Nathan Jones: And clearly gaining market share in in market that you weren’t in before is all incremental. Maybe we could just go on and talk a little bit about Damon. I know you guys were very excited when we were down there in September. Can you talk about, the revenue and financial profile of the business now, what it adds to the fourth quarter what the financial targets are for Damon over the next three to five years? I know you talked about getting it to a hundred million of business and how you get from point A to point B on that.
Josef Matosevic: Yeah, certainly. So as you stated, we are really very excited about the product offering, but more importantly the people and technology and into engineering capability. You know, it’s a very sound business, very profitable diversified markets that we were not in before. Sound relationships financial performance for this year is really not material as we just close this. What we expect over the next year as we continue to, to develop a very focused or execute our very focused augmented strategy in terms of having center of excellence, diversifying, and really closing in on the system sales application, we feel we can leverage Ted hydraulic segment with electrification and get to the a $100 million number as we outlined in our press release. So next year you will see, a baseline run rate anywhere between, $35 million to $45 million, $50 million type of range and then it continues from there.
Nathan Jones: And the strategy to get to that $100 million, how you’re leveraging the footprint with legacy business, etcetera in order to get to that a $100 million, what drives the growth to get there?
Josef Matosevic: Yeah, it’s twofold. One is organic application that we are, you know, just continuing to execute our manufacturing strategy with center of excellence and in the region for the region leveraging our faster brand from Europe into North America and then coupling our system sales application where we can do a system within the Damon footprint and leveraging their engineering capabilities to do more into the diversified markets and couple in other products in the hydraulics and electronics within the Damon four walls to get into the applications and markets they’re currently serving. So it’s a combination between organic new products and there could be another flywheel acquisition that we, that we add for electrification to speed the process up. Great. I’ll pass it on. Thanks for taking my questions. Thank you.
Operator: I would now like to turn the call back over to Tania Almond for any closing comments.
Tania Almond: Great, thank you operator, and thank you everyone for joining us today. We appreciate your interest in Helios and look forward to updating all of you on our fourth quarter results next year. Please feel free to reach out to me throughout the day with any follow up questions. Have a great day, and stay healthy. Take care.
Operator: Thank you. This does conclude today’s teleconference. We appreciate your participation. You may disconnect your lives at this time. Enjoy the rest of your day.
