You are on page 1of 7



6X]XNL&RXSOLQJ

2UJDQLF&KHPLVWU\3RUWDO
5HDFWLRQV!!1DPH5HDFWLRQV
)XUWKHU,QIRUPDWLRQ
/LWHUDWXUH
5HODWHG5HDFWLRQV
+L\DPD&RXSOLQJ
.XPDGD&RXSOLQJ
0L\DXUD%RU\ODWLRQ5HDFWLRQ
1HJLVKL&RXSOLQJ
6WLOOH&RXSOLQJ

6X]XNL&RXSOLQJ

7KHVFKHPHDERYHVKRZVWKHILUVWSXEOLVKHG6X]XNL&RXSOLQJZKLFKLVWKHSDOODGLXPFDWDO\VHGFURVVFRXSOLQJEHWZHHQRUJDQRERURQLFDFLGDQGKDOLGHV5HFHQW
FDWDO\VWDQGPHWKRGVGHYHORSPHQWVKDYHEURDGHQHGWKHSRVVLEOHDSSOLFDWLRQVHQRUPRXVO\VRWKDWWKHVFRSHRIWKHUHDFWLRQSDUWQHUVLVQRWUHVWULFWHGWRDU\OVEXW
LQFOXGHVDON\OVDONHQ\OVDQGDON\Q\OV3RWDVVLXPWULIOXRURERUDWHVDQGRUJDQRERUDQHVRUERURQDWHHVWHUVPD\EHXVHGLQSODFHRIERURQLFDFLGV6RPHSVHXGRKDOLGHV
IRUH[DPSOHWULIODWHV PD\DOVREHXVHGDVFRXSOLQJSDUWQHUV
0HFKDQLVPRIWKH6X]XNL&RXSOLQJ
2QHGLIIHUHQFHEHWZHHQWKH6X]XNLPHFKDQLVPDQGWKDWRIWKH6WLOOH&RXSOLQJLVWKDWWKHERURQLFDFLGPXVWEHDFWLYDWHGIRUH[DPSOHZLWKEDVH7KLVDFWLYDWLRQRIWKH
ERURQDWRPHQKDQFHVWKHSRODULVDWLRQRIWKHRUJDQLFOLJDQGDQGIDFLOLWDWHVWUDQVPHWDOODWLRQ,IVWDUWLQJPDWHULDOVDUHVXEVWLWXWHGZLWKEDVHODELOHJURXSV IRUH[DPSOH
HVWHUV SRZGHUHG.)HIIHFWVWKLVDFWLYDWLRQZKLOHOHDYLQJEDVHODELOHJURXSVXQDIIHFWHG

,QSDUWGXHWRWKHVWDELOLW\HDVHRISUHSDUDWLRQDQGORZWR[LFLW\RIWKHERURQLFDFLGFRPSRXQGVWKHUHLVFXUUHQWO\ZLGHVSUHDGLQWHUHVWLQDSSOLFDWLRQVRIWKH6X]XNL
&RXSOLQJZLWKQHZGHYHORSPHQWVDQGUHILQHPHQWVEHLQJUHSRUWHGFRQVWDQWO\

5HFHQW/LWHUDWXUH

$ON\O$ON\O6X]XNL&URVV&RXSOLQJVRI8QDFWLYDWHG6HFRQGDU\$ON\O+DOLGHVDW5RRP7HPSHUDWXUH
%6DLWR*&)X-$P&KHP6RF

%RURQLF$FLGV1HZ&RXSOLQJ3DUWQHUVLQ5RRP7HPSHUDWXUH6X]XNL5HDFWLRQVRI$ON\O%URPLGHV&U\VWDOORJUDSKLF&KDUDFWHUL]DWLRQRIDQ2[LGDWLYH$GGLWLRQ$GGXFW

