Terma North America Revenue and Competitors

In mid-2003, Terma launched a new business expansion program in the United States. This long term corporate initiative consists in part of a business strategy to provide increased customer service, support, and market presence to better serve the needs of the U.S. Department of Defense and its prime contractors. It includes the hiring and long term placement of U.S. nationals and experienced Danish Terma personnel in the United States. For many years, Terma has worked closely with customers in North America, and North American markets provide a significant portion of the company's total sales. Through these relationships, Terma has gained in-depth knowledge and insight into our customers' work environment and an equally deep understanding of their situations and needs. We are now making further investments in the North American markets and we will be getting ever closer to our customers, our end users, and other U.S. DOD system integrators with whom we often partner and/or supply sub-systems. The initial business focus will be to build on our existing business and customer base.