Q1 2020 Earnings Call

On my today, if Mr Jaco and CEO.

Before I turn the call over to Mr., Colin I would like to remind everyone. The forward looking statements with respect to companies business financial condition.

Operations are subject to risks and uncertainties, which could cause actual results could differ materially from those contemplated.

Such forward looking statements include but are not limited to product demand pricing market acceptance change economic conditions and product development.

Development and the effect of the company's accounting policies as well this or not so much sectors, which are detailed from time to time in the company's filings with the various securities authorities I would now like turn the call over to Mr. Al Cohen Mr. Cohen. Please go ahead.

Thank you.

Shareholders.

Our airfreight demand and supply chain businesses did very well tranche cultural fit here.

They killed the far supply trends continue to grow into first quarter. After year. The globe Ultra Richard made me because extension of for supply chain businesses.

The U.S.

Oh, sorry did business performed performance in the first quarter older years without spending and above expectations.

It is mainly attributed to the cost reduction restarted dreams women in the first call true this year.

Let me try to be fully reflected in the second quarter.

Our primary and most which had a challenge for the year at 22.

To make significant pairing penetration for Baltic business should the U.S. smoking or.

Our strategic market with the highest attention for robotics business.

Just a target.

Until about extreme invest enormous effort.

For both our yourselves losses.

It is not a minute GSC, especially with the concentration that according to us.

But we need to complete the submission.

By the end of this year.

That's complete my financial review business review no.

I will take your questions. Thank you.

Thank you ladies and gentlemen at this time will begin the question answer session and you have a question. Please press star one.

I wish to cancel your question. Please press star to until you think speaker equipment kind enough to headsets for pressing the numbers your questions. We pulled in the order the overseas. Please stand by only poll for questions.

The first question is from Gorbachev a man of ESI Ji. Please go ahead.

Hello.

Oh.

Yes.

All right.

A question about backlog Hall.

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Okay.

Oh.

Okay.

Okay that backlog is up I mentioned in the press release actually snakes.

The spectral called in Italy.

The yearend trend.

So the talked about the bookings backlog I've matched renting.

Oh, it's up to $60 million.

Rich I said.

Rich trend and $12 million are expected to be delivered during the next year.

During the two total backlog.

As of December.

Gene which was.

Yeah $30 million, so we haven't rolls off streamlines all on the backlog.

During the first quarter off year, 24, $30 million to $60 million.

Okay and go and another question all what industry Bird dog.

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Okay.

We are targeting.

The.

Food manufacturer industry.

All the food.

In the U.S. <unk>. This is the target to market. This is a collagen line and this is a target static tolling.

In that though he told you we ought to about a 100.

Target slides.

That's meets our treat tell ya.

We have plays and we can take and market share in the U.S. smoking machines. They relate to me the biggest marketing to warm.

Alright, thank you.

Thank you again.

The next question from Thompson of our HK capital. Please go ahead.

Hi, Congratulations first on your return to profitability. It was also nice to see the outlook given in the press release forecasting sales growth from 2019, which should make 2020 revenues. Another all time records for the company.

My question is that.

States are been many food processing plant shutting down due to the spread of covert 19 them on the workers. In these facilities can you talk about the opportunity and growth potential will that be less hasn't sector.

Yes, so in general.

He well ballparks can vary places.

Well first human walk first.

And and so.

The current period, they pulled the necessity all for using rubble.

Especially fees increased efficiency as well.

Well first of all boats and they've got the plastic manufacturing to produce.

Packing bye bye in most label technology.

And by that technologies, a label is an integral part of the classic package.

Nothing touch to eat.

And I think we are very well in there right time in the U.S.

Caused the U.S. government support to the local industry.

And the food industries amazingly stable market remained stable demand for food.

And I didn't do that the trading always China. So we obviously ideal conditions for penetrating into took a U.S. smoking.

Great. Thank you very much thank you talked.

Is there any additional questions. Please press star one.

Your question Please press star.

<unk>.

So my question.

No no further questions at this time before I ask Mr., calling to go ahead with of course instrument I would like to many participants like a replay of this call will be available on the company's website.

The w. adopt Pos corporate thought by Tomorrow, Mr., Colin much like to make his concluding statement.

Yes. Thank you. Thank you for joining our call today.

We have the tumultuous for our next call.

Which would be in August.

And I hope, we realized significant progress.

You know our plans for the whole boating business and I will keep you posted.

Thank you very much.

This concludes Bob first quarter, two selling 20 results conference call. Thank you for your participation you May go ahead and disconnect.

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