Advanced Medical Solutions Group

Live  

Advanced Medical Solutions Group is a global medical technology company that develops and manufactures innovative wound care and surgical products. The company was founded in 1991 and is headquartered in Cheshire, United Kingdom. The company has a global presence with operations in Europe, the United States, and Asia Pacific.
Advanced Medical Solutions Group is dedicated to bringing innovative solutions to the healthcare industry, with a focus on wound care, advanced wound dressings, surgical sealants and adhesives, and other surgical products. The company's products are used in a wide range of medical procedures, including wound closure, hernia repair, and minimally invasive surgery.
Advanced Medical Solutions Group has a strong reputation for innovation and quality, with a portfolio of over 100 patents and a team of experienced scientists and engineers. The company also has a strong commitment to sustainability and ethical business practices.
The group's products are sold under various brand names, including Silverlon®, ActivHeal®, PolyMem®, LiquiBand®, and RESORBA®. Some of their notable products include ActivHeal® Hydrogel, a wound healing gel; LiquiBand®Fix 8, a skin adhesive for wound closure; and RESORBA® Absorbable Sutures, used in surgical procedures.
In addition to developing and manufacturing medical products, Advanced Medical Solutions Group also offers contract manufacturing services to other companies in the healthcare industry. This allows the company to leverage its expertise and capabilities to support the development and production of products for other companies.
Advanced Medical Solutions Group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company continuously strives to expand its product portfolio and improve patient outcomes by investing in research and development and pursuing strategic acquisitions.

QWR2YW5jZW QgTWVkaWNh bCBTb2x1dG lvbnMgR3Jv dXAgaXMgYS Bjb21wYW55 IHRoYXQgbW FrZXMgc3Bl Y2lhbCBwcm 9kdWN0cyB0 byBoZWxwIG hlYWwgd291 bmRzIGFuZC Bpbmp1cmll cy4gVGhleS BjcmVhdGUg dGhpbmdzIG xpa2UgYmFu ZGFnZXMgYW 5kIG90aGVy IG1lZGljYW wgc3VwcGxp ZXMgdGhhdC Bkb2N0b3Jz IGFuZCBob3 NwaXRhbHMg dXNlIHRvIG hlbHAgcGVv cGxlIGZlZW wgYmV0dGVy IHdoZW4gdG hleSBhcmUg aHVydCBvci BzaWNrLjxi cj5UaGUgY2 9tcGFueSBt YWtlcyBtb2 5leSBieSBz ZWxsaW5nIH RoZXNlIHBy b2R1Y3RzIH