With rising overseas labor costs, extended logistics and intellectual property concerns continuing to affect U.S.-based manufacturers, we see the North American assembly market increasing in 2014 and beyond. One sign of this is that in addition to increased sales of our used equipment, sales of our new equipment are also on the rise.
In particular, we are seeing strong growth in our new ESE solder-paste printers from Korea, as well as our Long-Stars conveyors, which are manufactured in China with CE-approved components from global suppliers. The market has responded to these products not only because of their competitive pricing, but also because of their high quality and reliability--an indicator of the industry's interest in long-term success.
Another growth area has been our component feeders, especially our new, OEM Panasonic CM 402/602 models. Here too customers have been interested not just in low price but quality and reliability.
To meet the needs of this growing market, besides offering quality used and new equipment at competitive prices, we will continue to provide our customers with outstanding service and support, including factory-trained staff. Our motto is "We stand behind what we sell."
