On behalf of the associates of our seven operation centers based on three continents, we extend our New Year greetings to Holtec International’s clients and suppliers – our vital stakeholders – who helped make 2011 a splendidly successful year for the Company. In 2011, Holtec completed 25 years of operation with a proud record of continuously rising employment in our factories and offices fueled nearly entirely by the sale of new products and systems developed by the Company’s own engineers. In its core business of spent fuel management, Holtec’s relationship base in wet and dry storage/transportation grew to over 120 nuclear plants around the globe. Holtec’s committed and derivative backlog across all product lines offered by the Company now exceeds $5 billion. In 2011, Holtec became the first company to establish a comprehensive training center for dry storage implementation and in November became the first company to complete a Client Assisted Turnkey dry storage project (at Waterford). The second Client Assisted Turnkey dry storage project, at Comanche Peak, is scheduled begin the final phase of the project, fuel loading of 12 HI-STORM systems, in February of 2012 (dry runs were completed July 2011).