20 unchanged sentences
In 1998, the Company entered into agreements with Carbontronics, LLC, pursuant to which the Company designed, manufactured, sold and installed four synthetic fuel production plants.
−Removed: In addition to payment for the plants, the Company received membership interests in two synthetic fuel entities.
−Removed: These derived significant cash flows from the sale of synthetic fuel and tax credits (Internal Revenue Code, Section 29) and, consequently, distributed significant cash to the Company from 2001 to 2010.
−Removed: The tax credit legislation expired at the end of calendar year 2007.
+Added: In addition to payment for the plants, the Company received membership interests in two synthetic fuel entities which resulted in significant cash flows from the sale of synthetic fuel and tax credits (Internal Revenue Code, Section 29) and, consequently, distributed significant cash to the Company from 2001 to 2010.The tax credit legislation expired at the end of calendar year 2007.
Consequently, the four synthetic fuel plants were decommissioned.
35 unchanged sentences
The markets for the Company’s products are highly competitive.
−Removed: The industry remains fairly concentrated, with a small number of companies competing for the majority of the Company’s product lines.
−Removed: The principal competitive factors include quality, price, delivery, availability, and technology.
+Added: The industry remains fairly concentrated, with a small number of companies competing in the markets of the majority of the Company’s product lines.
+Added: The principal competitive factors include quality, price, delivery, availability, and technological capabilities.
The Company believes it manufactures the highest quality equipment in the industry.
−Removed: Its products’ performance reliability, brand recognition, pricing, and after-the-sale technical support are other important factors.
+Added: In addition, the Company believes that its products’ performance reliability, brand recognition, pricing, and after-the-sale technical support are other important factors that enable the Company to compete effectively.
Sales and Marketing
19 unchanged sentences
The Company does not expect any material impact on future operating costs as a result of compliance with currently enacted environmental regulations.
−Removed: As of September 30, 2023, the Company had 314 full-time and 3 part-time employees.
+Added: As of September 30, 2024, the Company had 323 full-time employees.
The Company has a collective bargaining agreement covering employees at its Marquette, Iowa facility.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.