GRANULAR POLYSILICON TECHNOLOGY

Size: px
Start display at page:

Download "GRANULAR POLYSILICON TECHNOLOGY"

Transcription

1 RENEWABLE ENERGY CORPORATION GRANULAR POLYSILICON TECHNOLOGY Tore Torvund, CEO REC Silicon SNEC 2012 (Shanghai, China) May 17, 2012

2 Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for REC ASA and REC ASA s (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for REC s businesses, energy prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although REC ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. REC ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither REC ASA nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use. This presentation was prepared for SNEC 2012 Silicon Materials Session held in Shanghai, China on May 17, Information contained within will not be updated. The following slides should be read and considered in connection with the information given orally during the presentation. The REC shares have not been registered under the U.S. Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act Copyright REC

3 REC Silicon: Global Reach Moses Lake WA, USA Butte MT, USA Houston TX, USA Tokyo, Japan Shanghai, China Taipei, Taiwan REC Silicon headquarters Manufacturing Facilities Sales Offices Copyright REC

4 Overview of Our Polysilicon Plant Our polysilicon plant consists of two separate plants working seamlessly together Silane gas plant Polysilicon plant (Siemens and FBR reactor plant) SILANE GAS PLANT POLYSILICON PLANT Copyright REC

5 Our Operational Flexibility & Redundancy Butte Moses Lake Silicon II Silicon I Silicon III Silicon IV Silane Silane Silane Silane Silane Loading Siemens FBR Silane Loading Silane gas to TFT, Semi and Solar Polysilicon to Solar and Semi Solar grade Silane gas to TFT, Semi and Solar Copyright REC

6 FBR: Technology for a Sustainable Future RIGHT HERE AT REC REC Silicon production plant, Moses Lake WA, USA

7 REC Fluidized Bed Technology (FBR) Reactors Vertical Reactors: High flow rates that allow fluidization Fluidization: Granules balanced by gas flow friction, improved heat transfer YIELD: High yield with proprietary silane process Effluent Gas Significant energy savings Continuous vs. Batch Process Hot Wall vs. Cold Wall Design Demonstrated volume production REC has invested over 10 years of research in Silane-based fluid bed deposition Silane + H Copyright REC

8 Consumption KWh/Kg Optimized Siemens vs. FBR CVD ELECTRICITY CONSUMPTION 45 KWh/kg 4.1 KWh/kg 100% 9% Best in Class TCS Siemens* REC FBR** * GT SDR-400 Commercial field data, as of June 2011 ** FBR Actual Q Copyright REC

9 REC Silicon FBR Cost Breakdown Electricity Silane 4% Electricity FBR 1% Other Mfg Costs 26% MGS 37% Manufacturing Labor & Support 32% Copyright REC

10 Cash cost of USD 12.5/kg - Leading cost Position among Polysilicon Companies FBR production target of 15,000 MT in 2012, 40 percent above design capacity Silicon FBR USD/kg SG&A and R&D Depreciation Cash production cost % % Q3 10 Q4 11 Q Copyright REC

11 Significant Growth in REC s FBR Capacity REC Silicon Production Capacity by Technology MT FBR 70% FBR Siemens REC - Strictly Confidential

12 FBR Granular Increases Process Efficiency for Wafer Manufacturers Customers About 20 different customers are currently using our Granular products Users have quickly built a strong preference for Granular material Use of Granular in ingot making process The Granular form factor improves productivity used together with chunk polysilicon by increasing crucible charge weight Cost savings Customers confirm significant cost savings achieved by using granular material (blended with chunk) Enables recharge (i.e. replenishing the melt as the ingot is pulled) Maximizes initial crucible charge weight Enables top-off (i.e. adding polysilicon to the crucible after the initial melt to raise the molten silicon level towards the top of the crucible) Increased packing density Enables top-off and recharge Easier to handle Copyright REC

13 FBR Granular Significantly Increases Productivity Blend Filling Time Improvement vs. 100% Siemens Weight Improvement vs. 100% Siemens 100% Siemens 48.5 mins. N/A N/A 63.8 kg N/A N/A 50% Siemens 50% Granular 28.5 mins mins. 41.2% 82.5 kg 18.7 kg 29.4% 40% improvement in filling time 30% increase in charge weight Note: Same 60 kg. crucible used for all tests. Crucible filled to top, level with crucible edge in all tests Copyright REC

14 Future Development RIGHT HERE AT REC REC Silicon materials

15 C O M M E R C I A L P I L O T S T U D I E S N E X T G E N E R A T I O N Fluid Bed Development History Timeline 1990s FBR Pilot Reactors 1, 2 & 3 - Feasibility Modeling/Validation/Operability FBR-B Next Generation Reactor - Started-up 3Q 2009 FBR-B Next Generation Reactor - Proof of Enhanced Quality & Operability at Reduced Cost FBR-A Demonstration Reactor - Process Control Key Controls - Design of Experiments Process Optimization - Design Validation Scale Up - Customer Qualification Implementation of FBR-B Developments Plant 3.0 Commercial Process - Design Engineering Construction - Started-up 4Q 2008 Plant 3.0 Commercial Process Continual Process Improvement - 15,000 MT/yr REC - Strictly Confidential

16 Jan Apr 7/4/2011 7/25/2011 8/15/2011 9/5/2011 9/26/ /17/ /7/ /28/ /19/2011 1/9/2012 1/30/2012 2/20/2012 3/12/2012 4/2/2012 4/23/2012 Polysilicon Supply, Demand & Spot Prices MT $/kg , , Copyright REC Polysilicon Production Capacity (All Companies) Capacity Top 5 Companies Semi Demand Semi + PV Demand Top 5 Companies: GCL, OCI, HSC, WCH & REC Source: isuppli PV Integrated Market Tracker (Q1 2012) PV Insights Bloomberg Data as of April 25, Source: Bloomberg New Energy Finance & PV Insights.

