James (Jim) F. Collins, Chair-CEO, commented: "Santier's integration has proceeded as planned after four months of operations within the Group and exceeded our expectations in terms of sales and earnings. The Bollène site has been equipped with a clean room in addition to a chemical gold-plating line for optoelectronic applications. The costs associated with these investments, additional personnel required and startup costs impacted Egide SA's results in the period, with an improvement in productivity expected in the months ahead. Revenue for Egide USA remained stable despite the impact of the decision of our customer Textron Defense Systems to discontinue its Sensor Fused Weapon program.