Dear guests

As the night falls and the clock has just turned back, we can reflect on the past year. In short, this year is better. 2017 is not a good year for the whole industry, and Paladon Systems, like all our competitors, has been affected.

As you will see below, we will continue to spread around the world. I hope to announce the new agents in South America in the next newsletter.

With the improvement of business activities, we can reinvest heavily in product development again, and are expected to announce several exciting technological advances throughout 2018.

Although the European market continues to stagnate, our business is booming in the Middle East and Far East. Palladon Malaysia signed a three-year supply agreement with Chevron joint venture in Thailand. Palladon Americas continues to achieve success in electrohydraulic systems in the hydraulic fracturing market.

I thank you for your continued support and look forward to reporting to you in January.

Brian Ennifer