Teleflex

-21.66%

More reviews (4)

Live  

Teleflex is an international medical device company that specializes in the design, development, and manufacturing of innovative medical technologies, including surgical instruments and medical devices. The company was founded in 1943 and is headquartered in Wayne, Pennsylvania.
Teleflex offers a wide range of products for various medical specialties, such as anesthesia, interventional cardiology, surgery, urology, and respiratory care. Some of their best-known products include the Arrow line of vascular access devices, the LMA laryngeal mask airway, and the Weck Surgical Instruments.
In addition to medical devices, Teleflex also offers medical education and training programs for healthcare professionals, as well as clinical support and guidance for their products.
The company has a global presence, with operations in over 40 countries and distribution channels in more than 130 countries. They have a strong commitment to innovation and investing in research and development to bring new and advanced medical technologies to the market.
Overall, Teleflex is dedicated to improving the health and quality of life for patients by providing safe, effective, and reliable medical devices for healthcare providers.

VGVsZWZsZX ggaXMgYSBj b21wYW55IH RoYXQgbWFr ZXMgc3BlY2 lhbCBtZWRp Y2FsIGRldm ljZXMsIHdo aWNoIGFyZS B0b29scyB0 aGF0IGRvY3 RvcnMgYW5k IGhvc3BpdG FscyB1c2Ug dG8gaGVscC BwZW9wbGUg d2hvIGFyZS BzaWNrIG9y IGh1cnQuIF RoaW5rIG9m IHRoZWlyIH Byb2R1Y3Rz IGxpa2UgdG hlIGdhZGdl dHMgYSBzdX Blcmhlcm8g bWlnaHQgdX NlIHRvIGhl bHAgc2F2ZS B0aGUgZGF5 LiBGb3IgZX hhbXBsZSwg dGhleSBjcm VhdGUgdGhp bmdzIGxpa2 UgdHViZXMg dG8gaGVscC Bkb2N0b3Jz IHRha2UgY2 FyZSBvZiBw YXRpZW50cy BvciB0b29s cyB0aGF0IG 1ha2Ugc3Vy Z2VyaWVzIG Vhc2llci4g PGJyPlRlbG VmbGV4IG1h a2VzIG1vbm V5IGJ5IHNl bGxpbmcgdG hlc2UgaW1w b3J0YW50IG 1lZGljYWwg ZGV2aWNlcy B0byBob3Nw aXRhbHMgYW 5kIGNsaW5p Y3MuIFdoZW 4gZG9jdG9y cyBuZWVkIH N1cHBsaWVz IHRvIHRyZW F0IHBhdGll bnRzLCB0aG V5IGJ1eSB0 aGVzZSBwcm 9kdWN0cyBm cm9tIFRlbG VmbGV4LiBU aGUgbW9yZS Bkb2N0b3Jz IGFuZCBob3 NwaXRhbHMg dHJ1c3QgVG VsZWZsZXji gJlzIHRvb2 xzLCB0aGUg bW9yZSB0aG V5IHNlbGws IGFuZCB0aG F04oCZcyBo b3cgdGhlIG NvbXBhbnkg ZWFybnMgbW 9uZXkuPGJy PlRlbGVmbG V4IGlzIHN1 Y2Nlc3NmdW wgZm9yIHNl dmVyYWwgcm Vhc29ucy4g Rmlyc3QsIG l0IGZvY3Vz ZXMgb24gY3 JlYXRpbmcg aGlnaC1xdW FsaXR5IHBy b2R1Y3RzIH RoYXQgaGVs cCBwZW9wbG UgZ2V0IGJl dHRlci4gV2 hlbiBkb2N0 b3JzIHVzZS ByZWxpYWJs ZSB0b29scy wgdGhleSBh