17 Only ~20,000 MT FBR Polysilicon Available Market opportunity for flowable polysilicon Si V Si VI Si VII Installed FBR Cpacity Potential Market for FBR Poly (Assuming 50/50 blend ratio) Copyright REC

18 China is the Main Market for Polysilicon to the Solar Wafer Market Polysilicon Production Japan 7 % Germany 15 % China 40 % Other 5 % USA 3 % Solar Wafer Production Germany 3 % Japan 7 % Taiwan 6 % Korea 14 % USA 24 % China 76 % Source: Solarbuzz Copyright REC

19 FBR - A Disruptive Polysilicon Technology PRELIMENARY ESTIMATES Current FBR cash cost vs China FBR cash cost (USD/kg)* 12,5 7,9 Q cash cost MGS Manufacturing labor & support Other China FBR Cash cost* *) Based on high level preliminary studies Copyright REC

20 FBR Capex Competitive with Siemens PRELIMENARY ESTIMATES Current FBR capex/kg vs China FBR capex/kg (USD/kg)* 107,0 50,0 Current FBR Optimized capex/kg plant design China location savings China FBR Capex/kg* *) Based on high level preliminary studies Copyright REC

21 FBR Cost Per Kg* Development USD/kg Deprication Cash cost ,9 12,9 25, ,0 19, ,0 15,9 6,6 12,5 11,3 3,3 7,9 0 Q Q Q FBR China PRELIMENARY ESTIMATES *Blended cost per kg for all quality grade polysilicon Copyright REC

22 The STAR Center Silicon Technologies Applications Research Center Location: Shangyu, Zhejiang Province In partnership with Zhejiang Jingsheng M&E Engineering Co. Ltd. Phase 1 scope: Solar Grade CZ puller/s, analytical, FIBC transport, de-dusting & recharge systems Operational by Q Copyright REC

23 REC Silicon to Launch an Applications Center in China Aligns REC to market-driven requirements Assists in market acceptance of our products We become a resource not just a source A localized customer support & application facility Sample Activities: Material performance testing Customer training & interaction on product handling, packing, blend, safety, etc. Product development New account qualification Copyright REC

24 REC Position on a possible trade dispute between China and the US REC Silicon believes that tariffs are NOT in the best interest of the global solar industry Tariffs stifle innovation/add costs to a development industry that needs to reduce costs to compete with traditional power and grow REC Silicon opposes a trade war between the US and China Escalation/retaliatory tariffs damaging to all industry participants The May 17, US Department of Commerce AD tariff is provisional only (final decision to be made late 2012) REC Silicon will continue to work together with other members of the solar industry in the US and China and with the US government with a view to convincing the decision makers in the US to see sense and ensure that the final tariff decision imposes no or negligible tariffs only Copyright REC

25 Summary: Granular Polysilicon REC Silicon is technology and cash cost leader World-class supplier and by far the largest producer of Granular Polysilicon at the lowest cost Customers Benefit from using Granular Granular Polysilicon helps customers increase productivity and reduce Total Cost of Processes and Production We are a committed supplier of Granular Products Have increased capacity to 15,000MT to deliver to a growing market Developing Silicon research center in Shangyu Driving toward electronic grade quality Copyright REC

26 RENEWABLE ENERGY CORPORATION THANK YOU The REC content is the of this exclusive presentation owner is or strictly licensee confidential. of the content, REC is material, the exclusive and owner information licensee in this of presentation. the content, material, Any reproduction, and information publication in this or presentation. reprint, in whole Any reproduction, or in part, is publication strictly prohibited. or reprint, The in whole information part, in this is strictly presentation prohibited. may The not information be accurate, in complete this presentation or up to may date, not and be is accurate, provided complete without warranties or up to date, or representations and is provided of without any kind, warranties either express or representations or implied. REC, of any as kind, well either as its directors, express or officers implied. and REC, employees, as well as shall its not directors, be responsible officers and for and employees, disclaims shall any not liability be responsible for any loss for and damages, disclaims including any liability without for limitation, any loss or direct, damages, indirect, including incidental, without consequential limitation, direct, and special indirect, damages, incidental, alleged consequential to have been and caused special by damages, or in connection alleged to with have using been and/or caused relying by or on in the connection information with contained using and/or in this relying presentation. the information contained in this presentation.

