First of all, our current business activities will continue in their present form after the planned acquisition. We value our relationships and we will continue to provide our customers with leading technology, quality, and service. Synchrony will continue to offer our magnetic bearings, high-speed motors and generators, and power electronics in the defense, HVAC, industrial process, water/wastewater, and renewable energy markets.

After the planned acquisition by Dresser Rand, Synchrony's current management team will remain in place and I will continue to lead the business unit. All of our employees will be retained--we recognize that the value that Synchrony offers its customers is derived from the talent and commitment of our employees. Synchrony's main operations will remain in Roanoke, Virginia.

The combination with Dresser-Rand will allow us to better serve our customers. Dresser-Rand is recognized globally as a leading supplier of rotating equipment products and services. Its extensive resources and international presence will allow us to more quickly identify and exploit new opportunities with our partners.

The planned acquisition will also allow us to expand our offerings in the Congressman Bob Goodlatte visited Synchrony. The congressman had a chance to view our facility and chat with many of our employees. He continues to help spread the word about the new things happening at Synchrony. The McQuay facility in Staunton, Virginia, is also in Congressman Goodlatte's district, so our work in the HVAC industry has special significance to him.