cmUgbW9yZS BsaWtlbHkg dG8gcmVjb2 1tZW5kIHRo ZW0gdG8gb3 RoZXJzLiBT ZWNvbmQsIH RoZSBjb21w YW55IGNvbn N0YW50bHkg d29ya3Mgb2 4gbmV3IGlu dmVudGlvbn MgYW5kIGlt cHJvdmVtZW 50cyBzbyB0 aGV5IGNhbi BrZWVwIHVw IHdpdGggdG hlIGxhdGVz dCBuZWVkcy BpbiBoZWFs dGhjYXJlLi BUaGlzIGhl bHBzIHRoZW 0gc3RheSBh aGVhZCBvZi BvdGhlciBj b21wYW5pZX MuPGJyPklu IHRoZSBmdX R1cmUsIFRl bGVmbGV4IG lzIGxpa2Vs eSB0byBjb2 50aW51ZSBi ZWluZyBzdW NjZXNzZnVs IGJlY2F1c2 UgdGhlcmUg d2lsbCBhbH dheXMgYmUg YSBuZWVkIG ZvciBoZWFs dGhjYXJlIH Byb2R1Y3Rz IGFzIHBlb3 BsZSB3aWxs IGFsd2F5cy BuZWVkIG1l ZGljYWwgaG VscC4gQnkg a2VlcGluZy B1cCB3aXRo IG5ldyB0ZW Nobm9sb2d5 IGFuZCBtYW tpbmcgc3Vy ZSB0aGVpci Bwcm9kdWN0 cyBhcmUgc2 FmZSBhbmQg ZWZmZWN0aX ZlLCBUZWxl ZmxleCBjYW 4gY29udGlu dWUgdG8gZ3 JvdyBhbmQg YmUgYSBsZW FkZXIgaW4g dGhlIG1lZG ljYWwgaW5k dXN0cnkuPG JyPg==

VGVsZWZsZX ggaXMgYSBn bG9iYWwgY2 9tcGFueSB0 aGF0IHNwZW NpYWxpemVz IGluIGRldm Vsb3Bpbmcs IG1hbnVmYW N0dXJpbmcs IGFuZCBwcm 92aWRpbmcg bWVkaWNhbC B0ZWNobm9s b2dpZXMgYW 5kIHNvbHV0 aW9ucyBmb3 IgdGhlIGhl YWx0aGNhcm UgaW5kdXN0 cnkuIFRoZX kgYXJlIGtu b3duIGZvci B0aGVpciBp bm5vdmF0aX ZlIGFuZCBo aWdoLXF1YW xpdHkgcHJv ZHVjdHMgdG hhdCBpbXBy b3ZlIHBhdG llbnQgb3V0 Y29tZXMgYW 5kIGVuaGFu Y2UgY2xpbm ljYWwgcHJh Y3RpY2UuPG JyPlNvbWUg b2YgdGhlIG tleSBmZWF0 dXJlcyB0aG F0IG1ha2Ug VGVsZWZsZX ggc3BlY2lh bCBpbmNsdW RlOjxicj4x LiBXaWRlIH JhbmdlIG9m IHByb2R1Y3 RzOiBUZWxl ZmxleCBvZm ZlcnMgYSBk aXZlcnNlIH BvcnRmb2xp byBvZiBwcm 9kdWN0cywg aW5jbHVkaW 5nIGNyaXRp Y2FsIGNhcm UgYW5kIHN1 cmdpY2FsIG VxdWlwbWVu dCwgdmFzY3 VsYXIgYWNj ZXNzIGRldm ljZXMsIGFu ZXN0aGVzaW EgYW5kIHJl c3BpcmF0b3 J5IHByb2R1 Y3RzLCBhbm Qgc3VyZ2lj YWwgaW5zdH J1bWVudHMu PGJyPjIuIE ZvY3VzIG9u IGlubm92YX Rpb246IFRo ZSBjb21wYW 55IGhhcyBh IHN0cm9uZy Bjb21taXRt ZW50IHRvIG lubm92YXRp b24gYW5kIG ludmVzdHMg aGVhdmlseS BpbiByZXNl YXJjaCBhbm QgZGV2ZWxv cG1lbnQgdG 8gY29tZSB1 cCB3aXRoIG 5ldyBhbmQg aW1wcm92ZW QgbWVkaWNh bCBzb2x1dG lvbnMuPGJy PjMuIEdsb2 JhbCBwcmVz ZW5jZTogV2 l0aCBvcGVy YXRpb25zIG luIG92ZXIg NDAgY291bn RyaWVzLCBU ZWxlZmxleC BoYXMgYSBn bG9iYWwgcm VhY2ggYW5k IGNhdGVycy B0byB0aGUg bmVlZHMgb2 YgaGVhbHRo Y2FyZSBwcm 92aWRlcnMg YW5kIHBhdG llbnRzIHdv cmxkd2lkZS 48YnI+NC4g Q29tbWl0bW VudCB0byBx dWFsaXR5Oi BUZWxlZmxl eCBoYXMgYS BzdHJpY3Qg cXVhbGl0eS BtYW5hZ2Vt ZW50IHN5c3 RlbSBpbiBw bGFjZSB0by BlbnN1cmUg dGhhdCBhbG wgdGhlaXIg cHJvZHVjdH MgbWVldCB0 aGUgaGlnaG VzdCBzdGFu ZGFyZHMgb2 Ygc2FmZXR5 IGFuZCBlZm ZpY2FjeS48 YnI+NS4gQ3 VzdG9tZXIt Y2VudHJpYy BhcHByb2Fj aDogVGVsZW ZsZXggcHV0 cyBjdXN0b2 