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

*HQHUDWHGXQGHU5HPDUNDEO\0LOG&RQGLWLRQV
-+.LUFKKRII051HWKHUWRQ,'+LOO*&)X-$P&KHP6RF

6WHUHRVSHFLILF3G&DWDO\]HG&URVV&RXSOLQJ5HDFWLRQVRI6HFRQGDU\$ON\OERURQ1XFOHRSKLOHVDQG$U\O&KORULGHV
//L6=KDR$-RVKL3DQJX0'LDQH05%LVFRH-$P&KHP6RF

5DWLRQDO([SORUDWLRQRI1+HWHURF\FOLF&DUEHQH 1+& 3DOODGDF\FOH'LYHUVLW\$+LJKO\$FWLYHDQG9HUVDWLOH3UHFDWDO\VWIRU6X]XNL0L\DXUD&RXSOLQJ5HDFWLRQVRI


'HDFWLYDWHG$U\ODQG$ON\O6XEVWUDWHV
*53HK($%.DQWFKHY-&(U-<<LQJ&KHP(XU-

6WHUHRFRQYHUJHQW$PLQH'LUHFWHG$ON\O$ON\O6X]XNL5HDFWLRQVRI8QDFWLYDWHG6HFRQGDU\$ON\O&KORULGHV
=/X$:LOVLO\*&)X-$P&KHP6RF

$&DWDO\WLF(QDQWLRWRSLF*URXS6HOHFWLYH6X]XNL5HDFWLRQIRUWKH&RQVWUXFWLRQRI&KLUDO2UJDQRERURQDWHV
&6XQ%3RWWHU-30RUNHQ-$P&KHP6RF

7HWUDSKRVSKLQHSDOODGLXPFDWDO\VHG6X]XNLFURVVFRXSOLQJUHDFWLRQVRIDU\OKDOLGHVZLWKDON\OERURQLFDFLGV
,.RQGROII+'RXFHW06DQWHOOL7HWUDKHGURQ

6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQVRI3ULPDU\$ON\OWULIOXRURERUDWHVZLWK$U\O&KORULGHV
6''UHKHU6(/LP'/6DQGURFN*$0RODQGHU-2UJ&KHP

3G 11'LPHWK\ODODQLQDWH DVD+LJK7XUQRYHU1XPEHU3KRVSKLQH)UHH&DWDO\VWIRUWKH6X]XNL5HDFWLRQ
;&XL74LQ-5:DQJ//LX4;*XR6\QWKHVLV

*XDQLGLQH3G 2$F &DWDO\]HG5RRP7HPSHUDWXUH6X]XNL&URVV&RXSOLQJ5HDFWLRQLQ$TXHRXV0HGLDXQGHU$HURELF&RQGLWLRQV


6/L</LQ-&DR6=KDQJ-2UJ&KHP

>%PLP@3)3URPRWHG/LJDQGOHVV6X]XNL0L\DXUD&RXSOLQJ5HDFWLRQRI3RWDVVLXP$U\OWULIOXRURERUDWHVLQ:DWHU
//LX<'RQJ%3DQJ-0D-2UJ&KHP

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

&RSSHU&DWDO\]HG6X]XNL0L\DXUD&RXSOLQJRI$U\OERURQDWH(VWHUV7UDQVPHWDODWLRQZLWK 31 &X)DQG,GHQWLILFDWLRQRI,QWHUPHGLDWHV
6.*XUXQJ67KDSD$.DIOH'$'LFNLH5*LUL2UJ/HWW

$&\FOREXWHQH%LV LPLGD]ROLXP 6DOWDV(IILFLHQW3UHFXUVRURI3DOODGLXP&DWDO\]HG5RRP7HPSHUDWXUH6X]XNL0L\DXUD5HDFWLRQV


$5DKLPL$6FKPLGW6\QOHWW

$Q([WUHPHO\$FWLYHDQG*HQHUDO&DWDO\VWIRU6X]XNL&RXSOLQJ5HDFWLRQRI8QUHDFWLYH$U\O&KORULGHV
'+/HH0--LQ2UJ/HWW

$7ULDU\OSKRVSKLQH/LJDQG%HDULQJ'RGHFD HWK\OHQHJO\FRO &KDLQV(QKDQFHG(IILFLHQF\LQWKH3DOODGLXP&DWDO\]HG6X]XNL0L\DXUD&RXSOLQJ5HDFWLRQ


