Sunday, August 26, 2007

Link Simulation & Training

Link Simulation & Training
Setting the standard for over 75 years

In today's world of acquisitions and consolidations, organizational history can become blurred and sometimes forgotten. At L-3 Communications' Link Simulation & Training division, however, we point with pride to a heritage that dates back to several successful organizations that in recent years have been merged into one of the world's foremost training and simulation companies.

The Link name has been associated with training excellence for 75 years. Below are a few of the historical highlights of the beginning of flight simulation and the Link organization.

Aviation's Early Days and a Man Named Ed Link

During the early part of the 20th century, modern aviation history was launched. The Wright brothers began at Kitty Hawk in 1903 and daredevil pilots in silk scarves and goggles followed, setting records for duration, speed and distance in frail biplanes made of wood and canvas.

Ed Link was just a boy in those early days of aviation when the new and expanding technology captured his imagination. Years later this fascination would challenge his mechanical skills and eventually establish his place in aviation history.

Ed, who as he grew older started to demonstrate an aptitude for science and mechanics, ended his formal schooling in 1927 and went to work in the family's piano and organ factory. He built pianos and tuned organs, a job that required a thorough knowledge and handling of the pumps, valves and bellows which directed the air power within these popular musical instruments of the day.

Ed's passion, however, was his consuming interest in aviation. All his spare time and money went towards learning how to fly. But he could not afford the prohibitive costs of plane rental, fuel and lessons.

To compensate for his lack of actual flying time, Ed would taxi a friend's plane along the Endicott, New York and Cortland, New York airport runways, learning the movements of hands and feet until they became automatic, the feel of the wings and the capabilities of the rudder.

But Ed felt that there had to be a better solution to learn how to fly and at the age of 24 embarked on a project that would change the course of aviation. Ed began to work on building the first pilot trainer, a project that would usher in the multi-billion dollar industry of simulation.

The Dawn of Flight Training

It took a year and a half for Ed to complete construction of his pilot trainer. Finally, in the early part of 1929 the trainer was ready.

The pilot trainer resembled a toy airplane from the outside, with short wooden wings and fuselage mounted on a universal joint. Organ bellows from the Link factory, driven by an electric pump, made the trainer pitch and roll as the pilot worked the controls.

The cockpit was equipped with standard aircraft controls and later modifications introduced radio aids and gauges to tell the pilot if he was flying level.

During the 1930s, Ed chose to open the Link Flying School with his brother. They operated the flying school after-hours in the family plant, offering individuals a guaranteed "learn to fly" flat charge of $85. The school did well until the full force of the Depression made flying lessons an extra most people did without.

Ed's big break, however, was soon to come.

Mail Call

Ed's breakthrough in demonstrating his pilot trainer finally came when the government contracted with the Army Air Corps to start carrying the U.S. mail. This experiment unfortunately would soon meet with disaster, primarily because Army Air Corps pilots had been trained to fly by watching the ground.

During their first week of mail service Army Air Corps pilots experienced extremely hazardous weather. Tragically, nearly a dozen pilots were killed due to the bad weather they encountered. This tragedy prompted the Army Air Corps to take a closer look at Link's invention that trained pilots to fly by instruments.

On a foggy, misty day in 1934, a group of Army officers awaited Ed's arrival in Newark, New Jersey. Ed was flying in from Binghamton, New York.

The officers, convinced that he couldn't make it in such soupy weather, were about to leave. Just as they were about to leave they could hear the sound of an approaching airplane. Within a minute's time an aircraft circled the field and touched down on the runway. It was Ed Link...he had flown in on instruments and demonstrated that effective flight was possible even during adverse weather conditions.

The military officials were sold on the promise training to fly by instruments could offer and, shortly thereafter, the Army Air Corps ordered six of his trainers for $3,500 a piece. By the time the order was completed other orders started coming in and Link Aviation Devices, Inc. was formed to meet the increased trainer production demand.

The company expanded rapidly, in spite of some facility setbacks in the mid 1930s, and during World War II the ANT-18 Basic Instrument Trainer, known to tens of thousands of fledging pilots as the Blue Box, was standard equipment at every air training school in the United States and Allied nations. In fact, during the war years Link produced over 10,000 Blue Boxes, turning one out every 45 minutes.

It's from this auspicious beginning that Link launched a company that over the next several decades would come to dominate the military training and simulation industry.

Diversifying by Acquiring

Diversification. Practically no other subject was as much a topic of discussion inside the board rooms of the nation's major defense-related companies during the latter half of 1980s and into the next decade.

