In 2021, LORRIC marked its 30th year, a milestone reached amidst the relentless challenges posed by the ongoing pandemic. Reflecting on the past three decades, from the initial development to the fine craftsmanship and functional excellence of our nozzle and flow meter products that have earned customer acclaim, LORRIC's founders have consistently focused on innovating and refining their offerings. Their goal has been clear: to support customers in achieving higher standards of production. LORRIC aspires to play an indispensable role in the continuous advancement of Taiwan's industries, understanding that persistence and strict self-demand are the keys to nearing this goal. And with pride, we can say we are on the run towards it.
Since 2015, LORRIC has been revamping its brand image to strengthen its appeal and communication. Through various visual and textual mediums, we've re-introduced our brand's value to our customers and the broader industry. The launch of our first electronic product, the ultrasonic flow meter in 2018, marked a significant expansion and reinforcement of our R&D capabilities. In 2020, we introduced the industry's first paddlewheel flow meter equipped with the patented AxleSense technology, showcasing our unique perspective and deep insights into customer and industry needs as potential game-changers.
Entering its 30th year in 2021, despite facing a once-in-a-century pandemic, LORRIC remains hopeful and continuously invests in new product and technology development. We believe that with solid perseverance, we can reach those goals that seem far but are within reach.