we have seen organic growth in terms of bookings, revenue and order backlog.
Our renewed board of directors has set the goal to grow to 10% of the total
available market of the hermetic packages by 2020. To assist in achieving this
goal, the board has approved, and set guidelines, for an external acquisition
identified an American company that complements the current products offered by
EGIDE. This company serves within the same market segments, but offers
components that are different than hermetic packages. This external growth will
significantly add to our revenues while providing potential areas of
integration, such as commercial and technical activities. It will also positively
affect our profit and cash generation.
The Board has given me an opportunity to lead the company in our new strategic plan, which includes significant growth over the coming years. We will work together to make the company the premier hermetic package supplier and grow to our new goal of 10% of the TAM.
Chairman and Chief Executive Officer