Top Banner
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ŶƚĞŐƌĂƟŶŐ ŶŐŝŶĞĞƌŝŶŐ ĂŶĚ ŝŽůŽŐLJ ^ŝŶĐĞ ϭϵϬϲ
16

VWHPV (QJLQHHULQJ 6KRZFDVH

Nov 16, 2021

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: VWHPV (QJLQHHULQJ 6KRZFDVH

�����%LRV\VWHPV�(QJLQHHULQJ�6KRZFDVH

$SULO���������

$�:��)DUUDOO�+DOO� 0DUULRWW�DW�8QLYHUVLW\�3ODFH

(DVW�/DQVLQJ

�%LRV\VWHPV�(QJLQHHULQJ

*UDGXDWHV�RI�WKH�068�%LRV\VWHPV�(QJLQHHULQJ�8QGHUJUDGXDWH�3URJUDP�DUH�H[SHFWHG�WR�VXF�FHHG�LQ�GLYHUVH�FDUHHUV�ZKHUH�WKH\�LQWHJUDWH�DQG�DSSO\�SULQFLSOHV�RI�HQJLQHHULQJ�DQG�ELRORJ\�WR�D�ZLGH�YDULHW\�RI�JOREDOO\�LPSRUWDQW�SUREOHPV��068�%LRV\VWHPV�(QJLQHHULQJ�JUDGXDWHV�DUH�H[SHFWHG�WR�DWWDLQ�WKDW�VXFFHVV�E\� � LGHQWLI\LQJ�DQG�VROYLQJ�SUREOHPV�DW�WKH�LQWHUIDFH�RI�ELRORJ\�DQG�HQJLQHHULQJ��XVLQJ�PRGHUQ�HQJLQHHULQJ�WHFKQLTXHV�DQG�WKH�V\VWHPV�DSSURDFK�

� DQDO\]LQJ��GHVLJQLQJ��DQG�FRQWUROOLQJ�FRPSRQHQWV��V\VWHPV��DQG�SURFHVVHV�WKDW�LQYROYH�FULWL�FDO�ELRORJLFDO�FRPSRQHQWV��DQG

� GHPRQVWUDWLQJ�YLVLRQ��DGDSWDELOLW\��FUHDWLYLW\��D�SUDFWLFDO�PLQGVHW��HIIHFWLYH�FRPPXQLFDWLRQ�VNLOOV�IRU�WHFKQLFDO�DQG�QRQ-WHFKQLFDO�DXGLHQFHV��WKH�DELOLW\�WR�ZRUN�LQ�GLYHUVH��FURVV-GLVFLSOLQDU\�WHDPV��DQG�D�FRPPLWPHQW�WR�VXVWDLQDELOLW\��FRQWLQXLQJ�SURIHVVLRQDO�JURZWK��DQG�HWKLFDO�FRQGXFW�

068�%LRV\VWHPV�(QJLQHHULQJ�JUDGXDWHV�DUH�KDYLQJ�D�SRVLWLYH�LPSDFW�RQ�WKH�ZRUOG�ZRUNLQJ�LQ�WKH�DUHDV�RI�IRRG��IRRG�VDIHW\�DQG�TXDOLW\��HQYLURQPHQW��VXVWDLQDEOH�HFRV\VWHPV�DQG�UHVRXUFH�FRQVHUYDWLRQ��HQHUJ\��ELRHQHUJ\�DQG�ELRSURGXFW�VROXWLRQV��DQG�KHDOWK��GLDJQRVWLFV��V\VWHPV�PRGHOV��DQG�ULVN-DVVHVVPHQW�WRROV�WR�HQKDQFH�SXEOLF�KHDOWK��

�/ŶƚĞŐƌĂƟŶŐ��ŶŐŝŶĞĞƌŝŶŐ�ĂŶĚ��ŝŽůŽŐLJ�^ŝŶĐĞ�ϭϵϬϲ

Page 2: VWHPV (QJLQHHULQJ 6KRZFDVH

3URJUDP

$XGLWRULXP�-�����)DUUDOO�+DOO�-�����6��6KDZ�/DQH��(DVW�/DQVLQJ��0, �����-������ S�P� 6HQLRU�6WXGHQW�'HVLJQ�3UHVHQWDWLRQV��VFKHGXOHG�DW����PLQXWH�LQFUHPHQWV�

· 7HDP��-�-%7�-�6SLUDO�-�3RXOWU\�6KHHW�0HDW�3URFHVVLQJ�(TXLSPHQW�/LQH�2SWLPL]DWLRQ 6WHYH�+RJDQ��0HDJKDQ�5HD��1LFROH�5LJGRQ��DQG�-RUGDQ�6LFD · 7HDP���-�&RYDQFH�-�7KH�3URFHVV�3URIHVVLRQDOV�-�1XWULWLRQDO�$QDO\VLV�6DPSOH�3UHSDUDWLRQ�

2SWLPL]DWLRQ 1DWH�*DUSLHO��(PPD�+HFNHOVPLOOHU��3DLJH�/HSSDQHQ��DQG�6HUHQLW\�6NLOOPDQ · 7HDP���-�0HLMHU�-�0LONLQ¶�,W�-�0LON�3ODQW�'DQD�0DQDJHPHQW�,PSOHPHQWDWLRQ (ULF�/DXVFK��%URFN�5RHORIV��0HOLVVD�6FKQHLGHU��DQG�5\DQ�6FRWW · 7HDP���-�%LPER�%DNHULHV�-�/¶2YHQ�,W�-�2YHQ�2SHUDWLRQ�$QDO\VLV�DQG�2SWLPL]DWLRQ 0RUJDQ�+DUULV��(ULF�.OHLQ��$OHNV�3RSRYLF��DQG�$QWKRQ\�7RPDVNL

7HDP���-�0'27�-�7HDP�22�-�3KRVSKRUXV�5HPRYDO�IURP�:DVWHZDWHU (PLO\�%DQDFK��-HVVLFD�&DUOHWRQ��$QQD�1HOVRQ��DQG�-RVKXD�6KDK

�����-������S�P� %UHDN �����-������S�P� 6HQLRU�6WXGHQW�'HVLJQ�3UHVHQWDWLRQV��VFKHGXOHG�DW����PLQXWH�LQFUHPHQWV�

· 7HDP���-�.HOORJJ�-�7RQ\¶V�.URQLHV�-�2YHQ�2SWLPL]DWLRQ $QGUHZ�.RYDFK��(GXDUGR�0D\D-/XHYDQR��0RQLND�0LFKDOLN��DQG�0DWWKHZ�3D[KLD · 7HDP���-�6WXGHQW�2UJDQLF�)DUP�-�6WHP�0HHWV�67(0�-�*HUPLQDWLRQ�&KDPEHU�'HVLJQ�DQG�

2SWLPL]DWLRQ $OH[�'DUURZ��&DLWOLQ�.QHGJHQ��/LQGD�/D\��&RXUWQH\�9DQGHUKRRI��DQG�:LOOLDP�9DQPDHOH · 7HDP���-�3HUULJR�-�(QHUJ\�3KDUPHUV�-�0DQXIDFWXULQJ�3ODQW�(QHUJ\�$XGLW�DQG�2SWLPL]DWLRQ 1LFN�6HUYDGLR��(PLO\�:LOOLV��.DUD�'HDQ��DQG�$OH[DQGUD�:KLWPDQ

7HDP���-�0'15�-�&UD\ILVK�:LOO�-�5HG�6ZDPS�&UD\ILVK�&RQWURO�LQ�0LFKLJDQ (OL]DEHWK�$XVPXV��$OH[LV�.RQWRURXVLV��%ROXQ�/L��DQG�;LQ�7DQJ

�����-������S�P� %UHDN �QG�)ORRU�+DOOZD\�)DUUDOO�+DOO�-� �����-������S�P� 5HFHSWLRQ��6WXGHQW-,QGXVWU\�,QWHUDFWLRQ��%(�����3RVWHU�3UHVHQWDWLRQ (DVW�/DQVLQJ�0DUULRWW�DW�8QLYHUVLW\�3ODFH�-�����0$&�$YHQXH��(DVW�/DQVLQJ��0, �����-������S�P� %DQTXHW�'LQQHU��SULRU�UHVHUYDWLRQ�UHTXLUHG�

%(�6KRZFDVH�LV�DQ�DQQXDO�HYHQW�WR�KLJKOLJKW�WKH�DFFRPSOLVKPHQWV�RI�RXU�VWXGHQWV��6KRZFDVH�VXFFHVV�ZRXOG�QRW�EH�SRVVLEOH�ZLWKRXW�WKH�FRQWLQXHG�VXSSRUW�RI�RXU�DOXPQL��ERDUG�PHPEHUV��LQGXVWU\�SDUWQHUV��XQLYHUVLW\�DGPLQLVWUDWLRQ��SDUHQWV�DQG�VSRQVRUV��7KDQNV�WR�HYHU\RQH�ZKR�FRQWULEXWHV�WR�WKH�FRQWLQXLQJ�%(�6KRZFDVH�VXFFHVV��

