Agilent Technologies

-14.01%

More reviews (1)

Live  

Agilent Technologies is a global technology company that provides analytical instruments, software, services, and consumables for the life sciences, diagnostics, and applied chemical markets. The company was founded in 1999 as a spin-off from Hewlett-Packard and is headquartered in Santa Clara, California.
Agilent's main focus areas include genomics, proteomics, metabolomics, drug discovery, environmental and food safety testing, as well as clinical and research diagnostics. The company's product portfolio includes laboratory equipment, including sample preparation and processing instruments, lab automation systems, and bioinformatics solutions.
Agilent is also recognized as a leader in analytical technologies, including chromatography, mass spectrometry, atomic and molecular spectroscopy, and laboratory informatics. The company's instruments are used by researchers, scientists, and technicians in a wide range of industries, including pharmaceuticals, biotechnology, food and beverage, chemical and energy, academic and government research, and clinical laboratories.
Agilent also offers a suite of services to support its instrumentation and lab equipment, including maintenance, repair, software upgrades, and training programs. In addition to its products and services, the company is committed to sustainability and has implemented environmental, social, and governance practices throughout its global operations.
Overall, Agilent Technologies is dedicated to advancing the science and technology that enable its customers to address some of the world's most pressing challenges in healthcare, energy, and the environment.

QWdpbGVudC BUZWNobm9s b2dpZXMgaX MgYSBjb21w YW55IHRoYX QgbWFrZXMg c3BlY2lhbC B0b29scyBh bmQgbWFjaG luZXMgdGhh dCBoZWxwIH NjaWVudGlz dHMgYW5kIH Jlc2VhcmNo ZXJzIHdvcm sgd2l0aCBj aGVtaWNhbH MgYW5kIG90 aGVyIG1hdG VyaWFscy4g VGhpbmsgb2 YgaXQgbGlr ZSBhIGJpZy B0b29sYm94 IGZvciBwZW 9wbGUgd2hv IHN0dWR5IG hvdyB0aGlu Z3MgYXJlIG 1hZGUgYW5k IGhvdyB0aG V5IHdvcmsu IFRoaXMgY2 FuIGJlIHJl YWxseSBpbX BvcnRhbnQg Zm9yIHRoaW 5ncyBsaWtl IG1lZGljaW 5lLCBmb29k LCBhbmQgdG hlIGVudmly b25tZW50Lj xicj5BZ2ls ZW50IG1ha2 VzIG1vbmV5 IGJ5IHNlbG xpbmcgdGhl c2UgdG9vbH MgYW5kIG1h Y2hpbmVzLC BhcyB3ZWxs IGFzIHNvZn R3YXJlIHRo YXQgaGVscH MgcGVvcGxl IGFuYWx5em UgYW5kIHVu ZGVyc3Rhbm QgdGhlIGRh dGEgdGhleS Bjb2xsZWN0 LiBUaGV5IG Fsc28gb2Zm ZXIgc2Vydm ljZXMgZm9y IHJlcGFpcm luZyBhbmQg bWFpbnRhaW 5pbmcgdGhl aXIgZXF1aX BtZW50LCB3 aGljaCBnaX ZlcyB0aGVt IG1vcmUgd2 F5cyB0byBl YXJuIG1vbm V5LiA8YnI+ VGhlIGNvbX BhbnkgaXMg c3VjY2Vzc2 Z1bCBiZWNh dXNlIGl0IG hlbHBzIHNj aWVudGlzdH MgZG8gdGhl aXIgam9icy BiZXR0ZXIg YW5kIGZhc3 Rlci4gQXMg bG9uZyBhcy BwZW9wbGUg bmVlZCB0by BleHBsb3Jl LCB1bmRlcn N0YW5kLCBh bmQgaW1wcm 92ZSB0aGUg dGhpbmdzIG Fyb3VuZCB1 cywgQWdpbG VudCB3aWxs IGJlIGltcG 9ydGFudC4g SW4gdGhlIG Z1dHVyZSwg dGhlcmUgd2 lsbCBiZSBl dmVuIG1vcm UgbmVlZCBm b3Igc21hcn QgdG9vbHMg YW5kIHRlY2 hub2xvZ3kg aW4gaGVhbH RoY2FyZSwg ZW52aXJvbm 1lbnRhbCBw cm90ZWN0aW 9uLCBhbmQg b3RoZXIgYX JlYXMsIHNv IEFnaWxlbn QgaXMgbGlr ZWx5IHRvIG tlZXAgYmVp bmcgc3VjY2 Vzc2Z1bC4g PGJyPkluIH Nob3J0LCBB Z2lsZW50IG hlbHBzIGV4 cGVydHMgd2 9yayB3aXRo IHNjaWVuY2 UgYW5kIHRl Y2hub2xvZ3 ksIG1ha2Vz IG1vbmV5IG J5IHNlbGxp bmcgdG9vbH MgYW5kIHNl cnZpY2VzLC BhbmQgaXMg bGlrZWx5IH RvIGtlZXAg ZG9pbmcgd2 VsbCBiZWNh dXNlIHRoZX JlIHdpbGwg YWx3YXlzIG JlIG5ldyB0 aGluZ3MgZm 9yIHNjaWVu dGlzdHMgdG 8gZGlzY292 ZXIuPGJyPg ==

