Applied Vision reports record 2010 earnings

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Applied Vision, a provider of machine vision inspection systems for the container manufacturing industry, has announced 2010 earnings exceeding the company's original forecast by 35 per cent, marking the end of a record fiscal year.

'Applied Vision emerged from fiscal year 2010 stronger than ever,' said Manijeh Novini, chief financial officer and co-founder. 'The hard work and sound decisions of the many exceptional members of our organisation 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.'