RvIGhvc3Bp dGFscywgZG 9jdG9yc+KA mSBvZmZpY2 VzLCBhbmQg aGVhbHRoY2 FyZSB3b3Jr ZXJzIHdoby BuZWVkIHRo ZW0uIFBlb3 BsZSBuZWVk IHRoZXNlIH Byb2R1Y3Rz IGJlY2F1c2 UgdGhleSBh cmUgaW1wb3 J0YW50IGZv ciB0cmVhdG luZyBjdXRz LCBidXJucy wgYW5kIG90 aGVyIGluan VyaWVzIHNv IHBhdGllbn RzIGNhbiBy ZWNvdmVyIH F1aWNrbHku PGJyPk9uZS BvZiB0aGUg cmVhc29ucy B0aGUgY29t cGFueSBpcy BzdWNjZXNz ZnVsIGlzIH RoYXQgaXRz IHByb2R1Y3 RzIGFyZSBv ZnRlbiBiZX R0ZXIgdGhh biBvdGhlcn MuIFRoZXkg dXNlIG5ldy B0ZWNobm9s b2d5IGFuZC BtYXRlcmlh bHMgdGhhdC BoZWxwIHdv dW5kcyBoZW FsIGZhc3Rl ciBhbmQgcH JvdGVjdCB0 aGVtIGJldH Rlci4gTWFu eSBkb2N0b3 JzIGFuZCBw YXRpZW50cy B0cnVzdCB0 aGVzZSBwcm 9kdWN0cywg c28gdGhlIG 1vcmUgcGVv cGxlIGxlYX JuIGFib3V0 IHRoZW0sIH RoZSBtb3Jl IHRoZXkgd2 FudCB0byB1 c2UgdGhlbS 48YnI+TG9v a2luZyB0by B0aGUgZnV0 dXJlLCBBZH ZhbmNlZCBN ZWRpY2FsIF NvbHV0aW9u cyBHcm91cC BpcyBsaWtl bHkgdG8gc3 RheSBzdWNj ZXNzZnVsIG JlY2F1c2Ug aGVhbHRoY2 FyZSBpcyBh bHdheXMgbm VlZGVkLiBQ ZW9wbGUgd2 lsbCBhbHdh eXMgaGF2ZS Bpbmp1cmll cyBvciBuZW VkIG1lZGlj YWwgY2FyZS wgc28gY29t cGFuaWVzIH RoYXQgcHJv dmlkZSBnb2 9kIHF1YWxp dHkgbWVkaW NhbCBwcm9k dWN0cyB3aW xsIGNvbnRp bnVlIHRvIG JlIGltcG9y dGFudC4gUG x1cywgYXMg bmV3IHRlY2 hub2xvZ2ll cyBjb21lIG 91dCwgdGhl IGNvbXBhbn kgY2FuIGlt cHJvdmUgaX RzIHByb2R1 Y3RzIGV2ZW 4gbW9yZSwg d2hpY2ggaG VscHMgdGhl bSBzdGF5IG FoZWFkIG9m IHRoZSBjb2 1wZXRpdGlv bi4gU28sIG FzIGxvbmcg YXMgdGhleS BrZWVwIG1h a2luZyBoZW xwZnVsIHBy b2R1Y3RzIG FuZCB0YWtp bmcgY2FyZS BvZiB0aGVp ciBjdXN0b2 1lcnMsIHRo ZXkgd2lsbC BsaWtlbHkg a2VlcCBkb2 luZyB3ZWxs Ljxicj4=

MS4gTGVhZG luZyBTdXBw bGllciBvZi BBZHZhbmNl ZCBXb3VuZC BDYXJlIERy ZXNzaW5ncz ogQWR2YW5j ZWQgTWVkaW NhbCBTb2x1 dGlvbnMgR3 JvdXAgaXMg YSBsZWFkaW 5nIGdsb2Jh bCBzdXBwbG llciBvZiBh ZHZhbmNlZC B3b3VuZCBj YXJlIGRyZX NzaW5ncy4g VGhleSBkZX NpZ24gYW5k IG1hbnVmYW N0dXJlIGEg d2lkZSByYW 5nZSBvZiBp bm5vdmF0aX ZlIHByb2R1 Y3RzIHRoYX QgYXJlIHVz ZWQgaW4gdG hlIHRyZWF0 bWVudCBhbm QgbWFuYWdl bWVudCBvZi B2YXJpb3Vz IHR5cGVzIG 9mIHdvdW5k cy48YnI+Mi 4gRm9jdXMg b24gUmVzZW FyY2ggYW5k IERldmVsb3 BtZW50OiBU aGUgY29tcG FueSBoYXMg YSBzdHJvbm cgZm9jdXMg b24gcmVzZW FyY2ggYW5k IGRldmVsb3 BtZW50LCBp bnZlc3Rpbm cgYSBzaWdu aWZpY2FudC Bwb3J0aW9u IG9mIGl0cy ByZXZlbnVl IGludG8gZG V2ZWxvcGlu ZyBuZXcgYW 5kIGFkdmFu Y2VkIHdvdW 5kIGNhcmUg dGVjaG5vbG 9naWVzLiBU aGlzIGVuc3 VyZXMgdGhh dCB0aGV5IH N0YXkgYWhl YWQgb2YgdG hlIGN1cnZl IGluIHRoZS BpbmR1c3Ry eSBhbmQgY2 9udGludWUg