Question-and-Answer Session
Operator
Thank you. Our first question comes from the line of Larry Solow with CJS Securities. You may proceed.
Larry Solow - CJS Securities
Hi, good afternoon, guys. John, it sounds like you’re seeing some mix trends and mix singles in the market, and I guess it’s anybody’s guess on when the economic recovery actually does take place, but maybe you could discuss a little bit more on how you’re improving your positioning and trend and design wins, and client interest in your new products that you’ve been unveiling?
John Ambroseo
So Larry, as I mentioned last quarter, the dialogue with customers has certainly improved in the last six months as people are starting to see some light at the end of the tunnel. We are tracking design wins. We don’t disclose that number publicly for a variety of different reasons; but the emphasis for us is not only to make sure that we’re executing against our footprint project, which obviously is important from a margin perspective, but to make sure we have the right alignment going forward.
Customers in particular, are looking at their markets and determining that they need new tools to be able to either maintain or extend market share positions and they’re turning to us in many of those cases. So as you look at, for example, the E1000, CO2 laser that we just showed for the first time at lasers Munich, the response from the European laser users was quite good and we’ve established a priority lease within the European theatre for who is going to be evaluating the systems and working with us as we tighten up the final package design.
The same kind of feedback came from the fiber laser that we showed, even though we’re relatively late entrance, customers are looking for things to going to change the game. The expectation is most of the credible vendors in the space will be able to meet the performance specifications and reliability demanded in the fiber laser market and they’re looking for game changers in terms of overall cost of ownership and at least what we spoke about resonated with them.
With respect to how we’re doing in the microelectronics market which has historically been one of our stronger markets we are keeping very close pace with customers. The fact that we’ve brought out new versions of a variety of different tools, for example, we brought out a product called Mamba which is a big laser that puts out a lot of power for applications and dielectric abrasion and others, so we are hitting our marks on a pretty routine basis right now. We do need recovery in the end markets to enjoy the economic benefits that come with that.
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