$$

global packaging and material handling equipment

company with manufacturing, sales and service facilities throughout North America, Europe, and

Asia

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$$It is developing a new packaging machine

$($

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Pack

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$$that will replace industry legacy

packaging machinery and targets companies in the food and beverage sector. The Pack

$2$

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$$will

streamline the packaging function of customer operations which will reduce costs and increase

production efficiency. Company management has estimated that the overall market for Pack

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could be about

$1$

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$$units$.$ Management research indicates that competitors are also developing

similar types of machines.