadership and service."

SOURCE: Applied Vision

-- Posted by Vision Systems Design