Update on Elkem Solar. Torgeir Ulset VP Sales & Marketing, Elkem Solar Cleantech Agder 24.09.2015

Update on Elkem Solar. Torgeir Ulset VP Sales & Marketing, Elkem Solar Cleantech Agder 24.09.2015 Update on Elkem Solar Torgeir Ulset VP Sales & Marketing, Elkem Solar Cleantech Agder 24.09.2015 Recap : last presentation in this fora Situation at that time : Factory closed more than one year Depressed

More information

27th European Photovoltaic Solar Energy Conference and Exhibition ENERGY PAYBACK TIME AND CARBON FOOTPRINT OF ELKEM SOLAR SILICON

27th European Photovoltaic Solar Energy Conference and Exhibition ENERGY PAYBACK TIME AND CARBON FOOTPRINT OF ELKEM SOLAR SILICON ENERGY PAYBACK TIME AND CARBON FOOTPRINT OF ELKEM SOLAR SILICON Ronny Glöckner Elkem Solar AS, Fiskaaveien 100, N-4675 Kristiansand, Norway ronny.glockner@elkem.no Mariska de Wild-Scholten SmartGreenScans,

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

2015 PV MARKET OUTLOOK

2015 PV MARKET OUTLOOK 15 June 2015 2015 PV MARKET OUTLOOK ASEF, Manila Xiaoting Wang PV NEW BUILD BY YEAR, HISTORICAL AND FORECAST TO 2017 (CONSERVATIVE) 55.5GW 61.0GW 61.3GW 40.0GW 45.0GW 28.5GW 30.7GW 18.2GW 6.6GW 7.7GW 2008

More information

The 5th INTERNATIONAL CONFERENCE ON INTEGRATED OPERATIONS

The 5th INTERNATIONAL CONFERENCE ON INTEGRATED OPERATIONS part of Aker The 5th INTERNATIONAL CONFERENCE ON INTEGRATED OPERATIONS Collaborative visualization, visual planning of maintenance operations: 4D simulation and planning, Hans Christian von Krogh Radisson

More information

Data Security on Every Network Layer. Internet Security Days 2015, Phantasialand Brühl ADVA Optical Networking SE

Data Security on Every Network Layer. Internet Security Days 2015, Phantasialand Brühl ADVA Optical Networking SE Data Security on Every Network Layer Internet Security Days 2015, Phantasialand Brühl ADVA Optical Networking SE Agenda Impact of Cyber Crime and Data Theft Financial Service Sector Production Industry

More information

New contract for jacket to the Johan Sverdrup Process Platform. 8 October 2015 Sverre Myklebust, Executive Vice President, Jackets

New contract for jacket to the Johan Sverdrup Process Platform. 8 October 2015 Sverre Myklebust, Executive Vice President, Jackets New contract for jacket to the Johan Sverdrup Process 8 October 2015 Sverre Myklebust, Executive Vice President, Jackets Kvaerner involvement in Johan Sverdrup so far: 1 PLATFORM TOPSIDE: Scope: EPC delivery

More information

JinkoSolar Holding Co., Ltd. Q2 2015 Earnings Call Presentation

JinkoSolar Holding Co., Ltd. Q2 2015 Earnings Call Presentation JinkoSolar Holding Co., Ltd. Q2 2015 Earnings Call Presentation Aug 20, 2015 Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire

More information

EMERGING POTENTIAL FOR SOLAR ENERGY

EMERGING POTENTIAL FOR SOLAR ENERGY EMERGING POTENTIAL FOR SOLAR ENERGY Wacker Chemie AG, February, 2012 CREATING TOMORROW'S SOLUTIONS DISCLAIMER The information contained in this presentation is for background purposes only and is subject

More information

Forward Looking Statements

Forward Looking Statements February 21, 2007 Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of

More information

Third quarter results 2014

Third quarter results 2014 Third quarter results 2014 Highlights Third quarter 2014 High operational activity H6 rig upgrade completed ahead of time Cooperation with KBR for Sverdrup Study awarded for Subsea on a Stick Order backlog

More information

Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC.

Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC. IMMEDIATE RELEASE IMPORTANT NOTES 1. E Fund Citi Chinese Government Bond 5-10 Years Index ETF (the Sub-Fund ) is a passively managed exchange traded fund ( ETF ) and is traded on the Stock Exchange of

More information

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO Investor Day 2015 London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO 2015 Aker Solutions Slide 1 March 17, 2015 Investor Day 2015 Forward-Looking Statements and Copyright This Presentation includes

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Kuehne + Nagel International AG Analyst Conference Call Full-year 2015 results. March 2, 2016 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Full-year 2015 results. March 2, 2016 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Full-year results March 2, 2016 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements.

