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Products
accounted for approximately 26 percent of the Company's revenue during
1999. During the year, we continued to provide current sensors under long-term
contracts to Daimler-Chrysler for use in its mass transit systems and
to General Motors for use in its locomotives. We completed the purchase
of Terametrix, which added to our line of telemetry products, and we entered
into distribution agreements with Sony, Storage Concepts and others to
fill openings in our product portfolio. The successful completion of these
transactions enabled us to move closer to our objective of supplying fully
integrated data acquisition, storage and analysis systems for use by our
customers in the space, intelligence and defense markets. As we look to the future, we believe Products will benefit from our new contract to supply Genie with current sensors for use in its latest garage door opening system. In addition, our new threaded, high-pressure closure will provide us with additional opportunities in the energy markets as capital spending in this sector begins to recover from 1999 levels. We plan to introduce an updated line of instruments and probes for use by Agilent Technologies, Toyo and other such customers who market systems for use in industrial research, laboratory and manufacturing applications. And finally, we will continue to invest in new product development and partnering opportunities so that we can offer our customers an ever-increasing array of value-added, feature-competitive products. |
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