MS4gSW5kdX N0cnkgTGVh ZGVyOiBBZ2 lsZW50IFRl Y2hub2xvZ2 llcyBpcyBh IGxlYWRlci BpbiB0aGUg ZWxlY3Ryb2 5pYyBtZWFz dXJlbWVudC BhbmQgY2hl bWljYWwgYW 5hbHlzaXMg aW5kdXN0cm llcyB3aXRo IGEgZ2xvYm FsIHByZXNl bmNlIGluIG 92ZXIgMTAw IGNvdW50cm llcy48YnI+ Mi4gV2lkZS BSYW5nZSBv ZiBQcm9kdW N0czogVGhl IGNvbXBhbn kgb2ZmZXJz IGEgd2lkZS ByYW5nZSBv ZiBpbm5vdm F0aXZlIHBy b2R1Y3RzLC BzZXJ2aWNl cywgYW5kIH NvbHV0aW9u cyBpbiBhcm VhcyBzdWNo IGFzIGxpZm Ugc2NpZW5j ZXMsIGNoZW 1pY2FsIGFu YWx5c2lzLC BkaWFnbm9z dGljcywgYW 5kIGVsZWN0 cm9uaWMgbW Vhc3VyZW1l bnQuPGJyPj MuIEN1dHRp bmctZWRnZS BUZWNobm9s b2d5OiBBZ2 lsZW50IGlz IGtub3duIG ZvciBpdHMg aGlnaC1xdW FsaXR5IGFu ZCBhZHZhbm NlZCB0ZWNo bm9sb2d5IH VzZWQgaW4g dGhlaXIgcH JvZHVjdHMs IHN1Y2ggYX MgbGlxdWlk IGNocm9tYX RvZ3JhcGh5 LCBtYXNzIH NwZWN0cm9t ZXRyeSwgYW 5kIG1pY3Jv YXJyYXlzLj xicj40LiBG b2N1cyBvbi BSZXNlYXJj aCBhbmQgRG V2ZWxvcG1l bnQ6IFRoZS Bjb21wYW55 IGhlYXZpbH kgaW52ZXN0 cyBpbiByZX NlYXJjaCBh bmQgZGV2ZW xvcG1lbnQg dG8gY29udG ludW91c2x5 IGltcHJvdm UgYW5kIGlu bm92YXRlIH RoZWlyIHBy b2R1Y3RzLC BzdGF5aW5n IGF0IHRoZS Bmb3JlZnJv bnQgb2YgdG hlaXIgaW5k dXN0cmllcy 48YnI+NS4g U3Ryb25nIF JlcHV0YXRp b246IEFnaW xlbnQgaGFz IGEgc3Ryb2 5nIHJlcHV0 YXRpb24gZm 9yIHJlbGlh YmlsaXR5LC BhY2N1cmFj eSwgYW5kIG N1c3RvbWVy IHN1cHBvcn QsIG1ha2lu ZyB0aGVtIG EgcHJlZmVy cmVkIGNob2 ljZSBmb3Ig bWFueSBjdX N0b21lcnMg aW4gdmFyaW 91cyBpbmR1 c3RyaWVzLj xicj42LiBT dXN0YWluYW JpbGl0eTog VGhlIGNvbX BhbnkgaXMg Y29tbWl0dG VkIHRvIHN1 c3RhaW5hYm lsaXR5IGFu ZCBoYXMgdm FyaW91cyBp bml0aWF0aX ZlcyBpbiBw bGFjZSB0by ByZWR1Y2Ug dGhlaXIgZW 52aXJvbm1l bnRhbCBpbX BhY3QgYW5k IHByb21vdG Ugc29jaWFs IHJlc3Bvbn NpYmlsaXR5 Ljxicj43Li BXZWxsLUVz dGFibGlzaG VkIEhpc3Rv cnk6IEFnaW xlbnQgVGVj aG5vbG9naW VzIHdhcyBv cmlnaW5hbG x5IHBhcnQg b2YgSGV3bG V0dC1QYWNr YXJkIGFuZC BoYXMgYmVl biBpbiBleG lzdGVuY2Ug Zm9yIG92ZX IgMjAgeWVh cnMsIGdpdm luZyB0aGVt IGEgc29saW QgZm91bmRh dGlvbiBhbm QgZXhwZXJp ZW5jZSBpbi B0aGVpciBp bmR1c3RyaW VzLjxicj44 LiBEaXZlcn NlIEN1c3Rv bWVyIEJhc2 U6IFRoZSBj b21wYW55IH NlcnZlcyBh IGRpdmVyc2 UgY3VzdG9t ZXIgYmFzZS wgZnJvbSBz bWFsbCBzdG FydHVwcyB0 byBsYXJnZS Bjb3Jwb3Jh dGlvbnMgYW 5kIGdvdmVy bm1lbnQgYW dlbmNpZXMs IHNob3djYX NpbmcgdGhl aXIgYWJpbG l0eSB0byB0 YWlsb3Igc2 9sdXRpb25z IHRvIGRpZm ZlcmVudCBu ZWVkcy48Yn I+OS4gR2xv YmFsIFJlYW NoOiBBZ2ls ZW50IGhhcy BhIGdsb2Jh bCByZWFjaC B3aXRoIGEg c3Ryb25nIH ByZXNlbmNl IGluIGVtZX JnaW5nIG1h cmtldHMsIG V4cGFuZGlu ZyB0aGVpci ByZWFjaCBh bmQgaW1wYW N0Ljxicj4x MC4gQ29udG ludW91cyBH cm93dGg6IE Rlc3BpdGUg YmVpbmcgYS B3ZWxsLWVz dGFibGlzaG VkIGNvbXBh bnksIEFnaW xlbnQgY29u dGludWVzIH RvIGdyb3cg Ym90aCBvcm dhbmljYWxs eSBhbmQgdG hyb3VnaCBh Y3F1aXNpdG lvbnMsIGV4 cGFuZGluZy B0aGVpciBw b3J0Zm9saW 8gYW5kIGNh cGFiaWxpdG llcy4=