More information

Third quarter results 2012

Third quarter results 2012 Q3 Third quarter results 2012 Fornebu, Øyvind Eriksen and Leif Borge 2012 Aker Solutions Slide 1 Agenda Q3 2012 Introduction Øyvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

Listing Prospectus for Renewable Energy Corporation ASA; REC SOLAR AS; REC SILICON AS; and REC WAFER NORWAY AS (together the Companies )

Listing Prospectus for Renewable Energy Corporation ASA; REC SOLAR AS; REC SILICON AS; and REC WAFER NORWAY AS (together the Companies ) Listing Prospectus for Renewable Energy Corporation ASA; REC SOLAR AS; REC SILICON AS; and REC WAFER NORWAY AS (together the Companies ) Registration document Joint Lead Arrangers: Oslo, 9. October2009

More information

Kuehne + Nagel International AG Analyst Conference Call First quarter 2016 results. April 19, 2016 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call First quarter 2016 results. April 19, 2016 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call First quarter 2016 results April 19, 2016 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking

More information

Presentation to Dockwise. 24 April 2012

Presentation to Dockwise. 24 April 2012 Presentation to Dockwise 24 April 2012 Disclaimer This presentation has been prepared by Fairstar Heavy Transport NV ( FHT or the company ). This presentation is for information purposes only. This presentation

More information

Keyware Technologies N.V- valuation highlights

Keyware Technologies N.V- valuation highlights Keyware Technologies N.V- valuation highlights This memorandum brings a short summary of Keyware Technologies N.V's (hereinafter 'Keyware' or the 'Company') valuation report as of December 31, 2014. This

More information

Aker Solutions Splits Into Two Companies

Aker Solutions Splits Into Two Companies Fornebu, April 30, 2014 Øyvind Eriksen, Executive Chairman 2014 Aker Solutions Boosting Value Through Two New Companies New Aker Solutions Swifter realization of synergies, operational excellence and organic

More information

Q3 2011 IFRS Financial Results. October 20, 2011 Martinsried/Munich, Germany

Q3 2011 IFRS Financial Results. October 20, 2011 Martinsried/Munich, Germany Q3 2011 IFRS Financial Results October 20, 2011 Martinsried/Munich, Germany Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements with words such as believes, anticipates

More information

2015 Investor Day CFO Presentation. June 25, 2015

2015 Investor Day CFO Presentation. June 25, 2015 The Critical Materials Company 2015 Investor Day CFO Presentation June 25, 2015 Table of Contents Q1 2015 Financial Highlights 4 Currency Translation Effect 5 AMG Q1 2015 At a Glance 6 AMG Critical Materials

More information

Kuehne + Nagel International AG Analyst Conference Call Nine-months 2015 results. October 13, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Nine-months 2015 results. October 13, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Nine-months results October 13, (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements.

More information

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such statements

More information

1 st Quarter 2016 Conference Call Note

1 st Quarter 2016 Conference Call Note CREATING TOMORROW`S SOLUTIONS 1 st Quarter 2016 Conference Call Note Dr. Rudolf Staudigl (CEO), Dr. Tobias Ohler (CFO), April 28th, 2016 0 of 21 Disclaimer The information contained in this presentation

More information

Iberdrola USA-UIL merger. February 2015

Iberdrola USA-UIL merger. February 2015 Iberdrola USA-UIL merger February 2015 11 Legal Notice DISCLAIMER This document has been prepared exclusively for information purposes by Iberdrola, S.A. in connection with the proposed combination of

More information

Aker Drilling Riser Brazil

Aker Drilling Riser Brazil part of Aker Brazil Presenter Marcelo Coraça Project Manager June/2010 2010 Aker Solutions Aker Solutions Rio das Ostras Aker Riser workshop Aker Subsea workshop Aker MH workshop General Offices Meeting

More information

Direkte elektrisk røroppvarming

Direkte elektrisk røroppvarming Extending the life of the fields Direkte elektrisk røroppvarming Siemens 27. mars 2014 Stig Indrebø Principle engineer ( hentet foiler fra Atle Børnes, Statoil fra nettet) 2014 Aker Solutions Slide 1 March

More information

Panasonic Announces Formation of the Joint Venture of Diffusion Plants of the Semiconductor Business in Hokuriku Region, Japan

Panasonic Announces Formation of the Joint Venture of Diffusion Plants of the Semiconductor Business in Hokuriku Region, Japan December 20, 2013 FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: Megumi Kitagawa (Japan) Hayato Wakabayashi (Japan) Global Public Relations Office Corporate Finance & IR Group (Tel:

More information

Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014

Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 April 14, 2014 Schindellegi, Switzerland Forward-Looking Statements This presentation contains forward-looking statements. Such statements

More information

Sample Customer Reports

Sample Customer Reports M I C R O S F I D E L I O E U R O P E, A F R I C A A N D T H E M I D D L E E A S T Sample Customer Reports SAMPLE CUSTOMER REPORTS The reports depicted in this document may be provided to Micros-Fidelio

More information

Bond markets vote for global recovery

Bond markets vote for global recovery Bond markets vote for global recovery Weekly Market View 11 May 2015 1 % Euro area recovery, oil rebound lead to bond sell-off German bund yields recovered from record low levels, leading a surge in global

More information

FTIF Templeton Global Bond Fund

FTIF Templeton Global Bond Fund FTIF Templeton Global Bond Fund The STRATEGY Investment Goal FTIF Templeton Global Bond Fund seeks to maximize total return, with a combination of interest income, capital appreciation and currency gains

More information

1. GRANT OF LICENSE. Acunetix Ltd. grants you the following rights provided that you comply with all terms and conditions of this EULA:

1. GRANT OF LICENSE. Acunetix Ltd. grants you the following rights provided that you comply with all terms and conditions of this EULA: Acunetix Web Vulnerability Scanner Licensed Copies: 1 END USER LICENSE AGREEMENT IMPORTANT READ CAREFULLY: This End User License Agreement ("EULA") is a legal agreement between you (either an individual

More information

Third quarter results 2012

Third quarter results 2012 Third quarter results 2012 Highlights Sakhalin-1 GBS completed Technology Center Mongstad project completed Edvard Grieg hook-up and commissioning assistance awarded High tendering activity several tenders

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information

WE RECOMMEND THAT YOU PRINT OUT AND KEEP A COPY OF THIS AGREEMENT FOR YOUR FUTURE REFERENCE.

