More than a decade before the CNC or NC control was starting to become widely accepted, the experts at NUM started the development of the first CNC controller back in 1961 and with the launch in 1964 NUM were actually one of the first in this market and we have strived to maintain our position as a technology leader in this segment ever since. Our main market strategy is to help our current and future clients to construct a much better machine and thereby securing them a competitive advantage on the market. As can be seen from our logo we perceive ourselves as a CNC High-End Application company and we are focusing on selected market niches, where we undeniably have something extra to offer, and we have a proven track record to back up this statement. Also for decades NUM has been a trusted supplier of solutions for the standard machine market where we will continue to utilise the openness of our systems to offer customers in this segment an advantage too, as we will make the investments needed in R&D to secure our standard features and functions meets the requirement of this market now and in the future. With headquarters in Switzerland, our company currently has more than 35 sales and service locations located throughout the world, proving that we are an international company with worldwide activities. Our R&D facilities are also located within Switzerland, France and Italy, where we also have our major manufacturing facility. We have a clearly defined strategy to have the development and manufacturing of the core products in a CNC system, including drives and motors under our own control to enable us to enhance the total CNC system performance. When this is said, we also integrate and take responsibility for 3rd party products in specific solutions in close cooperation with our partners and customers making NUM a true one stop shop for High End CNC solutions. The success of our partners and customers is the measure of our success and directly the justification of our position on the market.