Document 5by7jyLNoBxanxm0EvR3mENjJ

equipment manufacturers and the replacement market. The aircraft industry experienced a high pro duction year in all types of aircraft--private, com mercial and military. Abex supplied friction prod ucts in large quantities for all types of aircraft. A wholly new type of industrial friction material has been developed for power transmissions. This material will perform more work at higher energy levels with increased smoothness of oper ation. It is now in the field test stage in farm tractors and heavy-duty transmissions on other types of mobile equipment. The prospects for this material appear to open new opportunities and to up-grade existing applications for our materials. The market for friction products continues to grow world-wide because of the constantly grow ing car and truck population, the increased use of all types of mobile equipment and the expand ing aircraft market. Increased production capac ity in the United States and France will allow us to seek additional new business in 1966 and we expect sales volume will continue an upward trend. SCI 01657