Question-and-Answer Session
Operator
Thank you. (Operator Instructions). Our first question is from Rich Kwas. You may ask your question and please state your company name.
Rich Kwas - Wachovia Securities
Hi, Wachovia. Good morning Ken and good morning Gregg.
Gregg Sherrill
Good morning Rich.
Rich Kwas - Wachovia Securities
Just a question on Europe. Some of the other suppliers have talked about going and having the opportunity to go to three and four day work weeks with their labor agreements. Do you have that available to you right now or is it that something that is [being] negotiated?
Gregg Sherrill
We already have it available and negotiated in certain locations in Europe and we are continuing the negotiations in others. But what we are seeing in this downturn is considerable cooperation across the whole gamut of our European labor unions and their representatives. I mean everybody pretty much understands the economic situation, and as I just said, the cooperation is unlike anything I have ever seen. So it is already in place in certain regions and plants and we are getting there in the others.
Rich Kwas - Wachovia Securities
Okay. And how much would you say is in place right now as a percentage of your European operations?
Gregg Sherrill
Oh I could not say I had some percentages. Let me get back to you though on that Rich – it is fairly significant – it is not trivial. I just don't want to quote a wrong number right now.
Rich Kwas - Wachovia Securities
Okay. Okay.
Gregg Sherrill
We have had – the emphasis is on what we have already accomplished here; not just what is out there in the future.
Rich Kwas - Wachovia Securities
Sure.
Gregg Sherrill
Okay.
Rich Kwas - Wachovia Securities
Just switching gears on yesterday's announcements. It looks like GE has worked on the HC-SCR technology for quite sometime. I know here in the release – at the end of the release you talked about not being able to say much more, but could you give us a little more color on [what's your brains at] the table, I know you are planning on licensing the technology to other end markets, but I am just curious on how much you are bringing to the table and the potential value add?
Gregg Sherrill
That is a little bit of what you just said. And again we cannot go in to a great deal of detail. But just to suffice to say it is very complementary with what we bring to the party from an overall knowledge of the physics, the chemistry, et cetera of emissions reductions, particularly in this particular case; NOx reductions coupled up with some of the work they had done specifically on hydrocarbon. Both parties saw it as a way of bringing the technology to the market quicker and it is just very complementary. Again I don’t want to go in to a great deal of detail there.
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