The investment in PanLink was initially motivated by the identified need by many small to medium sized companies to find a production partner in order to manage production during all stages of the product lifecycle from trial runs, ramp up on to high volume manufacturing. The specific need of this customer segment is still valid and paired with long term relationships with several blue-chip companies PanLink is well positioned to further strengthen its market position. Following the last years financial deterioration, we now believe that PanLink is on the right track to regain historic growth and profitability. Managed carefully with costs and competence built in the correct locations we think PanLink will continue to be a competitive player in the long run and we are closely following the progress.