ViTrox has successfully expanded the market reach from Asia and Greater America to Europe and Japan for our Advanced 3D AXI system in 2011. Our revenue growth has doubled for the PCA Inspection Business Unit from 2010 to 2011.
We are expecting 2012 revenue for the V810 AXI system to be double from 2011 despite the market softening. This is a result of ViTrox's seamless effort in R&D, and success in product benchmarking in many Tier-1/Tier2 EMS, OEM and SSC companies around the world in 2011. As the world leader in AXI technologies, we are in agreat position to win more accounts and customers in 2012 that also will help us to generate new revenue sources.
ViTrox's commitment to R&D investment does not end here. We have established a three-year roadmap for our AOI and AXI business with the primary objectives of creating key technology differentiation and expanding our product portfolio offerings to paste inspection and 3D AOI.
ViTrox's long-term vision is to revolutionize vision inspection systems into vision measurement and in-process yield improvement systems. In order to achieve our goal, we have an aggressive two-year hiring plan in Malaysia and the U.S. for another 100 R&D engineers.
