Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>Espec makes testing equipment. This accounts for 82% of sales. The bulk (c. 85%) of this is environmental test chambers where is has a 60% domestic market share and 30% global market share. It has some 3,000 customers and sells to the likes of MELCO, Toyota, Panasonic, Canon, Murata and Samsung. By industry 36% of sales are to electronic device makers, 20% to automobile makers, 10% to the semiconductor industry, 4% for FPD’s and 30% to other industries. Its testing chambers are used in the R&amp;D…</p>

Espec makes testing equipment. This accounts for 82% of sales. The bulk (c. 85%) of this is environmental test chambers where is has a 60% domestic market share and 30% global market share. It has some 3,000 customers and sells to the likes of MELCO, Toyota, Panasonic, Canon, Murata and Samsung. By industry 36% of sales are to electronic device makers, 20% to automobile makers, 10% to the semiconductor industry, 4% for FPD’s and 30% to other industries. Its testing chambers are used in the R&amp;D…

Espec (6859) Play on Corporate R&D Spend, and Will Continue to See Steady Growth.

Espec Corp

Espec (6859) Play on Corporate R&D Spend, and Will Continue to See Steady Growth.