Ed Link's former company began 1988 operating as a part of the Singer Company and was known as the Link Flight Simulation Division. By the end of the year the organization had been acquired by CAE Electronics and renamed CAE-Link.

The CAE-Link organization could trace its heritage back nearly 60 years and point to recent achievements including building the first AH-64 combat mission simulator, F-117A stealth fighter simulator and operating the C-130 Aircrew Training System.

At the same time, Hughes Aircraft Company's senior management was beginning to take a look at growing the defense electronics company by expanding into new markets. A new strategy that focused on acquiring key defense contractors became a strategy that the company would exercise when the timing was right.

The timing was right in May 1988 when Hughes Aircraft Company acquired Rediffusion Simulation Ltd., which included U.S.-based Rediffusion Simulation Incorporated, from BET for $283 million. Through this move, which represented more money than Hughes Aircraft Company had spent on all of its previous acquisitions combined since the 1930s, the diversified electronics company immediately became a major player in the training and simulation market.

Prior to the acquisition, Hughes Aircraft Company had designed and developed advanced training equipment, including F/A-18 weapons tactics trainers and F-14 mission trainers for the U.S. Navy. But, in the scope of things, up until the acquisition Hughes Aircraft Company had been considered a niche player in the training and simulation market.

In regard to the acquisition, Hughes Aircraft Company's Chairman and CEO Albert Wheelon was quoted as saying, "Hughes expects that simulators will be used increasingly by military customers to train pilots and operators as defense budgets flatten out." He went on to say that the "military simulator market will materially strengthen both organizations and make Hughes a major factor in the training field."

Wheelon's optimistic view was based on the fact that Rediffusion Simulation already had a strong share of the world's military training and simulation market. But Hughes Aircraft Company wanted an even larger share of the market.

To achieve this goal, the company chose to grow its training and simulation business by making yet another major acquisition as 1988 came to a close.

This time Hughes Aircraft Company acquired Honeywell Inc.'s Training and Control Systems Division, one of the country's leading providers of electronic simulation-based military training systems. The Honeywell organization was an industry leader in the supply of maintenance trainers, operator trainers and flight simulators to the military in addition to other types of training systems to major U.S. aerospace companies.

This new training and simulation powerhouse met with immediate success, capturing programs such as the U.S. Air Force's C-141 Aircrew Training System, UPS's DC-8 flight simulator, and winning visual system programs for NATO's E-3A AWACS flight simulator and U.S. Navy's S-3B weapons systems trainer.

A Time of Transition

To better position itself to capture greater market share and maximize organizational synergies, Hughes Aircraft Company had to consolidate its training resources and announced in January 1991 that Hughes Training would represent its newly consolidated training operations. Unaffected by the restructuring was Hughes Aircraft Company's Rediffusion Simulation subsidiary in Crawley, England.

The organizational move produced immediate results, with Hughes Training capturing the U.S. Navy's UH-1N, CH-46, CH-53, and Landing Craft Air Cushion simulator programs.

In 1992, Hughes Training also chose to establish its headquarters in Arlington, Texas to centralize technical, marketing and senior management personnel.

A shift in the training industry's military marketplace also began to occur, as the services began to re-evaluate what they wanted in a flight trainer. It was becoming evident that advances in computing technology were soon going to allow for development of low-cost, high fidelity trainers.

The U.S. Combat Air Forces chose to head in this direction and in 1993 awarded Hughes Training a contract for the Unit Training Device (UTD) program. Tasked with developing these low-cost, high-fidelity simulators to train the nation's Combat Air Forces F-16 fighter pilots, Hughes Training worked closely with F-16 pilots to design a device that met their expectations and requirements.

The F-16 UTD program grew substantially throughout the decade and resulted in delivery of 65 training devices to various bases supporting the Combat Air Forces.

Two Powerhouses Join Forces

Hughes Training's considerable presence within the worldwide training and simulation market was bolstered even further when Hughes Electronics Corporation purchased CAE-Link from CAE Ltd. for $155 million in July, 1995. Although having long retired, CAE-Link remained Ed Link's company in spirit and innovation.

Which is why when the acquisition was announced, Hughes Training was merged with a Link organization that could claim:

  • a long history as a provider of F-16 simulators to militaries worldwide,
  • a position as the sole provider of F-117A and B-2 aircrew training devices,
  • world leadership in military aircrew training systems programs,
  • and an emerging presence within interactive distance learning.

Hughes Training would continue winning significant business in the next few years, including the Air Force's F-22 pilot and maintenance training programs, the Army's Fire Support Combined Arms Tactical Trainer (FSCATT) program and a number of options and modifications to fielded flight simulation systems.