dG8gcHJvdm lkZSBjdXR0 aW5nLWVkZ2 UgcHJvZHVj dHMgdG8gdG hlaXIgY3Vz dG9tZXJzLj xicj4zLiBE aXZlcnNlIF Byb2R1Y3Qg UG9ydGZvbG lvOiBBZHZh bmNlZCBNZW RpY2FsIFNv bHV0aW9ucy BHcm91cCBv ZmZlcnMgYS BkaXZlcnNl IHJhbmdlIG 9mIHdvdW5k IGNhcmUgcH JvZHVjdHMs IGluY2x1ZG luZyBkcmVz c2luZ3MsIH NpbGljb25l IHNoZWV0cy wgZm9hbSBk cmVzc2luZ3 MsIGFuZCBh bnRpbWljcm 9iaWFsIGRy ZXNzaW5ncy 4gVGhleSBh bHNvIG9mZm VyIG90aGVy IG1lZGljYW wgcHJvZHVj dHMsIHN1Y2 ggYXMgc3Vy Z2ljYWwgc2 VhbGFudHMg YW5kIGFkaG VzaXZlcy48 YnI+NC4gR2 xvYmFsIFBy ZXNlbmNlOi BXaXRoIG9w ZXJhdGlvbn MgaW4gb3Zl ciAxMDAgY2 91bnRyaWVz IGFuZCBkaX N0cmlidXRp b24gbmV0d2 9ya3MgaW4g b3ZlciAzMy Bjb3VudHJp ZXMsIHRoZS Bjb21wYW55 IGhhcyBhIH N0cm9uZyBn bG9iYWwgcH Jlc2VuY2Uu IFRoaXMgYW xsb3dzIHRo ZW0gdG8gY2 F0ZXIgdG8g dGhlIG5lZW RzIG9mIGhl YWx0aGNhcm UgcHJvZmVz c2lvbmFscy BhbmQgcGF0 aWVudHMgd2 9ybGR3aWRl Ljxicj41Li BTdHJvbmcg Q3VzdG9tZX IgUmVsYXRp b25zaGlwcz ogVGhlIGNv bXBhbnkgaG FzIGEgcmVw dXRhdGlvbi Bmb3IgYnVp bGRpbmcgc3 Ryb25nIGN1 c3RvbWVyIH JlbGF0aW9u c2hpcHMgYn kgcHJvdmlk aW5nIGhpZ2 gtcXVhbGl0 eSBwcm9kdW N0cyBhbmQg ZXhjZXB0aW 9uYWwgY3Vz dG9tZXIgc2 VydmljZS4g VGhleSB3b3 JrIGNsb3Nl bHkgd2l0aC BoZWFsdGhj YXJlIHByb2 Zlc3Npb25h bHMgdG8gdW 5kZXJzdGFu ZCB0aGVpci BuZWVkcyBh bmQgcHJvdm lkZSBjdXN0 b21pemVkIH NvbHV0aW9u cy48YnI+Ni 4gQ29tbWl0 bWVudCB0by BTdXN0YWlu YWJpbGl0eT ogQWR2YW5j ZWQgTWVkaW NhbCBTb2x1 dGlvbnMgR3 JvdXAgaGFz IGEgc3Ryb2 5nIGNvbW1p dG1lbnQgdG 8gc3VzdGFp bmFiaWxpdH kgYW5kIGVu dmlyb25tZW 50YWwgcmVz cG9uc2liaW xpdHkuIFRo ZXkgYWN0aX ZlbHkgd29y ayB0byBtaW 5pbWl6ZSB0 aGVpciBpbX BhY3Qgb24g dGhlIGVudm lyb25tZW50 IHRocm91Z2 ggc3VzdGFp bmFibGUgc2 91cmNpbmcs IGVmZmljaW VudCBtYW51 ZmFjdHVyaW 5nIHByb2Nl c3NlcywgYW 5kIHJlc3Bv bnNpYmxlIH dhc3RlIG1h bmFnZW1lbn QuPGJyPjcu IFN0cm9uZy BGaW5hbmNp YWwgUGVyZm 9ybWFuY2U6 IERlc3BpdG UgYmVpbmcg YSByZWxhdG l2ZWx5IHlv dW5nIGNvbX BhbnksIEFk dmFuY2VkIE 1lZGljYWwg U29sdXRpb2 5zIEdyb3Vw IGhhcyBhY2 hpZXZlZCBz dHJvbmcgZm luYW5jaWFs IHBlcmZvcm 1hbmNlLCB3 aXRoIGEgdH JhY2sgcmVj b3JkIG9mIG NvbnNpc3Rl bnQgcmV2ZW 51ZSBncm93 dGggYW5kIH Byb2ZpdGFi aWxpdHkuIF RoaXMgaGFz IGFsbG93ZW QgdGhlbSB0 byBpbnZlc3 QgaW4gcmVz ZWFyY2ggYW 5kIGRldmVs b3BtZW50IG FuZCBleHBh bmQgdGhlaX IgcHJvZHVj dCBwb3J0Zm 9saW8uPGJy PjguIEF3YX JkcyBhbmQg UmVjb2duaX Rpb246IFRo ZSBjb21wYW 55IGhhcyBy ZWNlaXZlZC BudW1lcm91 cyBhd2FyZH MgYW5kIHJl Y29nbml0aW 9uIGZvciBp dHMgaW5ub3 ZhdGl2ZSBw cm9kdWN0cy BhbmQgc3Ry