6FKHGXOH

0HVVDJH�IURP�WKH�&KDLU�

%$(�&KDLU 'DUUHOO�:��'RQDKXH��3(

Page 3: VWHPV (QJLQHHULQJ 6KRZFDVH

3DUWLFLSDQWV

3DUWLFLSDQWV

%LRV\VWHPV�'HVLJQ�3URMHFW�3DUWLFLSDQWV

�ůŝnjĂďĞƚŚ�ZĞŶĞĞ��ƵƐŵƵƐ �ŵŝůLJ�ZŽƐĞ��ĂŶĂĐŚ :ĞƐƐŝĐĂ��͘��ĂƌůĞƚŽŶ �ůĞdžĂŶĚƌĂ��ůŝnjĂďĞƚŚ��ĂƌƌŽǁ <ĂƌĂ�:ĂŶĞ��ĞĂŶ EĂƚŚĂŶ���ĂŶŝĞů�'ĂƌƉŝĞů DŽƌŐĂŶ��ůŝnjĂďĞƚŚ�,ĂƌƌŝƐ �ŵŵĂ�KůŝǀŝĂ�,ĞĐŬĞůƐŵŝůůĞƌ ^ƚĞǀĞŶ�:ĂŵĞƐ�,ŽŐĂŶ �ƌŝĐ��ůďĞƌƚ�<ůĞŝŶ �ĂŝƚůŝŶ�>ŽƵŝƐĞ�<ŶĞĚŐĞŶ �ůĞdžŝƐ��ŽƌĞĞŶ�<ŽŶƚŽƌŽƵƐŝƐ �ŶĚƌĞǁ�>ůŽLJĚ�<ŽǀĂĐŚ

�ƌŝĐ�tŝůůŝĂŵ�>ĂƵƐĐŚ >ŝŶĚĂ�DĂƌŝĞ�>ĂLJ WĂŝŐĞ�sŝƌŐŝŶŝĂ�>ĞƉƉĂŶĞŶ �ŽůƵŶ�>ŝ �ĚƵĂƌĚŽ�DĂLJĂ->ƵĞǀĂŶŽ DŽŶŝŬĂ��ĂŶƵƚĂ�DŝĐŚĂůŝŬ �ŶŶĂ�EŽĞůůĞ�EĞůƐŽŶ DĂƩŚĞǁ�:ŽŚŶ�WĂdžŚŝĂ �ůĞŬƐĂŶĚƌĂ�WŽƉŽǀŝĐ DĞĂŐŚĂŶ�ZŽƐĞ�DĂƌŝĞ�ZĞĂ EŝĐŽůĞ�D͘�ZŝŐĚŽŶ �ƌŽĐŬ�ZŝĐŚĂƌĚ�ZŽĞůŽĨƐ DĞůŝƐƐĂ��ƵďƌĞĞ�^ĐŚŶĞŝĚĞƌ

ZLJĂŶ�WĂƵů�^ĐŽƩ EŝĐŚŽůĂƐ��ůĞdžĂŶĚĞƌ�^ĞƌǀĂĚŝŽ :ŽƐŚƵĂ��ũĂLJ�^ŚĂŚ :ŽƌĚĂŶ�>ĞĞ�^ŝĐĂ ^ĞƌĞŶŝƚLJ��ǀĞ�^ŬŝůůŵĂŶ yŝŶ�dĂŶŐ �ŶƚŚŽŶLJ��ŚĂƌůĞƐ�dŽŵĂƐŬŝ �ŽƵƌƚŶĞLJ�:ŽƌĚĂŶ�sĂŶĚĞƌŚŽŽĨ tŝůůŝĂŵ�,ƵŶƚĞƌ�sĂŶŵĂĞůĞ �ůĞdžĂŶĚƌĂ�<ĂƚŚĞƌŝŶĞ�tŚŝƚŵĂŶ �ŵŝůLJ��ůŝnjĂďĞƚŚ�tŝůůŝƐ

'HVLJQ�3URMHFW�,QVWUXFWRU 'DQD�.LUN��3(%(��������

'HVLJQ�3URMHFW�,QVWUXFWRU DQG�7HFKQLFDO�$GYLVRU /XNH�5HHVH %(��������

6KRZFDVH�(YHQW�&RRUGLQDWRU�%DUE�'H/RQJ

6WDII

Page 4: VWHPV (QJLQHHULQJ 6KRZFDVH

7HDP�3URMHFWV

)DFXOW\�$GYLVRU ,OFH�0HGLQD�0H]D

)DFXOW\�$GYLVRU 'DQLHO�*X\HU

7HDP�0HPEHUV��/�WR�5� 1DWH�*DUSLHO 3DLJH�/HSSDQHQ 6HUHQLW\�6NLOOPDQ (PPD�+HFNHOVPLOOHU

1XWULWLRQDO�$QDO\VLV�6DPSOH�3UHSDUDWLRQ 2SWLPL]DWLRQ�-�������SP�

7KH�3URFHVV�3URIHVVLRQDOV�GHYHORSHG�VWDQGDUGL]HG�VDPSOH�KRPRJHQL]DWLRQ�SURWRFROV�DQG�FRUUHVSRQGLQJ�SURFHVV�PDSV�IRU�D�ZLGH�YDULHW\�RI�IRRG�SURGXFWV��7KH�JRDO�RI�WKHVH�UHFRPPHQGDWLRQV�ZDV�WR�LQFUHDVH�VDPSOH�WKURXJKSXW�DQG�UHGXFH�VDPSOH�UHZRUN��

6SRQVRU &RYDQFH �XQGHU�1RQ-GLVFORVXUH�

)DFXOW\�$GYLVRU %UDGOH\�0DUNV��3(

7HDP�0HPEHUV��/�WR�5� 6WHYH�+RJDQ 0HDJKDQ�5HD 1LFROH�5LJGRQ -RUGDQ�6LFD

3RXOWU\�6KHHW�0HDW�3URFHVVLQJ�(TXLSPHQW /LQH�2SWLPL]DWLRQ�-�������SP�

6KHHW�PHDW�SURFHVVLQJ�LV�D�VSHFLILF�SRXOWU\�SURGXFW�DSSOLFDWLRQ��IRU�D�IUR]HQ��UHDG\-WR-HDW�SURGXFW��6KHHW�PHDW�SURFHVVLQJ�LQYROYHV�VHYHUDO�HTXLSPHQW�V\VWHPV�WKDW�UHVXOW�LQ�SURGXFW�\LHOG�ORVV�DW�HDFK�VWHS��DOORZLQJ�IRU�RSSRUWXQLWLHV�WKURXJKRXW�WKH�SURFHVV�WR�LQFUHDVH�WKH�RYHUDOO�SURGXFW�\LHOG��7KH�WHDP�GHVLJQHG�DQ�RSWLPDO�VKHHW�PHDW�SURFHVVLQJ�OLQH�XVLQJ�H[LVWLQJ�HTXLSPHQW�IURP�-%7�)RRG7HFK�WKDW�ZLOO�PD[LPL]H�WKH�WRWDO�\LHOG�RI�SRXOWU\�DQG�UHVXOW�LQ�HFRQRPLF�JDLQ�

6SRQVRU -%7�)RRG7HFK �XQGHU�1RQ-GLVFORVXUH�

Page 5: VWHPV (QJLQHHULQJ 6KRZFDVH

7HDP�3URMHFWV

)DFXOW\�$GYLVRU .LUN�'RODQ

)DFXOW\�$GYLVRU <DQ��6XVLH��/LX

)DFXOW\�$GYLVRU 6DQJK\XS�-HRQJ

7HDP�0HPEHUV��/�WR�5� %URFN�5RHORIV (ULF�/DXVFK 5\DQ�6FRWW 0HOLVVD�6FKQHLGHU

7HDP�0HPEHUV��/�WR�5� $QWKRQ\�7RPDVNL $OHNV�3RSRYLF 0RUJDQ�+DUULV (ULF�.OHLQ

0LON�3ODQW�'DWD�0DQDJHPHQW�,PSOHPHQWDWLRQ�-�������SP�

2YHQ�2SHUDWLRQ�$QDO\VLV�DQG�2SWLPL]DWLRQ�-�������SP�

7HDP�0LONLQ¶�,W�ZRUNHG�ZLWK�WKH�UHFHQWO\�DFTXLUHG�0HLMHU�3XUSOH�&RZ�SURGXFWLRQ�IDFLOLW\���7KH�IDFLOLW\��ORFDWHG�LQ�+ROODQG��0,��SURGXFHV�D�UDQJH�RI�PLON�SURGXFWV�IRU�DOO�0HLMHU�VWRUHV���7KH�IRFXV�RI�WKH�SURMHFW�LQFOXGHV�WKH�FRQYHUVLRQ�RI�DOO�GDWD�FROOHFWLRQ�SURFHVVHV�WR�GLJLWDO�UHFRUGLQJ�PHWKRGV�DV�ZHOO�DV�WKH�DQDO\VLV�RI�SURGXFWLRQ�DQG�TXDOLW\�GDWD�WR�LGHQWLI\�DUHDV�RI�RSSRUWXQLW\�DQG�LPSOHPHQW�TXDOLW\�PDQDJHPHQW�SUDFWLFHV�

