I am the CEO of Micralyne, and I am writing to let you know that Tronics' profitability claim as reported by Small Times, is wrong: It is not the first pure-play contract manufacturer of advanced MEMS devices to achieve consistent profitability.

Micralyne, a MEMS developer and manufacturer in Canada, has been in operation for 10 years. During that time we have had profitable GAAP net income every year but one (2004). During this time revenues have approximately quintupled. In the last three years our revenue has more than doubled, we remain profitable, and we are expecting continued profitable growth for the foreseeable future. We generate our revenues primarily from manufacturing products in volume for our OEM customers, and we also add significant value to our customers by doing extensive test and assembly, and process characterization and optimization.

Micralyne's business has always focused on adding significant value to our customers so that we can consistently generate profits. This focus on customer understanding and fulfillment has and will continue to guide our business.

I commend our competitor on its achievement: It validates that the MEMS industry is developing sustainable presence. However, the profit trailblazer of the independent MEMS manufacturing industry is Micralyne.

Fortunately, with good growth in the industry, none of the MEMS manufacturers compete strongly with each other---industry growth and niche specialization provide enough market space for all the existing players. Thus Micralyne can spar good-naturedly with our competitors about their profitability claims. However, we are very serious about serving our customers effectively, and this has given us 10 years of profitable growth.

Micralyne looks forward to congratulating our competitors when they too have achieved a decade of profits, not just five quarters.