VECTRIX ™ technology is a story about progression. It is a story about changing the way we move around. Zero gas. Zero gas emissions. And, virtually no sound. It is a clean energy story that has never stood still, never rested on its laurels, and certainly has never stopped moving forward. 2011 marked the 15th anniversary of the founding of VECTRIXin 1996. It was also the 10th anniversary of the VECTRIXpatents we received in 2001 for our rugged integrated rear-wheel mounted single stage planetary gear drive that is at the heart of every VX-1 Li/Li+ and VX-3 Li+ maxi-scooter. And it was the 5th anniversary of the launch of the revolutionary VX-1 in 2006. Last year, we welcomed the addition of important technological advances for the EV market. First of all, we proudly introduced two new innovative versions of the VX-1 called the VX-1 Li and VX-1 Li+ which are now powered by Lithium energy systems which increase both the range and performance while decreasing recharging times. And secondly, we celebrated the roll-out of our first 50cc-equivalent scooter, the easy-to-ride, fun-to-use VX-2. In May 2011 at CleanWeek 2020 at the prestigious Circuit Zolder in Belgium, both our VECTRIX VX-1 Li/Li+ and VECTRIX VX-2 won “European e-Scooters of the Year“. 2012 continues to be significant progression of VECTRIX. We announce the 2012 debut of the revolutionary three-wheeled LiFePO4 version of the VX-3 Li+. 2012 also marks the next chapter of the remarkable VECTRIX Super Bike Project along with the soon-to-be unveiled clean energy 125cc-equivalent scooter, the VECTRIX Tall Wheel. With 27 active patents controlled by VECTRIX, we remain committed to setting the industry standard for electric vehicle technology, performance, and quality. Welcome aboard and enjoy the ride.