Another major change, however, was soon to be on the horizon.

The Raytheon Era

In an aggressive move to become one of the world's largest defense contractors, Raytheon Company concluded a series of major acquisitions by acquiring Hughes Aircraft Company's defense electronics operation in January 1998.

Raytheon's simulation and training services businesses continued to prosper over the next two years, garnering major domestic and international programs. The U.S. Army's Aviation Combined Arms Tactical Trainer program, Eighth U.S. Army helicopter simulator upgrade program, T-45 flight simulator production option, FSCATT artillery training system production option, and E-3 training and simulation services program were among key wins that added to business backlog.

As the new millennium emerged, however, one more organizational change was about to take place.

The New Link

In an effort to expand its defense product base horizontally, L-3 Communications struck a deal with Raytheon Company in February 2000 to acquire its flight simulation and training services businesses.

Recognizing that "simulation and training continues to be a growing market," L-3 Communications Chairman and Chief Executive Officer Frank Lanza added that simulation "technology is proven to provide cost-effective operational readiness at a time when high technology weapons systems delivered by stealth aircraft, helicopters, artillery and armored vehicles are becoming increasingly more sophisticated and complicated to operate."

Today L-3 Communications' Link Simulation & Training division is the world leader in military flight simulation. Under the L-3 banner, Link has won major programs including the U.S. Army's Flight School XXI, Canadian Air Forces' F/A-18 Advanced Distributed Combat Training System, U.S. Navy's F/A-18C Distributed Mission Training system, and U.S. Air Force's F-16 Aircrew Training Device program.

Advanced visual, display and networked training solutions developed at Link have positioned the company to meet our military customers' growing demands for highly realistic, cost-effective training that will improve individual, team or task force performance.

The Link name continues to be associated with the latest innovations in flight simulation as we enter our 75th year of business. At Link we remain vigilant in developing simulation and support solutions that enable military forces to train as they will fight.

AVCATT supporting training in Germany

AFN Broadcast Highlights AVCATT

View the Armed Forces Network report on AVCATT!

he Armed Forces Network recently took a look at how the U.S. Army’s Aviation Combined Arms Tactical Trainer (AVCATT) system is supporting rotary wing training at Hohenfels, Germany.

AVCATT, built by Link Simulation & Training, creates a virtual wargaming world that provides an interactive, networked environment to support individual, crew, collective and combined arms training.

AVCATT reconfigurable simulators support the full mission spectrum undertaken by the services’ attack, reconnaissance and utility helicopters. AVCATT reconfigurable training suites can simulate the service’s AH-64A Apache, OH-58D Kiowa Warrior, UH-60 Blackhawk, CH-47D Chinook and AH-64D Longbow platforms.

AVCATT’s realistic, virtual training environment is supported by intelligent, semi-automated forces. These friendly and opposing forces support a highly competitive battle scenario that maximizes training effectiveness. Following a simulated battle exercise, aircrews then review their mission performance in AVCATT’s After Action Review theater.

HELCATT Offers Collective Training Solution

HELCATT Offers Collective Training Solution

HELCATT™, a scalable, reconfigurable and networked helicopter combined arms tactical trainer system, is capable of providing virtual training for any platform in the worldwide military rotary wing fleet.

Link Simulation and Training’s HELCATT™ simulation solutions have been built on the combined arms tactical training technologies developed by the company in recent years. The flexibility HELCATT provides enables Link to offer rotary wing simulation solutions that meet specific service and country training requirements, while enabling aircrews to hone their skills in a realistic, high-intensity virtual training environment.

In addition to networking multiple HELCATT simulator modules, the rotary wing trainers can be linked with other virtual, live or constructive simulations to support joint forces training.

HELCATT scalable simulation solutions can come packaged as one or more fixed-base training devices or, for mobile training requirements, up to six reconfigurable training modules can be housed in two 53-foot trailers. In any configuration, HELCATT also can be integrated with mission control and brief/debrief capabilities.

HELCATT trainers today can be reconfigured to support aircrew training for UH-60, CH-47, OH-58D, AH-64A and AH-64D helicopter platforms. In addition, HELCATT trainers can be transformed to represent any military helicopter platform by adding customized cockpit instrument panel overlays and software that accurately simulates a specific aircraft’s performance parameters.

HELCATT’s system flexibility also extends to being able to support door gunner training on the UH-60 and CH-47 platforms. Gunnery crew positions feature replicas of aircraft seats, communication panels, aircraft weapon mounts and simulated weapons with lifelike functionality. The gunnery trainer capability, which also can be networked to provide collective training, enables crews to master critical tactics and procedures required to succeed in combat.