WE RECOMMEND THAT YOU PRINT OUT AND KEEP A COPY OF THIS AGREEMENT FOR YOUR FUTURE REFERENCE. RAPID CONNECT SERVICES(sm) and SPECIFICATION LICENSE AGREEMENT THIS RAPID CONNECT SERVICES AND SPECIFICATION LICENSE AGREEMENT IS BETWEEN FIRST DATA MERCHANT SERVICES CORPORATION ( FDMS ) FDMS AND YOU,

More information

Rating Methodology by Sector. Electric Power

Rating Methodology by Sector. Electric Power Last updated: April 23, 2015 Rating Methodology by Sector Electric Power 1. Business base Vital to public interest, the electric power industry is regulated and protected by the government in its role

More information

Terms & Conditions. Continued on next page BUSINESS NAME AVISTA ACCOUNT # BUSINESS PHONE CONTACT NAME EMAIL INSTALLATION DATE

Terms & Conditions. Continued on next page BUSINESS NAME AVISTA ACCOUNT # BUSINESS PHONE CONTACT NAME EMAIL INSTALLATION DATE WA Washington Commercial Food Service Equipment Rebate Agreement For more information contact your Avista account executive or Greta Zink, 509-495-4793, greta.zink@avistacorp.com. BUSINESS NAME AVISTA

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Consolidated Financial Review for the Second Quarter Ended September 30, 2014

Consolidated Financial Review for the Second Quarter Ended September 30, 2014 Consolidated Financial Review for the Second Quarter Ended September 30, 2014 TOKYO ELECTRON Oct 29, 2014 Company name: Tokyo Electron Limited URL: http://www.tel.com Telephone number: (03) 5561-7000 Stock

More information

Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results. July 14, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results. July 14, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such

More information

Municipal Aggregation Program FAQs

Municipal Aggregation Program FAQs What is Municipal Aggregation and how can I benefit? Under municipal aggregation, local officials bring the community together for improved group purchasing power. The community benefits by receiving competitively-priced

More information

Hitachi Announces Progress of 2015 Mid-term Management Plan

Hitachi Announces Progress of 2015 Mid-term Management Plan FOR IMMEDIATE RELEASE Hitachi Announces Progress of 2015 Mid-term Management Plan Tokyo, May 14, 2015 --- Hitachi, Ltd. (TSE:6501 / Hitachi ) today announced the current status of its progress of the 2015

More information

Telio & NextGenTel. NextGenTel Holding ASA. Q1 2015 Presentation. Eirik Lunde, CEO. Felix Konferansesenter Oslo 7 May 2015

Telio & NextGenTel. NextGenTel Holding ASA. Q1 2015 Presentation. Eirik Lunde, CEO. Felix Konferansesenter Oslo 7 May 2015 Telio & NextGenTel NextGenTel Holding ASA Q1 215 Presentation Eirik Lunde, CEO Felix Konferansesenter Oslo 7 May 215 This is NextGenTel Group Background Telio Pioneer in the Norwegian VoIP market rapid

More information

Rating Methodology by Sector. Electric Power

Rating Methodology by Sector. Electric Power Last updated: July 13, 2011 Rating Methodology by Sector Electric Power 1. Business base Vital to public interest, the electric power industry is regulated and protected by the government in its role as

More information

Economic Impact of Extending the Section 1603 Treasury Program

Economic Impact of Extending the Section 1603 Treasury Program Economic Impact of Extending the Section 1603 Treasury Program EuPD Research Exclusive Research Services October 12, 2011 Prepared for the Solar Energy Industries Association (SEIA ) Table of Contents

More information

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015 2015 FIRST HALF RESULTS CONFERENCE CALL August 31st, 2015 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns

Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns Martin Senn Chief Executive Officer BoAML 9th Annual Banking & Insurance CEO Conference London, October, 04 Group

More information

pressrelease ROCKET INTERNET PRICES IPO AT TOP OF PRICE RANGE MANILA, Philippines, 2 nd October 2014 - Philippine Long Distance Telephone Company ( PLDT ) (PSE:TEL) (NYSE:PHI), the leading telecoms operator

More information

Hitachi Completes Transfer of Hard Disk Drive Business to Western Digital

Hitachi Completes Transfer of Hard Disk Drive Business to Western Digital FOR IMMEDIATE RELEASE Hitachi Completes Transfer of Hard Disk Drive Business to Western Digital Tokyo, March 9, 2012 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501, Hitachi ) announced that it has completed its

