Business Update

September 27, 2021

The unprecedented demand we experienced in the first half of 2021 has continued through this quarter, and is not expected to slow down in the next quarter. We are very grateful to all our loyal customers for all the orders we continue to receive, and we greatly appreciate your patience as we work through continued challenges with our supply chain for parts and materials. It appears that companies around the globe are experiencing similar issues. Lead times for some of the parts we use have gone from days to months. As a result, our committed ship dates are now at or above the high end of the estimated lead time on our quotations. Customers may also experience some delays in shipments as we manage through the current situation. On time delivery and rapid response to our customers has always been a priority for us. We will continue to do everything we can to work through the current challenges, so that we can meet customer needs and expectations. Thank you.