Message from the President

MESSAGE FROM THE CHAIRMAN OF EGIDE GROUP - JANUARY 2017

In 2016, 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 in 2017.

We have 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.


Sincerely,

James F. Collins
Chairman and Chief Executive Officer