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And lastly, our Scanning Electron Microscopes, which are for the everyday electron microscope, which sell on average for about $400,000. In terms of marketing position, we are in number one, in both, Transmission Electron Microscopes and in DualBeams, which is a product that we actually invented.We have many different applications for our products, both geographically and markets. And I’d like to just show you a couple of different pictures. This is President, Barrack Obama. He visited Intel, main designed fab, located just next to our facility, in Oregon. He was there about for about 2 hours, he had a nice speech and he spent about another 30 minutes, looking at their particular products underneath our microscope, we were pretty proud about that. Another application in material science, this is Prof. Daniel Shechtman, who was recently awarded the Nobel Prize in Chemistry, for discovering quasicrystals, which was more a bit theoretical exercise, 15 to 20 years ago, when he first came up with the discovery, but he couldn’t prove them out, until he actually purchased an FEI Titan Microscope, which he credited, with one of the reasons for him winning the Nobel Prize. We were very happy and pleased with his discovery. Another application, this is a helicopter delivering one of our electron microscopes, which is loaded with very sophisticated software, to an actual well sided Papua New Guinea. So people are actually using our tools at WellSites to analyze our core samplings, as a process called mud logging or surface logging, very exciting new business opportunity for the company. And lastly, here is a picture of the Shanghai Protein Science facility, where they pursued over a high end Titan Krios microscopes, are for life science applications. So as a company, we’ve been working on building our end markets, trying to expand our global reach, and try to take this core technology, that historically had been used, primarily by professors at colleges and universities, and in semi-conductor manufacturing, few other areas. The areas in particular we’re looking at are life science applications and natural resources.
When we look at the company, we’re fairly well spread out, both end market in terms of revenue and by geography. Roughly, a third of our business is in what we call, research and industry. And research and industry includes both, the classic colleges and universities and national labs. It’s really a global business. We’re getting tremendous growth out of China, out of India, out of Brazil. Eastern Europe in the Middle East are off sending any weaknesses we’re seeing in the U.S. and in Europe.Other pieces included in the research and industry, do include the natural resources, which is a new business for us. It’s more than double in revenue this year, it’s a very profitable segment for the company in terms of the gross profit margin. Largely because, it’s a low end tool loaded with very sophisticated software. We also sell to Industrial Corporations that are buying tools for their primary research labs to improve their products and processes, by a planned nanotechnology to do that. Another piece of our business, that’s roughly a third of revenue is in the semi-conductor space. We call it electronics because it is both, semi-conductor and data storage. The vast portion of that revenue is in the semi-conductor lab space, where tools are used to help design next generation integrated circuits. We have a small percent of our revenue in Data Storage which is an inline tool. I’ll talk a little bit more about that in a moment. Life sciences which is a little over 11% of our revenue, is also a relatively new market for FEI. It’s now $100 million revenue opportunity for the company. This year, we have really pioneered the use of using electron microscopes, for biological research, where traditionally people are using high end digital light microscopes, where they were limited by resolution. Now moving it into an electron microscope, they can do 3D imaging and get much more data and analysis and look at things at a much higher level or resolution. Read the rest of this transcript for free on seekingalpha.com