VGhlIEFnaW xlbnQgVGVj aG5vbG9naW VzIGNvbXBh bnkncyBidX NpbmVzcyBt b2RlbCBpcy Bmb2N1c2Vk IG9uIHByb3 ZpZGluZyBh bmFseXRpY2 FsIGluc3Ry dW1lbnRzLC Bzb2Z0d2Fy ZSwgc2Vydm ljZXMsIGFu ZCBjb25zdW 1hYmxlcyBm b3IgdGhlIG xpZmUgc2Np ZW5jZXMsIG RpYWdub3N0 aWNzLCBhbm QgYXBwbGll ZCBjaGVtaW NhbCBtYXJr ZXRzLiBUaG V5IGFsc28g b2ZmZXIgc2 9sdXRpb25z IGZvciBlbn Zpcm9ubWVu dGFsIGFuZC Bmb3JlbnNp Y3MgdGVzdG luZywgZm9v ZCBzYWZldH ksIGFuZCBl bmVyZ3kgYW 5kIHBldHJv Y2hlbWljYW wgaW5kdXN0 cmllcy4gVG hlaXIgYnVz aW5lc3Mgc3 RyYXRlZ3kg aW5jbHVkZX MgZGl2ZXJz aWZ5aW5nIH RoZWlyIHBy b2R1Y3QgcG 9ydGZvbGlv LCBpbnZlc3 RpbmcgaW4g cmVzZWFyY2 ggYW5kIGRl dmVsb3BtZW 50LCBhbmQg ZXhwYW5kaW 5nIHRoZWly IGdsb2JhbC BwcmVzZW5j ZSB0aHJvdW doIGFjcXVp c2l0aW9ucy BhbmQgcGFy dG5lcnNoaX BzLiBUaGV5 IGFpbSB0by Bwcm92aWRl IGlubm92YX RpdmUgYW5k IGhpZ2gtcX VhbGl0eSBz b2x1dGlvbn MgZm9yIHRo ZWlyIGN1c3 RvbWVycywg ZHJpdmUgZ3 Jvd3RoIHRo cm91Z2ggdG VjaG5vbG9n eSBsZWFkZX JzaGlwLCBh bmQgY3JlYX RlIHZhbHVl IGZvciB0aG VpciBzaGFy ZWhvbGRlcn Mu

AI can potentially impact Agilent Technologies in several ways, including substitution, disintermediation, and margin pressure.
1. Substitution: AI technologies may provide alternative solutions for some of the applications that Agilent’s products address. For example, AI-based analytical tools could automate certain laboratory processes or improve data analysis in ways that reduce the need for traditional instruments. If AI solutions deliver comparable or superior results, this could lead to a decrease in demand for Agilent’s existing products.
2. Disintermediation: As AI technologies develop, there may be a trend toward direct access to information and analysis without the need for intermediary products. For instance, researchers and labs could utilize AI algorithms for data interpretation that traditionally relied on Agilent’s diagnostic tools. If customers can bypass Agilent’s offerings, it could disrupt the company’s sales model.
3. Margin Pressure: The introduction of AI-powered solutions may lead to increased competition, particularly if competitors develop AI features that enhance their products or offer lower-cost alternatives. Agilent may face pressure to reduce prices or invest in better features to maintain market share, which could impact profit margins.
Overall, while AI presents opportunities for innovation and enhancement of Agilent’s offerings, it also carries risks that could affect the company’s products, services, or competitive positioning in the market. Agilent will need to adapt and potentially integrate AI technologies to stay competitive and mitigate these risks.

The sensitivity of Agilent Technologies’ earnings, cash flow, and valuation to changes in interest rates can be analyzed from several perspectives:
1. Earnings Sensitivity: Changes in interest rates can affect Agilent’s earnings primarily through their impact on borrowing costs. If interest rates rise, the cost of servicing existing debt can increase, potentially reducing net income. Conversely, lower interest rates can decrease borrowing costs, positively affecting earnings. Additionally, interest rates can influence consumer and business spending, impacting demand for Agilent’s products and services.
2. Cash Flow Sensitivity: Interest rates directly impact cash flow, especially for companies with significant debt. As interest rates rise, cash outflows for interest payments increase, which can constrain cash available for operations, investments, or returning value to shareholders. Fluctuating rates may also affect the company’s investment decisions, as higher rates could lead to tighter capital spending and influence cash flow projections.
