This page contains a Flash digital edition of a book.
24_AM_0507 26/4/07 12:25 pm Page 24
(*7;HEIF79;C7DK<79JKH?D=
J^[j[Y^d_YWb
[Z][
J^[=;dnr=;i\Wij#i[bb_d][d]_d[m_bbfem[h8e[_d]i-*-#.?dj[hYedj_d[djWbWdZd[m-.-
<:6k^Vi^dc^h[VX^c\i]Z[jijgZl^i]cZl\gZZcZgZc\^cZiZX]cdad\nVcY`ZngdaZh
^chdbZd[idYVn�hXjii^c\"ZY\ZVk^Vi^dcegd_ZXih#CWjj8W_b[oZmeaV^chbdgZ
<
($YLDWLRQLVRQHRIWKHOHDGLQJMHWHQJLQHPDQXIDFWXUHUV )UDQFH+:LWKPRUHWKDQHQJLQHVLQDLUOLQHVHUYLFHDQ
IRUFLYLODQGPLOLWDU\DLUFUDIWDVZHOODVDHURGHULYDWLYH DLUFUDIWSRZHUHGE\*(RU&)0HQJLQHVWDNHVIOLJKWHYHU\
HQJLQHVIRUPDULQHDSSOLFDWLRQV�2XUEXVLQHVVLV WKUHHVHFRQGV
FRPPLWWHGWRLQYHVWLQJLQWHFKQRORJ\ZLWKPRUHWKDQ2ELOOLRQ �:HKDYHKDGVWURQJVDOHVRIRXUHQJLQHVIRUWKHODVWIHZ
DQQXDOO\GHYRWHGWRUHVHDUFKDQGGHYHORSPHQW�VD\V&KHW \HDUVDVWKHDYLDWLRQLQGXVWU\UHERXQGHGDQGZHDQWLFLSDWH
)XOOHU9LFH3UHVLGHQW0DUNHWLQJ*($YLDWLRQ�7KLVIXQGLQJ WKLVWRFRQWLQXH�FRQWLQXHV0U)XOOHU�%H\RQGVDOHVZHKDYH
KDVKHOSHGXVGHYHORSVRPHRIWKHPRVWLQQRYDWLYHSURGXFWV QRWLFHGDQLQFUHDVHGLQWHUHVWLQ�JUHHQHU�HQJLQHRIIHULQJV
LQFOXGLQJWKH*(%%HQJLQHZKLFKLVWKH *($YLDWLRQKDVUHVSRQGHGZLWKRQHRILWV
ZRUOG�VPRVWSRZHUIXOMHWHQJLQHDQGWKHILUVW HFRPDJLQDWLRQRIIHULQJVWKH*(Q[7KH
HQJLQHWRXVHFRPSRVLWHIDQEODGHV7KHQHZ *(Q[LVWKHFOHDQHVWEXUQLQJHQJLQHLQLWV
*(Q[HQJLQHEDVHGRQWKH*(DUFKLWHFWXUH FODVV7KH7ZLQ$QQXODU3UH%PL[LQJ6ZLUOHU
ZLOOEHWKHILUVWHQJLQHWRKDYHDFRPSRVLWHIDQ *7$36+FRPEXVWRULQWKH*(Q[FKDQJHVWKH
FDVHDQGXVHWKHIXHO%HIILFLHQW7ZLQ%$QQXODU ZD\WKHIXHOLVPL[HGDQGEXUQHGDQGWKH
3UH%6ZLUOHUVRU7$36FRPEXVWRUV\VWHP WHPSHUDWXUHDWZKLFKIXHOLVEXUQHGWRORZHU
ZKLFKZDVDUHVXOWRI*(�V5 '7KH*(Q[ H[KDXVWHPLVVLRQVHVSHFLDOO\12[&RPSDUHG
HQJLQHZLOOSRZHUWKH%RHLQJ'UHDPOLQHU ZLWKWKH12[HPLVVLRQVRI*(�V&)
DQGWKH%,QWHUFRQWLQHQWDODLUFUDIW� HQJLQHVWKH*(Q[HPLVVLRQVDUHDURXQG0
7KH*(Q[HQJLQHKDVVRIDUVROGPRUHWKDQ ORZHU7KHHPLVVLRQVRIWKH*(Q[HQJLQHDUH
XQLWVDQGLVWKHIDVW%VHOOLQJHQJLQHIRU*(�V XSWR0EHORZOLPLWV�
EXVLQHVV 7KHFRPSDQ\SUHGLFWVJUHDWWKLQJVIRUWKH
*(Q[DQG*(HQJLQHVLQWKHLPPHGLDWH
=Va[i]ZbVg`Zi IXWXUH:KLOHLQWKHORQJHUWHUPWKHUHLV
,QUHFHQW\HDUVPRUHWKDQ0RIWKHZRUOG�V PXFKGLVFXVVLRQDERXWWKHGHYHORSPHQW
ODUJHFRPPHUFLDOMHWHQJLQHRUGHUVKDYHEHHQ RIHQJLQHVIRUQH[WJHQHUDWLRQQDUURZERG\
DZDUGHGWR*(DQG&)0,QWHUQDWLRQDO*D DLUFUDIW
MRLQWFRPSDQ\RI*(DQG6QHFPDRI
8bWZ[r=;/&[d]_d[
�:HKDYHVHHQJURZWKLQFRPPHUFLDO
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48