During this spring Novator took a big leap from being a company with a prosperous future towards becoming a leading company in orbital drilling. With Mr Lars Taflin stepping in as the main shareholder of Novator, we now have an owner with extensive industrial experience, a long-term perspective on investments and financial strength to execute the plans for expansion in existing and new markets.
Novator is now staged to continue the significant growth and during the year the Board appointed Mikael Andersson as the new CEO to drive this. Mikael has more than 15 years of international senior management experience from the industrial and logistics market, and has played a pivotal role in managing strong growth in international markets.
One of the major projects in 2006 was the implementation of Orbital drilling at Airbus. By the formal acceptance from Airbus, orbital drilling is now rolled out in the final assembly lines at Airbus in Hamburg and Toulouse. 50 Twinspin PX3 portable drilling units will be installed during 2007.
In close corporation with our customers we have also updated the product range significantly. There isn’t much resemblance between the current products and the first products used in the ADFAST-project only a couple of years ago. Both the products and the technology have matured and are now delivering the benefits we defined at an early stage. In 2006 we have further strengthened our already strong patent protection on the orbital drilling technology and will continuously invest in our patent portfolio while refining and developing new products.
Novator is also intensifying its product and sales development partnerships globally. Key partners such as e.g. Kennametal are accomplishing amazing results and we look forward to be able to share with you stories on our customer projects once they become public, including projects both for existing and brand new applications.
We believe 2007 will be a very exciting year for the company. Our business continues to grow and during 2007 we will recruit new talent to meet the demand we have for our products. We look forward to working with all of you to help your business become even more successful!
We thank you all for a making 2006 a great year!
Merry Christmas and a Happy New Year!
The Novator team