b25nIGJ1c2 luZXNzIHBl cmZvcm1hbm NlLiBUaGlz IGluY2x1ZG VzIGJlaW5n IGxpc3RlZC BvbiB0aGUg TG9uZG9uIF N0b2NrIEV4 Y2hhbmdlIE 1haW4gTWFy a2V0IGFuZC BiZWluZyBu YW1lZCB0aG UgQmVzdCBQ ZXJmb3JtaW 5nIFNoYXJl IG9mIHRoZS BZZWFyIGF0 IHRoZSAyMD E5IEFJTSBB d2FyZHMuPG JyPjkuIERl ZGljYXRlZC B0byBQYXRp ZW50IENhcm U6IEFkdmFu Y2VkIE1lZG ljYWwgU29s dXRpb25zIE dyb3VwIGlz IGNvbW1pdH RlZCB0byBp bXByb3Zpbm cgcGF0aWVu dCBvdXRjb2 1lcyBhbmQg cXVhbGl0eS BvZiBsaWZl LiBUaGV5IG NvbnN0YW50 bHkgc3RyaX ZlIHRvIGRl dmVsb3AgcH JvZHVjdHMg dGhhdCBhcm UgbW9yZSBl ZmZlY3Rpdm UsIGNvbWZv cnRhYmxlLC BhbmQgY29u dmVuaWVudC Bmb3IgcGF0 aWVudHMsIG 1ha2luZyB0 aGVpciBoZW FsaW5nIHBy b2Nlc3MgZW FzaWVyIGFu ZCBmYXN0ZX IuPGJyPjEw LiBTdHJvbm cgTGVhZGVy c2hpcCBhbm QgQ29ycG9y YXRlIEN1bH R1cmU6IFRo ZSBjb21wYW 55IGlzIGxl ZCBieSBhbi BleHBlcmll bmNlZCBhbm QgZGVkaWNh dGVkIG1hbm FnZW1lbnQg dGVhbSwgd2 l0aCBhIHN0 cm9uZyBlbX BoYXNpcyBv biBhIHBvc2 l0aXZlIGNv cnBvcmF0ZS BjdWx0dXJl LiBUaGlzIG Zvc3RlcnMg YSBzZW5zZS BvZiB0ZWFt d29yayBhbm QgaW5ub3Zh dGlvbiB3aX RoaW4gdGhl IGNvbXBhbn ksIGFsbG93 aW5nIHRoZW 0gdG8gY29u dGludW91c2 x5IGltcHJv dmUgYW5kIG dyb3cuIDxi cj4=

VGhlIGJ1c2 luZXNzIG1v ZGVsIG9mIE FkdmFuY2Vk IE1lZGljYW wgU29sdXRp b25zIEdyb3 VwIChBTVMp IGlzIGZvY3 VzZWQgb24g ZGV2ZWxvcG luZywgbWFu dWZhY3R1cm luZywgYW5k IGRpc3RyaW J1dGluZyBh ZHZhbmNlZC B3b3VuZCBj YXJlIGFuZC BzdXJnaWNh bCBwcm9kdW N0cy4gVGhl eSBhaW0gdG 8gcHJvdmlk ZSBpbm5vdm F0aXZlIHNv bHV0aW9ucy Bmb3IgaGVh bHRoY2FyZS Bwcm9mZXNz aW9uYWxzIG FuZCBwYXRp ZW50cyB3b3 JsZHdpZGUs IHRocm91Z2 ggdGhlaXIg ZXhwZXJ0aX NlIGluIGJp b21hdGVyaW Fscywgd291 bmQgaGVhbG luZywgYW5k IG1hbnVmYW N0dXJpbmcu PGJyPlRoZS Bjb21wYW55 J3MgYnVzaW 5lc3MgbW9k ZWwgaXMgYn VpbHQgb24g dGhyZWUga2 V5IHBpbGxh cnM6PGJyPj EuIFByb2R1 Y3QgSW5ub3 ZhdGlvbiBh bmQgRGV2ZW xvcG1lbnQ6 IEFNUyBpbn Zlc3RzIGhl YXZpbHkgaW 4gcmVzZWFy Y2ggYW5kIG RldmVsb3Bt ZW50IHRvIG NyZWF0ZSBu ZXcgYW5kIG ltcHJvdmVk IHByb2R1Y3 RzIHRoYXQg bWVldCB0aG UgZXZvbHZp bmcgbmVlZH Mgb2YgdGhl IHdvdW5kIG NhcmUgYW5k IHN1cmdpY2 FsIG1hcmtl dHMuPGJyPj IuIE1hbnVm YWN0dXJpbm cgYW5kIFN1 cHBseSBDaG FpbiBNYW5h Z2VtZW50Oi BBTVMgaGFz IGEgdmVydG ljYWxseSBp bnRlZ3JhdG VkIHN1cHBs eSBjaGFpbi wgd2hpY2gg YWxsb3dzIH RoZW0gdG8g aGF2ZSBjb2 50cm9sIGFu ZCBvdmVyc2 lnaHQgb3Zl ciB0aGVpci BtYW51ZmFj dHVyaW5nIH Byb2Nlc3Nl cy4gVGhpcy BlbmFibGVz IHRoZW0gdG 8gbWFpbnRh aW4gaGlnaC 1xdWFsaXR5 IHN0YW5kYX JkcyBhbmQg ZW5zdXJlIH RpbWVseSBk ZWxpdmVyeS BvZiB0aGVp