Pilots, co-pilots and door gunners are visually immersed in training exercises by wearing Link’s Advanced Helmet Mounted Display (AHMD), which provides users with a 360° field-of-regard of out-the-window computer generated imagery. The AHMD’s greater than 60 percent see-through capability enables users to clearly view their surrounding cockpit or aircraft environment.

L-3 Communications' Link Simulation and Training Delivers Predator Mission Aircrew Training Systems

NEW YORK, NY, May 9, 2007 - L-3 Communications (NYSE: LLL) announced today that its L-3 Link Simulation and Training (L-3 Link) division has delivered the first five of seven Predator Mission Aircrew Training System (PMATS) production units to Creech Air Force Base in Indian Springs, NV.

Each of the five PMATS units has achieved ready-for-training status and is enabling Predator unmanned aircraft system pilots and sensor operators to undergo fully immersive, mission-based simulated training exercises. Delivery of the PMATS units 18 months after contract award represents the first use of a high fidelity training system for any unmanned aircraft system in the United States Air Force. Later this June L-3 Link plans to deliver two additional PMATS units and associated support equipment.

"Fully immersive simulation and training within the unmanned aircraft systems community has become a reality and will provide the same value and merit as it always has within the manned aircraft training arena," said Mike Wallace, Vice President for Air Force and Navy Programs at L-3 Link Simulation and Training. "The high fidelity training provided by PMATS units will enable the U.S. Air Force to rely less on live flight training, enable Predator crews to increasingly practice procedures to counter potentially catastrophic emergencies and conduct networked training exercises aimed at combating the Global War on Terrorism."

High fidelity training delivered by PMATS units is the result of L-3 Link’s simulation software being integrated with the Predator’s actual operational flight program software and ground control station hardware. The simulation software backbone L-3 Link provides also can be used to support future generations of the Predator and other unmanned aircraft systems.

As presently designed, PMATS provides high fidelity modeling of the Predator MQ-1 aircraft platform, sensors and weapons. The MQ-1 is used by the U.S. Air Force to meet armed reconnaissance requirements. The simulated synthetic environment takes into account time of day, winds, adverse weather and thermal effects. Plans call for PMATS to be enhanced in 2008 to provide simulation of the MQ-9 Reaper unmanned aircraft system, a more powerful turbocharged engine, increased weaponry payload, higher operational ceiling and continuous coverage over areas of interest without any loss of time on station.

In addition to the five PMATS units, as part of this aircrew training system L-3 Link has delivered five instructor operator stations (IOS) and equipment to support two brief/debrief rooms. From the IOS, instructors can set up conditions for an exercise, insert malfunctions and communicate with the pilot and sensor operator. In the brief/debrief rooms, crews are able to observe the simulated mission they have flown and determine both what went right and what needs to be corrected to ensure future mission success.

L-3 Link is a systems integration organization that delivers and supports training systems and equipment to enhance operational proficiency. L-3 Link’s services include conducting front-end analysis, program design, simulator design and production and field support. L-3 Link has major operations in Arlington, TX, and other key bases of operation in Binghamton, NY; Orlando, FL; Broken Arrow, OK and Phoenix, AZ.

Headquartered in New York City, L-3 Communications employs over 63,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2006 sales of $12.5 billion.

To learn more about L-3 Communications, please visit the company’s web site at

www.L-3Com.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates", "intends", "plans", "believes", "estimates" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

L-3 Communications' Link Simulation and Training Delivers First Advanced Helmet Mounted Displays to Flight School XXI

NEW YORK, NY, July 16, 2007 - L-3 Communications (NYSE: LLL) announced today that its L-3 Link Simulation and Training (L-3 Link) division has begun integrating its Advanced Helmet Mounted Display (AHMD) system into the U.S. Army Flight School XXI (FSXXI) program’s Reconfigurable Collective Training Devices (RCTDs).

This technology insertion upgrade effort replaces the existing helmet mounted displays that have been used by U.S. Army aviators since 2005 on FSXXI’s RCTDs. Integration of L-3’s AHMD will represent the initial use of this immersive visual display on a military training and simulation program.

"L-3 Link’s Advanced Helmet Mounted Display, which provides pilots with a 360° field-of-regard of out-the-window imagery and systems symbology, will bring several training benefits to Flight School XXI Reconfigurable Collective Training Devices," said Lenny Genna, L-3 Link’s Vice President of Army Programs. "This innovative display technology will improve visual resolution, enhance image quality and provide greater transmissivity to enable aircrews to more realistically view their surrounding cockpit instrumentation. In addition, the display’s ergonomic design enables it to be attached to an aviator’s own helmet while providing a balanced center of gravity for improved comfort during training exercises."

