2007 was another great year of growth for both MTL and the markets we serve. It was also a very busy period as we expanded our product range to include a number of key technologies such as wireless and industrial Ethernet with the acquisition of a number of companies including Elpro TechnologiesOver recent years, MTL invested heavily in R&D and in 2008 we should see the fruits of this with the introduction of a number of innovative products across the business. Product highlights will include intrinsic safety power supplies and switches for industrial Ethernet, a multi layered security device in Tofi no, and a complete new range of intrinsic safety isolators.We go into 2008 with confidence that our customers are increasingly looking to take advantage of our advanced network technologies to help improve their operations.