anniversary year ending with record revenue for Modulight
year 2009 was struggling for many of the companies in the laser
field, year 2010 started with good activity right from the beginning.
This was true also for Modulight as we concluded the first half
of the year with sales 30% up from previous year and are ending
2010 with record revenue and financial result. We could not have
wished for better timing for that, as we celebrated this year the
10th anniversary of the company. On this occasion I would like to
thank again to the customers and business partners who took part
into our parties in January at Photonics West and in August at our
headquarters in Finland. That was fun and resulted also into the
birth of 'Modulight quartet', who we hope to entertain us also in
record performance in 2010 was mainly the result of increased business
of our existing customers complemented by some new interesting accounts.
Defense and medical markets remained the largest growers and we
saw several production ramp ups taking place for coming years, including
IR laser chips to sport range-finders, OEM-laser modules to medical
equipment and red lasers for display and projection. Along with
these high-power laser applications we were happy to witness growing
business in Test&Measurement segment where our pulsed lasers
found their way to OTDR application to support increasing business
activity in communications market. I am confident that our continuous
development efforts for existing products and successful launch
of new product platforms, like the single-emitter based OEM-systems,
will help us to maintain our competitiveness and continuous growth
of business also in the coming years.
With these words, I wish to all our employees, customers and business
partners a joyful and relaxing holiday period and prosperous New
Year of 2011!
President & CEO