You are on page 1of 2

$JLOH6FUXP7HDP&RPSRVLWLRQ

0DQ\RIXVKDYHH[SHULHQFHGSURMHFWVWKDWGUDJRQPXFKORQJHUWKDQH[SHFWHGDQGFRVWPRUH
WKDQSODQQHG&RPSDQLHVORRNLQJWRLPSURYHWKHLUVRIWZDUHGHYHORSPHQWSURFHVVHVDUHQRZ
H[SORULQJKRZ$JLOHFDQKHOSWKHLU(QWHUSULVHPRUHUHOLDEO\GHOLYHUVRIWZDUHTXLFNO\LWHUDWLYHO\
DQGZLWKDIHDWXUHVHWWKDWKLWVWKDWPDUN:KLOH$JLOHKDVGLIIHUHQWIODYRUV6FUXPLVRQH
SURFHVVIRULPSOHPHQWLQJ$JLOH7KLVQHZVOHWWHULVRQHLQDVHULHVRIQHZVOHWWHUVWKDWZLOOGLVFXVV
WKH$JLOH6FUXPSURFHVVDQGZLOOHQGZLWKYDULDQWVRI6FUXPWKDWFDQEHXVHGWRDLGLQLPSURYLQJ
\RXUVRIWZDUHUHOHDVHV+HUHDUHWKHSULRUQHZVOHWWHUVLQWKLVVHULHV

x )HE$JLOH6FUXP$Q2YHUYLHZ
KWWSZZZSUDJPDWLFVZFRPQHZVOHWWHUV1HZVOHWWHUBBB63KWP

7HDP&RPSRVLWLRQ
0DQDJLQJ6FUXPGHYHORSPHQWUHTXLUHVDPDMRUFKDQJHLQKRZWHDPVZRUNWRJHWKHU,Q
WUDGLWLRQDO:DWHUIDOOGHYHORSPHQWWHDPVQRUPDOO\KDYHDSURMHFWVSRQVRUDSURMHFWPDQDJHU
DQDO\VWVGHVLJQHUVSURJUDPPHUVWHVWHUVDQGGRFXPHQWDWLRQVSHFLDOLVWV(DFKWHDPPHPEHU
KDVVSHFLILFGXWLHVZKLFKQRUPDOO\GRQRWQRUPDOO\RYHUODSDQGWKH\KDYHDVSHFLILFUHSRUWLQJ
VWUXFWXUH PRVWWHDPPHPEHUVUHSRUWWRWKHSURMHFWPDQDJHU 

