How is HPS poised to capitalize on the environment-related opportunities in China?
Norm Gilsdorf: The Chinese stimulus package is definitely an actionable one that has quickly translated into investments. HPS has made significant investments in building and expanding its presence in China. We have also recently put in place a new leadership team both in China and Asia Pacific. The new leadership team is highly experienced and has great exposure with our industrial customers. The other investments include a factory in Tianjin that is rated as best-in-class in terms of quality, and several other engineering centers. These centers provide us with localization capabilities for engineering and material sourcing. We have a good set of channel partners to expand our customer coverage. Our new products including Experion LS are also expected to drive mid-market adoption for automation solutions. Enraf also has been a great enabler with significant infrastructure spends in China, while we expect RMG acquisition to strengthen our presence in the Chinese gas pipeline infrastruc
