industry, PNE International is pleased to share with you the launch of our Americas affiliate, designed to best meet the needs of our domestic partners. Our expansion in the Americas will continue our successful partnerships as we provide the valuable outsourcing link in your product development and manufacturing.

For the past 3 decades, understanding marketplace needs and preparing for them in advance has underscored the framework for PNE's international success, spawning the development of the eight divisions that now represent the Singapore-based PNE International. Constant market readiness has allowed PNE to expand horizontally -- now employing more than 4,500+ worldwide -- as it grew vertically. With short product life cycles, this combined horizontal expansion and vertical integration permits PNE to capitalize on manufacturing economies of scale, passing valuable cost savings on to our clients. In addition to creating cost savings, with more than three million square feet of manufacturing facilities, PNE's global competitiveness is unparalleled.

With our Americas affiliate, PNE's Comprehensive Vertical Capabilities™ will set new time-to-market standards for the manufacturing industry. Our highly qualified engineers look forward to your cutting edge design challenges and our manufacturing experts will offer technical and creative problem solving to assure successful outcomes throughout our integrated systems.

We're especially proud of the ISO 9002 quality award granted to every one of our international facilities. We salute our dedicated management teams and their talented employees for striving toward this designation, reflecting the highest quality, industry-wide manufacturing standards and practices.

As we celebrate being in the Americas, we look forward to achieving successful results by executing your designs and meeting your manufacturing needs, from concept to completion.