Scott Keeney: Yes, very good question, Ruben. It is both. We do think that having the process monitoring from Plasmo, gives us the opportunity for new design wins that we might not otherwise have, but then also gives us cross-selling for our current lasers and notably new lasers that we are developing for that market and further insights into the road map for what’s going on there. So, yes, that was something we wanted to note, that we’re making progress there. It was about a year ago that we acquired Plasmo and we do think that process monitoring is a very important part of many of the applications that we serve and that by integrating that with our lasers, it provides a complete and further-optimized solution and in particular here in the EV battery market and in a market that is very dynamic and growing.
Ruben Roy: Great. Excellent. That’s all I had. Thank you.
Operator: The next question comes from Jim Ricchiuti with Needham & Company. Please go ahead.
Jim Ricchiuti: Hi, good afternoon. I wanted to go back to the Fabrinet announcement. And maybe you could just walk us through the time line. Obviously, you’ve known these guys for a while. They’re pretty well known in terms of this industry. But the actual decision to go this route, it sounds like this was being driven by the momentum that you’ve seen in the defense business, but maybe if you could just help us understand, the whys and timing around it.
Scott Keeney: Yes Jim, I certainly have known Fabrinet for a long time and I’ve always been impressed. We did look at multiple sems here and in the end they’re — we’re very pleased with the capabilities of Fabrinet. They’ve done a very good job serving the industry for many years now. And in terms of the decision here, it’s about diversifying and mitigating manufacturing risk further. As we’ve talked about, we’re transitioning manufacturing from our current manufacturing in China. We’ve got our automation up and running in the US, but the contract manufacturing piece of this serves particular products and particular markets in an optimized way. So it’s about having that portfolio that both diversifies risk and as Joe mentioned to variabilize as part of our manufacturing capacity.
So, those are the overarching reasons. We’ve been working on this for some time. I’ve been engaged with them for many years now. But we’re pleased to announce that we are shipping from Fabrinet and we’re pleased with this transition that we’ve talked about for some time.
Jim Ricchiuti: Okay. I think, I can understand the optimism that you have around the defense business, so as you think about 2024, but we’re still a ways off from early 2024 to have some line of sight that gives you optimism on the industrial side. So, it sounds like you’re working with some newer customers. Can you help us understand the types of applications and the confidence that you have that that could contribute to revenues early next year or presumably early next year?
Scott Keeney : Yes, exactly, Jim. Yes. So as you know in the defense market, obviously, we’ve got longer-term visibility. In the industrial markets, it’s — in many cases, it’s harder to see out. However, when we’re talking about design wins that’s where we do have the visibility. And notably in both additive and as I just mentioned in welding that’s where there’s a longer-term design-in process and we’re seeing good progress. I mentioned the process monitoring a minute ago. But in addition, our Corona programmable beam technology continues to be adopted across all of our markets. But I would highlight again in additive manufacturing, we do think that the Corona AFX technology has a distinct advantage. And we look forward to making announcements at the appropriate time in coming trade shows, and other venues for these design wins and new product launches.