More information

Overview of Rooftop Solar PV Green Bank Financing Model

Overview of Rooftop Solar PV Green Bank Financing Model Overview of Rooftop Solar PV Green Bank Financing Model Sponsored by The Connecticut Clean Energy Finance and Investment Authority and The Coalition for Green Capital Developed by Bob Mudge & Ann Murray,

More information

2 ND QUARTER 2016 RESULTS ANNOUNCEMENT

2 ND QUARTER 2016 RESULTS ANNOUNCEMENT 2 ND QUARTER 2016 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 2 nd Quarter Results 19.07.2016 HIGHLIGHTS FROM THE QUARTER Revenues Gross margin Operating expenses EBITA Cashflow TOMRA Collection TOMRA Sorting

More information

How High Temperature Data Centers and Intel Technologies Decrease Operating Costs

How High Temperature Data Centers and Intel Technologies Decrease Operating Costs Intel Intelligent Management How High Temperature Data Centers and Intel Technologies Decrease Operating Costs and cooling savings through the use of Intel s Platforms and Intelligent Management features

More information

Global Investor Forum 2008

Global Investor Forum 2008 Global Investor Forum 2008 Airbus Financial Workshop Seville, 17 th / 18 th January 2008 1 Safe Harbor Statement Certain of the statements contained in this document are not historical facts but rather

More information

Global Investments Limited. FY2014 Financial Results

Global Investments Limited. FY2014 Financial Results Global Investments Limited FY2014 Financial Results DISCLAIMER Information contained in this presentation is intended solely for your personal reference and is strictly confidential. Such information is

More information

THOMSON REUTERS (TAX & ACCOUNTING) INC. FOREIGN NATIONAL INFORMATION SYSTEM TERMS OF USE

THOMSON REUTERS (TAX & ACCOUNTING) INC. FOREIGN NATIONAL INFORMATION SYSTEM TERMS OF USE THOMSON REUTERS (TAX & ACCOUNTING) INC. FOREIGN NATIONAL INFORMATION SYSTEM TERMS OF USE 1. License and Permitted Use The Foreign National Information System (FNIS) is licensed, not sold. Subject to the

More information

Are we living in a Bond Bubble? Oliver Sinnott Fixed Income Strategist April 2014

Are we living in a Bond Bubble? Oliver Sinnott Fixed Income Strategist April 2014 Are we living in a Bond Bubble? Oliver Sinnott Fixed Income Strategist April 2014 Global Financial Crisis saw debt levels soar to highest since WWII Governments were too highly indebted to significantly

More information

Clime Capital Limited (CAM)

Clime Capital Limited (CAM) Clime Capital Limited (CAM) Listed Managed Investments September 2012 Quarterly Review WHO IS IIR? Independent Investment Research Pty Ltd, IIR is an independent investment research house in Australia.

More information

H1 2014 LEVELISED COST OF ELECTRICITY - PV

H1 2014 LEVELISED COST OF ELECTRICITY - PV H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3

More information

BROCADE COMMUNICATIONS SYSTEMS, INC. END USER SOFTWARE LICENSE AGREEMENT FOR BROCADE IP ANALYTICS PACK FOR VMWARE VREALIZE OPERATIONS

BROCADE COMMUNICATIONS SYSTEMS, INC. END USER SOFTWARE LICENSE AGREEMENT FOR BROCADE IP ANALYTICS PACK FOR VMWARE VREALIZE OPERATIONS BROCADE COMMUNICATIONS SYSTEMS, INC. END USER SOFTWARE LICENSE AGREEMENT FOR BROCADE IP ANALYTICS PACK FOR VMWARE VREALIZE OPERATIONS IMPORTANT: READ THIS CAREFULLY BEFORE INSTALLING, USING OR ELECTRONICALLY

More information

Design the future. Second quarter results 2015. Detlef Borghardt, CEO Wilfried Trepels, CFO. August 06, 2015

Design the future. Second quarter results 2015. Detlef Borghardt, CEO Wilfried Trepels, CFO. August 06, 2015 Design the future Second quarter results 215 Detlef Borghardt, CEO Wilfried Trepels, CFO August 6, 215 Agenda 1 Market Development 3 2 Financial information 5 3 Outlook 17 2 Truck and trailer market development

More information

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM REC SOLAR ASA INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM Page 2 of 9 CONTENTS Letter of recommendation from the Chairman of REC Solar ASA Page 3 Explanation of the

More information

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 Medistim ASA First Quarter 2016 Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 2 Disclaimer The information included in this Presentation contains certain forward-looking statements

More information

Second Quarter Results of Operations

Second Quarter Results of Operations PRESS RELEASE Besi Posts Strong Q2 and H1-15 Results. Significant Expansion of Net Cash Position vs. 14 Duiven, the Netherlands, July 23, - BE Semiconductor Industries N.V. (the Company" or "Besi") (Euronext

More information

ING (US) ISSUANCE LLC REGISTRATION DOCUMENT

ING (US) ISSUANCE LLC REGISTRATION DOCUMENT Dated 15 May 2009 ING (US) ISSUANCE LLC REGISTRATION DOCUMENT Table of Contents Page INTRODUCTION... 1 DOCUMENTS INCORPORATED BY REFERENCE... 3 RISK FACTORS... 4 DESCRIPTION OF ING (US) ISSUANCE LLC....

