While 2013 presented many opportunities and challenges, it
was the LED and lighting market that outshone the rest, pardon the pun. The growth in the America's for this market segment was a welcome addition to the on-shoring trend for the year. LED and Lighting applications accounted for nearly sixty percent of orders. The particular challenges of these applications proved to be a differentiating factor for
Alpha 1 Technologies. We now consider our application expertise in the segment to be a core competency and will continue to refine this approach for 2014.
The US economy is forecasted to grow 2.4% for 2014, and our outlook is much the same in terms of quarter to quarter performance. We expect growth to come from small to mid sized OEM's and are positioning ourselves to serve these markets accordingly. Many companies in this demographic are expected to bring manufacturing in house to help control product cost and quality. Alpha 1 is aligning our solutions to react to this in a timely and cost efficient manner.
Lastly, by expanding our product portfolio to include pcb assembly services will allow us to broaden our reach to our customer's needs in the coming year. Our specialization in
offering full line solutions uniquely positions us to respond to every aspect of manufacturing requirements.