1lcnMgYXQg dGhlIGNlbn RlciBvZiBl dmVyeXRoaW 5nIHRoZXkg ZG8sIGFuZC B0aGVpciBw cm9kdWN0cy BhcmUgZGVz aWduZWQgdG 8gcHJvdmlk ZSB0aGUgYm VzdCBwb3Nz aWJsZSBleH BlcmllbmNl IGZvciBib3 RoIGhlYWx0 aGNhcmUgcH JvdmlkZXJz IGFuZCBwYX RpZW50cy48 YnI+Ni4gU3 Ryb25nIGZv Y3VzIG9uIH N1c3RhaW5h YmlsaXR5Oi BUaGUgY29t cGFueSBpcy Bjb21taXR0 ZWQgdG8gcm VkdWNpbmcg aXRzIGVudm lyb25tZW50 YWwgaW1wYW N0IHRocm91 Z2ggdmFyaW 91cyBzdXN0 YWluYWJpbG l0eSBpbml0 aWF0aXZlcy wgc3VjaCBh cyB1c2luZy BlY28tZnJp ZW5kbHkgbW F0ZXJpYWxz IGluIHRoZW lyIHByb2R1 Y3RzIGFuZC BpbXBsZW1l bnRpbmcgZW 5lcmd5LWVm ZmljaWVudC BwcmFjdGlj ZXMgaW4gdG hlaXIgZmFj aWxpdGllcy 48YnI+Ny4g RW1wb3dlcm luZyBlbXBs b3llZXM6IF RlbGVmbGV4 IHZhbHVlcy BpdHMgZW1w bG95ZWVzIG FuZCBmb3N0 ZXJzIGEgY3 VsdHVyZSBv ZiB0ZWFtd2 9yayBhbmQg Y29sbGFib3 JhdGlvbiwg cHJvdmlkaW 5nIG9wcG9y dHVuaXRpZX MgZm9yIGdy b3d0aCBhbm QgZGV2ZWxv cG1lbnQuPG JyPjguIENv bW1pdG1lbn QgdG8gc29j aWFsIHJlc3 BvbnNpYmls aXR5OiBUaG UgY29tcGFu eSBoYXMgYS BzdHJvbmcg Y29tbWl0bW VudCB0byBz b2NpYWwgcm VzcG9uc2li aWxpdHkgYW 5kIHN1cHBv cnRzIHZhcm lvdXMgaGVh bHRoY2FyZS BhbmQgY29t bXVuaXR5IG luaXRpYXRp dmVzIGdsb2 JhbGx5Lg==

VGhlIFRlbG VmbGV4IGNv bXBhbnkgb3 BlcmF0ZXMg YXMgYSBnbG 9iYWwgcHJv dmlkZXIgb2 YgbWVkaWNh bCBkZXZpY2 VzIGFuZCB0 ZWNobm9sb2 dpZXMgZm9j dXNlZCBvbi Bjcml0aWNh bCBjYXJlLC BzdXJnaWNh bCBjYXJlLC BhbmQgdGhl IG1hbmFnZW 1lbnQgb2Yg Y2FyZGlhYy BhbmQgdmFz Y3VsYXIgY2 9uZGl0aW9u cy4gVGhlaX IgYnVzaW5l c3MgbW9kZW wgaXMgYmFz ZWQgb24gZG V2ZWxvcGlu ZywgbWFudW ZhY3R1cmlu ZywgYW5kIG Rpc3RyaWJ1 dGluZyBhIG RpdmVyc2Ug cmFuZ2Ugb2 YgcHJvZHVj dHMgYW5kIH NlcnZpY2Vz IHRvIGltcH JvdmUgcGF0 aWVudCBvdX Rjb21lcyBh bmQgZW5oYW 5jZSBoZWFs dGhjYXJlIH Byb3ZpZGVy IGVmZmljaW VuY3kgYW5k IHByb2R1Y3 Rpdml0eS4g VGVsZWZsZX jigJlzIHBy b2R1Y3RzIH JhbmdlIGZy b20gY2F0aG V0ZXJzIGFu ZCBkZXZpY2 VzIGZvciBy ZXNwaXJhdG 9yeSBhbmQg dXJvbG9naW NhbCBjYXJl IHRvIGVuZG 9tZWNoYW5p Y2FsIGluc3 RydW1lbnRz IGZvciBtaW 5pbWFsbHkg aW52YXNpdm Ugc3VyZ2Vy eSBhbmQgc3 RlbnRzIGFu ZCBvdGhlci BkZXZpY2Vz IGZvciB2YX NjdWxhciBp bnRlcnZlbn Rpb25zLiBU aGV5IHNlcn ZlIGEgd2lk ZSByYW5nZS BvZiBjdXN0 b21lcnMsIG luY2x1ZGlu ZyBob3NwaX RhbHMsIGhl YWx0aGNhcm UgcHJvdmlk ZXJzLCBhbm QgcGF0aWVu dHMsIGFuZC B0aGVpciBi dXNpbmVzcy BzdHJhdGVn eSBmb2N1c2 VzIG9uIGlu bm92YXRpb2 4sIGdsb2Jh bCBleHBhbn Npb24sIGFu ZCBzdHJhdG VnaWMgcGFy dG5lcnNoaX BzLg==

AI could potentially pose certain threats to Teleflex’s products, services, or competitive positioning, although the degree of impact may vary depending on several factors.
