Marotta U.K. has combined with Marotta Ireland Ltd under the Marotta banner to become the group’s European centre of operations. The combined entities ensure that Marotta is able to provide an extended range of high-end, space-qualified, fluid-control products and structural engineering solutions in a timely manner to the European and World Aerospace markets.

In 2004 fulfilled the majority of the expectations that we had at the outset. In addition to supplying our core components to established European satellite programmes, we supplied components to our first launcher customer, received our first order from Asia and Marotta U.K. components were successfully launched on a number of communications and scientific satellites. In addition we continued to increase our range of products with the successful development of a High Pressure Solenoid Valve and delivery of two new Xenon flow controller configurations.

During 2004 we attended the following exhibitions:

• 4th International Spacecraft Propulsion Conference in Sardinia
• Farnborough International Airshow
• 40th AIAA/ASME/ASEE Joint Propulsion Conference and Exhibit in Florida
• Small Sats conference in Utah
• International Astronautical Congress Conference and Exhibition in Vancouver

We look forward to meeting with our customers again in 2005.