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                            Gray West                             twelve projects from Petco while competing against
                            with Bob Moore                        six general contractors. Our team delivered! These
                            President
                                                                  projects will be a nice boost to FY20. In addition to
                            In Caddyshack, Bill Murray’s          our current medical clients, we have a new one in the
                          character, Greenskeeper Carl Spackler,   pipeline and we have been selected to provide bids
            famously said, “I’d keep playing. I don’t think the   for seven other projects.
            heavy stuff is coming down for quite awhile.”            Our outlook for the remaining year is promising and
              As everyone has experienced recently, just when we   FY21 is setting up nicely; we are looking forward to it!
            see some sunshine, heavier stuff keeps falling. As we
            continue to battle the COVID-19 enemy in the West,
            we are winning the battles. We are more cognizant                     Gray Solutions
            than ever about what we do outside of work                            with Walker Mattox
                                                                                  President
      4     impacting our own health and the health of others at
            work. We will keep playing, regardless of how heavy                   As we look ahead to gain a better
            the stuff gets.                                                     understanding of the “new-normal”
              In spite of the challenges, we continue on pace to   way of life, Gray Solutions has focused on remaining
            meet our financial goals for this fiscal year. For next   safe and healthy during our work-from-home initiative.
            fiscal year, the course has more hazards. Though      We credit the thought and planning of our Gray,
            sales opportunities and estimating activities continue   Inc. leadership team and appreciate the decisions
            at a robust pace, we are seeing job starts postponing   put into place to ensure our safety company-wide.
            until early 2021. We remain agile, ready to adjust to   While the world looks much different than it did four
            the course conditions, aiming for fairways and greens   months ago, we are adhering to all safety measures,
            with an eye on shooting par or better in 2021.        and adapting to new ideas and ways of growing
              So we got that going for us, which is nice!         our business.
                                                                    We are excited to share the news of our Lexington
                                                                  office expansion! Over the course of the last five
                            Timberwolff                           months, we have nearly doubled our square footage
                            Construction                          and added an entire new addition to our main office
                            with Mike Wolff                       floorplan. The creation of three new state-of-the-art
                            President
                                                                  conference rooms equipped with technology specially
                            As we move into the home stretch      designed for virtual and in-person meetings gives
            of our fiscal year, our team at Timberwolff is working   us the ability to work directly with our customers no
            hard to achieve our sales goals and put the work      matter where they are in the world. In addition to the
            into place. Our fiscal year started off with bang and   office expansion, we have added another building
            gave us a couple of great quarters, but quarter       to the Gray Solutions campus. We are pleased to
            three has been tough due the ongoing COVID 19’s       introduce the Gray Solutions Innovation Center. The
            restrictions and civil unrest. Our sales pipeline has   new space will be utilized to develop robotic solutions
            been affected and projects have been delayed to       and house a PLC test lab, thus giving us the ability to
            FY21. Consequently, our back log is growing which is   develop, test, and further expand into new capabilities
            always exciting.                                      and service offerings for our customers.
              ‘Diversify or Die’ is advice given to me some time    Gray Solutions not only grew externally, but
            ago from a wise gentleman, Bob Moore. We took         internally as well. We have expanded to over forty-
            his advice and moved away from just traditional retail   five employees and are planning for more in the
            and began focusing on medical and veterinary clinics   coming months. We began utilizing new ways of
            in recent years. This move has proven successful for   communication, on projects and internally. The
            Timberwolff, and we have recently won eight out of    use of virtual meetings was integral for our team to