ciBwcm9kdW N0cy48YnI+ My4gU2FsZX MgYW5kIERp c3RyaWJ1dG lvbjogQU1T IGhhcyBhIG dsb2JhbCBz YWxlcyBhbm QgZGlzdHJp YnV0aW9uIG 5ldHdvcmss IHdpdGggYS BwcmVzZW5j ZSBpbiBvdm VyIDEwMCBj b3VudHJpZX MuIFRoZXkg d29yayBjbG 9zZWx5IHdp dGggaGVhbH RoY2FyZSBw cm9mZXNzaW 9uYWxzIHRv IHByb3ZpZG UgZWR1Y2F0 aW9uIGFuZC BzdXBwb3J0 IG9uIHRoZW lyIHByb2R1 Y3RzLCBhcy B3ZWxsIGFz IHdpdGggZG lzdHJpYnV0 b3JzIHRvIG Vuc3VyZSBh dmFpbGFiaW xpdHkgYW5k IGFjY2Vzc2 liaWxpdHkg b2YgdGhlaX IgcHJvZHVj dHMuPGJyPk 92ZXJhbGws IEFNUyBhaW 1zIHRvIGRl bGl2ZXIgdm FsdWUgdG8g aXRzIHN0YW tlaG9sZGVy cyB0aHJvdW doIGl0cyBm b2N1cyBvbi Bpbm5vdmF0 aXZlIHByb2 R1Y3RzLCBl ZmZpY2llbn QgbWFudWZh Y3R1cmluZy wgYW5kIGds b2JhbCBkaX N0cmlidXRp b24gY2hhbm 5lbHMuIFRo ZWlyIGJ1c2 luZXNzIG1v ZGVsIGhhcy BoZWxwZWQg dGhlbSBhY2 hpZXZlIGNv bnNpc3Rlbn QgZ3Jvd3Ro IGFuZCBlc3 RhYmxpc2gg YSBzdHJvbm cgcG9zaXRp b24gaW4gdG hlIGFkdmFu Y2VkIHdvdW 5kIGNhcmUg YW5kIHN1cm dpY2FsIG1h cmtldHMuID xicj4=

AI does have the potential to impact companies within the healthcare sector, including Advanced Medical Solutions Group, in several ways.
Firstly, substitution could occur if AI technologies provide alternative solutions for wound care and advanced medical products. For example, AI-driven diagnostic tools or telemedicine platforms might enable faster, more efficient patient care, potentially reducing the need for certain physical products.
Secondly, disintermediation might happen if AI allows healthcare providers to directly interact with patients without the need for certain traditional intermediaries, altering existing distribution channels. This could impact how Advanced Medical Solutions markets and sells its products.
Lastly, margin pressure could arise as competition increases from AI-enabled solutions that offer similar or better outcomes at lower costs. Companies that leverage AI effectively could provide enhanced efficiency or personalized care, potentially forcing competitors like Advanced Medical Solutions to lower prices or invest significantly in innovation to maintain their market position.
Overall, while AI presents opportunities for enhancing products and services, it also poses challenges that could impact Advanced Medical Solutions Group’s competitive standing and profitability. The company must be proactive in adopting new technologies and strategies to navigate these potential threats.