7)XMLKDUD6<RVKLGD-7HUDR<7VXML2UJ/HWW

$1HZ)DPLO\RI7XQDEOH,QGRO\OSKRVSKLQH/LJDQGVE\2QH3RW$VVHPEO\DQG7KHLU$SSOLFDWLRQVLQ6X]XNL0L\DXUD&RXSOLQJRI$U\O&KORULGHV
&06R&&<HXQJ&3/DX)<.ZRQJ-2UJ&KHP

$Q$FWLYH*HQHUDODQG/RQJ/LYHG3DOODGLXP&DWDO\VWIRU&URVV&RXSOLQJVRI'HDFWLYDWHG +HWHUR DU\O&KORULGHVDQG%URPLGHVZLWK$U\OERURQLF$FLGV


7+RVKL7+RQPD$0RUL0.RQLVKL76DWR++DJLZDUD76X]XNL-2UJ&KHP

%LSKHQ\OHQH6XEVWLWXWHG5XWKHQRFHQ\OSKRVSKLQHIRU6X]XNL0L\DXUD&RXSOLQJRI$U\O&KORULGHV
7+RVKL71DND]DZD,6DLWRK<0RUL76X]XNL-L6DNDL++DJLZDUD6$NDL2UJ/HWW

6FRSHRIWKH7ZR6WHS2QH3RW3DOODGLXP&DWDO\]HG%RU\ODWLRQ6X]XNL&URVV&RXSOLQJ5HDFWLRQ8WLOL]LQJ%LV%RURQLF$FLG
*$0RODQGHU6/-7ULFH60.HQQHG\-2UJ&KHP

)DFLOH6\QWKHVLVRI+LJKO\6WDEOH*ROG1DQRSDUWLFOHVDQG7KHLU8QH[SHFWHG([FHOOHQW&DWDO\WLF$FWLYLW\IRU6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQLQ:DWHU
-+DQ</LX5*XR-$P&KHP6RF

%LVFDUER[\)XQFWLRQDOL]HG,PLGD]ROHDQG3DOODGLXPDV+LJKO\$FWLYH&DWDO\WLF6\VWHPLQ3URWLF6ROYHQWV0HWKDQRODQG:DWHU
50DUWtQH],03DVWRU0<XV6\QWKHVLV

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

5RRP7HPSHUDWXUH6X]XNL0L\DXUD&RXSOLQJVLQ:DWHU)DFLOLWDWHGE\1RQLRQLF$PSKLSKLOHV
%+/LSVKXW]7%3HWHUVHQ$5$EHOD2UJ/HWW

5REXVW$FHQDSKWKRLPLGD]RO\OLGHQH3DOODGLXP&RPSOH[HV+LJKO\(IILFLHQW&DWDO\VWVIRU6X]XNL0L\DXUD&RXSOLQJVZLWK6WHULFDOO\+LQGHUHG6XEVWUDWHV
77X=6XQ:)DQJ0;X<=KRX2UJ/HWW

6ROYHQW)UHH0LFURZDYH$VVLVWHG6X]XNL0L\DXUD&RXSOLQJ&DWDO\]HGE\3(336,L3U
31XQ-0DUWLQH])/DPDW\6\QOHWW

&URVV&RXSOLQJDQG'HKDORJHQDWLRQ5HDFWLRQV&DWDO\]HGE\ 1+HWHURF\FOLFFDUEHQH 3G DOO\O &O&RPSOH[HV


21DYDUUR+.DXU30DKMRRU631RODQ-2UJ&KHP

$Q1+HWHURF\FOLF&DUEHQH/LJDQGZLWK)OH[LEOH6WHULF%XON$OORZV6X]XNL&URVV&RXSOLQJRI6WHULFDOO\+LQGHUHG$U\O&KORULGHVDW5RRP7HPSHUDWXUH
*$OWHQKRII5*RGGDUG&:/HKPDQQ)*ORULXV$QJHZ&KHP,QW(G