3. Valuation Sensitivity: Valuation models, such as discounted cash flow (DCF), are sensitive to interest rates since the discount rate used to value future cash flows typically includes a risk-free rate that is influenced by prevailing interest rates. Higher interest rates generally lead to a higher discount rate, which can reduce the present value of future cash flows and, consequently, the overall valuation of the company. A lower interest rate environment tends to have the opposite effect, often resulting in higher valuations.
In summary, Agilent Technologies is likely to experience varying degrees of sensitivity in its earnings, cash flows, and valuation in response to changes in interest rates, primarily through impacts on debt servicing costs, consumer demand, and valuation discount rates. The specific degree of sensitivity can depend on the company’s capital structure, operational leverage, and overall economic conditions.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgQW dpbGVudCBU ZWNobm9sb2 dpZXPigJkg ZWNvbm9taW NzIG92ZXIg dGhlIG5leH QgM+KAkzUg eWVhcnMgaX MgYSBzaWdu aWZpY2FudC BhbmQgc3Vz dGFpbmVkIG RlY2xpbmUg aW4gZGVtYW 5kIGZvciBp dHMgY29yZS Bwcm9kdWN0 cyBhbmQgc2 VydmljZXMg ZHVlIHRvIH NldmVyYWwg ZmFjdG9ycy 4gVGhlc2Ug bWF5IGluY2 x1ZGU6PGJy PjEuIDxzdH Jvbmc+TWFy a2V0IERpc3 J1cHRpb24g ZnJvbSBFbW VyZ2luZyBU ZWNobm9sb2 dpZXM8L3N0 cm9uZz46IF JhcGlkIGFk dmFuY2VtZW 50cyBpbiBh bHRlcm5hdG l2ZSBhbmFs eXRpY2FsIH RlY2hub2xv Z2llcywgc3 VjaCBhcyBt aW5pYXR1cm l6ZWQgc2Vu c29ycyBvci BkZWNlbnRy YWxpemVkIG RpYWdub3N0 aWMgZGV2aW NlcywgY291 bGQgc2lnbm lmaWNhbnRs eSB1bmRlcm N1dCBkZW1h bmQgZm9yIH RyYWRpdGlv bmFsIGxhYi BpbnN0cnVt ZW50cyBhbm Qgc2Vydmlj ZXMgdGhhdC BBZ2lsZW50 IHByb3ZpZG VzLiBJZiBj b21wZXRpdG 9ycyBzdWNj ZXNzZnVsbH kgZGV2ZWxv cCBtb3JlIG Nvc3QtZWZm ZWN0aXZlIG FuZCBpbm5v dmF0aXZlIH NvbHV0aW9u cyB0aGF0IG NhcHR1cmUg bWFya2V0IH NoYXJlLCBB Z2lsZW504o CZcyByZXZl bnVlcyBmcm 9tIGl0cyBz ZWdtZW50cy BtaWdodCBk ZWNsaW5lIH NoYXJwbHku IDxicj4yLi A8c3Ryb25n PkRlY3JlYX NlZCBSJmFt cDtEIFNwZW 5kaW5nIGJ5 IEtleSBDdX N0b21lcnM8 L3N0cm9uZz 46IElmIGtl eSBzZWN0b3 JzIGxpa2Ug cGhhcm1hY2 V1dGljYWxz LCBiaW90ZW Nobm9sb2d5 LCBhbmQgZW 52aXJvbm1l bnRhbCB0ZX N0aW5nIGZh Y2UgYnVkZ2 V0IGNvbnN0 cmFpbnRzIG 9yIHNoaWZ0 cyBpbiBmdW 5kaW5nIHBy aW9yaXRpZX MgKGZvciBp bnN0YW5jZS wgZHVlIHRv IHJlZ3VsYX RvcnkgY2hh bmdlcyBvci BlY29ub21p YyBkb3dudH VybnMpLCBB Z2lsZW50IG 1pZ2h0IHNl ZSBhIHN1Yn N0YW50aWFs IGRlY2xpbm UgaW4gb3Jk ZXJzIGZvci BpdHMgbGFi b3JhdG9yeS BpbnN0cnVt ZW50cyBhbm QgY29uc3Vt YWJsZXMuPG JyPjMuIDxz dHJvbmc+U3 VwcGx5IENo YWluIERpc3 J1cHRpb25z PC9zdHJvbm c+OiBQZXJz aXN0ZW50IH