:LWK6FUXP\RXKDYHMXVWWHDPUROHVDQGLVQRUPDOO\OLPLWHGWRRUOHVVLQGLYLGXDOV KRZHYHU
\RXFDQKDYHPXOWLSOH6FUXPWHDPVLQVHWVRIRUOHVV 

x 3URGXFW2ZQHU7KLVLVWKHSHUVRQWKDWLGHQWLILHVDQGSULRULWL]HVWKHIHDWXUHVWKDWZLOO
DSSHDULQDGD\VSULQW7KLVLVQRUPDOO\WKH3URGXFW0DQDJHU&72LQVRPHFDVHVWKH
&(2RUVRPHRWKHUKLJKOHYHOVWDNHKROGHUWKDWXOWLPDWHO\LVUHVSRQVLEOHIRUVKDSLQJWKH
URDGPDSRIWKHLUSURGXFW%HIRUHDVSULQWEHJLQVWKH3URGXFW2ZQHUFRPPXQLFDWHVWKH
JRDORIWKHVSULQWWRWKHWHDPDQGZKDWIHDWXUHVVKRXOGEHDQDO\]HGIRUWKHUHOHDVH7KLV
GRHVQRWPHDQWKDWDOOWKHGHVLUHGIHDWXUHVZLOOPDNHLWLQWRWKHVSULQWWKHWHDP
HVWLPDWHVDQGSULRULWL]HVLWHPVIRUWKHVSULQW GXULQJWKH6SULQW3ODQQLQJVHVVLRQV DQG
RQO\WKHLWHPVWKDWFDQILWLQWKHVSULQWDUHGRQH
x 6FUXP0DVWHU7KH6FUXP0DVWHULVDNLQWRWKH3URMHFW0DQDJHULQ:DWHUIDOO
HQYLURQPHQWVEXWGRHVQRWPDQDJHWKHWHDPGHOLYHUDEOHVDWDPLFUROHYHO,QVWHDGWKLV
SHUVRQLVUHVSRQVLEOHIRUHQVXULQJWKDWWKHGD\VSULQWVWD\VRQFRXUVHQRQHZ
IHDWXUHVDUHDGGHGWRWKHVSULQWFRGHLQVSHFWLRQVKDSSHQDQGHQVXULQJHYHU\RQHSOD\V
E\WKHUXOHV7KH6FUXP0DVWHUFRRUGLQDWHVDQGUXQVWKHGDLO\VSULQWPHHWLQJV7KH
6FUXP0DVWHULVQRWDWDVNPDVWHUWKH\DUHDOHDGHUWKDWHPSRZHUVWKHWHDPPHPEHUV
WRGHOLYHUWKHDVVLJQHGWDVNVDQGWRKHOSHOLPLQDWHURDGEORFNVWKDWVORZWKHPGRZQ
x 7KH7HDP:LWK:DWHUIDOODWHDPFRQVLVWVRIDQDO\VWVGHVLJQHUVWHVWHUVDQG
GRFXPHQWDWLRQVSHFLDOLVWV:LWK6FUXPHDFKWHDPPHPEHULVHPSRZHUHGDQGH[SHFWHG
WRVHOIPDQDJHWKHPVHOYHVDQGWRSDUWLFLSDWHLQDOOGXWLHVQHHGHGWRGHOLYHUDIHDWXUH
7KLVLQFOXGHVDQDO\VLVGHVLJQFRGLQJWHVWLQJDQGGRFXPHQWDWLRQ7KH7HDPLV
UHVSRQVLEOHIRUVWD\LQJIRFXVHGRQDVVLJQHGWDVNVVROLFLWLQJKHOSDVWKH\HQFRXQWHUURDG
EORFNVIXOO\WHVWLQJWKHLUFRGHUHIDFWRULQJFRGHORJJLQJWKHLUWLPHGDLO\ LQFOXGLQJ
HVWLPDWHGWLPHUHPDLQLQJRQHDFKWDVN DQGIRUFKHFNLQJWKHLUFRGHGDLO\RUPRUHRIWHQ
LISRVVLEOH

