Thermocompact SA is a France-based company primarily engaged in the surface coating by deposits of precious metal. The Company operates under three divisions: Coating for industrial parts for use in the aerospace, electronics, telecommunications and medical sectors, among others; Manufacture of Wires for Electrical Discharge Machining, which designs wires for cutting metallic parts by electrical discharge and High Technology Wire Manufacture where the copper, copper-zinc alloy and silver wires are electroplated and used in guitar wires, trimming, aeronautic and telecommunication sectors. As of December 31, 2011, the Company operated through three subsidiaries, including Hi-Tech Wires Asia (HWA), based in Vietnam, FSP-one SAS, based in France and FSP-one Inc, based in the United States. Thermocompact SA is a holding company of Thermo Technologies group. As of December 31, 2011, Thermocompact SA was 27.4%-owned by Banque Populaire Developpement and 19.9%-owned by Sofil.