N1cHBseSBj aGFpbiBpc3 N1ZXMsIHdo ZXRoZXIgZH VlIHRvIGdl b3BvbGl0aW NhbCB0ZW5z aW9ucywgdH JhZGUgcmVz dHJpY3Rpb2 5zLCBvciBn bG9iYWwgY3 Jpc2VzIChl LmcuLCBwYW 5kZW1pY3Mp LCBjYW4gbG VhZCB0byBp bmNyZWFzZW QgY29zdHMg Zm9yIHJhdy BtYXRlcmlh bHMgYW5kIG NvbXBvbmVu dHMuIElmIE FnaWxlbnQg ZmFpbHMgdG 8gbWl0aWdh dGUgdGhlc2 UgZGlzcnVw dGlvbnMsIG l0IGNvdWxk IHNlZSBtYX JnaW5zIGRl Y2xpbmUgYX MgcHJvZHVj dGlvbiBjb3 N0cyByaXNl LCBhbmQgaX RzIGFiaWxp dHkgdG8gZn VsZmlsbCBv cmRlcnMgZG ltaW5pc2hl cy48YnI+U2 hvdWxkIHRo aXMgc2Nlbm FyaW8gcGxh eSBvdXQsIE FnaWxlbnTi gJlzIGZpbm FuY2lhbCBt ZXRyaWNzIH dvdWxkIGxp a2VseSBiZS BuZWdhdGl2 ZWx5IGltcG FjdGVkIGFz IGZvbGxvd3 M6PGJyPi0g PHN0cm9uZz 5NYXJnaW5z PC9zdHJvbm c+OiBUaGUg Y29tcGFuee KAmXMgcHJv Zml0IG1hcm dpbnMgY291 bGQgc2hyaW 5rIHNpZ25p ZmljYW50bH kgZHVlIHRv IHJpc2luZy Bjb3N0cyBh bmQgZGVjbG luaW5nIHJl dmVudWVzLi BJZiBvcGVy YXRpbmcgZX hwZW5zZXMg cmVtYWluIG NvbnN0YW50 IG9yIGluY3 JlYXNlIGR1 ZSB0byBpbm ZsYXRpb24g YW5kIHN1cH BseSBjaGFp biBpc3N1ZX Mgd2hpbGUg cmV2ZW51ZS BkZWNyZWFz ZXMsIHRoZS Bncm9zcyBh bmQgb3Blcm F0aW5nIG1h cmdpbnMgd2 91bGQgc3Vm ZmVyLCBwb3 RlbnRpYWxs eSBmYWxsaW 5nIGJlbG93 IGluZHVzdH J5IGF2ZXJh Z2VzLjxicj 4tIDxzdHJv bmc+Q2FzaC BGbG93PC9z dHJvbmc+Oi BBIGRlY2xp bmUgaW4gcm V2ZW51ZSB3 b3VsZCBsZW FkIHRvIGxv d2VyIG9wZX JhdGluZyBj YXNoIGZsb3 dzLiBJZiBB Z2lsZW50IG NvbnRpbnVl cyB0byBpbm N1ciBoaWdo IGZpeGVkIG Nvc3RzIHdo aWxlIHJldm VudWUgZHJv cHMsIGl0IH J1bnMgdGhl IHJpc2sgb2 YgZ2VuZXJh dGluZyBuZW dhdGl2ZSBj YXNoIGZsb3 cuIEluIGEg cHJvbG9uZ2 VkIHNjZW5h cmlvLCBpdC BtYXkgZXZl biBoYXZlIH RvIHJlc29y dCB0byBkZW J0IGZpbmFu Y2luZyB0by BtZWV0IG9w ZXJhdGlvbm FsIG5lZWRz LCBmdXJ0aG VyIGFmZmVj dGluZyBpdH MgZmluYW5j aWFsIHN0YW JpbGl0eS48 YnI+LSA8c3 Ryb25nPkJh bGFuY2UgU2 hlZXQ8L3N0 cm9uZz46IE 92ZXIgdGlt ZSwgYSBwZX JzaXN0ZW50 IGRlY2xpbm UgaW4gZGVt YW5kIGFuZC BjYXNoIGZs b3cgaXNzdW VzIGNvdWxk IHdlYWtlbi BBZ2lsZW50 4oCZcyBiYW xhbmNlIHNo ZWV0LiBUaG UgY29tcGFu eSBtYXkgc2 VlIGEgcmlz ZSBpbiBkZW J0IGxldmVs cyBpZiBpdC B0cmllcyB0 byBmaW5hbm NlIG9wZXJh dGlvbnMgYW 1pZCByZWR1 Y2VkIGNhc2 ggZmxvdy4g QWRkaXRpb2 5hbGx5LCB0 aGUgZGVjbG luZSBpbiBy ZXZlbnVlIG 1pZ2h0IGxl YWQgdG8gcm VkdWNlZCBp bnZlbnRvcn kgdHVybm92 ZXIgYW5kIG FuIGluY3Jl YXNlIGluIG 9ic29sZXRl IGludmVudG 9yeSwgbmVn YXRpdmVseS BpbXBhY3Rp bmcgY3Vycm VudCBhc3Nl dHMuIEFzIG Nhc2ggcmVz ZXJ2ZXMgZH dpbmRsZSwg dGhlIGNvbX BhbnnigJlz IGxpcXVpZG l0eSBwb3Np dGlvbiBjb3 VsZCB3ZWFr ZW4sIHBvdG VudGlhbGx5 IGxlYWRpbm cgdG8gYSBj cmVkaXQgcm F0aW5nIGRv d25ncmFkZS 48YnI+T3Zl cmFsbCwgaW YgdGhlIGFm b3JlbWVudG lvbmVkIHNj ZW5hcmlvcy BtYXRlcmlh bGl6ZSwgQW dpbGVudCBU ZWNobm9sb2 dpZXMgY291 bGQgZmFjZS BhIGNoYWxs ZW5naW5nIG Vjb25vbWlj IGVudmlyb2 5tZW50IHJl c3VsdGluZy BpbiBsb25n LXRlcm0gc3 RydWN0dXJh bCBjaGFuZ2 VzIHRvIGl0 cyBidXNpbm VzcyBtb2Rl bCwgcmVxdW lyaW5nIHNp Z25pZmljYW 50IHJlZXZh bHVhdGlvbi BhbmQgYWRh cHRhdGlvbi B0byByZXN0 b3JlIGZpbm FuY2lhbCBo ZWFsdGggYW 5kIG1hcmtl dCBjb21wZX RpdGl2ZW5l c3MuPGJyPg ==