More information

MAGNAVIEW SOFTWARE SUPPORT & MAINTENANCE. TERMS & CONDITIONS September 3, 2015 version

MAGNAVIEW SOFTWARE SUPPORT & MAINTENANCE. TERMS & CONDITIONS September 3, 2015 version MAGNAVIEW SOFTWARE SUPPORT & MAINTENANCE TERMS & CONDITIONS September 3, 2015 version DEFINITIONS Agreement means (i) these Software Support & Maintenance Terms & Conditions, (ii) any exhibits and amendments

More information

COMPLIANCE WITH LAWS, CODES, AND STANDARDS

COMPLIANCE WITH LAWS, CODES, AND STANDARDS All products furnished by Jinan Meide Casting Co. Ltd, shall be in accordance with the following terms and conditions unless otherwise agreed to in writing: ACCEPTANCE AND COMPLETE AGREEMENT Buyer s order

More information

KONG SUN HOLDINGS LIMITED

KONG SUN HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

RockWare Click-Wrap Software License Agreement ( License )

RockWare Click-Wrap Software License Agreement ( License ) RockWare, Inc. ( RockWare ) 2221 East Street, Suite 101 Golden CO 80401 USA RockWare Click-Wrap Software License Agreement ( License ) IMPORTANT - READ ALL OF THE TERMS AND CONDITIONS IN THIS LICENSE CAREFULLY

More information

A Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division

A Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division A Guide For Preparing The Financial Information Component Of An Asset Management Plan Licensing, Monitoring and Customer Protection Division July 2006 Contents 1 Important Notice 2 2 Scope and purpose

More information

Statement of Work. for. Online Event Registration Product Deployment for Salesforce Implementation. for. Open Web Application Security Project (OWASP)

Statement of Work. for. Online Event Registration Product Deployment for Salesforce Implementation. for. Open Web Application Security Project (OWASP) Statement of Work for Online Event Registration Product Deployment for Salesforce Implementation for Open Web Application Security Project (OWASP) July 9, 2010 TABLE OF CONTENTS INTRODUCTION... 3 SCOPE...

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Additional Terms and Conditions of Use for KIA Digital Website Assistant Service

Additional Terms and Conditions of Use for KIA Digital Website Assistant Service Additional Terms and Conditions of Use for KIA Digital Website Assistant Service IMPORTANT - READ CAREFULLY: These Additional Terms and Conditions of Use for the KIA Digital Website Assistant Service (these

More information

I have to say that I would prefer to be addressing you in different circumstances given the announcements we made just over a week ago.

I have to say that I would prefer to be addressing you in different circumstances given the announcements we made just over a week ago. 20th Annual Banking, Insurance & Diversified Financials CEO Conference Remarks by Martin Senn, Chief Executive Officer of Zurich Insurance Group September 29, 2015, London Slide 1: Title Slide I have to

More information

Update following the publication of the Bank of England Stress Test. 16 December 2014

Update following the publication of the Bank of England Stress Test. 16 December 2014 Update following the publication of the Bank of England Stress Test 16 December 2014 Background Top 8 Banks Resilience Stress Tested by PRA following FPC recommendation in March 2013 Guidance for stress

More information

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6 2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216

More information

Rating Action: Moody's assigns Aaa.br rating to Duke's BRL479 million debentures; outlook stable

Rating Action: Moody's assigns Aaa.br rating to Duke's BRL479 million debentures; outlook stable Rating Action: Moody's assigns Aaa.br rating to Duke's BRL479 million debentures; outlook stable Global Credit Research - 11 Apr 2014 Approximately BRL1.1 billion of debt instruments affected Sao Paulo,

More information

JB Certificates and Warrants on Interest Rates in EUR, USD and CHF

JB Certificates and Warrants on Interest Rates in EUR, USD and CHF JB Certificates and Warrants on Interest Rates in EUR, USD and CHF Efficient instruments to hedge bonds, mortgages and lombard loans against rising interest rates Zurich, 2013 Content Table Embedded risks

More information

It is concerned with decisions relating to current assets and current liabilities

It is concerned with decisions relating to current assets and current liabilities It is concerned with decisions relating to current assets and current liabilities Best Buy Co, NA s largest consumer electronics retailer, has performed extremely well over the past decade. Its stock sold

More information

pv crystalox solar plc

pv crystalox solar plc the key to solar power About PV Crystalox Solar Group, initially established in 1982, is a highly specialised supplier to the world s leading solar cell manufacturers, producing multicrystalline silicon

More information

INVESTING IN A TRANSITIONING SECTOR

INVESTING IN A TRANSITIONING SECTOR INVESTING IN A TRANSITIONING SECTOR Eurelectric conference Jon Moore, CEO NEW INVESTMENT IN CLEAN ENERGY 24-14 ($BN) 32% 17% $318bn -7% $294bn 16% -9% $31bn.5% $272bn $268bn 17% 46% 36% $175bn $25bn $26bn

More information

Rating Action: Moody's changes Nexteer's Ba1 ratings outlook to positive Global Credit Research - 24 Nov 2015

