8 unchanged sentences
Specialty piping systems include:
−Removed: (i) insulated and jacketed district heating and cooling ("DHC") piping systems for efficient energy distribution from central energy plants to multiple locations, (ii) primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and (iii) the coating and/or insulation of oil and gas gathering and transmission pipelines.
+Added: (i) insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, (ii) primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and (iii) the coating and/or insulation of oil and gas gathering and transmission pipelines.
The Company's leak detection systems are sold with its piping systems or on a stand-alone basis to monitor areas where fluid intrusion may contaminate the environment, endanger personal safety, cause a fire hazard, impair essential services or damage equipment or property.
3 unchanged sentences
The Company’s piping systems are typically sold as a part of large discrete projects, and customer demand can vary by season.
−Removed: See "Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A")."
+Added: See "Management's Discussion and Analysis of Financial Condition and Results of Operations."
Operating Facilities:
16 unchanged sentences
The Company employs a direct sales force in Canada, India and Egypt, and in several countries in the Middle East to market and sell products and services.
−Removed: On a country-by-country basis, and where advantageous, an agent network is often used to assist in marketing and selling the Company's products and services.
−Removed: For the year ended January 31, 2020, one customer accounted for 11.5% of the Company's consolidated net sales and for the year ended January 31, 2019, no one customer accounted for more than 10% of the Company's consolidated net sales.
−Removed: As of January 31, 2020 and 2019 , o ne customer accounted for 13.3% and three customers accounted for 42.0% of accounts receivable, respectively.
+Added: On a country-by-country basis, and where advantageous, the Company uses an agent network to assist in marketing and selling the Company's products and services.
+Added: For the year ended January 31, 2021, no one customer accounted for greater than 10% of the Company's consolidated net sales, and for the year ended January 31, 2020, one customer accounted for 11.5% of the Company's consolidated net sales.
+Added: As of January 31, 2021 and 2020 , no o ne customer accounted for greater than 10% and one customer accounted for 13.3% of accounts receivable, respectively.
The Company’s backlog on January 31, 2021 was $52.6 millio n compared to $46.8 million on January 31, 2020 , most of which is expected to be completed within 2021.
−Removed: This reduction is primarily the result of major projects completed during 2019 in Saudi Arabia and the Gulf of Mexico.
+Added: This increase is primarily the result of project delays caused by the COVID-19 pandemic and related disruptions, and major project awards in the Middle East.
The Company defines backlog as the expected total revenue value resulting from confirmed customer purchase orders that have not yet been recognized as revenue.
6 unchanged sentences
These patents are not material to the Company either individually or in the aggregate because the Company believes its sales would not be materially reduced if patent protection was not available.
−Removed: The Company owns numerous trademarks connected with its piping and leak detection systems including the following U.S.
−Removed: Perma-Pipe®, Chil-Gard®, Double Quik®, Escon-A®, FluidWatch®, Galva-Gard®, Polytherm®, Pal-AT®, LiquidWatch®, PalCom®, Xtru-therm®, Auto-Therm®, Multi-Therm®, Ultra-Therm®, Cryo-Gard®, Sleeve-Gard®, Electro-Gard® and Sulphur-Therm®.
+Added: The Company owns numerous trademarks connected with its piping and leak detection systems.
The Company also owns a number of trademarks throughout the world.
−Removed: Some of the Company's more significant trademarks include:
−Removed: Auto-Therm®, Cryo-Gard®, Electro-Gard®, Sleeve-Gard®, Permalert®, Pal-AT®, Perma-Pipe®, Polytherm®, Sulphur-Therm®, Ric-Wil®, and Xtru-therm®.
−Removed: The basic raw materials used in production are pipes and tubes made of carbon steel, steel alloys, copper, ductile iron, or polymers and various chemicals such as polyols, isocyanate, urethane resin, polyethylene and fiberglass, mostly purchased in bulk quantities.
+Added: The Company owns patents for some of the features of its sensor cables.