)HUURFHQ\O0RQRSKRVSKLQH/LJDQGV6\QWKHVLVDQG$SSOLFDWLRQVLQWKH6X]XNL0L\DXUD&RXSOLQJRI$U\O&KORULGHV
&%DLOOLH/=KDQJ-;LDR-2UJ&KHP

5HXVDEOHDQG(IILFLHQW3G 2$F 7%$%3(*6\VWHPIRU6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQXQGHU/LJDQG)UHH&RQGLWLRQV


:-/LX<;;LH</LDQJ-+/L6\QWKHVLV

3KRVSKLQH)UHH3DOODGLXP$FHWDWH&DWDO\]HG6X]XNL5HDFWLRQLQ:DWHU
//LX<=KDQJ<:DQJ-2UJ&KHP

6\QWKHVLVDQG&KDUDFWHUL]DWLRQRI531 3 L%X1&+&+ 1$1HZ%XON\(OHFWURQ5LFK3KRVSKLQHIRU(IILFLHQW3G$VVLVWHG6X]XNL0L\DXUD&URVV&RXSOLQJ


5HDFWLRQV
-9.LQJVWRQ-*9HUNDGH-2UJ&KHP

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

0RGLILHG 1+& 3G DOO\O &O 1+& 1+HWHURF\FOLF&DUEHQH &RPSOH[HVIRU5RRP7HPSHUDWXUH6X]XNL0L\DXUDDQG%XFKZDOG+DUWZLJ5HDFWLRQV


10DULRQ21DYDUUR-0HL('6WHYHQV106FRWW631RODQ-$P&KHP6RF

$+LJKO\$FWLYH&DWDO\VWIRU6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQVRI+HWHURDU\O&RPSRXQGV
./%LOOLQJVOH\.:$QGHUVRQ6/%XFKZDOG$QJHZ&KHP,QW(G

3DOODGLXPFDWDO\]HG6X]XNL0L\DXUDFRXSOLQJZLWKDU\OFKORULGHVXVLQJDEXON\SKHQDQWKU\O1KHWHURF\FOLFFDUEHQHOLJDQG
&6RQJ<0D4&KDL&0D:-LDQJ0%$QGUXV7HWUDKHGURQ

39&6XSSRUWHG3DOODGLXP1DQRSDUWLFOHV$Q(IILFLHQW&DWDO\VWIRU6X]XNL&URVV&RXSOLQJ5HDFWLRQVDW5RRP7HPSHUDWXUH
06DPDUDVLPKDUHGG\*3UDEKX709LVKZDQDWKD996XUHVKEDEX6\QWKHVLV

5HF\FODEOH&DWDO\VWVIRU6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQVDW$PELHQW7HPSHUDWXUH%DVHGRQD6LPSOH0HUULILHOG5HVLQ6XSSRUWHG3KHQDQWKUROLQH
3DOODGLXP ,, &RPSOH[
-<DQJ3/L/:DQJ6\QWKHVLV

,PPRELOL]DWLRQRI'LS\ULG\O&RPSOH[WR0DJQHWLF1DQRSDUWLFOHYLD&OLFN&KHPLVWU\DVD5HF\FODEOH&DWDO\VWIRU6X]XNL&URVV&RXSOLQJ5HDFWLRQV
*/Y:0DL5-LQ/*DR6\QOHWW

3G('7$+HOGLQDQ,RQLF/LTXLG%UXVKDVD+LJKO\(IILFLHQWDQG5HXVDEOH&DWDO\VWIRU6X]XNL5HDFWLRQVLQ:DWHU
-):HL--LDR--)HQJ-/Y;5=KDQJ;<6KL=*&KHQ-2UJ&KHP