2XU([SHULHQFHVZLWK7HDP&RPSRVLWLRQ
,QRXUH[SHULHQFHLWLVXQUHDOLVWLFWRDVVXPHWKDW7KH7HDPFDQKDQGOHTXDOLW\DVVXUDQFHDQG
GRFXPHQWDWLRQZHOO:HKDYHLPSURYHGWKHWHDPFRPSRVLWLRQWRLQFOXGHDGGLWLRQDOUROHV
x 6RIWZDUH4XDOLW\(QJLQHHU7KLVLQGLYLGXDOLVUHVSRQVLEOHIRUWKHTXDOLW\RIWKHVSULQW
,QRXUH[SHULHQFHSURJUDPPHUVGRQRWWHVWFRGHZLWKWKHVDPHPHQWDOLW\DVD6RIWZDUH
4XDOLW\(QJLQHHU 64( 2QFHVSHFLILFUHTXLUHPHQWVDUHGHILQHGWKH64(GHYHORSVDVHW
RIWHVWFDVHV PDQXDORUDXWRPDWHG WRWHVWHDFKUHTXLUHPHQWIXOO\%HIRUHFRGLQJ
EHJLQVWKHWHVWFDVHVDUHPDGHDYDLODEOHWRWKHSURJUDPPHUVRQWKHWHDP7KH
SURJUDPPHUVDUHH[SHFWHGWRUXQHDFKWHVWFDVHEHIRUHPDUNLQJFRGLQJDVEHLQJ
FRPSOHWH2QFHDUHTXLUHPHQWLVPDUNHGDVEHLQJFRPSOHWHWKH64(LVUHVSRQVLEOHIRU
UXQQLQJWKHWHVWFDVHVDJDLQWRHQVXUHWKH\DOOSDVV7KH64(DOVRUXQVDZHHNO\
UHJUHVVLRQWRHQVXUHWKDWOHJDF\IHDWXUHVDUHQRWFRPSURPLVHGE\WKHUHOHDVH,IWKH
64(KDVGHYHORSHGDXWRPDWHGWHVWFDVHVIRUUHJUHVVLRQWKRVHDUHUXQGDLO\RUPRUH
IUHTXHQWO\LIQHHGHG7KH64(GRHVQRWZDLWXQWLOWKHHQGRIWKHVSULQWWREHJLQWHVWLQJ
WKH\WHVWRQFHDUHTXLUHPHQWLVFRPSOHWHG%\WKHHQGRIWKHVSULQWDOOWHVWLQJKDVEHHQ
GRQHDQGUHJUHVVLRQKDVEHHQUXQIUHTXHQWO\
x 'RFXPHQWDWLRQ6SHFLDOLVW7KH'RFXPHQWDWLRQ6SHFLDOLVW '6 LVUHVSRQVLEOHIRU
FUHDWLQJ8VHU*XLGHV$GPLQLVWUDWRU*XLGHVDQGRWKHUWUDLQLQJPDWHULDOV,QRXU
H[SHULHQFHSURJUDPPHUVGRQRWDOZD\VKDYHWKHZULWWHQFRPPXQLFDWLRQVNLOOVWRZULWH
GRFXPHQWDWLRQLQDZD\WKDWDOD\PHQFDQLQWHUSUHWLWWKDWLVZK\LWLVLPSRUWDQWWRKDYH
DVHSDUDWHUHVRXUFHIRUWKLVIXQFWLRQ2QFHDUHTXLUHPHQWKDVEHHQIXOO\WHVWHGE\WKH
64(WKH'6EHJLQVWKHGRFXPHQWDWLRQRIWKDWUHTXLUHPHQW7KH'6GRHVQRWZDLWXQWLO
WKHHQGRIWKHVSULQWWREHJLQWKLVWKHHQGRIWKHVSULQWLQFOXGHVDOOFRPSOHWHG
GRFXPHQWDWLRQ

:KDW
V1H[W"
8SFRPLQJQHZVOHWWHUVZLOOGLVFXVVWKHIROORZLQJWRSLFV

x $JLOH6FUXP8QGHUVWDQGLQJ6FUXP5XOHV
x $JLOH6FUXP6FUXP.LFNRIIDQG3URGXFW%DFNORJ
x $JLOH6FUXP7KH'DLO\6FUXP0HHWLQJ
x $JLOH6FUXP5HSRUWLQJDQG0HWULFV
x $JLOH6FUXP5HWURVSHFWLYHV
x $JLOH6FUXP6LWHVSHFLILFYDULDQWVRI6FUXP

+HOSIXO7HPSODWHV
%HORZDUHVRPHKHOSIXOWHPSODWHVWRDLG\RXLQGHYHORSLQJVRIWZDUHVROXWLRQVRQ
WLPHDQGRQEXGJHW

x 3UDJPDWLF$JLOH'HYHORSPHQW
KWWSZZZSUDJPDWLFVZFRP3$'2YHUYLHZSGI
x 6RIWZDUH'HYHORSPHQW4$7HPSODWHV
KWWSZZZSUDJPDWLFVZFRP7HPSODWHVDVS
x 6RIWZDUH3ODQQHUKWWSZZZ6RIWZDUH3ODQQHUFRP
x 'HIHFW7UDFNHUKWWSZZZ'HIHFW7UDFNHUFRP