1. Substitution: AI can lead to the development of alternative solutions in the medical device and healthcare sectors. For instance, advancements in AI-driven diagnostics or treatment planning could potentially replace some traditional devices or services offered by companies like Teleflex. If competitors effectively leverage AI to enhance their products or create innovative solutions that outperform existing Teleflex offerings, it could lead to a loss of market share.
2. Disintermediation: The rise of AI-driven health tech solutions could streamline processes and reduce the need for certain intermediaries in the healthcare supply chain. If AI technology enables hospitals or healthcare providers to source medical devices more directly or develop ihouse solutions that meet their needs, Teleflex might face challenges in maintaining its market position. This shift could disrupt traditional distribution models that the company relies on.
3. Margin Pressure: As AI technologies become more prevalent, companies that adopt these technologies may be able to lower costs and improve efficiency, leading to competitive pricing. If competitors can offer similar or superior products at lower prices due to AI efficiencies, Teleflex may experience margin pressure. This could force the company to lower prices or invest significantly in its own AI capabilities to remain competitive, impacting overall profitability.
While AI presents these potential challenges, it also offers opportunities for Teleflex to innovate and enhance its offerings. By integrating AI into their products and processes, Teleflex can improve patient outcomes, operational efficiencies, and customer satisfaction. The response to AI and its implications will be crucial for the company’s future positioning in the market.

Teleflex, like many other companies, can be affected by changes in interest rates in several key ways:
1. Cost of Debt: As interest rates rise, the cost of borrowing increases. Teleflex may face higher interest expenses on variable-rate debt, which can reduce net earnings and cash flow. Conversely, if rates decrease, the company could benefit from lower borrowing costs.
2. Investment Decisions: Higher interest rates can lead companies to be more cautious with capital expenditures or expansion plans, as financing costs may outweigh potential returns. This could impact future growth and cash flow generation for Teleflex.
3. Discount Rate for Valuation: When valuing a company, analysts typically use a discount rate that reflects the company’s cost of capital. An increase in interest rates raises the discount rate, which can lead to a lower present value of future cash flows. This directly affects the company’s valuation and may lead to a decline in stock prices.
4. Consumer Demand: If interest rates rise significantly, consumer spending may decline, especially for noessential medical devices. This can impact Teleflex’s sales, revenues, and ultimately earnings.
5. Foreign Exchange Rates: Changes in interest rates can also impact foreign exchange rates, affecting Teleflex’s international sales and profitability. A stronger dollar can reduce the competitiveness of its products abroad.
