Business Summary excerpt from SEC filing dated: June 29, 2006
We design, develop, manufacture and market automated optical inspection, or AOI, systems and related products. AOI systems are computerized systems, which optically inspect various types of electronic product components for defects caused during the manufacturing process. Our AOI systems are used to enhance both production processes and yields for manufacturers in three industries: the printed circuit board, or PCB, industry; the high density interconnect, or HDI-S, industry; and the semiconductor manufacturing and packaging industry. Our systems provide our customers with a high level of defect detection, are highly reliable and offer high throughput. We have sold more than 1,600 of our AOI systems in over 30 countries around the world, predominantly to the PCB industry, of which we believe over 1,050 systems are still in use. Our customer base includes a majority of the largest 100 PCB manufacturers worldwide as well as 6 out of the top 15 semiconductor manufacturers. Our global, direct customer support network provides responsive, localized support for our installed base.
Our products incorporate proprietary advanced image processing software and algorithms, as well as advanced electro-optics and precision mechanics. They are designed for easy operation and maintenance. In addition, our AOI systems use technology that enables our customers to handle a wide range of inspection and verification needs.
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