/LJDQG(IIHFWVRQWKH6WHUHRFKHPLFDO2XWFRPHRI6X]XNL0L\DXUD&RXSOLQJV
*3/X.59RLJWULWWHU&&DL%+/LSVKXW]-2UJ&KHP

$Q(IILFLHQWDQG5HF\FODEOH0DJQHWLF1DQRSDUWLFOH6XSSRUWHG3DOODGLXP&DWDO\VWIRUWKH6X]XNL&RXSOLQJ5HDFWLRQVRI2UJDQRERURQLF$FLGVZLWK$ON\Q\O%URPLGHV
;=KDQJ3/L<-L/=KDQJ/:DQJ6\QWKHVLV

(IILFLHQW3DOODGLXP&DWDO\]HG&URVV&RXSOLQJ5HDFWLRQRI$ON\Q\O+DOLGHVZLWK2UJDQRERURQLF$FLGVXQGHU$HURELF&RQGLWLRQV

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

-67DQJ07LDQ:%6KHQJ&&*XR6\QWKHVLV

+LJKO\$FWLYH&DWDO\VWIRUWKH+HWHURJHQHRXV6X]XNL0L\DXUD5HDFWLRQ$VVHPEOHG&RPSOH[RI3DOODGLXPDQG1RQ&URVV/LQNHG$PSKLSKLOLF3RO\PHU
<0$<DPDGD.7DNHGD+7DNDVKDVKL6,NHJDPL-2UJ&KHP

1HZ&DWDO\VWVIRU6X]XNL0L\DXUD&RXSOLQJ5HDFWLRQVRI+HWHURDWRP6XEVWLWXWHG+HWHURDU\O&KORULGHV
$6*XUDP;:DQJ((%XQHO00)DXO5'/DUVHQ0-0DUWLQHOOL-2UJ&KHP

&6\PPHWULF%LV+\GUD]RQHVDV/LJDQGVLQWKH$V\PPHWULF6X]XNL0L\DXUD&URVV&RXSOLQJ
$%HUPHMR$5RV5)HUQiQGH]-0/DVVDOHWWD-$P&KHP6RF

*HQHUDO5HDFWLRQ&RQGLWLRQVIRUWKH3DOODGLXP&DWDO\]HG9LQ\ODWLRQRI$U\O&KORULGHVZLWK3RWDVVLXP$ONHQ\OWULIOXRURERUDWHV
($ODFLG&1iMHUD-2UJ&KHP

6WHUHRVHOHFWLYH(QRO7RV\ODWLRQ3UHSDUDWLRQRI7ULVXEVWLWXWHG8QVDWXUDWHG(VWHUV
-%D[WHU'6WHLQKXHEHO03DOXFNL,:'DYLHV2UJ/HWW

19LQ\OS\ULGLQLXPDQGDPPRQLXP7HWUDIOXRURERUDWH6DOWV1HZ(OHFWURSKLOLF&RXSOLQJ3DUWQHUVIRU3G  &DWDO\]HG6X]XNL&URVV&RXSOLQJ5HDFWLRQV
.5%XV]HN1%URZQ2UJ/HWW

6X]XNL0L\DXUD&URVV&RXSOLQJRI3RWDVVLXP7ULIOXRURERUDWRKRPRHQRODWHV
*$0RODQGHU'(3HWULOOR2UJ/HWW

3DOODGLXP&DWDO\]HG2QH3RW&URVV&RXSOLQJRI3KHQROV8VLQJ1RQDIOXRUREXWDQHVXOIRQ\O)OXRULGH
7,NDZD.6DLWR6$NDL6\QOHWW

$IDPLO\RILQGRO\OSKRVSKLQHOLJDQGVZDVDSSOLHGWR6X]XNL0L\DXUDFURVVFRXSOLQJRIDU\OWRV\ODWHVZLWKERURQLFDFLGVWULIOXRURERUDWHVDOWVDQGERURQDWHHVWHUV
&DWDO\VWORDGLQJFDQEHUHGXFHGWRPROIRUWKHFRXSOLQJRIQRQDFWLYDWHGDU\OWRV\ODWHV
&06R&3/DX$6&&KDQ)<.ZRQJ-2UJ&KHP

