2003 Annual Report - Enerflex

Enerflex operates in a very competitive business environment. To be successful, the Company must deliver qualityproducts and services while remaining price competitive. We are committed to streamlining processes in the office,on the shop floor and in the field to continuously improve efficiency while enhancing financial and operationalcontrols. We are also committed to developing improved products, like EFX Compression’s Gen III compressorpackage and Syntech’s proprietary control technology, which provide benefits to our customers and createcompetitive advantages for your Company.Management and our employees would like to thank our Board of Directors and shareholders for the direction andencouragement that have been offered over the past year. Your support for our initiatives to strengthen theCompany’s foundation and build for the future is gratefully appreciated.Yours sincerely,(signed)P. John AldredChairman, Presidentand Chief Executive OfficerFebruary 2, 2004Enerflex 2003 Annual Report15