Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Steve Levenson with Stifel. Please proceed.
Stephen Levenson - Stifel Nicolaus
Thank you. Good morning, everybody.
Steve Bershad
Good morning.
David Almeida
Good morning, Steve.
Scott Conner
Good morning.
Stephen Levenson - Stifel Nicolaus
Is Axsys developing any new products using third generation two color sensors? And if so, how do you think that it will position you relative to competitors, your current ones and does that open you up against other competitors?
Scott Conner
It's an excellent question. So, the two color and such there are other investors on there on the call. So what it means by that is, a sensor that combines mid-wave and long-wave infrared, which are too different. We serve both of those markets mid-wave and long-wave infrared today. And there is continued interest in the development of detectors that basically enabled viewer to look in both the mid-wave and long-wave simultaneously. And this is for sure going to unfold, Steve.
Now, this is still in the early development phases at the detector level. But the reason that this is actually good for us is that the lenses that enable two color are very complex, much harder in fact than what is currently used today when you're only looking in the mid-wave, but the long-wave.
So, in fact, that evolution is going to be very positive for us. And I actually hope that it occurs very rapidly to be honest. The faster it can occur the better it is for us.
Stephen Levenson - Stifel Nicolaus
But you are not there yet in other words. It's self-development stuff?
Scott Conner
Absolutely. The investment development state that the detector level at this point is those... there are companies being funded at this point to develop two colored detectors. And but those are not yet ready for primetime to put a lens on yet. But, we're hopping that it occurs quickly because as I said, that's exactly the direction we want the world to go.
Stephen Levenson - Stifel Nicolaus
Okay, thanks. And in relation to your current customers, do you find that there is more interest? Are they running out of capacity on their own ability to make optics that they are coming to you or is there some sort of shift between what they are doing in-house and what they are looking to outsource?
- To read the full transcript on Seeking Alpha, click here »