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvTU xiWEhLQWlm am1qelN6N2 YwcUgud2Vi cCIgYWx0PS JBZ2lsZW50 IFRlY2hub2 xvZ2llcyIg dGl0bGU9Ik FnaWxlbnQg VGVjaG5vbG 9naWVzIiAg Y2xhc3M9Im ltZy1mbHVp ZCIgaGVpZ2 h0PTUwIHdp ZHRoPTUwIG xvYWRpbmc9 J2xhenknIH N0eWxlPSdi b3JkZXItcm FkaXVzOiA2 cHg7Jz4KCi AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nZmxleDog MTsgdGV4dC 1hbGlnbjog Y2VudGVyOy BtYXJnaW4t bGVmdDogNX B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdmb250LX NpemU6IDI2 cHg7IGNvbG 9yOiAjMzMz OyBtYXJnaW 4tYm90dG9t OiAxNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Dwn5OIIFdh bnQgdG8gcm VhZCBtb3Jl IGFib3V0IE FnaWxlbnQg VGVjaG5vbG 9naWVzPwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg8J +TpSBHZXQg b3VyIGZyZW UgZUJvb2sg bm93OiA8aT 4iVGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrcyI8L2k+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvcD4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwhLS0K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGRpdiBz dHlsZT0nbW FyZ2luLXRv cDogMTJweD sgZm9udC1z aXplOiAxM3 B4OyBjb2xv cjogIzQ0ND snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgU2lnbiB1 cCBub3cgYW 5kIGdldCBv dXIgZnJlZS BlQm9vayAK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIDxi PlRoZSBDaG Vja2xpc3Qg VmFsdWUgSW 52ZXN0b3Ig 4oCUIEEgU2 1hcnRlciBX YXkgdG8gUG ljayBTdG9j a3M8L2I+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgICAgICAg ICAtLT4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PCEtLQogIC AgICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdtYXJn aW4tdG9wOi AxNnB4OyBm b250LXNpem U6IDE0cHg7 IGNvbG9yOi AjNDQ0OyBm b250LWZhbW lseTogLWFw cGxlLXN5c3 RlbSwgQmxp bmtNYWNTeX N0ZW1Gb250 LCBTZWdvZS BVSSwgUm9i b3RvLCBIZW x2ZXRpY2Eg TmV1ZSwgc2 Fucy1zZXJp ZjsgbGluZS 1oZWlnaHQ6 IDEuNjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgSG F2ZSB5b3Ug aGVhcmQgYW JvdXQgb3Vy IHNob3J0ID xzdHJvbmcg c3R5bGU9J2 ZvbnQtd2Vp Z2h0OiA2MD A7Jz5EYWls eSBWaWRlby BOZXdzbGV0 dGVyPC9zdH Jvbmc+Pwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naH R0cHM6Ly93 d3cuaW5zaW dodGZ1bHZh bHVlLmNvbS 9uZXdzbGV0 dGVyLnBocC cgdGFyZ2V0 PSdfYmxhbm snIHN0eWxl PSdjb2xvcj ogIzAwN0JG RjsgdGV4dC 1kZWNvcmF0 aW9uOiBub2 5lOyBmb250 LXdlaWdodD ogNTAwOyBt YXJnaW4tbG VmdDogNnB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgRm luZCBvdXQg