In conclusion, Teleflex’s earnings, cash flow, and overall valuation are sensitive to changes in interest rates through various financial mechanisms, affecting both operational costs and market perceptions.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgVG VsZWZsZXji gJlzIGVjb2 5vbWljcyBv dmVyIHRoZS BuZXh0IDMt NSB5ZWFycy BpcyBhIHNp Z25pZmljYW 50IHJlZ3Vs YXRvcnkgc2 hpZnQgaW4g dGhlIGhlYW x0aGNhcmUg aW5kdXN0cn ksIHBhcnRp Y3VsYXJseS Bmb2N1c2Vk IG9uIG1lZG ljYWwgZGV2 aWNlIHByaW NpbmcgYW5k IHJlaW1idX JzZW1lbnQg cG9saWNpZX MuIFRoaXMg c2NlbmFyaW 8gbWlnaHQg aW52b2x2ZS Bnb3Zlcm5t ZW50IHJlZ3 VsYXRpb25z IGFpbWVkIG F0IHJlZHVj aW5nIGhlYW x0aGNhcmUg Y29zdHMgdG hyb3VnaCBw cmljZSBjb2 50cm9scyBv biBtZWRpY2 FsIGRldmlj ZXMuIElmIH N1Y2ggcmVn dWxhdGlvbn Mgd2VyZSBp bXBsZW1lbn RlZCwgVGVs ZWZsZXggY2 91bGQgZmFj ZSBzZXZlcm FsIG5lZ2F0 aXZlIGNvbn NlcXVlbmNl cy48YnI+Rm lyc3RseSwg bWFyZ2lucy B3b3VsZCB0 YWtlIGEgc3 Vic3RhbnRp YWwgaGl0IG R1ZSB0byBl bmZvcmNlZC BwcmljZSBy ZWR1Y3Rpb2 5zIG9uIHRo ZWlyIHByb2 R1Y3RzLiBB cyBhIG1lZG ljYWwgdGVj aG5vbG9neS Bjb21wYW55 IG9mZmVyaW 5nIHNwZWNp YWxpemVkIG RldmljZXMs IFRlbGVmbG V4IHJlbGll cyBvbiBwcm VtaXVtIHBy aWNpbmcgZm 9yIG1hbnkg b2YgaXRzIH Byb2R1Y3Rz LiBJZiBwcm ljZXMgYXJl IGNhcHBlZC BvciByZWR1 Y2VkIHNpZ2 5pZmljYW50 bHksIHRoZS Bjb21wYW55 IHdvdWxkIG ZpbmQgaXQg Y2hhbGxlbm dpbmcgdG8g bWFpbnRhaW 4gaXRzIGhp c3RvcmljYW wgcHJvZml0 IG1hcmdpbn MuIFRoaXMg Y291bGQgbG VhZCB0byBh IHNoaWZ0IG luIHByaWNp bmcgc3RyYX RlZ3kgYW5k IGluY3JlYX NlZCBjb21w ZXRpdGlvbi Bmcm9tIGxv d2VyLWNvc3 QgYWx0ZXJu YXRpdmVzLC BmdXJ0aGVy IHNxdWVlem luZyBtYXJn aW5zLjxicj 5TZWNvbmRs eSwgY2FzaC BmbG93IHdv dWxkIGJlIG ltcGFjdGVk IGFzIGEgcm VzdWx0IG9m IGxvd2VyIH JldmVudWVz IHN0ZW1taW 5nIGZyb20g ZGVjcmVhc2 VkIHByaWNp bmcgcG93ZX IuIFdpdGgg cmVkdWNlZC Bwcm9maXQg bWFyZ2lucy wgVGVsZWZs ZXggbWlnaH QgZmFjZSBk aWZmaWN1bH RpZXMgaW4g ZnVuZGluZy ByZXNlYXJj aCBhbmQgZG V2ZWxvcG1l bnQsIG1hcm tldGluZywg YW5kIG90aG VyIG9wZXJh dGlvbmFsIG V4cGVuc2Vz LiBUaGlzIG NvdWxkIGxl YWQgdG8gY2 FzaCBmbG93 IHByZXNzdX JlcywgcG9z c2libHkgZm 9yY2luZyB0 aGUgY29tcG FueSB0byBj dXQgYmFjay BvbiBpbnZl c3RtZW50cy B0aGF0IGFy ZSBlc3Nlbn RpYWwgZm9y IGZ1dHVyZS Bncm93dGgg YW5kIGlubm 92YXRpb24u PGJyPkxhc3 RseSwgdGhl IGJhbGFuY2 Ugc2hlZXQg bWlnaHQgZG V0ZXJpb3Jh dGUgYXMgYS ByZXN1bHQg b2YgaW5jcm Vhc2VkIGZp bmFuY2lhbC BzdHJhaW4u IElmIGNhc2 ggZmxvd3Mg ZGVjbGluZS wgVGVsZWZs ZXggbWF5IG 5lZWQgdG8g cmVseSBvbi BkZWJ0IGZp bmFuY2luZy B0byBzdXN0 YWluIG9wZX JhdGlvbnMg b3IgaW52ZX N0IGluIG5l Y2Vzc2FyeS Bwcm9qZWN0 cywgbGVhZG luZyB0byBh biBpbmNyZW FzZSBpbiBs ZXZlcmFnZS 4gVGhpcyBo aWdoZXIgZG VidCBsb2Fk IGNvdWxkIH JhaXNlIGNv bmNlcm5zIG Fib3V0IHRo ZSBjb21wYW 554oCZcyBm aW5hbmNpYW wgc3RhYmls aXR5IGFuZC BpdHMgYWJp bGl0eSB0by BtZWV0IG9i