Applied Vision 2008 earnings in line with growth plan

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Applied Vision Corporation, a provider of machine vision inspection systems for the container manufacturing industry, has announced 2008 earnings in line with the company's growth trajectory over the past five years. Applied Vision's latest earnings capped off a 226 per cent 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,' said Manijeh Novini, chief financial officer and co-founder of Applied Vision. The company has products launching in 2009, including Defect Classification Technology and Feature Suppression Technology, as well as Technology Upgrade Packages (TUPS).

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