+Added: The basic raw materials used in production are pipes and tubes made of carbon steel, steel alloys, copper, ductile iron, or polymers and various chemicals such as polyols, isocyanate, urethane resin, polyethylene and fiberglass, which are mostly purchased in bulk quantities.
The Company believes there are currently adequate supplies and sources of availability of these needed raw materials.
The sensor cables used in the Company's leak detection and location systems are manufactured to the Company's specifications by companies regularly engaged in manufacturing such cables.
−Removed: The Company owns patents for some of the features of its sensor cables.
The Company assembles the monitoring component of its leak detection and location systems from components purchased from many sources.
1 unchanged sentence
The Company believes its principal competition consists of over 20 major competitors and more small competitors.
−Removed: The Company believes that quality, service, engineering design capabilities and support, a comprehensive product line, timely execution, plant location and price are key competitive factors.
+Added: The Company believes that quality, service, engineering design capabilities and support, a comprehensive product line, timely execution, plant location and price are key competitive factors in the industry.
The Company also believes it has a more comprehensive product line than any competitor.
6 unchanged sentences
Under this regulation, many major refineries are required to recover fugitive vapors and dispose of the recovered material in a process sewer system, which then becomes a hazardous secondary waste system that must be contained.
−Removed: Although there can be no assurances as to the ultimate effects of these governmental regulations, the Company believes such regulations may increase the demand for its piping systems products.
−Removed: In the United States and Canada, federal government regulations require that all buried pipelines that cross state or provincial boundaries or the United States-Canada border, have an anti-corrosion coating system applied.
+Added: Although there can be no assurances as to the ultimate effects of these governmental regulations, the Company believes such regulations generally increase the demand for its piping systems products.
+Added: In the United States and Canada, federal government regulations require that all buried oil and gas pipelines that cross state or provincial boundaries or the United States-Canada border, have an anti-corrosion coating system applied.
The Company believes that this regulation has a positive effect on demand for its products due to the Company's unique expertise with respect to anti-corrosion coating.
−Removed: As of January 31, 2020 , the Company had approximately 193 employees working in the United States, of which approximately 79 were under two collective bargaining agreements, one expiring on March 31, 2022, and the other on April 30, 2020, which is expected to be renewed.
−Removed: There were approximately 439 employees working at the Company's international locations.
+Added: As of January 31, 2021 , the Company had approximately 167 full-time employees working in the United States, of which approximately 72 were under two collective bargaining agreements, one expiring on March 31, 2022, and the other expiring on April 30, 2023.
+Added: There were approximately 337 full-time employees working at the Company's international locations.
The Company considers its relationship with its employees to be good.
24 unchanged sentences
Bryan Norwood:
−Removed: Appointed Vice President and Chief Financial Officer in November 2018.
+Added: Appointed Vice President and CFO in November 2018.
From 2014 to 2018 Mr.
9 unchanged sentences
Bosch was Vice President of Human Resources at Pactiv, a $4.0 billion global manufacturer and distributor of food packaging products.
−Removed: Prior to Pactiv, he led the human resource activities at the North American segment of Barilla America, a $6.3 billion global pasta, sauces and bakery manufacturer and was the Chief Human Resources Officer for water filtration leader Culligan International.
−Removed: Bosch's background spans the entire spectrum of human resources competencies, including mergers and acquisition and business integration, in start-up, turnaround and high-growth businesses.
−Removed: His scope also includes communications, legal, occupational health services, health safety environment, risk management, payroll, facilities and general administrative services.
+Added: Prior to Pactiv, he led the human resource activities at the North American segment of Barilla America, a $6.3 billion global pasta, sauces and bakery manufacturer and was the Chief Human Resources Officer for water filtration leader Culligan International Company.
+Added: Bosch's background spans the entire spectrum of human resources competencies, including mergers, acquisitions and business integration, in start-up, turnaround and high-growth businesses.
+Added: The scope of his experience also includes communications, legal, ethics and compliance, health safety environment, risk management, payroll, facilities and general administrative services.
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.