Dear Shareholders,
 
As we previously announced, a major hydraulics manufacturer would come to Rochester the week of September 24^th to evaluate our pump and motor technology. Our MOU with them stated that they would let us know if they wanted to proceed to negotiations within 30 days from the testing. Last week a group of their senior management and engineers from the US and Europe came to our headquarters in Rochester, NY. They informed us after the meeting that they want to start negotiations immediately for an agreement to form a relationship with us. (Click to Read More)