I look to the opportunity in the chaos of the Asia market. First however, Unitec'c business strategy, like its products are fault tolerant. We had expanded our business focus to Latin America last year, where we have a $1.6 million Gas SCADA contract with Metrogas S.A. (owned in part by Nova Corp. and Lonestar Pipelines) in Santiago, Chile, a $4.2 million Electrical SCADA contract with EMEC in La Serina, Chile. In Brazil we have a $600K contract with Sanepar in Curitiba. Our North American and Middle East business is expanding and we have made initiatives into the Eastern European markets.
I spoke with our agent in Jakarta last week. Our systems with PT. PLN, the state owned electrical utility are operating well and they are looking to make additional purchases, but are cash strapped due to the economic crisis there and are looking for a solution. I have proposed to establish a Unitec Indonesia operation in exchange for a long term contract to supply them. With the devalued rupiah, there is a great opportunity for us to manufacture and undertake some engineering and improve our competitiveness worldwide. There is lots of opportunity in chaos if one looks at the big picture.
We have a contract with the Selangor State Government in Malaysia which is funded and in $US. That is proceeding well and again a creative approach will improve our marketing position there.
So in summary, it has not had a negative impact so far, and I see a lot of upside in the progress we have made and our strategy.
Thanks for vote of confidence and kind words regarding our website. There were some changes made yesterday if you looked at it prior to then.
Regards,
JBS |
