International Processing Inc

International Processing Inc. ("IPI") is a synthetic high technology multinational corporation that possesses many of the characteristics of large global companies that produce, license, and use on a worldwide basis technology based products and services that are subject to intellectual property rights. It produces advanced materials that incorporate innovative technologies as well as developing new processes and production software that represent major advances in current practice. Its current global revenues are in excess of $5 billion per year on which it earns after tax about $500 million, and it invests about 12% of sales per year in R&D to develop new materials, processes, and software. In addition, it works closely with some of its major international customers to develop innovative materials processing solutions that solve their specific problems. It has a physical presence in some twenty countries, and international sales and earnings represent approximately 50% of the corporation's operations but are growing 15% per year compared to domestic sales of 9%. The two largest and most profitable overseas affiliates are in Japan and the EEC where they have been for more than twenty years.