bGlnYXRpb2 5zLCBlc3Bl Y2lhbGx5IG lmIG1hcmtl dCBjb25kaX Rpb25zIGRv IG5vdCBpbX Byb3ZlLiA8 YnI+SW4gc3 VtbWFyeSwg YSByZWd1bG F0b3J5IHNj ZW5hcmlvIG FpbWVkIGF0 IHJlZHVjaW 5nIG1lZGlj YWwgZGV2aW NlIHByaWNl cyBjb3VsZC BhZHZlcnNl bHkgaW1wYW N0IFRlbGVm bGV44oCZcy BtYXJnaW5z LCBjYXNoIG Zsb3csIGFu ZCBiYWxhbm NlIHNoZWV0 LCByZXN1bH RpbmcgaW4g Z3JlYXRlci BvcGVyYXRp b25hbCBjaG FsbGVuZ2Vz IGFuZCBwb3 RlbnRpYWxs eSBzdHVudG VkIGdyb3d0 aCBpbiB0aG UgbG9uZyB0 ZXJtLjxicj 4=

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 bG9nb3MvT1 RPQkx5aUZR cVdiRVdIeG 4ya0kud2Vi cCIgYWx0PS JUZWxlZmxl eCIgdGl0bG U9IlRlbGVm bGV4IiAgY2 xhc3M9Imlt Zy1mbHVpZC IgaGVpZ2h0 PTUwIHdpZH RoPTUwIGxv YWRpbmc9J2 xhenknIHN0 eWxlPSdib3 JkZXItcmFk aXVzOiA2cH g7Jz4KCiAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n ZmxleDogMT sgdGV4dC1h bGlnbjogY2 VudGVyOyBt YXJnaW4tbG VmdDogNXB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dmb250LXNp emU6IDI2cH g7IGNvbG9y OiAjMzMzOy BtYXJnaW4t Ym90dG9tOi AxNXB4Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICDw n5OIIFdhbn QgdG8gcmVh ZCBtb3JlIG Fib3V0IFRl bGVmbGV4Pw ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L3A+Cg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdpbmRl eC5waHA/cG FnZT1zaWdu dXAnIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICMw MDdCRkY7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBjb2 xvcjogI2Zm ZjsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHBhZGRpbm c6IDEwcHgg MjBweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJvcm Rlci1yYWRp dXM6IDVweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH RleHQtZGVj b3JhdGlvbj ogbm9uZTsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGZv bnQtd2VpZ2 h0OiBib2xk OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luLX JpZ2h0OiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdHJhbn NpdGlvbjog YmFja2dyb3 VuZC1jb2xv ciAwLjNzIG Vhc2U7Jwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgb25t b3VzZW92ZX I9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA1NmIz IicKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IG9ubW91c2 VvdXQ9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA3 QkZGIic+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIGZv ciBmcmVlCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwvYT4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxzcGFuIH N0eWxlPSdt YXJnaW46ID AgOHB4OyBj b2xvcjogIz U1NTsnPm9y PC9zcGFuPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naW5k ZXgucGhwP3 BhZ2U9bG9n aW4nIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGNvbG9y OiAjMDA3Qk ZGOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdGV4dC1k ZWNvcmF0aW 9uOiB1bmRl cmxpbmU7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBmb2 