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Good afternoon and thank you for joining us. My name is Chad Dillard and I am on the semi cap equipment team and I have the pleasure to introduce Mark Gallenberger, the Vice President and CFO of LTX-Credence, a leading automated test and equipment company. Mark?
Thanks Chad. Good afternoon and welcome everybody. I really appreciate you staying through the end of the conference here, listening to our investor pitch. Real quickly, here is our Safe Harbor statement. If you have any questions or if you want to get more information about the risk and uncertainties, you can get in to more of the details in our 10-Q or 10-Ks.
Okay in terms of LTX-Credence, you know, in summary, we do play in the semiconductor test equipment space. We're one of the only providers that of test equipment that is exclusively focused on the non-memory test equipment space and we focus on specific market segments, which enable our products to be pretty well differentiated against the competition.
We will get in to much more detail about that today and as a result of our market focus, we do lead the industry across the cycle in terms of gross margins.
And so we've been able to design our products for the right end market segments and as a result we've got a very good fit and a strong product line up which enables us to enjoy industry-leading gross margins. And also a result of those products targeted for specific market segments, we've been able to really go after specific customers and increase our customer base and diversify it over the course of the last couple of cycles.