This is an exciting time at PVA. We conclude 2013 with continued growth as demand for our core automated dispensing and selective coating solutions remains high. One year ago we projected strength in the North American market and a commitment to acquiring market share in Europe and both have materialized. Increased demand for process customization has spurred this growth and has allowed PVA to differentiate ourselves in the marketplace as an engineered solutions partner.
Strategically, 2013 was a year of transition for PVA. Much work has gone into our plans for the future and many of these efforts will be executed in 2014. Specifically, we have committed to redesigning our product line in what will result in PVA's most aggressive launch in over a decade. This initiative will be unveiled on March 25, 2014 at the IPC APEX Expo.
Additionally, PVA has continued to invest in Europe, a key growth market for our products, by opening a technical center and spare part warehouse in Paris, France. We will also open another service center on the continent in Q1.
Lastly for 2014 and beyond, we are seeing demand for process development and optimization
from our customers and foresee increased involvement as partners to proactively improve their manufacturing efficiency.
