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Letter from the President _ 2003
2003 commenced with much activity, enthusiasm and anticipation as the malaise of September 11 and the subsequent worldwide recession appeared to be at an end. However, there still is trepidation regarding the anticipated war in Iraq and the subsequent repercussions, as well as the continuing war on terror. The economic bubble created by the Dot-Bomb boom has come to the expected end, and businesses worldwide are "Getting Back to the Basics."
Our objective for 2002 was to weather the recession, maintain and even improve upon our technical strengths and be well positioned for the economic recovery. I am proud to report that we more than met all of our objectives and are exceptionally well situated for growth in 2003. The AUTODYNAMICSTM Simulation Division successfully completed Phase I of the Saline Water Conversion Corporation (SWCC) Simulator Project, which is now a show piece in the Kingdom of Saudi Arabia. The AUDYTM Operator Training Simulator System installed at the Jubail Training Center is comprised of twenty-four (24) Operator Stations running power, desalination and water transmission programs. TRIDENT also entered into a contract with Drilling Systems Ltd. of the United Kingdom as part of a training project for the United Nations. It is anticipated that TRIDENT and Drilling Systems will be working together closely for a number of projects. The TRIDENT Services Division started out 2003 with several new contracts and had made significant inroads into several new markets. I am convinced that service companies that bring creative, cost-effective, responsive and high quality levels of service will thrive in a difficult economy. TRIDENT's reputation is impeccable, as noted by a client's recent recommendation: "TRIDENT does what it says it is going to do!" That is the ultimate compliment for any service company. 2003 will be an exciting year for TRIDENT as we continue to provide successful projects and to create incredibly happy clients.
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