ANNUAL REPORT 2017

Chairman Jesús María Iriondo Arrizabalaga. Maser Microelectrónica, S.L. Deputy Chair José Ignacio Torrecilla Zubizarreta. Goratu Máquinas Herramienta, S.A. Secretary José Luis Novoa Lage. Armeria Eskola Company members (elected from among collaborative entities) Francisco Javier Fernández de Retana Irisarri. Aernnova Aerospace, S.A.U. José Pérez Berdud. Fagor Automation, S.Coop. Álvaro Martínez de Lagos Salvador. Goizper, S.Coop. Joseba Ruiz de Alegría Martínez de Morentín. Ibermática, S.A. Jaione Lamy Insausti. Kutxabank Miguel Lazpiur Lamariano. Lazpiur, S.A. Aitor Atutxa Arribalzaga. Maier Technology Centre, S.Coop. Gustavo Lascurain Aguirresarobe. Pasaban, S.A. José Antonio Malumbres García. Siemens Gamesa Innovation & Technology, S.L. Íñigo Segura Díaz de Espada. Zigor, S.A. Institutional members Iosu Madariaga Garamendi. Dept. of Economic Development and Infrastructures - Basque Goverment Adolfo Morais Ezquerro. Dept. of Education Basque Government Antton Tomasena Rodríguez Gipuzkoa Provincial Council Miguel de los Toyos Nazabal. Eibar Town Council Juan Ángel Balbás Egea. Debegesa. José Luis Martín González. UPV/EHU Natividad García Rodríguez. Alumni Association - Armeria Eskola 07.1. Collaborating entities on the date of publication of this report 07.2. Board of Administrators on the date of publication of this report Board of Administrators on the date of publication of this report 07.2. COLLABORATIVE ENTITITIES AND BOARD OF TRUSTEES INDEX 01 MESSAGE FROM THE CHAIR 02 REPORT BY THE GENERAL MANAGEMENT 03 MARKET MANAGEMENT 04 TECHNOLOGY MANAGEMENT 05 THE VOICE OF OUR CUSTOMERS AND COLLABORATORS 06 REVENUES AND BOOK BALANCE 07 COLLABORATING ORGANISATIONS & GOVERNING BOARD 08 IK4 RESEARCH ALLIANCE