6SRQVRU 0HLMHU �XQGHU�1RQ-GLVFORVXUH�

7HDP�³/¶2YHQ�,W´�ZRUNHG�ZLWK�%LPER�%DNHULHV��86$��ORFDWHG�LQ�%HDYHUWRQ��25�–�D�PDMRU�SURGXFHU�RI�SUHPLXP�EUHDGV��EXQV�DQG�VSHFLDOW\�UROOV�LQ�WKH�3DFLILF�1RUWKZHVW��)URP�0DUFK�WR�6HSWHPEHU��%LPER�%DNHULHV-%HDYHUWRQ�GRXEOHV�WKHLU�EXQ�SURGXFWLRQ�RXWSXW�WR�PDWFK�LQFUHDVHG�SURGXFW�GHPDQG��7KH�RYHQ�%LPER�%DNHULHV-%HDYHUWRQ�FXUUHQWO\�XVHV�WR�SURGXFH�WKHVH�EXQV�GRHV�QRW�GHOLYHU�RSWLPDO�EDNLQJ�SHUIRUPDQFH�GXH�WR�WKH�RYHQ�DJH��GHVLJQ��DQG�RXWGDWHG�VWDQGDUG�PDLQWHQDQFH�DQG�RSHUDWLQJ�SURFHGXUHV��7R�KHOS�%LPER�%DNHULHV-%HDYHUWRQ��WKH�WHDP�GHYHORSHG�D�VHW�RI�VWDQGDUG�SURFHGXUHV�IRU�ERWK�SUHYHQWDWLYH�DQG�FRUUHFWLYH�PDLQWHQDQFH�SUDFWLFHV��7KH�WHDP�DOVR�FUHDWHG�VLOLFRQH�EXQ�PRGHOV�WR�DFW�DV�PRFN�SURGXFW�ZKLOH�SURILOLQJ�WKH�RYHQ¶V�LQWHUQDO�WHPSHUDWXUH�HOLPLQDWLQJ�SURGXFW�ORVV�UHODWLQJ�WR�WKLV�SURFHGXUH�

6SRQVRU %LPER�%DNHULHV��86$ �XQGHU�1RQ-GLVFORVXUH�

Page 6: VWHPV (QJLQHHULQJ 6KRZFDVH

7HDP�3URMHFWV

2YHQ�2SWLPL]DWLRQ�-�������SP�

)DFXOW\�$GYLVRU &KULVWRSKHU�6DIIURQ

,Q�IDFLOLWLHV�WKDW�XWLOL]H�RYHQV��WKH�DELOLW\�WR�PDLQWDLQ�D�FRQVLVWHQW�SURGXFWLRQ�HQYLURQPHQW�LV�GLIILFXOW�GXH�WR�VHDVRQDO�DWPRVSKHULF�IOXFWXDWLRQV���2XU�WDVN�ZDV�WR�GHILQH�WKH�UHODWLRQVKLS�EHWZHHQ�HQYLURQPHQWDO�FRQGLWLRQV�DQG�ILQLVKHG�IRRG�TXDOLW\�EDVHG�RQ�GLUHFW�JDV-ILUHG��'*)��RYHQ�SURILOH�IOXFWXDWLRQV��DQG�WR�GHYHORS�D�FRQWURO�SODQ�IRU�DGMXVWLQJ�RYHQ�RSHUDWLRQ�EDVHG�RQ�DWPRVSKHUH�FKDQJHV�LQ�D�IDFLOLW\�

6SRQVRU .HOORJJ �XQGHU�1RQ-GLVFORVXUH�

)DFXOW\�$GYLVRU 6WHYH�6DIIHUPDQ��3(

7HDP�0HPEHUV��/�WR�5� (PLO\�%DQDFK $QQD�1HOVRQ -HVVLFD�&DUOHWRQ -RVKXD�6KDK

3KRVSKRUXV�5HPRYDO�IURP�:DVWHZDWHU�-�������SP�

6SRQVRU 0'27

0LFKLJDQ�'HSDUWPHQW�RI�7UDQVSRUWDWLRQ��0'27��H[SHFWV�WKH�0LFKLJDQ�'HSDUWPHQW�RI�(QYLURQPHQWDO�4XDOLW\��0'(4��WR�LPSOHPHQW�IXWXUH�VXUIDFH�ZDVWHZDWHU�GLVFKDUJH�OLPLWV�RQ�SKRVSKRUXV�DW�WKH�'HZLWW�5HVW�$UHD������7HDP�22�GHVLJQHG�DQG�RSWLPL]HG�WZR�V\VWHP�RSWLRQV�WR�UHGXFH�SKRVSKRUXV�WR�VDWLVI\�WKH�DQWLFLSDWHG�OLPLW��D�VXEVXUIDFH�PRXQG�DQG�WKH�HOHFWURFKHPLFDO�:DWHUORR�%LRILOWHU��7KH�VXEVXUIDFH�PRXQG�GHVLJQ�IRFXVHV�RQ�UHPRYLQJ�WKH�VXUIDFH�GLVFKDUJH�FRPSRQHQW��ZKLOH�WKH�HOHFWURFKHPLFDO�SUHFLSLWDWLRQ�FRDJXODWHV�SKRVSKRUXV�IRU�ODWHU�ILOWUDWLRQ��

7HDP�0HPEHUV��/�WR�5� 0RQLND�0LFKDOLN $QGUHZ�.RYDFK (GXDUGR�0D\D-/XHYDQR 0DWWKHZ�3D[KLD

Page 7: VWHPV (QJLQHHULQJ 6KRZFDVH

7HDP�3URMHFWV

)DFXOW\�$GYLVRU $OXHO�*R

)DFXOW\�$GYLVRU 7UXPDQ�6XUEURRN

7HDP�0HPEHUV��/�WR�5� 1LFKRODV�6HUYDGLR (PLO\�:LOOLV .DUD�'HDQ $OH[DQGUD�:KLWPDQ

0DQXIDFWXULQJ�3ODQW�(QHUJ\�$XGLW�DQG 2SWLPL]DWLRQ�-�������SP�

6SRQVRU 3HUULJR �XQGHU�1RQ-GLVFORVXUH�

3HUULJR�+ROODQG�ZDQWV�WR�FRQWULEXWH�WR�WKH�FRUSRUDWH�JRDO�RI�UHGXFLQJ�HQHUJ\�FRQVXPSWLRQ�E\�����E\�WKH�\HDU�������7KH�(QHUJ\�3KDUPHUV�SHUIRUPHG�DQ�HQHUJ\�DXGLW�WR�HYDOXDWH�WKH�IDFLOLW\¶V�HQHUJ\�SURILOH�DQG�UHFRPPHQGHG�HQHUJ\�FRQVHUYDWLRQ�PHDVXUHV�WKDW�ZLOO�RIIVHW�WKH�LPSDFW�RI�WKH�QHZ�DGGLWLRQ�RQ�RYHUDOO�HQHUJ\�FRQVXPSWLRQ�

)DFXOW\�$GYLVRU $MLW�6ULYDVWDYD��3(

7HDP�0HPEHUV��/�WR�5� :LOOLDP�9DQPDHOH &RXUWQH\�9DQGHUKRRI /LQGD�/D\ &DLWOLQ�.QHGJHQ $OH[�'DUURZ

*HUPLQDWLRQ�&KDPEHU�'HVLJQ�DQG�2SWLPL]DWLRQ�-�������SP�

6SRQVRU 068�6WXGHQW�2UJDQLF�)DUP

6WHP�0HHWV�67(0�GHVLJQHG�DQG�RSWLPL]HG�D�ORZ-WHFK��DXWRPDWHG�JHUPLQDWLRQ�FKDPEHU�WR�PLQLPL]H�ODERU�UHTXLUHPHQWV��$�JHUPLQDWLRQ�FKDPEHU�IDFLOLWDWHV�WKH�HIILFLHQW�JHUPLQDWLRQ�RI�VHHGOLQJV�IRU�WUDQVSODQW�SURGXFWLRQ��DOORZLQJ�VWDII�WR�KDYH�PRUH�XQLIRUP�DQG�FRQVLVWHQW�VHHGOLQJV�DYDLODEOH�IRU�SODQWLQJ�\HDU-URXQG�

Page 8: VWHPV (QJLQHHULQJ 6KRZFDVH

7HDP�3URMHFWV

)DFXOW\�$GYLVRU :HL�/LDR��3(

7HDP�0HPEHUV��/�WR�5� $OH[LV�.RQWRURXVLV ;LQ�7DQJ %ROXQ�/L (OL]DEHWK�$XVPXV

5HG�6ZDPS�&UD\ILVK�&RQWURO�LQ�0LFKLJDQ�-�������SP� 5HG�6ZDPS�&UD\ILVK��3URFDPEDUXV�FODUNLL��DUH�DQ�LQYDVLYH�VSHFLHV�LQ�0LFKLJDQ�DQG�WKH�0LFKLJDQ�'HSDUWPHQW�RI�1DWXUDO�5HVRXUFHV��0'15��KDV�IRXQG�LQYDVLYH�3��FODUNLL��LQ�SRQGV�DQG�ODNHV�RI�6RXWKHUQ��0LFKLJDQ��7KH�FUD\ILVK�DUH�D�FDXVH�RI�FRQFHUQ�IRU�WKH�HQYLURQPHQW�DQG�DUH�D�WKUHDW�WR�WKH�VXUURXQGLQJ�LQIUDVWUXFWXUH�GXH�WR�WKHLU�EXUURZLQJ�PHWKRGV��7KH�WHDP�ZDV�WDVNHG�WR�GHVLJQ�DQG�LPSOHPHQW�D�WHFKQLFDOO\�DQG�HFRQRPLFDOO\�IHDVLEOH�VROXWLRQ�WR�FRQWURO�WKH�LQYDVLYH�VSHFLHV��5HG�6ZDPS�&UD\ILVK��IURP�D�UHWHQWLRQ�SRQG�LQ�1RYL��0,��WR�SUHYHQW�IXUWKHU�HQYLURQPHQWDO�DQG�HFRQRPLF�GHJUDGDWLRQ��

6SRQVRU 0'15

Page 9: VWHPV (QJLQHHULQJ 6KRZFDVH

�����$OXPQL�$ZDUGV

%LRV\VWHPV�(QJLQHHULQJ �����2XWVWDQGLQJ�$OXPQL�$ZDUG

%LRV\VWHPV�(QJLQHHULQJ �����'LVWLQJXLVKHG�$OXPQL�$ZDUG

-DPHV��-LP��0DF/HOODQ

-DPHV��-LP��0DF/HOODQ�UHFHLYHG�KLV�%�6��LQ������DQG�KLV�0�6��LQ������LQ�%LRV\VWHPV�(QJLQHHULQJ��-LP�LV�6HQLRU�5HVHDUFK�(QJLQHHU��*OREDO�5��'�3URGXFW�'HYHORSPHQW��IRU�%HDP�6XQWRU\��+H�LV�D�VHQLRU�OHDGHU�UHVSRQVLEOH�IRU�ZKLVNH\�TXDOLW\�LQLWLDWLYHV��VSHFLILFDOO\�IRU�-LP�%HDP�%RXUERQ��DORQJ�ZLWK�KHOSLQJ�WR�GULYH�%HDP¶V�SRUWIROLR�JURZWK�VWUDWHJ\� 'XULQJ�PRVW�RI�KLV�WLPH�DW�068��-LP�ZRUNHG�YHU\�FORVHO\�ZLWK�'U��/LDR�DQG�KLV�UHVHDUFK�JURXS�LQYHVWLJDWLQJ�HQHUJ\�SURGXFWLRQ�IURP�WUDGLWLRQDO�DJULFXOWXUDO�ZDVWH�VWUHDPV�DQG�FUHDWLQJ�PRUH�YDOXH-DGGHG�E\SURGXFWV�IURP�DQDHURELF�GLJHVWLRQ�WHFKQRORJ\��8SRQ�JUDGXDWLRQ��KH�VWDUWHG�DV�D�UHVHDUFK�WHFKQLFLDQ�LQ�/RXLVYLOOH��.<��ZLWKLQ�WKH�5'�RUJDQL]DWLRQ�DW�%HDP�*OREDO��QRZ�%HDP�6XQWRU\��KHOSLQJ�WR�VXSSRUW�QHZ�DOFRKROLF�EHYHUDJH�LQQRYDWLRQV��-LP�ZDV�IRUWXQDWH�WR�PRYH�XS�ZLWKLQ�WKH�RUJDQL]DWLRQ�DV�D�UHVHDUFK�HQJLQHHU�WKDW�VXSSRUWHG�LPSOHPHQWDWLRQ�VWUDWHJLHV�RI�QHZ�SURGXFWV�LQWR�RXU�YDULRXV�IDFLOLWLHV�DFURVV�WKH�JOREH�ZLWK�VSHFLILF�WRXUV�WR�,QGLD�DQG�-DSDQ��+LV�FDUHHU�SDWK�WKHQ�WRRN�D�WXUQ�DV�D�UHVHDUFK�HQJLQHHU�DW�6&�-RKQVRQ�LQ�5DFLQH��:,��ZKHUH�KH�VXSSRUWHG�WKH�JURZWK�RI�QHZ�KRPH�FOHDQLQJ�SURGXFWV�DQG�ZDV�D�OHDG�LQ�QHZ�WHFKQRORJ\�HYDOXDWLRQ�WR�KHOS�VWUHDPOLQH�PDQXIDFWXULQJ�SURFHVVHV��+H�UHWXUQHG�WR�%HDP�6XQWRU\�DSSUR[LPDWHO\�D�\HDU�DJR� -LP�DQG�ZLIH�-XOLH��PDUULHG�LQ�D�VPDOO�0DLQH�ZHGGLQJ�LQ�������DUH�H[SHFWLQJ�WKHLU�ILUVW�GDXJKWHU�LQ�6HSWHPEHU���7KH\�KDYH�WZR�DPD]LQJ�UHWULHYHU�GRJV��3H\WRQ�DQG�+DUERU��DQG�QRZ�UHVLGH�LQ�WKHLU�QHZ�KRPH�MXVW�RXWVLGH�RI�/RXLVYLOOH��.<��7KH\�KRSH�WR�PDNH�LW�EDFN�WR�(DVW�/DQVLQJ�PRUH�RIWHQ�VR�WKHLU�GDXJKWHU�FDQ�VWDUW�WR�H[SHULHQFH�VXFK�DQ�DPD]LQJ�SODFH���*R�*UHHQ�

-DPHV��-LP��%RUVXP

-DPHV��-LP��%RUVXP�UHFHLYHG�KLV�%�6��LQ������DQG�KLV�0�6��LQ������LQ�)RRG�(QJLQHHULQJ�DQG�KLV�0%$�LQ�)LQDQFH�DQG�0DUNHWLQJ�IURP�8QLYHUVLW\�RI�&KLFDJR��-LP�LV�3DUWQHUVKLS�/HDGHU��*OREDO�6XSSO\�&KDLQ��6KDUHG�6HUYLFHV�IRU�:RUOG�9LVLRQ�,QWHUQDWLRQDO��-LP�LV�UHFRJQL]HG�IRU�ZRUOG-FODVV�RSHUDWLRQV�PDQDJHPHQW�H[SHUWLVH�LQ�IDVW-SDFHG�KXPDQ�FDSLWDO�LQWHQVLYH�SURIHVVLRQDO�VHUYLFHV�EXVLQHVVHV��DQG�DV�D�IRUHUXQQHU�LQ�WKH�HYROXWLRQ�RI�FRQWHPSRUDU\�VWUDWHJLF�VRXUFLQJ�DQG�JOREDO�VXSSO\�FKDLQ�PDQDJHPHQW�SUDFWLFHV���-LP�LV�KLJKO\�HIIHFWLYH�LQ�WHDP�EXLOGLQJ��SHRSOH�GHYHORSPHQW�DQG�PRWLYDWLRQ��FUHDWLQJ�HQDEOLQJ�HQYLURQPHQWV�ZKHUH�SHRSOH�DUH�LQQRYDWLYH��SHUIRUPDQFH-GULYHQ�DQG�H[FHO��

$W�068��-LP�JUDGXDWHG�LQ�WKH�ILUVW�)RRG�(QJLQHHULQJ�FRKRUW�DQG�FRQWLQXHG�ZLWK�'U��%DNNHU-$UNHPD�IRU�D�0DVWHU¶V�GHJUHH�ZKLOH�LQWHUQLQJ�ZLWK�.HOORJJ���8SRQ�JUDGXDWLRQ�LQ�������-LP�MRLQHG�&3&�,QWHUQDWLRQDO�DV�DQ�2SHUDWLRQV�0DQDJHU���6XSHULQWHQGHQW���3URFHVV�&RQWURO�(QJLQHHU��,Q�������KH�MRLQHG�5+0��3/&�WR�EHFRPH�9LFH�3UHVLGHQW��*HQHUDO�0DQDJHU���3ODQW�0DQDJHU�IRU�1HZ�7HFK�6QDFNV��0RVW�QRWDEOH�LQ�KLV�FDUHHU�KH�ZRUNHG�DV�D�0DQDJHPHQW�&RQVXOWDQW�IRU�DOPRVW����\HDUV�ZLWK�$�7��.HDUQH\�DV�0DQDJLQJ�'LUHFWRU�DQG�2SHUDWLRQV�3UDFWLFH�/HDGHU��IRFXVLQJ�RQ�&RQVXPHU�3URGXFWV��5HWDLO�DQG�0DQXIDFWXULQJ�FOLHQWV�����,Q�DGGLWLRQ�-LP�DOVR�VSHQW�WLPH�ZLWK�7KH�%RVWRQ�&RQVXOWLQJ�*URXS�DQG�.30*�DV�2SHUDWLRQV�6WUDWHJ\�3UDFWLFH�/HDGHU�� -LP�DQG�ZLIH�'HERUDK�OLYH�LQ�%XUU�5LGJH��,/��,Q�UHFHQW�\HDUV��WKH\�KDYH�EHHQ�YHU\�DFWLYH��LQYHVWRUV�DQG�RQ�%RDUG�FRXQVHO��ZLWK�WKH�*UHDW�$IULFDQ�)RRG�&RPSDQ\�ZKHUH�WKH\�H[SHFW�WR�VSHQG�D�ORW�RI�WKHLU�WLPH�JRLQJ�IRUZDUG���&RQJUDWXODWLRQV�-LP�IRU�PDNLQJ�%(�SURXG���*R�*UHHQ�

Page 10: VWHPV (QJLQHHULQJ 6KRZFDVH

.HYLQ�%OXH��&KDLU��LV�'LUHFWRU��0DQXIDFWXULQJ�(QJLQHHULQJ�ZLWK�0HLMHU���0HLMHU��LV�D�IDPLO\-RZQHG�FRPSDQ\�WKDW�EHJDQ�GXULQJ�WKH�*UHDW�'HSUHVVLRQ�ZKHQ�+HQGULN�0HLMHU��DQG�KLV���-\HDU-ROG�VRQ��)UHG��IXOILOOHG�D�QHHG�LQ�WKH�FRPPXQLW\��7RJHWKHU��WKH\�HYROYHG�WKH�VPDOO�JURFHU\�VWRUH�LQWR�D�RQH-VWRS�VKRSSLQJ�H[SHULHQFH�IRU�FXVWRPHUV��0HLMHU��HPSOR\V��������WHDP�PHPEHUV�LQ�VL[�VWDWHV�� �.HYLQ�KROGV�D�%�6��LQ�(QJLQHHULQJ��D�0�6�LQ�(QJLQHHULQJ�0DQDJHPHQW�DQG�LV�ZRUNLQJ�RQ�D�0�6F��LQ�%XVLQHVV��

&DVVDXQGUD�(GZDUGV LV�3URGXFWLRQ�0DQDJHU�IRU�%LPER�%DNHULHV���86$�LQ�%HDYHUWRQ��25� �3ULRU�WR�%LPER�%DNHULHV���VKH�ZDV�WKH�5HVHDUFK�DQG�'HYHORSPHQW�0DQDJHU�DW�&RQ$JUD�)RRGV�� �&DVVDXQGUD�KROGV�D�%�6��LQ�)RRG�(QJLQHHULQJ�DQG�D�0�6��LQ�0HFKDQLFDO�(QJLQHHULQJ��

$VKOH\�-XOLHQ��3(��LV�DQ�(QYLURQPHQWDO�(QJLQHHU �LQ�WKH�0LFKLJDQ�'HSDU WPHQW�RI�$JU LFXOWXUH�DQG�5XUDO�'HYHO-RSPHQW�(QYLURQPHQWDO�6WHZDUGVKLS�'LYLVLRQ��6KH�VXSSRUWV�WKH�0$($3�SURJUDP�ZLWK�GHWHUPLQLQJ�DSSURSULDWH�VROXWLRQV�IRU�HQJLQHHULQJ�FKDOOHQJHV�LQFOXGLQJ�ZDVWHZDWHU�PDQDJHPHQW��PDQXUH�DQG�IXHO�VWRUDJH��DQG�FKHPLFDO�VDIHW\��$VKOH\�KROGV�D�%�6��LQ�&LYLO�(QJLQHHULQJ�DQG�0�6��LQ�%LRV\VWHPV�(QJLQHHULQJ��

+ROO\�%RZHUV�LV ([HFXWLYH�'LUHFWRU�RI�*HRVSDWLDO�DQG�*DV�$VVHW�0DQDJHPHQW�DW�&RQVXPHUV�(QHUJ\� +ROO\�LV�UHVSRQVLEOH�IRU�WKH�HQJLQHHULQJ��V\VWHP�LPSURYHPHQWV��HQKDQFHPHQWV��DQG�LQWHJULW\�IRU�RYHU��������PLOHV�RI�GLVWULEXWLRQ�OLQHV�DQG�������PLOHV�RI�WUDQVPLVVLRQ�SLSHOLQHV�WKDW�VHUYH�����PLOOLRQ�FXVWRPHUV�LQ�0LFKLJDQ��+ROO\ KROGV�D�%�6��LQ�%LRV\VWHPV (QJLQHHULQJ�DQG�D�0%$�LQ�%XVLQHVV�$GPLQLVWUDWLRQ��

0DWWKHZ�%XUWW�LV $VVLVWDQW�'LUHFWRU�&OLQLFDO�4XDOLW\�$VVXUDQFH�ZLWK�$EE9LH��� $EE9LHV �������HPSOR\HHV�DUH�VFLHQWLVWV��UHVHDUFKHUV��FRPPXQLFDWRUV��PDQXIDFWXULQJ�VSHFLDOLVWV�DQG�UHJXODWRU\�H[SHUWV�ORFDWHG�DURXQG�WKH�JOREH��0DWW�KROGV�D�%�6��LQ�%LRV\VWHPV�(QJLQHHULQJ�DQG�D�0%$��

*HQH�)RUG�LV�9LFH�3UHVLGHQW�5'��+HDG�RI�37&�)UHPRQW��DW�1HVWOp�1XWU LWLRQ��LQ�)UHPRQW��0LFKLJDQ��+H�KDV�PRUH�WKDQ����\HDUV�RI�H[SHULHQFH�LQ�GRPHVWLF�DQG�LQWHUQDWLRQDO�SURGXFW�GHYHORSPHQW��PDQXIDFWXULQJ��ORJLVWLFV��DQG�VDOHV�ZLWKLQ�WKH�FRQVXPHU�IRRG�LQGXVWU\��*HQH�KROGV�%�6��DQG�0�6��GHJUHHV�LQ�$JULFXOWXUDO�(QJLQHHULQJ�DQG�DQ�([HFXWLYH�0�6��GHJUHH��

0LFKHOOH�&URRN��3(��LV�6HQLRU�3URMHFW�(QJLQHHU�IRU�WKH�0LFKLJDQ�'HSDUWPHQW�RI�1DWXUDO�5HVRXUFHV��6KH�SURYLGHV�HQJLQHHULQJ�SURMHFW�PDQDJHPHQW�DQG�RYHUVLJKW�IRU�'15�SURMHFWV��0LFKHOOH�KROGV�D�%�6��LQ�(QYLURQPHQWDO�(QJLQHHULQJ��

6KHOOH\�&UDZIRUG�LV�*URXS�(QJLQHHU LQJ�0DQDJHU �IRU �*OREDO�3U LQJOHV��DQG�3RS-WDUWV��DW�.HOORJJ��&RPSDQ\��WKH�ZRUOG¶V�OHDGLQJ�SURGXFHU�RI�FHUHDO�DQG�D�OHDGLQJ�SURGXFHU�RI�FRQYHQLHQFH�IRRGV� �6KHOO\ KROGV�D�%�6��LQ�%LRV\VWHPV (QJLQHHULQJ�DQG�D�0%$�LQ�0DUNHWLQJ��

-HUHP\�+RHK��3(��LV�(QYLURQPHQWDO�+HDOWK�3URJUDPV�8QLW�6XSHUYLVRU�LQ�WKH�'HSDUWPHQW�RI�(QYLURQPHQWDO�4XDOLW\��'(4��'ULQNLQJ�:DWHU�DQG�0XQLFLSDO�$VVLVWDQFH�'LYLVLRQ� �+H�KDV�D�EURDG�UDQJH�RI�HGXFDWLRQ�DQG�H[SHULHQFH�DFURVV�'(4�SURJUDPV� �-HUHP\�KROGV�D�%�6��LQ�&KHPLFDO�(QJLQHHULQJ��

/LVD�%XFKKRO]�LV�*OREDO�/HDGHU �RI�$QDO\WLFDO�5HJXODWRU\�6FLHQFHV�ZLWK�'RZ�$JUR6FLHQFHV�� �'RZ�$JUR6FLHQFHV��//&��EDVHG�LQ�,QGLDQDSROLV��,QGLDQD��86$��LV�D�JOREDO�OHDGHU�LQ�SURYLGLQJ�SHVW�PDQDJHPHQW�DQG�ELRWHFKQRORJ\�SURGXFWV�WKDW�LPSURYH�WKH�TXDOLW\�DQG�TXDQWLW\�RI�WKH�HDUWKV�IRRG�VXSSO\�DQG�FRQWULEXWH�WR�WKH�KHDOWK�DQG�TXDOLW\�RI�OLIH�RI�WKH�ZRUOGV�JURZLQJ�SRSXODWLRQ��/LVD�KROGV�D�%�6 LQ�%LRORJLFDO�6FLHQFHV��

,QGXVWU\�$GYLVRU\�%RDUG�����-����

$QGUHZ�.QRZOHV��3DVW�&KDLU��LV�6WHLQ��)UHH]HU �$SSOLFDWLRQV�6DOHV�6XSSRU W�0DQDJHU �DW�-%7�)RRG7HFK���D�OHDGLQJ�VXSSOLHU�RI�LQWHJUDWHG�IRRG�SURFHVVLQJ�VROXWLRQV��$QGUHZ�KROGV�D�%�6��LQ�%LRV\VWHPV�(QJLQHHULQJ�DQG�D�0�6� LQ�$SSOLHG�6WDWLVWLFV��

(ULF�,YHUVHQ��3(��LV�6HQLRU�3URMHFW�0DQDJHU�ZLWK /6*�(QJLQHHUV�DQG�6XUYH\RUV�LQ�/DQVLQJ��0,�� (ULF LV�ZHOO�YHUVHG�LQ�ORFDO�DQG�VWDWH�UHJXODWRU\�DJHQF\�SURFHGXUHV�UHJDUGLQJ�VLWH�SODQQLQJ��SHUPLWWLQJ��65)�SXEOLF�ILQDQFLQJ��IORRGSODLQ�DQG�ZHWODQG�SHUPLWV��VWRUP�ZDWHU�PDQDJHPHQW�DQG�WUHDWPHQW��JURXQG�DQG�VXUIDFH�ZDWHU�GLVFKDUJH�SHUPLWV��VDQLWDU\�VHZHUV��ZDWHU��RQVLWH�ZDVWHZDWHU��GUDLQILHOGV���ZDVWHZDWHU�ODJRRQV�DQG�ZHOO�V\VWHPV��HWF��LQFOXGLQJ�WKH�VWDQGDUGV�DQG�UHTXLUHPHQWV�RI�0'27��0'(4��0'70%��DQG�0'/$5$��(ULF�KROGV�D�%�6��LQ�&LYLO�(QJLQHHULQJ��

Page 11: VWHPV (QJLQHHULQJ 6KRZFDVH

,QGXVWU\�$GYLVRU\�%RDUG�����-����

(ULF�9DQ�0LGGHQGRUS�LV�D�%LRPHGLFDO�(QJLQHHU�DW�6SHFWUXP�+HDOWK�,QQRYDWLRQV�ZKHUH�KH�OHDGV�WKH�GHVLJQ�DQG�GHYHORSPHQW�RI�)'$�&ODVV�,�DQG�,,�PHGLFDO�GHYLFHV��(ULF�ZRUNV�ZLWK�WKH���������SK\VLFLDQV�DQG�VWDII�PHPEHUV�DFURVV�WKH�6SHFWUXP�+HDOWK�V\VWHP�WR�GULYH�GHYHORSPHQW�RI�KHDOWKFDUH�SURGXFWV�DQG�WHFKQRORJLHV�� (ULF KROGV�D� %�6��3URGXFW�'HVLJQ�DQG�0DQXIDFWXULQJ�(QJLQHHULQJ� DQG�D�0�6��LQ�0HFKDQLFDO (QJLQHHULQJ��

&KDG�9RONPDQQ�LV�6LWH�/HDGHU �DQG�0DQDJHU �–�&KHPLVWU\�2SHUDWLRQV�IRU�&RYDQFH��)RRG�6ROXWLRQV�LQ�%DWWOH�&UHHN��0,� �&KDG�PDQDJHV�WKH�FKHPLVWU\�RSHUDWLRQV�DQG�LV�UHVSRQVLEOH�IRU�D��������IW��ODERUDWRU\�WKDW�FRQGXFWV�QXWULWLRQDO�FKHPLVWU\�WHVWLQJ�IRU�IRRG�DQG�VXSSOHPHQW�FOLHQWV� &KDG�KROGV�D� %�$��LQ�%LRORJ\��

.LUN�:DOWHU�LV�6HQLRU �2SHUDWLRQV�'LUHFWRU �DW�3HU U LJR��&RPSDQ\�3/&��D�OHDGLQJ�JOREDO�KHDOWKFDUH�VXSSOLHU �WKDW�GHYHORSV��PDQXIDFWXUHV�DQG�GLVWULEXWHV�RYHU-WKH-FRXQWHU��27&��DQG�SUHVFULSWLRQ��5[��SKDUPDFHXWLFDOV��QXWULWLRQDO�SURGXFWV��DQG�DFWLYH�SKDUPDFHXWLFDO�LQJUHGLHQWV��$3,���.LUN�KROGV�D�%�6��GHJUHH�LQ�0DQXIDFWXULQJ�$GPLQLVWUDWLRQ�DQG�D�0�6��LQ�%XVLQHVV�$GPLQLVWUDWLRQ��

5LFKDUG��5LFN��:RRGIRUG��3(��LV�6WDWH�&RQVHUYDWLRQ�(QJLQHHU �IRU �86'$-1DWXUDO�5HVRXUFHV &RQVHUYDWLRQ�6HUYLFH��+H�SURYLGHV�WHFKQLFDO�DVVLVWDQFH�LQ�WKH�ILHOG�RI�VRLO�DQG�ZDWHU�FRQVHUYDWLRQ��LPSOHPHQWV�15&6¶�HQJLQHHULQJ�SROLF\�DQG�SURFHGXUHV�IRU�HVWDEOLVKLQJ�WHFKQLFDO�HQJLQHHULQJ�VWDQGDUGV�WKURXJKRXW�0LFKLJDQ��5LFN�KROGV�%�6��DQG�0�6��GHJUHHV�LQ�&LYLO�(QJLQHHULQJ��

5RE�<RGHU��&)36���&KDLU-(OHFW� LV�6RXWKHDVW�5HJLRQ�)OXLG�3RZHU�6SHFLDOLVW�IRU�%',���,QF��D�ODUJH�LQGXVWULDO�'LVWULEXWLRQ�&RPSDQ\�EDVHG�LQ�&OHYHODQG��2+��5RE�SURYLGHV�)OXLG�3RZHU�WHFKQLFDO�VROXWLRQV�WR�%',��FXVWRPHUV��DQG�)OXLG�3RZHU�SURGXFW�VDOHV�VXSSRUW�WR�DOO�ORFDO�EUDQFK�VDOHV�SHUVRQQHO�LQ�WKH�VRXWKHDVW�UHJLRQ�RI�WKH�8�6��5RE�KROGV�D�%�6��GHJUHH�LQ�$JULFXOWXUDO�(QJLQHHULQJ�7HFKQRORJ\��

([-RIILFLR

+DQQDK�%URGKHDG��8QGHUJUDGXDWH�$GYLVRU ��%LRV\VWHPV��$JULFXOWXUDO�(QJLQHHULQJ�

'DUUHOO�:��'RQDKXH��3(��3URIHVVRU �DQG�&KDLU ��%LRV\VWHPV��$JULFXOWXUDO�(QJLQHHULQJ�

*LQD�0DVHOO�+D\OHWW��*UDGXDWH�6WXGHQW�5HSUHVHQWDWLYH� 5RQ�+HQGULFN��'HDQ��&ROOHJH�RI�$JU LFXOWXUH�DQG�1DWXUDO�5HVRXUFHV�

/HR�.HPSHO��'HDQ��&ROOHJH�RI�(QJLQHHU LQJ� 0RQLND�0LFKDOLN��8QGHUJUDGXDWH�6WXGHQW�5HSUHVHQWDWLYH�

/XNH�5HHVH��,QGXVWU\�/LDLVRQ��%LRV\VWHPV��$JULFXOWXUDO�(QJLQHHULQJ�

/DUU\�:DONHU��&$15�$OXPQL�$VVRFLDWLRQ� 9DFDQW��$6$%(�6HFWLRQ�5HSUHVHQWDWLYH

,QGXVWU\�(YDOXDWRUV

'\ODQ�&RPHU��-%7�)RRG7HFK 'DYH�&RWWRQ��0'(4 /DXUD�'RXG͕�0'$5' 'HQDH�)ULHGKHLP��068�6WXGHQW�2UJDQLF�)DUP (ULF�*RUGRQ��&RYDQFH�/DERUDWRU LHV��,QF� $GULDQ�+DUUHOO��.HOORJJ -RKQ�+HLVHU��3HU U LJR 6HWK�+HUEVW��0'15 /RXLV�1HOVRQ��.HOORJJ %ULDQ�5RWK��068�'HSW��RI�)LVKHU LHV�DQG�:LOGOLIH %ULWWDQ\�7RPOLQ��.HOORJJ 6WHYH�8UGD��0'27 -LP�9LQRVNL��0HLMHU

-HIIUH\�0DWKHZV��3K'��LV�WKH�5�'�'LUHFWRU IRU�3HSVL&R��%HYHUDJHV� �3HSVL��%HYHUDJHV�&RPSDQ\��3%&��KDQGOHV�DSSUR[LPDWHO\����SHUFHQW�RI�3HSVL&R¶V�1RUWK�$PHULFD�EHYHUDJH�YROXPH��,WV�GLYHUVH�SRUWIROLR�LQFOXGHV�VRPH�RI�WKH�ZRUOG¶V�PRVW�ZLGHO\�UHFRJQL]HG�EHYHUDJH�EUDQGV��LQFOXGLQJ�3HSVL���0RXQWDLQ�'HZ���6LHUUD�0LVW���$TXDILQD���*DWRUDGH���6R%H���/LSWRQ���DQG�$PS�(QHUJ\���-HIIUH\�KROGV�%�6F���0�6F��DQG�3K�'��GHJUHHV�LQ�&KHPLFDO�(QJLQHHULQJ�3DSHU�6FLHQFH�DQG�(QJLQHHULQJ��

0LWFK�0LOOHU LV�WKH�6HQLRU�3URFHVVLQJ�6\VWHP�(QJLQHHU�IRU�WKH�*HQHUDO�0LOOV-<RSODLW��3ODQW��5HHG�&LW\��0LFKLJDQ��*HQHUDO�0LOOV�LV�DPRQJ�WKH�ZRUOG¶V�ODUJHVW�IRRG�FRPSDQLHV�ZLWK�8�6��VKRSSHUV�RQ�DYHUDJH�SODFLQJ�DW�OHDVW�RQH�*HQHUDO�0LOOV��SURGXFW�LQWR�WKHLU�VKRSSLQJ�FDUW�HDFK�WLPH�WKH\�YLVLW�WKH�JURFHU\�VWRUH� �0LWFK�KROGV�%�6��DQG�0�6��GHJUHHV�LQ�$JULFXOWXUDO��%LRV\VWHPV�(QJLQHHULQJ��

.HYLQ�.RZDON��3(���0,�DQG�:,���LV�D�3URMHFW�0DQDJHU �DQG�6HQLRU �(QJLQHHU �IRU �:DWHU �DQG�1DWXUDO�5HVRXUFHV�DQG�6LWH�&KDUDFWHUL]DWLRQ�DQG�5HPHGLDWLRQ�'LYLVLRQV�IRU�($�(QJLQHHULQJ��6FLHQFH�DQG�7HFKQRORJ\��,QF���3/&� �.HYLQ KROGV�%�6��DQG�0�6��GHJUHHV�LQ�%LRV\VWHPV (QJLQHHULQJ��

Page 12: VWHPV (QJLQHHULQJ 6KRZFDVH

6FKRODUVKLS�'HVFULSWLRQV

8QGHUJUDGXDWH�6FKRODUVKLSV

)��:��%DNNHU-$UNHPD�(QGRZHG� )�:��%DNNHU-$UNHPD�ZDV�D�SURIHVVRU�RI�$JULFXOWXUDO�(QJLQHHULQJ�DW�068�IRU�RYHU����\HDUV��+LV�VFKRODUVKLS�UHFRJQL]HV�VWXGHQWV�WKDW�FRQWULEXWH�WR�WKH�FXOWXUDO�DQG�LQWHOOHFWXDO�GLYHUVLW\�RI�%LRV\VWHPV�(QJLQHHULQJ�WKURXJK�WKHLU�OHDGHUVKLS�H[SHULHQFHV��

'H%RHU�)DPLO\� 7KH�'H%RHU�)DPLO\�VFKRODUVKLS�LV�DZDUGHG�WR�VWXGHQWV�WKDW�H[FHO�DFDGHPLFDOO\�ZKLOH�GHPRQVWUDWLQJ�D�SDVVLRQ�IRU�%LRV\VWHPV�(QJLQHHULQJ��

$�:��)DUUDOO� 7KH�)DUUDOO�6FKRODUVKLS��QDPHG�LQ�KRQRU�RI�$�:��³'RF´�)DUUDOO��LV�WKH�PRVW�SUHVWLJLRXV�XQGHUJUDGXDWH�VFKRODUVKLS�DZDUGHG�E\�WKH�GHSDUWPHQW��'U��)DUUDOO�FKDLUHG�WKH�GHSDUWPHQW�GXULQJ�LWV�SLYRWDO�\HDUV�IURP������-������ZKLFK�LQFOXGHG�HVWDEOLVKPHQW�RI�WKH�ILUVW�$JULFXOWXUDO�(QJLQHHULQJ�3K�'��SURJUDP�LQ�WKH�QDWLRQ��)DUUDOO�6FKRODUV�KDYH�H[FHOOHG�ERWK�DFDGHPLFDOO\�DQG�SURIHVVLRQDOO\��GHPRQVWUDWLQJ�OHDGHUVKLS�ZLWKLQ�%LRV\VWHPV�(QJLQHHULQJ��

&ODUHQFH�DQG�7KHOPD�+DQVHQ� 7KH�&ODUHQFH�DQG�7KHOPD�+DQVHQ�VFKRODUVKLS�LV�DZDUGHG�WR�0LFKLJDQ�QDWLYHV�DQG�8�6��VWXGHQWV�ZKR�KDYH�GHPRQVWUDWHG�DFDGHPLF�DFKLHYHPHQW��OHDGHUVKLS��DQG�H[SHULHQFH�ZRUNLQJ�LQ�DJULFXOWXUH��

*HRUJH�(��DQG�%HWW\�/��0HUYD�(QGRZHG� 'U��*HRUJH�0HUYD�ZDV�D�IDFXOW\�PHPEHU�LQ�WKH�GHSDUWPHQW�IRU����\HDUV��7KLV�HQGRZPHQW��QDPHG�LQ�KLV�DQG�KLV�ZLIH¶V�KRQRU��UHFRJQL]HV�XSSHUFODVVPDQ�ZKR�KDYH�GHPRQVWUDWHG�OHDGHUVKLS�DQG�DFDGHPLF�VXFFHVV��

-RKQ�DQG�-XOLDQQD�0HUYD�(QGRZHG� 'U��*HRUJH�0HUYD¶V�IDWKHU��-RKQ��ZDV�DQ�LPPLJUDQW�IURP�6ORYDNLD��ZKR��GHVSLWH�RI�UHFHLYLQJ�QR�IRUPDO�VFKRROLQJ�DQG�ZRUNLQJ�IXOO�WLPH�LQ�RUH�PLQHV��ZDV�DEOH�WR�WHDFK�KLPVHOI�WKUHH�ODQJXDJHV��,Q�WKLV�VSLULW�WKH�-RKQ�DQG�-XOLDQQD�0HUYD�6FKRODUVKLS�LV�DZDUGHG�WR�DQ�XQGHUJUDGXDWH�VWXGHQW�ZKR�KDV�EDODQFHG�OHDGHUVKLS�DQG�DFDGHPLF�VXFFHVV�ZKLOH�DOVR�ZRUNLQJ�WR�FRYHU�WKHLU�HGXFDWLRQDO�H[SHQVHV�

+RZDUG�)��DQG�(VWKHU�/��0F&ROO\� 7KH�+RZDUG�)��DQG�(VWKHU�/��0F&ROO\�6FKRODUVKLS�KRQRUV�'U��+RZDUG�0F&ROO\�ZKR�VHUYHG�RQ�WKH�IDFXOW\�RI�WKH�'HSDUWPHQW�RI�$JULFXOWXUDO�(QJLQHHULQJ�IRU�PRUH�WKDQ����\HDUV�DQG�KLV�ZLIH��(VWKHU��7KH�VFKRODUVKLS�LV�DZDUGHG�WR�VWXGHQWV�ZKR�KDYH�GHPRQVWUDWHG�DFDGHPLF�DFKLHYHPHQW��OHDGHUVKLS��DQG�VHUYLFH�WR�WKH�SURIHVVLRQ��

0LFKLJDQ�$6$%(�6HFWLRQ�6FKRODUVKLS 2QH�DZDUG�IRU�D�IUHVKPDQ�DQG�RQH�IRU�D�VRSKRPRUH�VWXGHQW�UHJLVWHUHG�DV�DQ�$JULFXOWXUDO�(QJLQHHULQJ�RU�%LRORJLFDO�6\VWHPV�(QJLQHHULQJ�VWXGHQW�DW�D�8QLYHUVLW\�RU�&ROOHJH� �7KH�VWXGHQW�PXVW�EH�D�UHJLVWHUHG�DV�D�3UH-3URIHVVLRQDO�PHPEHU�RI�WKH�$PHULFDQ�6RFLHW\�RI�$JULFXOWXUDO�DQG�%LRORJLFDO�(QJLQHHUV��$6$%(�

Page 13: VWHPV (QJLQHHULQJ 6KRZFDVH

)UHVKPDQ�6FKRODUVKLSV

5REHUW�-��*XVWDIVRQ� 7KH�*XVWDIVRQ�VFKRODUVKLS�LV�DZDUGHG�WR�VWXGHQWV�ZLWK�D�KLJK�DFDGHPLF�DELOLW\�DQG�RU�ILQDQFLDO�QHHG�ZLWK�D�ILUVW�SUHIHUHQFH�IRU�LQFRPLQJ�IUHVKPDQ�VWXGHQWV��

$OIUHG��0DU\�0XUUD\� 7KH�0XUUD\�VFKRODUVKLS�LV�DZDUGHG�WR�VWXGHQWV�ZLWK�D�KLJK�DFDGHPLF�DELOLW\�DQG�RU�ILQDQFLDO�QHHG�ZLWK�D�ILUVW�SUHIHUHQFH�IRU�LQFRPLQJ�IUHVKPDQ�VWXGHQWV��

*UDGXDWH�6FKRODUVKLSV

2XWVWDQGLQJ�%(�5HVHDUFK�)HOORZVKLS��)LWFK�+��%HDFK�$ZDUG� 3UHVHQWHG�WR�RQH�RI�WKH�WRS�3K'�VWXGHQWV�LQ�WKH�%(�JUDGXDWH�SURJUDP�ZKR�KDV�H[FHOOHG�LQ�UHVHDUFK�SURGXFWLYLW\�DQG�ZKR¶V�ZRUN�VXJJHVWV�D�KLJK-OHYHO�RI�GLUHFW�LPSDFW�RQ�VRFLHW\��$ZDUGHH�SUHVHQWV�DW�WKH�FROOHJH�OHYHO�DJDLQVW�VLPLODU�QRPLQHHV�LQ�RWKHU�&ROOHJH�RI�(QJLQHHULQJ�GLVFLSOLQHV��)XQGLQJ�LV�EDVHG�RQ�SODFHPHQW�LQ�WKH�FRPSHWLWLRQ�DW�WKH�FROOHJH�OHYHO�DQG�LV�IXQGHG�E\�WKH�&ROOHJH�RI�(QJLQHHULQJ�DQG�WKH�%$(�(QGRZPHQW�IRU�*UDGXDWH�6WXGLHV��

0RVW�2XWVWDQGLQJ�%(�*UDGXDWH�6WXGHQW�)HOORZVKLS� 3UHVHQWHG�WR�WRS�VWXGHQWV�LQ�WKH�%LRV\VWHPV�(QJLQHHULQJ��%(��JUDGXDWH�SURJUDP�WR�UHFRJQL]H�WKHLU�EUHDGWK�RI�H[FHOOHQFH�DQG�GLUHFW�DQG�LQGLUHFW�FRQWULEXWLRQV�WR�WKH�%LRV\VWHPV�DQG�$J��(QJLQHHULQJ��%$(��'HSDUWPHQW�WKURXJK�SURIHVVLRQDO�SURGXFWLYLW\��VHUYLFH�WR�WKH�GHSDUWPHQW�DQG�XQLYHUVLW\��DQG�FRQWULEXWLRQV�WR�WKH�H[WHQGHG�FRPPXQLW\��)XQGHG�E\�WKH�%$(�(QGRZPHQW�IRU�*UDGXDWH�6WXGLHV�HVWDEOLVKHG�DQG�IXQGHG�E\�SDVW�DQG�FXUUHQW�%$(�IDFXOW\�DQG�RWKHU�GRQRUV�ZLVKLQJ�WR�VXSSRUW�JUDGXDWH�HGXFDWLRQ��

*DOHQ��$QQ�%URZQ� 7R�VXSSRUW�JUDGXDWH�VWXGHQWV�ZRUNLQJ�LQ�WKH�GRPDLQ�RI�HQJLQHHULQJ�UHODWHG�RU�DSSOLHG�WR�WKH�IUXLW�DQG�RU�YHJHWDEOH�LQGXVWULHV��D�ILHOG�WR�ZKLFK�'U��*DOHQ�%URZQ�GHGLFDWHG�KLV�FDUHHU�WR�SURYLGH�PDQ\�LPSURYHPHQWV�DQG�DGYDQFHPHQWV��)XQGHG�E\�WKH�IDPLO\�RI�*DOHQ�DQG�$QQ�%URZQ�DQG�RWKHUV�ZKR�UHVSHFWHG�DQG�RU�ZRUNHG�ZLWK�*DOHQ��

0HUOH��&DWKHULQH�(VPD\� 7R�VXSSRUW�LQWHUQDWLRQDO�JUDGXDWH�VWXGHQWV�ZLWK�D�FOHDU�SDVVLRQ�DQG�SODQ�WR�UHWXUQ�WR�WKHLU�KRPH�FRXQWU\�WR�LPSOHPHQW�WKHLU�NQRZOHGJH�JDLQHG�WKURXJK�WKHLU�068�%$(�GHJUHH��)XQGHG�E\�WKH�IDPLO\�RI�0HUOH�DQG�&DWKHULQH�(VPD\�DQG�RWKHUV�ZKR�KDYH�WKH�SDVVLRQ��DV�GLG�0HUOH��WR�PDNH�D�GLIIHUHQFH�DURXQG�WKH�JOREH��

6FKRODUVKLS�'HVFULSWLRQV

Page 14: VWHPV (QJLQHHULQJ 6KRZFDVH

����-�����6FKRODUVKLS�5HFLSLHQWV

8QGHUJUDGXDWH�$ZDUGV� *UDGXDWH�$ZDUGV�

)�:��%DNNHU-$UNHPD�(QGRZHG�6FKRODUVKLS� (PPD�'HVWHU .LHURQ�0ROOHU 1DPD�1DVHHP $QQD�5DVFKNH

'H%RHU�)DPLO\�6FKRODUVKLS�)HOORZVKLS�)XQG�

1DWDOLH�&RDVWHU� /LQGVH\�'H)UDLQ -DFRE�'XFNZRUWK� &DUO\�*RPH] /LQQHD�5LGGHOO� .DWHO\Q�6NRUQLD $U\Q�7KRPDV

$�:��)DUUDOO�6FKRODUVKLS�

-HVVLFD�+DXGD

&ODUHQFH��7KHOPD�+DQVHQ�6FKRODUVKLS� 7\OHU�9DQ%XUHQ

&KULVWRSKHU�:HQWZRUWK $OLFLD�=LHJOHU

+RZDUG��(VWKHU�0F&ROO\�6FKRODUVKLS�

'RXJODV�&OHPHQWV 5DFKHOOH�&URZ 0LULDP�.DEXUX

*HRUJH�(��DQG�%HWW\�/��0HUYD�

(QGRZHG�6FKRODUVKLS� /HDK�$OOHQ

-RKQ��-XOLDQQD�0HUYD�8QGHUJUDGXDWH�

([FHOOHQFH�)XQG� .LUDQ�/DQWULS

0LFKLJDQ�$6$%(�6HFWLRQ�6FKRODUVKLS 5DFKHOOH�&URZ

%LRV\VWHPV�(QJLQHHULQJ�DQG�&ROOHJH�RI�(QJLQHHULQJ�2XWVWDQGLQJ�

*UDGXDWH�6WXGHQW�)HOORZVKLS� <X]KHQ�/X

2XWVWDQGLQJ�%(�5HVHDUFK�)HOORZVKLS��

)LWFK�+��%HDFK�$ZDUG� 0DWWKHZ�+HUPDQ

*DOHQ��$QQ�%URZQ�6FKRODUVKLS�

<X]KHQ�/X .DLWO\Q�&DVXOOL

0HUOH��&DWKHULQH�(VPD\�6FKRODUVKLS�

$OH[DQGUH�&KDEUHOLH .KDQJ�+X\QK

-XDQ�3DEOR�5RMDV-6RVVD -XDQ�6HEDVWLDQ�+HUQDQGH]�6XDUH]

9LQQL�7KHNNXGDQ

����-�����)UHVKPDQ�$ZDUGV $OIUHG�DQG�0DU\�0XUUD\�6FKRODUVKLS�

(PLO\�'HWWORII 5DFKHO�6KDSLQ 0DWWKHZ�6PLWK

&KULVWRSKHU�:HQWZRUWK

5REHUW�-��*XVWDIVRQ�6FKRODUVKLS� (PPD�'HVWHU -DFN�6DOHUQR

Page 15: VWHPV (QJLQHHULQJ 6KRZFDVH

6KRZFDVH�6SRQVRU

7KDQN�\RX�WR�-RKQ�%HDQ�7HFKQRORJLHV��-%7��&RUSRUDWLRQ��D�OHDGLQJ�VXSSOLHU�RI�LQWHJUDWHG�IRRG�SURFHVVLQJ�VROXWLRQV��IRU�VXSSRUW�RI�D���������6HQLRU�'HVLJQ�SURMHFW�DQG�WKH�%(�6KRZFDVH��)URP�VLQJOH�PDFKLQHV�WR�FRPSOHWH�SURFHVVLQJ�OLQHV��WKH�-%7�)RRG7HFK�GLYLVLRQ�HQKDQFHV�YDOXH�DQG�FDSWXUHV�TXDOLW\��QXWULWLRQ�DQG�WDVWH�LQ�IRRG�SURGXFWV�� 7KH�-%7�)RRG7HFK�RIIHULQJ�LQFOXGHV��

· )UHH]HU�VROXWLRQV�IRU�WKH�IUHH]LQJ�DQG�FKLOOLQJ�RI�PHDW��VHDIRRG��SRXOWU\��UHDG\-WR-HDW�PHDOV��IUXLW��YHJHWDEOH�DQG�EDNHU\�SURGXFWV�

· 3URWHLQ-SURFHVVLQJ�VROXWLRQV�WKDW�SRUWLRQ��FRDW�DQG�FRRN�SRXOWU\��PHDW��VHDIRRG��YHJHWDEOH�DQG�EDNHU\�SURGXFWV�

· 6KHOI-VWDEOH�VWHULOL]DWLRQ�VROXWLRQV�IRU�IUXLWV��YHJHWDEOHV��VRXSV��VDXFHV��GDLU\�DQG�SHW�IRRG�SURGXFWV��DV�ZHOO�DV�UHDG\-WR-HDW�PHDOV�LQ�D�ZLGH�YDULHW\�RI�PRGHUQ�SDFNDJHV�

· )UXLW�DQG�MXLFH�SURFHVVLQJ�VROXWLRQV�WKDW�H[WUDFW��FRQFHQWUDWH�DQG�DVHSWLFDOO\�SURFHVV�FLWUXV��WRPDWR�DQG�RWKHU�IUXLWV�

)RU�PRUH�LQIRUPDWLRQ��YLVLW�WKH�-%7�)RRG7HFK�ZHEVLWH�DW��KWWS���ZZZ�MEWIRRGWHFK�FRP��

%LRV\VWHPV��$JULFXOWXUDO�(QJLQHHULQJ� ����6��6KDZ�/DQH��5RRP�����

(DVW�/DQVLQJ��0,������� ���-���-�����

ZZZ�HJU�PVX�HGX�EDH�

&ROOHJH�RI�$JULFXOWXUH�DQG�1DWXUDO�5HVRXUFHV� ZZZ�FDQU�PVX�HGX�

&ROOHJH�RI�(QJLQHHULQJ�

ZZZ�HJU�PVX�HGX

068�LV�DQ�DIILUPDWLYH-DFWLRQ��HTXDO-RSSRUWXQLW\�HPSOR\HU�

Page 16: VWHPV (QJLQHHULQJ 6KRZFDVH

'LQQHU�3URJUDP

:HOFRPH� 0U��-RQDWKDQ�$OWKRXVH�

'LQQHU �

'LVWLQJXLVKHG�DQG�2XWVWDQGLQJ�$OXPQL�$ZDUGV� 3UHVHQWDWLRQ�E\�'U��'DUUHOO�:��'RQDKXH�

0U��-DPHV��-LP��%RUVXP��%6��)(��������06��)(�������

0U��-DPHV��-LP��0DF/HOODQ��%6��%(��������06��%(��������

*UDGXDWH�6FKRODUVKLS�$ZDUGV� 'U��'DUUHOO�:��'RQDKXH

8QGHUJUDGXDWH�6FKRODUVKLS�$ZDUGV�

'U��'DUUHOO�:��'RQDKXH

5HFRJQLWLRQ�RI�6HQLRU�'HVLJQ�6WXGHQWV� 'U��'DQD�.LUN� 'U��/XNH�5HHVH

&ORVLQJ�5HPDUNV�

'U��'DUUHOO�:��'RQDKXH