50LXdlaWdo dDogNTAwOy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bsb2cgaW4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgoK CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxwIHN0 eWxlPSdtYX JnaW4tdG9w OiAxNXB4Oy Bmb250LXNp emU6IDEzcH g7IGZvbnQt d2VpZ2h0Oi Bib2xkOyBj b2xvcjogI2 QzMmYyZjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+UkyBVbm xvY2sgb3Vy IGZyZWUgZ3 VpZGU6IDxp PiJUaGUgQ2 hlY2tsaXN0 IFZhbHVlIE ludmVzdG9y IOKAlCBBIF NtYXJ0ZXIg V2F5IHRvIF BpY2sgU3Rv Y2tzIjwvaT 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9wPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxMnB4 OyBmb250LX NpemU6IDEz cHg7IGNvbG 9yOiAjNDQ0 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIG5vdyBh bmQgZ2V0IG 91ciBmcmVl IGVCb29rIA ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG I+VGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrczwvYj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIC0tPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8IS0tCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J21hcm dpbi10b3A6 IDE2cHg7IG ZvbnQtc2l6 ZTogMTRweD sgY29sb3I6 ICM0NDQ7IG ZvbnQtZmFt aWx5OiAtYX BwbGUtc3lz dGVtLCBCbG lua01hY1N5 c3RlbUZvbn QsIFNlZ29l IFVJLCBSb2 JvdG8sIEhl bHZldGljYS BOZXVlLCBz YW5zLXNlcm lmOyBsaW5l LWhlaWdodD ogMS42Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBI YXZlIHlvdS BoZWFyZCBh Ym91dCBvdX Igc2hvcnQg PHN0cm9uZy BzdHlsZT0n Zm9udC13ZW lnaHQ6IDYw MDsnPkRhaW x5IFZpZGVv IE5ld3NsZX R0ZXI8L3N0 cm9uZz4/Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdo dHRwczovL3 d3dy5pbnNp Z2h0ZnVsdm FsdWUuY29t L25ld3NsZX R0ZXIucGhw JyB0YXJnZX Q9J19ibGFu aycgc3R5bG U9J2NvbG9y OiAjMDA3Qk ZGOyB0ZXh0 LWRlY29yYX Rpb246IG5v bmU7IGZvbn Qtd2VpZ2h0 OiA1MDA7IG 1hcmdpbi1s ZWZ0OiA2cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBG aW5kIG91dC Btb3JlCiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8L2E+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgCi AgICAgICAg CiAgICAgIC AgPHNwYW4g Y2xhc3M9J2 JsdXJyZWQt dGV4dCc+Ci AgICAgICAg ICAgIE1TNG dWR1ZzWlcg WnNaWGdnYj NKcCBaMmx1 WVhSbFpDIE JtY205dElH RWcgYldWeV oyVnlJRyA5 bUlIUm9jbV ZsIElITmxj R0Z5WVggUm xJR052YlhC aCBibWxsY3 pvZ1MyIDly Wlc0Z1EyOH UgTENCUWNt VmphWCBObE lGTjFjbWRw IFkyRnNJRW x1YzMgUnlk VzFsYm5Sei BJRU52TGl3 Z1lXIDVrSU ZCcGJHeHAg Ym1jZ1UzVn laMiBsallX d2dTVzV6IG RISjFiV1Z1 ZEggTWdRMj h1SUZSbyBa WGtnYjJabW FXIE5wWVd4 c2VTQmkgWl dOaGJXVWdW RyBWc1pXWn NaWGdnIGFX NGdNVGsyT1 MgNGdQR0p5 UGpJdSBJRl JvWlNCamIy IDF3WVc1NU lIZGggY3lC dVlXMWxaQy BCbWIzSWdk R2hsIElIUm xiR1ZtYkcg VjRJR052Ym 5SeSBiMndn WTJGaWJHIF VzSUdGdUlH bHUgYm05Ml lYUnBiMiA0 Z2IyWWdTMj lyIFpXNGdR Mjh1SUggUm 9ZWFFnY21W MiBiMngxZE dsdmJtIGw2 WldRZ1ltOW