Again, there is much to be thankful for as we close out 2016. Certainly microelectronics remains one of the key components of our world today, having dramatically changed lives. The average consumer has no concept of what is inside an electronic device like a cell phone or satellite, and certainly has no understanding of the complex process of building it. We consider ourselves fortunate at Palomar to be in the core of high-end microelectronics, providing the advanced automation and processes to connect the power and intelligence of the microchip to the outside world. Over the last twenty-plus years, the rate of progress across the entire field of microelectronics has been exponential and is showing no sign of letting up. An increasingly connected and complex world drives a greater need for advanced electronic packaging and represents an exciting future for Palomar Technologies.
Looking ahead, the microelectronics industry will continue to advance in providing solutions for embryonic smart-electronic products for self-driving or driverless cars, 
smart city infrastructure, Internet of Things, and related products. These products will require essential competencies in manufacturing smart and durable electronic systems, advanced packaging materials, and packaging technology for extreme environmental and high performance conditions. Although we see the effect of slowing down along Moore’s Law as device dimensions approach their ultimate physical limit with current projection lithography, this has prompted development of Extreme Ultraviolet Lithography (EUVL) and increased focus on a more diverse set of success factors driven by Palomar’s areas of expertise, value-end process, equipment and material integration.
Palomar’s systems, process expertise, and customer support are globally positioned to facilitate advanced technology worldwide. And, our people are behaviorally aligned and emotionally connected to provide strong, innovative, focused forces to enable our customers to achieve their goals. We are confident that Palomar is well prepared in the coming years to tackle the transformations and adjustments that will confront our industry and will continue to lead the field of complex microelectronic packaging.
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Bruce Hueners
President & CEO
Palomar Technologies, Inc.