On January 17, 2006 Electroglas Pte. Ltd. held its annual Supplier Day banquet in Singapore and Moritex USA Inc. was honored for its services & support throughout 2006. Moritex was the recipient of the Gold Award that distinguishes Electroglas' top supplier that exemplifies the leadership and quality of service vital to Electroglas' products and overall success. Like last year when Moritex received the Bronze Award, an advertisement thanking Moritex and the other award winning suppliers was posted in Singapore's Business Times.