And I think that’s been a big plus for the Drill-N-Ream tool.
John Sturges: So this, if I may, so this sounds more like a market driven response?
Troy Meier: It really is. I think it really is. And of course, DTI has done a fantastic job. They’ve also built a team and they’ve now got experts in the – with the Drill-N-Ream that, they’re getting out and they’re getting deeper into their customers to explain these benefits that are now obvious. And so I think that’s helping out a bunch too. And what was your second question? I’m sorry.
John Sturges: Well, with the current pace, how long will the current capacity last?
Troy Meier: We’ve got, we now have a lot of capacity. I mean, we were starting to get really tight in our facility, but moving the Drill-N-Ream operations off campus and into its own facility has added a ton of capacity. We’re – we could easily double what we’re doing now. So, I think it’s going to, I think it’s going to be a while before we’ve got to expand more capacity. I’m looking, I mean, it’s, we’ve got a couple of years.
John Sturges: Okay. It just looks at the current pace. It looked like it might be a shorter timeframe. Thank you for adding all that color. Appreciate it.
Troy Meier: Thank you.
Operator: Thank you. The next question we have is from Paul from as a Private Investor. Please go ahead.
Unidentified Analyst: Good morning, gentlemen, and congratulations on your first quarter report.
Troy Meier: Thank you.
Unidentified Analyst: I have three questions for you, trying to get an idea of where you’re at. Can you describe to me what percentage of your business is primarily making new drill bits versus refurbishments and repairs?
Troy Meier: New drill bits? When we – if we just talked drill bits and not throw Drill-N-Ream in there. You’re talking refurbishment is, yes, that’s a third of it.
Unidentified Analyst: Okay. That refurbishment is a third then, right?
Chris Cashion: That’s correct.
Unidentified Analyst: And the Drill-N-Ream is the rest?
Troy Meier: Yep.
Unidentified Analyst: Okay. And with your current growth, it’s taking place industry wise, can you describe to me your current position in the business? Is – are you considered now at the mid-tier manufacturing level? Are you a major producer? Where are you at on the scale?
Troy Meier: If we look at the scale of what we’re doing, we’re still very small, very small in our industry. We’ve got a long way to go to be what I’d consider mid-tier. So, we’re still very small.
Unidentified Analyst: Thank you. And with regard to the patent infringement lawsuit, are you the plaintiff or the defendant in that suit?
Troy Meier: We are the plaintiff.
Unidentified Analyst: That’s all I got for you guys. I sure appreciate you answering my questions.
Troy Meier: Thank you.
Chris Cashion: Thank you.
Operator: Thank you, sir. Ladies and gentlemen, at this stage there are no further questions. I will now hand back to management for closing remarks.
Troy Meier: Yes, again, we want to thank everybody for joining us and, we look forward to continuing growth throughout this year. The team that’s in place now, we’ve spent the resources to bring on some quality people and to get these people trained and our team is really starting to feel comfortable with their roles in the company. So look forward to our next earnings call and sharing some new highlights with you then. But thanks again everybody for joining us and have a wonderful day.
Operator: Thank you, sir. Ladies and gentlemen, that then concludes today’s conference. Thank you for joining us. You may now disconnect your lines.
