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P.S.

You write"  there is room for competition to move in, however, the patents provide a nice moat."

 Well you are misinformed again as UG's principal Product "LUBRAJEL" IS NOT PATENTED.

And the "moat" comes from the fact that that various products are each very little and are in total very small as TOTAL ANNUAL revenues are merely all of just $13 million.

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