bW9yZQogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgLS0+Ci AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgIAog ICAgICAgIA ogICAgICAg IDxzcGFuIG NsYXNzPSdi bHVycmVkLX RleHQnPgog ICAgICAgIC AgICBRV2Rw YkdWdWRDIE JVWldOb2Jt OXMgYjJkcF pYTWdhWCBN Z1lTQjNaV3 hzIExXdHVi M2R1SUcgTn ZiWEJoYm5r ZyBhVzRnZE dobElHIFpw Wld4a0lHOW 0gSUd4cFpt VWdjMiBOcF pXNWpaWE1z IElHUnBZV2 R1YjMgTjBh V056TENCaC BibVFnWVhC d2JHIGxsWk NCamFHVnQg YVdOaGJDQn RZWCBKclpY UnpMaUJJIF pYSmxJR0Z5 WlMgQnpiMj FsSUdsdSBk R1Z5WlhOMG FXIDVuSUda aFkzUnogSU dGaWIzVjBJ RSBGbmFXeG xiblE2IFBH SnlQakV1SU UgaHBjM1J2 Y25rNiBJRU ZuYVd4bGJu IFFnZDJGek lHWnYgZFc1 a1pXUWdhVy A0Z01UazVP U0JoIGN5Qm hJSE53YVcg NXZabVlnWm 5KdiBiU0JJ Wlhkc1pYIF IwTFZCaFky dGggY21RZ1 EyOXRjRyBG dWVTQW9TRk FwIExpQkpk Q0IzWVggTW diM0pwWjJs dSBZV3hzZV NCd1lYIEow SUc5bUlFaF EgNG9DWmN5 QjBaWCBOME lHRnVaQ0J0 IFpXRnpkWE psYlcgVnVk Q0JrYVhacC BjMmx2Ymk0 OFluIEkrTW k0Z1JtOWog ZFhNZ1FYSm xZWCBNNklG Um9aU0JqIG IyMXdZVzU1 SUggQnlhVz FoY21scyBl U0JtYjJOMW MyIFZ6SUc5 dUlHUmwgZG 1Wc2IzQnBi bSBjZ2RHOX ZiSE1nIFlX NWtJSFJsWT IgaHViMnh2 WjJsbCBjeU JtYjNJZ2Rt IEZ5YVc5MW N5QnogWTJs bGJuUnBabS BsaklHRndj R3hwIFkyRj BhVzl1Y3kg d2dhVzVqYk hWayBhVzVu SUdGdVlXIH g1ZEdsallX d2cgYVc1em RISjFiVyBW dWRHRjBhVz l1IExDQnpi MlowZDIgRn laU3dnWVc1 ayBJR052Ym 5OMWJXIEZp YkdWeklIVn ogWldRZ2FX NGdiRyBGaW IzSmhkRzl5 IGFXVnpJR0 Z5YjMgVnVa Q0IwYUdVZy BkMjl5YkdR dVBHIEp5UG pNdUlGQnkg YjJSMVkzUW dVRyA5eWRH WnZiR2x2IE 9pQkJaMmxz WlcgNTA0b0 NaY3lCdyBj bTlrZFdOMG N5IEJwYm1O c2RXUmwgSU hOd1pXTjBj bSA5dFpYUm xjbk1zIElH Tm9jbTl0WV ggUnZaM0po Y0doeiBMQ0 JoYm1RZ2JX IEZ6Y3lCem NHVmogZEhK dmJXVjBjbi BrZ2MzbHpk R1Z0IGN5d2 dZWE1nZDIg VnNiQ0JoY3 lCcCBibk4w Y25WdFpXID UwY3lCbWIz SWcgWjJWdW IyMXBZeSBC aGJtUWdjSE p2IGRHVnZi V2xqSUggSm xjMlZoY21O byBMaUJVYU dWNUlIIEJ5 YjNacFpHVW cgYzI5c2RY UnBiMiA1ek lHWnZjaUJo IElIZHBaR1 VnY20gRnVa MlVnYjJZZy BhVzVrZFhO MGNtIGxsY3 l3Z2FXNWog YkhWa2FXNW 5JSCBCb1lY SnRZV05sIG RYUnBZMkZz Y3kgd2daVz UyYVhKdiBi bTFsYm5SaG JDIEIwWlhO MGFXNW4gTE NCaGJtUWda bSA5dlpDQn pZV1psIGRI a3VQR0p5UG ogUXVJRWRz YjJKaCBiQ0 JRY21WelpX IDVqWlRvZ1 FXZHAgYkdW dWRDQnZjRy BWeVlYUmxj eUJwIGJpQn RiM0psSUgg Um9ZVzRnTV RBdyBJR052 ZFc1MGNtIG xsY3lCaGJt UWcgYzJWeW RtVnpJRyBO MWMzUnZiV1 Z5IGN5QnBi aUJ0YjMgSm xJSFJvWVc0 ZyBNVEF3SU d4aFltIDl5 WVhSdmNtbG wgY3l3Z2JX RnJhVyA1bk lHbDBJR0Vn IGRISjFiSG tnWjIgeHZZ bUZzSUhCcy BZWGxsY2lC cGJpIEIwYU dVZ2MyTnAg Wlc1MGFXWn BZeSBCamIy MXRkVzVwIG RIa3VQR0p5 UGogVXVJRW x1Ym05MiBZ WFJwYjI0Nk lFIEZuYVd4 bGJuUWcgYV c1MlpYTjBj eSBCb1pXRj JhV3g1IElH bHVJSEpsYz IgVmhjbU5v SUdGdSBaQ0 JrWlhabGJH IDl3YldWdW RDd2cgWTI5 dWMybHpkRy