Rating Action: Moody's changes Nexteer's Ba1 ratings outlook to positive Global Credit Research - 24 Nov 2015 Rating Action: Moody's changes Nexteer's Ba1 ratings outlook to positive Global Credit Research - 24 Nov 2015 Hong Kong, November 24, 2015 -- Moody's Investors Service has changed to positive from stable

More information

Wacker Chemie AG Conference Call Q3 2015

Wacker Chemie AG Conference Call Q3 2015 Wacker Chemie AG Conference Call Q3 2015 October 29 th, 2015 Dr Rauhut, CFO Dr Ohler, Member of the Executive Board Hoffmann, IR Page 1 of 8. Hoffmann: Welcome to the Q3 2015 conference call on Wacker

More information

ANNOUNCEMENT OF FINANCIAL RESULTS

ANNOUNCEMENT OF FINANCIAL RESULTS FOR IMMEDIATE RELEASE Media Contacts: Investor Relations Contacts: February 3, 2015 Megumi Kitagawa (Japan) Yukie Takakuwa (Japan) Public Relations Group Disclosure & Investor Relations Office (Tel: +81-3-3574-5664)

More information

Chambers Bank Business Internet Banking Agreement

Chambers Bank Business Internet Banking Agreement Chambers Bank Business Internet Banking Agreement 1. INTRODUCTION. Chambers Bank Business Online Banking is a banking and information service that allows its Business Banking clients, via the Internet,

More information

NewWave GBP Currency ETN

NewWave GBP Currency ETN Price Corporate and Investment Banking NewWave GBP Currency ETN Valuation Date 31 December 2015 NewWave Exchange Traded Notes (ETNs) constitute unconditional, unsecured and unsubordinated obligations of

More information

Aluminum Sheet Outlook in Auto. Randall Scheps Alcoa

Aluminum Sheet Outlook in Auto. Randall Scheps Alcoa Aluminum Sheet Outlook in Auto Randall Scheps Alcoa 1.14.2014 1 Cautionary Statement Cautionary Statement Forward-Looking Statements This presentation contains statements that relate to future events and

More information

XING Q1 2012 results presentation. May 14, 2012

XING Q1 2012 results presentation. May 14, 2012 XING Q1 2012 results presentation May 14, 2012 Disclaimer This presentation was produced in April 2012 by XING AG (the "Company") solely for use as an information source for potential business partners

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

SMA Solar Technology AG Analyst / Investor Presentation Quarterly Financial Report January to September 2008

SMA Solar Technology AG Analyst / Investor Presentation Quarterly Financial Report January to September 2008 SMA Solar Technology AG Analyst / Investor Presentation Quarterly Financial Report January to September 2008 November 14, 2008 2 Disclaimer IMPORTANT LEGAL NOTICE This presentation does not constitute

More information

Hitachi Announces 2018 Mid-term Management Plan

Hitachi Announces 2018 Mid-term Management Plan FOR IMMEDIATE RELEASE Hitachi Announces 2018 Mid-term Management Plan Tokyo, May 18, 2016 --- Hitachi, Ltd. (TSE:6501) today announced that it has formulated a management plan 2018 Mid-term Management

More information

EmoeHost agrees to provide to Client the Services agreed upon between EmoeHost and Client as selected by Client at www.emoehostmaine.com.

EmoeHost agrees to provide to Client the Services agreed upon between EmoeHost and Client as selected by Client at www.emoehostmaine.com. EmoeHost Service Agreement 1. Site Services EmoeHost agrees to provide to Client the Services agreed upon between EmoeHost and Client as selected by Client at www.emoehostmaine.com. 2. Payment & Invoicing

More information

Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014

Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014 Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014 Disclaimer The information contained in this presentation ( Presentation ) has been prepared by Firestone Diamonds plc (the

More information

There is 0 STOXX 600 companies with quarterly estimates expected to report Q2 2015 earnings during the week of September 28. 9/3 8/20 8/27 8/6 8/13

There is 0 STOXX 600 companies with quarterly estimates expected to report Q2 2015 earnings during the week of September 28. 9/3 8/20 8/27 8/6 8/13 PROPRIETARY RESEARCH EARNINGS AGGREGATES REPORTING ANALYST: Greg Harrison September 24, EUROPEAN AGGREGATE ESTIMATES AND REVISIONS Second quarter earnings are expected to grow 6.8% from Q2 2014. Second

More information

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion*

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion* Ford Credit Earns Full-Year Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion* DEARBORN, Mich., Jan. 29, 2015 Ford Motor Credit Company reported a pre-tax profit of $1.9 billion in, its highest

More information

Web Site Hosting Service Agreement

Web Site Hosting Service Agreement Web Site Hosting Service Agreement Updated April, 2015 The following agreement is between Softext Publishing Inc. ( SOFTEXT ) of 954 1st Ave West, Owen Sound ON, Canada and You ( Client ). WHEREAS, SOFTEXT

More information

W.E. Donoghue Power Dividend Index SM (PWRDX)

W.E. Donoghue Power Dividend Index SM (PWRDX) W.E. Donoghue Power Dividend Index SM (PWRDX) A Tactical Dividend Strategy for Today s Low Yield World For more information call: 800 642-4276 *Source: CNBC.com PWRDXTR vs S&P Total Return Index 6/25/2002

More information