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Iolite Technologies is a small electronic engineering company. Our main function is to turn ideas into products. People approach us with an idea and we develop the product for them on a time and materials basis. We are approached by somebody with a great idea who is looking for a technology partner. In this case we would enter into a Joint Venture with the person/company and complete the project as a team, retaining an interest in the final product. We are approached by someone with the need for a product who does not want to be involved in the development. In this case we would consider doing the development ourselves and depending on the requirements of the customer we would appoint them as either an exclusive or non-exclusive distributor of the product. We view Iolite technologies as a teaching firm where we hire Interns from the leading engineering universities of our country. By keeping an academic-Industrial Linkage, we gain access to more resources and technologies, fulfill our societal commitments by training future engineers, and are able to offer our services at a substantially lower cost than our competitors.