year 2009 turned disappointing for many laser companies seeking
for continuous growth of business, it appears like 2010 starts
brighter for many of us. Based on the market analysis by Laser
Focus World released in January 2010, this year world wide
laser markets should again grow at least to the level of 2006.
The laser market will probably still remain narrow for many
of us, but companies surviving with least damages over 2008-2009
will surely succeed in coming growth period. We, at Modulight,
are happy to be in this position with sustained business in
2009 and record quarterly revenues behind for Q1-2010. Overall,
we are seeing significant pick up of business in many segments
since January 2010 and are happy to hear that also from many
of our customers.
Modulight, year 2010 appears to be a production ramp up period
for many application fields, like medical diagnostics, display
and range-finding. Alike to past 2-3 years, we will continue
to invest in new product introduction and improvement of existing
key products to help our customers to win new business. We
will also continue to invest in building up efficient channel
partner network in key markets, as witnessed by the recent
agreements with distributors in Italy and Singapore.
wish you all successful year 2010. It's time again to have
faith for the brighter future!
President & CEO