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“The sovereign debt issue in Europe and the U.S. is certainly a concern for businesses and investors and poses a serious threat to the world economies. In such an uncertain economy, most businesses will be conservative in their outlook and planning. However, we have seen an upturn in orders in the last quarter, and we expect to show modest growth in 2012 overall. Energy and environmental concerns will continue to be a focus and older, less efficient plants will be closed. On the other hand, with fewer plants in their fleet, many companies will invest more in upgrading and maintaining those plants. Although unemployment is high, there remains a shortage of people in technical fields and skilled crafts, which are so critical to our industry. A long-term commitment to training, by individual companies and industry associations, will be required to fill these needs.” --George Harris, President, Hydro, Inc.