I'm Dan Baker, president and CEO of NVE Corporation.
I'd like to take just a couple minutes
to tell you about our company, revolutionary technology, and our markets.
We're leaders in practical spintronics, which uses electron spin rather than charge.
Spintronics relies on layers just a few atoms thick.
Some of our critical layers are copper,
and if a copper penny could be rolled to the thickness of the copper in NVE devices,
it would cover Eden Prairie-- more than 100 square miles.
You may not see our products every day,
but we serve four fast-growing markets:
Providing robots their sense of touch;
enabling life-sustaining medical devices;
and improving the efficiency of hybrid/electric and autonomous vehicles.
Finally, we're well positioned for the emerging Industrial Internet of Things,
which represents the "fourth wave" of industrial automation.
The first wave was in the 1700s;
the second wave in the 1800's;
the third wave in the 1970s;
and we have a historic opportunity now,
with an expected explosion in the need for sensors.
Our product advantages can be summarized with "four Bs":
"Boxes," or miniaturization;
"Bulletproof," with inherent reliability;
"Batteries," for ultralow power;
and the "Brains" to connect to the Internet of Things.
So to sum up:
NVE has revolutionary technology;
we have new products;
world-class customers and partnerships;
and we're determined to make the most of our historic opportunities.