Xaar plc (Xaar) is an independent supplier of industrial inkjet printheads. Xaar is engaged in the principal activity of the development and commercial exploitation of patented inkjet printing technology. The Company is a holding company. The Company has manufacturing facilities at the United Kingdom and Sweden. The Company also develops and sells ink systems, electronics and a fluid optimization service. Xaar sells to original equipment manufacturers (OEMs) around the world through its regional sales offices and distributors. The Company operates in three principal geographical areas, which include Europe, Middle East and Africa (EMEA), the Americas and Asia. The Company operates in four segments: Industrial, Packaging, Graphic arts and Licensee royalties. During the year ended December 31, 2011, the Industrial segment accounted for 46%, Graphic arts segment accounted for 26%, Packaging segment accounted for 17% and Licensee royalties segment accounted for 11% of Xaar�s revenues.