The collection manifold, which allows oil flows to be separated or combined without interrupting the flow, appears to have been damaged by an explosion.
That is especially so when combined with the production cash flow that should began to grow again in early 2011 when Blueberry Hill is expected to come online.
Although the remaining print business is in a steady state of decline, the combined businesses generated good cash flow with attractive EBITDA margins of over 41% in the quarter ended March 31, 2013.
We have not only a growing backlog, but a strong design pipeline, which combined with strong operating leverage from increasing revenue will allow us to drive earnings and cash flow.