"Helmet mounted displays have proven their effectiveness in supporting the U.S. Army Aviation Warfighting Center’s conduct of large-scale, simulation-based aviation training exercises, which are conducted over geo-specific visual databases of areas in Iraq and Afghanistan to which units are preparing to deploy," Mr. Genna continued. "The integration of L-3’s AHMDs into these exercises will further enhance the quality and training realism of these major training events."

To date L-3 has delivered 11 RCTDs, which can be reconfigured to support simulated training in the UH-60A/L, CH-47D, OH-58D, AH-64A and AH-64D aircraft. L-3 will be delivering an additional seven RCTDs in December 2007. In all, L-3 is providing 37 simulators and training devices to FSXXI.

L-3 Link is providing FSXXI simulators and other contractor logistics support services under a subcontract to Computer Sciences Corporation, which serves as prime contractor on this U.S. Army aviation training program.

FSXXI is jointly housed at the Aviation Warfighter Simulation Center situated at the U.S. Army Aviation Warfighting Center at Fort Rucker, AL and in nearby Warrior Hall, a new facility built and operated by Computer Sciences Corporation. At both facilities a comprehensive suite of contractor-owned and operated helicopter simulators are used to provide basic flight techniques to new student pilots and advanced flight instruction to rated Army aviators.

L-3 Link is a systems integration organization that delivers and supports training systems and equipment to enhance operational proficiency. L-3 Link’s services include conducting front-end analysis, program design, simulator design and production and field support. L-3 Link has major operations in Arlington, TX, and other key bases of operation in Binghamton, NY; Orlando, FL; Broken Arrow, OK and Phoenix, AZ.

Headquartered in New York City, L-3 Communications employs over 63,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2006 sales of $12.5 billion.

To learn more about L-3 Communications, please visit the company’s web site at

www.L-3Com.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates", "intends", "plans", "believes", "estimates" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

L-3 Communications' Link Simulation and Training Awarded Contract Option to Build F/A-18E/F Trainers

NEW YORK, NY, July 18, 2007 - L-3 Communications (NYSE: LLL) announced today that its Link Simulation and Training (L-3 Link) division has been awarded a contract from the Boeing Company to provide two F/A-18E/F Tactical Operational Flight Trainers (TOFTs) and two instructor operator stations.

In 2006 L-3 received an initial contract to build four F/A-18E/F TOFTs, which will result in two trainers each being delivered in 2008 to both Naval Air Station (NAS) Lemoore and NAS Oceana. Under this newly awarded contract option, during 2008 an additional F/A-18E/F TOFT will be delivered by L-3 to NAS Lemoore and NAS Oceana, respectively.

"L-3 Link Simulation and Training’s F/A-18E/F Tactical Operational Flight Trainers will provide Super Hornet aircrews with the ability to undertake a full range of simulated tactical mission scenarios," said Mike Wallace, Vice President of Navy and Air Force Programs at L-3 Link Simulation and Training. "These trainers - based on L-3 Link Simulation and Training’s proven F/A-18 simulator common architecture, SimuView™ image generation, SimuSphere™ visual display and Boeing’s simulated Joint Helmet Mounted Cueing System (JHMCS) technologies - will enable Super Hornet aircrews to maintain their proficiency and warfighting advantage."

The two additional F/A-18E/F TOFTs will join the four Super Hornet simulators currently under build at L-3 as the first F/A-18E/F TOFTs to be compliant with the Navy Aviation Simulation Master Plan, enabling aircrews to undertake networked missions and incorporate the revolutionary, emissions-based Next Generation Threat System.

The Boeing-developed simulated JHMCS will provide Super Hornet pilots and weapons sensor officers with a targeting system that can be used to control sensors and weapons through visual cueing. L-3’s SimuSphere, configured to provide a 360° field-of-view, will surround both pilot and weapons sensor officer crew stations with out-the-window computer generated imagery.

L-3 Link is a systems integration organization that delivers and supports training systems and equipment to enhance operational proficiency. L-3 Link’s services include conducting front-end analysis, program design, simulator design and production and field support. L-3 Link has major operations in Arlington, TX, and other key bases of operation in Binghamton, NY; Orlando, FL; Broken Arrow, OK and Phoenix, AZ.

Headquartered in New York City, L-3 Communications employs over 63,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2006 sales of $12.5 billion.

To learn more about L-3 Communications, please visit the company’s web site at

www.L-3Com.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates", "intends", "plans", "believes", "estimates" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.