BWdWRHeDVJ R2x1IGRISn ZaSFZqYVcg NW5JRzVsZH lCMCBaV05v Ym05c2IyIG Q1SUdGdVpD QnogYjJ4MW RHbHZibiBN Z2RHOGdaVz VvIFlXNWpa U0IwYUcgVW dabWxsYkdR ZyBiMllnWV c1aGJIIGww YVdOaGJDQm ogYUdWdGFY TjBjbiBrZ1 lXNWtJRzF2 IGJHVmpkV3 hoY2kgQmlh VzlzYjJkNS BManhpY2o0 MkxpIEJCWT NGMWFYTnAg ZEdsdmJuTT ZJRiBSb1pT QmpiMjF3IF lXNTVJR2ho Y3kgQm5jbT kzYmlCMCBh SEp2ZFdkb0 lHIEVnYzJW eWFXVnogSU c5bUlITjBj bSBGMFpXZH BZeUJoIFkz RjFhWE5wZE cgbHZibk1z SUdsdSBZMn gxWkdsdVp5 IEJqYjIxd1 lXNXAgWlhN Z2JHbHJaUy BCQ2FXOVVa V3NnIFNXNX pkSEoxYlcg VnVkSE1zSU hkbyBhV05v SUdWNGNHIE Z1WkdWa0lF Rm4gYVd4bG JuVGlnSiBs eklHOW1abV Z5IGFXNW5j eUJwYmkgQn NhV1psSUhO aiBhV1Z1WT JWeklIIEps WVdkbGJuUn ogSUdGdVpD QmhjMyBOaG VYTXVQR0p5 IFBqY3VJRU 52YlcgMXBk RzFsYm5RZy BkRzhnVTNW emRHIEZwYm 1GaWFXeHAg ZEhrNklFRm 5hVyB4bGJu UWdhR0Z6IE lHMWhaR1Vn Y0ggVmliR2 xqSUdOdiBi VzFwZEcxbG JuIFJ6SUhS dklITjEgYz NSaGFXNWhZ bSBsc2FYUj VJR0Z1IFpD QmhhVzF6SU ggUnZJSEps WkhWaiBaU0 JwZEhNZ1pX IDUyYVhKdm JtMWwgYm5S aGJDQnBiWC BCaFkzUWdk R2h5IGIzVm 5hQ0JsYm0g VnlaM2t0Wl dabSBhV05w Wlc1MElIIE J5WVdOMGFX TmwgY3lCaG JtUWdaVyBO dkxXWnlhV1 Z1IFpHeDVJ SEJ5YjIgUj FZM1J6TGp4 aSBjajQ0TG lCRWFYIFps Y25ObElGZH YgY210bWIz SmpaVCBvZ1 FXZHBiR1Z1 IGRDQjJZV3 gxWlggTWda R2wyWlhKei BhWFI1SUdG dVpDIEJwYm 1Oc2RYTnAg YjI0Z2QybD BhRyBsdUlH bDBjeUIzIG IzSnJabTl5 WTIgVXNJSE psWTI5biBi bWw2YVc1bk lIIFJvWVhR Z1lTQmsgYV habGNuTmxJ SCBSbFlXMG dabTl6IGRH VnljeUJwYm 0gNXZkbUYw YVc5dSBJR0 Z1WkNCaVpY IFIwWlhJZ2 NISnYgWW14 bGJTMXpiMi B4MmFXNW5M anhpIGNqND VMaUJGWkgg VmpZWFJwYj I1aCBiQ0JG Ym1kaFoyIF Z0Wlc1ME9p QlUgYUdVZ1 kyOXRjRyBG dWVTQnBjeU JwIGJuWnZi SFpsWkMgQn BiaUJwYm1s MCBhV0YwYV habGN5IEIw YnlCemRYQn cgYjNKMElI TmphVyBWdV kyVWdaV1Ix IFkyRjBhVz l1SUcgRnVa Q0IzYjNKci BabTl5WTJV Z1pHIFYyWl d4dmNHMWwg Ym5Rc0lHbH VZMiB4MVpH bHVaeUJ3IF lYSjBibVZ5 YzIgaHBjSE 1nZDJsMCBh Q0JsWkhWal lYIFJwYjI1 aGJDQnAgYm 5OMGFYUjFk RyBsdmJuTW dZVzVrIElI SmxjMlZoY2 0gTm9JRzl5 WjJGdSBhWH BoZEdsdmJu IE11UEdKeV BqRXcgTGlC VGRHOWpheS BCTllYSnJa WFE2IElFRm 5hV3hsYm4g UWdWR1ZqYU c1diBiRzlu YVdWeklHIG x6SUhCMVlt eHAgWTJ4NU lIUnlZVyBS bFpDQnZiaU IwIGFHVWdU bVYzSUYgbH ZjbXNnVTNS diBZMnNnUl hoamFHIEZ1 WjJVZ2RXNW sgWlhJZ2RH aGxJSCBScF kydGxjaUJ6 IGVXMWliMn dnUVMgNGdQ R0p5UGxSby BaWE5sSUdG emNHIFZqZE hNZ2NtVm0g YkdWamRDQk JaMiBsc1pX NTA0b0NaIG N5QnliMnhs SUcgRnpJR0 VnYkdWaCBa R1Z5SUdsdU lIIE5qYVdW dWRHbG0gYV dNZ2FXNXpk SCBKMWJXVn VkR0YwIGFX OXVJR0Z1Wk MgQnBkSE1n WTI5dSBkSE pwWW5WMGFX IDl1SUhSdk lHRmsgZG1G dVkybHVaeS BCeVpYTmxZ WEpqIGFDQm hibVFnZEcg VmphRzV2Yk c5biBlU0Jo WTNKdmMzIE 1nZG1GeWFX OTEgY3lCa2 FYTmphWCBC c2FXNWxjeT Q4IFluSSsK ICAgICAgIC A8L3NwYW4+ CiAgICAgIC AgCiAgICAg ICAg