After achieving more than 150 percent growth this year, 2012 promises to be another great growth year for our company. We expect to steadily but rapidly expand into new markets going forward. This includes a greater presence in Asia and South America as well as more penetration into markets that did not consider flexible automated tooling in the past, such as automotive and mobile phones.
Commensurate with our growth, we will be adding more assembly personnel to augment our current assembly and engineering staff. We plan to broaden our current product line to fit more stencil printer, pick-and-place, AOI and other assembly applications. Additionally, there are some very innovative product developments currently progressing in our "skunk works" development lab.
We believe that 2012 may be a challenging year for the industry overall; given all the economic, political and financial uncertainty unfolding lately around the globe. However, our company continues to take advantage of best-in-class performance and value as well as very strong OEM partnerships, which we fully expect will allow us to overcome any potential market headwinds.