ggZENCemRH VmxjbSBsdV p5QjBaV05v IGJtOXNiMm Q1TGkgQThZ bkkrTXk0Zy BTVzRnZEdo bElEIEU1Tm pCekxDQlUg Wld4bFpteG xlQyBCamNt VmhkR1ZrIE lIUm9aU0Jt YVggSnpkQ0 J1YjI0dCBi V1Z5WTNWeW VTIEJ0WVhK cGJtVWcgWl c1bmFXNWxJ RyBOdmJuUn liMndzIElI QmhkbWx1Wn kgQjBhR1Vn ZDJGNSBJR1 p2Y2lCellX IFpsY2lCaG JtUWcgYlc5 eVpTQmxibi BacGNtOXVi V1Z1IGRHRn NiSGtnWm4g SnBaVzVrYk hrZyBZbTlo ZEdsdVp5ID RnUEdKeVBq UXUgSUVsdU lERTVOeiBJ c0lGUmxiR1 ZtIGJHVjRJ R055WlcgRj BaV1FnZEdo bCBJR1pwY2 5OMElIIEJ5 YjNOMGFHVj AgYVdNZ2JH bHRZaSBCam IyNTBjbTlz IGJHVnlMQ0 IxYzIgbHVa eUJoWlhKdi BjM0JoWTJV Z2RHIFZqYU c1dmJHOW4g ZVNCMGJ5Qn BiWCBCeWIz WmxJSFJvIF pTQm1kVzVq ZEcgbHZibU ZzYVhSNSBJ R0Z1WkNCam IyIDFtYjNK MElHOW0gSU dGeWRHbG1h VyBOcFlXd2 diR2x0IFlu TXVJRHhpY2 ogNDFMaUJV Wld4bCBabX hsZUNCb1lY IE1nWVNCbm JHOWkgWVd3 Z2NISmxjMi BWdVkyVXNJ SGRwIGRHZ2 diV0Z1ZFcg WmhZM1IxY2 1sdSBaeUJt WVdOcGJHIG wwYVdWeklH bHUgSUc5Ml pYSWdORCBB Z1kyOTFibl J5IGFXVnpJ R0Z1WkMgQn pZV3hsY3lC cCBiaUJ0Yj NKbElIIFJv WVc0Z01UUX cgSUdOdmRX NTBjbSBsbG N5NGdQR0p5 IFBqWXVJRl JvWlMgQmpi MjF3WVc1NS BJR2hoY3lC aElHIHh2Ym 1jZ2FHbHog ZEc5eWVTQn ZaaSBCemRY QndiM0owIG FXNW5JSFJv WlMgQm9aV0 ZzZEdoaiBZ WEpsSUdsdV pIIFZ6ZEhK NUxDQjMgYV hSb0lHOTJa WCBJZ016QX NNREF3IElH MWxaR2xqWV cgd2djSEp2 WkhWaiBkSE 1nYVc0Z2RH IGhsYVhJZ2 NHOXkgZEda dmJHbHZMaS BBOFluSStO eTRnIFZHVn NaV1pzWlgg Z2dkMkZ6SU hSbyBaU0Jt YVhKemRDIE JqYjIxd1lX NTUgSUhSdk lHUmxkbSBW c2IzQWdZU0 JrIGFYTndi M05oWW0geG xJSE5wWjIx diBhV1J2Yz JOdmNHIFVn YVc0Z01Uaz UgTlN3Z2FX MXdjbSA5Mm FXNW5JSE5o IFptVjBlU0 JoYm0gUWdj bVZrZFdOcC BibWNnWTNK dmMzIE10WT I5dWRHRnQg YVc1aGRHbH ZiaSBCeWFY TnJjeTRnIF BHSnlQamd1 SUUgbHVJRE l3TVRjcyBJ RlJsYkdWbW JHIFY0SUhk aGN5QnUgWV cxbFpDQnZi bSBVZ2IyWW dkR2hsIElG ZHZjbXhrNG 8gQ1pjeUJO YjNOMCBJRV YwYUdsallX IHdnUTI5dG NHRnUgYVdW eklHSjVJSC BSb1pTQkZk R2hwIGMzQm 9aWEpsSUUg bHVjM1JwZE hWMCBaU0Jt YjNJZ2RHIG hsSURFeGRH Z2cgWTI5dW MyVmpkWCBS cGRtVWdlV1 ZoIGNpNGdQ R0p5UGoga3 VJRlJsYkdW bSBiR1Y0SU doaGN5IEJo SUhOMGNtOX UgWnlCamIy MXRhWCBSdF pXNTBJSFJ2 IElITjFjM1 JoYVcgNWhZ bWxzYVhSNS BJR0Z1WkNC b1lYIE1nYV cxd2JHVnQg Wlc1MFpXUW daVyA1MmFY SnZibTFsIG JuUmhiR3g1 SUcgWnlhV1 Z1Wkd4NSBJ SEJ5WVdOMG FXIE5sY3lC cGJpQjAgYU dWcGNpQnRZ VyA1MVptRm pkSFZ5IGFX NW5JSEJ5Yj IgTmxjM05s Y3k0ZyBQR0 p5UGpFd0xp IEJVYUdVZ1 kyOXQgY0dG dWVTQnBjeS BCa1pXUnBZ MkYwIFpXUW dkRzhnWjIg bDJhVzVuSU dKaCBZMnNn ZEc4Z2RHIG hsSUdOdmJX MTEgYm1sMG VTd2dkMiBs MGFDQjJZWE pwIGIzVnpJ SEJvYVcgeG hiblJvY205 dyBhV01nYV c1cGRHIGxo ZEdsMlpYTW cgWVc1a0lI QmhjbiBSdV pYSnphR2x3 IGN5d2dhVz VqYkggVmth VzVuSUhCeS BiM1pwWkds dVp5IEJ0Wl dScFkyRnMg SUhOMWNIQn NhVyBWeklH RnVaQ0JsIG NYVnBjRzFs Ym4gUWdkRz hnZFc1ayBa WEp6WlhKMl pXIFFnWTI5 dGJYVnUgYV hScFpYTXUK ICAgICAgIC A8L3NwYW4+ CiAgICAgIC AgCiAgICAg ICAg