$*HQHUDO3DOODGLXP&DWDO\VW6\VWHPIRU6X]XNL0L\DXUD&RXSOLQJRI3RWDVVLXP$U\OWULIOXRURERUDWHVDQG$U\O0HV\ODWHV
:.&KRZ&06R&3/DX)<.ZRQJ-2UJ&KHP

KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP





6X]XNL&RXSOLQJ

1L &2' 3&\ &DWDO\]HG&URVV&RXSOLQJRI$U\ODQG+HWHURDU\O1HRSHQW\OJO\FROERURQDWHVZLWK$U\ODQG+HWHURDU\O0HV\ODWHVDQG6XOIDPDWHVLQ7+)DW5RRP


7HPSHUDWXUH
3/HRZDQDZDW1=KDQJ$05HPHULWD%05RVHQ93HUFHF-2UJ&KHP

7KH)LUVW*HQHUDO3DOODGLXP&DWDO\VWIRUWKH6X]XNL0L\DXUDDQG&DUERQ\O(QRODWH&RXSOLQJRI$U\O$UHQHVXOIRQDWHV
+11JX\HQ;+XDQJ6/%XFKZDOG-$P&KHP6RF

6\QWKHVLVRI%LDU\O'HULYDWLYHVYLDD0DJQHWLF3G13V&DWDO\]HG2QH3RW'LD]RWL]DWLRQ&URVV&RXSOLQJ5HDFWLRQ
<=RQJ-+X36XQ;-LDQJ6\QOHWW

3DOODGLXP&DWDO\]HG&URVV&RXSOLQJ5HDFWLRQVRI3RWDVVLXP$ONHQ\OWULIOXRURERUDWHVZLWK2UJDQLF+DOLGHVLQ$TXHRXV0HGLD
($ODFLG&1iMHUD-2UJ&KHP

7KHXVHRIELVSKRVSKLQHOLJDQGVZLWKDODUJH33G3ELWHDQJOHDOORZHGWRV\QWKHVL]H=FKORULQDWHGLQWHUQDODONHQHVLQJRRG\LHOGVE\DVHOHFWLYH6X]XNL0L\DXUD
PRQRFRXSOLQJSURFHVVRIDON\O%%1ZLWKGLFKORURDONHQHV7KHVHPRQRFKORULQDWHGROHILQVFRXOGEHIXUWKHUWUDQVIRUPHGSURYLGLQJVWHUHRVSHFLILFDOO\
WULVXEVWLWXWHGROHILQV
)/LURQ&)RVVH$3HUQROHW(5RXOODQG-2UJ&KHP

6WHUHRVHOHFWLYH&URVV&RXSOLQJ5HDFWLRQRI'LERU\ODONHQHVZLWK(OHFWURSKLOHV$+LJKO\6WHUHRFRQWUROOHG$SSURDFKWR7ULDU\ODONHQHV
06KLPL]X&1DNDPDNL.6KLPRQR06FKHOSHU7.XUDKDVKL7+L\DPD-$P&KHP6RF

6X]XNL0L\DXUD&URVV&RXSOLQJ5HDFWLRQVRI3RWDVVLXP$ONHQ\OWULIOXRURERUDWHV
*$0RODQGHU&5%HUQDUGL-2UJ&KHP

3G1+&&DWDO\]HG(QDQWLRVSHFLILFDQG5HJLRVHOHFWLYH6X]XNL0L\DXUD$U\ODWLRQRI$U\OD]LULGLQHV6\QWKHVLVRI(QDQWLRHQULFKHG$U\OSKHQHWK\ODPLQH'HULYDWLYHV
<7DNHGD<,NHGD$.XURGD67DQDND60LQDWDND-$P&KHP6RF


KWWSZZZRUJDQLFFKHPLVWU\RUJQDPHGUHDFWLRQVVX]XNLFRXSOLQJVKWP



You might also like