Aug 01, 2001 Company chosen as one of most successful PME's for export
St. Laurent, Quebec, April 18th, 2001�Le Journal Les Affaires, one of the largest French-language business publications in Canada, today announced that Coreco has earned the prestigious PME (small and medium-sized business) award for export.
The PME is awarded each year in recognition of a company�s excellence in the following categories: export, manufacturing, service and technology. Coreco was singled out as one of the top 8 of the 300 companies that competed this year.
Coreco Inc. is a leading hardware and software developer of computer vision products serving the machine vision and medical imaging markets, worldwide. �We are delighted to be included in this listing of Quebec�s business elite,� says Philip Colet, VP Sales and Marketing. �The ranking represents our significant sales growth in the international markets and clearly confirms Coreco�s position as a key player in this critically important sector.�
Currently, the company exports 95% of its goods, internationally. On a year-over-year basis, Coreco�s sales to Asia increased by 106%, Europe by 95%, and U.S. by 80%. Sales in Canada increased by 23%. Coreco products are distributed in over 28 countries and enjoy the greatest market coverage in both Europe and Asia. Currently, the U.S., Europe and Asia account for 58%, 21% and 16% of total sales, respectively. In addition, Coreco has direct sales offices in the Eastern, Central and Western parts of the U.S. to better serve customer needs.
Coreco Inc. is a leader in the design, development, manufacturing and marketing of hardware and software for high-performance computer vision applications, primarily in the medical imaging, machine vision and industrial inspection markets. The Company employs approximately 160 people and has operations in Montreal (QC), Ottawa (ON), Vancouver (BC) and Bedford (MA), with additional sales offices in Cleveland (OH) and San Juan Capistrano (CA). Founded in 1979, Coreco�s success is driven by sound financial management combined with its commitment to the research and development of value-added products to serve the evolving needs of the computer vision market.