The sensitivity of Advanced Medical Solutions Group’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors:
1. Debt Levels: If the company has significant outstanding debt, increases in interest rates could lead to higher interest expenses, which would negatively impact net earnings and cash flow. Conversely, if the company has minimal debt, the impact would be less pronounced.
2. Cost of Capital: Higher interest rates can increase the company’s weighted average cost of capital (WACC). This can affect investment decisions, making new projects less appealing, and could lead to lower growth expectations from investors.
3. Discount Rate for Valuation: Valuation models often use discounted cash flow (DCF) analysis. As interest rates rise, the discount rate used in these models would also increase, leading to a lower present value of future cash flows and potentially reducing the company’s overall valuation.
4. Consumer Behavior: Higher interest rates can dampen consumer spending power, especially if they lead to increased borrowing costs or reduced disposable income. This could affect demand for the company’s products, thereby impacting sales and future cash flows.
5. Investment in Innovation: If higher interest rates restrict access to financing, the company may be less able to invest in research and development or expansion initiatives, which could hinder long-term growth and profitability.
In summary, Advanced Medical Solutions Group’s sensitivity to interest rate changes is mainly influenced by its debt levels, cost of capital, valuation methods, consumer demand, and investment capabilities. A significant change in interest rates could have broader implications for the company’s financial performance and market valuation.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgQW R2YW5jZWQg TWVkaWNhbC BTb2x1dGlv bnMgR3JvdX DigJlzIGVj b25vbWljcy BvdmVyIHRo ZSBuZXh0ID MtNSB5ZWFy cyBpcyB0aG UgZW1lcmdl bmNlIG9mIG Egc3Ryb25n IGNvbXBldG l0b3IgdGhh dCBpbnRyb2 R1Y2VzIGEg ZGlzcnVwdG l2ZSB0ZWNo bm9sb2d5IG 9yIHByb2R1 Y3QgdGhhdC BzaWduaWZp Y2FudGx5IH VuZGVyY3V0 cyB0aGVpci BtYXJrZXQg c2hhcmUgYW 5kIHByaWNp bmcgcG93ZX IuIFRoaXMg Y29tcGV0aX RvciBjb3Vs ZCBsZXZlcm FnZSBhZHZh bmNlZCBtYW 51ZmFjdHVy aW5nIHRlY2 huaXF1ZXMg b3IgaW5ub3 ZhdGl2ZSBt YXRlcmlhbH MgdGhhdCBy ZWR1Y2UgY2 9zdHMgYW5k IGVuaGFuY2 UgcHJvZHVj dCBlZmZlY3 RpdmVuZXNz LCBvdmVyc2 hhZG93aW5n IEFkdmFuY2 VkIE1lZGlj YWwgU29sdX Rpb25z4oCZ IGV4aXN0aW 5nIG9mZmVy aW5ncy48Yn I+SW4gdGhp cyBzY2VuYX JpbywgQWR2 YW5jZWQgTW VkaWNhbCBT b2x1dGlvbn MgbWlnaHQg ZmFjZSBzZX ZlcmFsIGNo YWxsZW5nZX M6PGJyPjEu IDxzdHJvbm c+TWFyZ2lu czwvc3Ryb2 5nPjogVGhl IGludHJvZH VjdGlvbiBv ZiBhIGxvd2 VyLWNvc3Qg Y29tcGV0aX RvciBjb3Vs ZCBsZWFkIH RvIGEgcHJp Y2Ugd2FyLC Bmb3JjaW5n IEFkdmFuY2 VkIE1lZGlj YWwgU29sdX Rpb25zIHRv IGxvd2VyIG l0cyBwcmlj ZXMgdG8gcm V0YWluIGN1 c3RvbWVycy 4gQXMgYSBy ZXN1bHQsIH Byb2ZpdCBt YXJnaW5zIH dvdWxkIGxp a2VseSBkZW NyZWFzZSBz aWduaWZpY2 FudGx5LiBJ ZiB0aGUgY2 9tcGFueSBo YWQgcHJldm lvdXNseSBl bmpveWVkIG dyb3NzIG1h cmdpbnMgb2 YgYXJvdW5k IDYwJSwgYS Bjb21wZXRp dGl2ZSBwcm Vzc3VyZSBj b3VsZCByZW R1Y2UgdGhp cyB0byA0MC Ugb3IgbG93 ZXIsIGRlcG VuZGluZyBv biB0aGUgc2 V2ZXJpdHkg b2YgdGhlIG NvbXBldGl0 aW9uLjxicj 4yLiA8c3Ry b25nPkNhc2 ggRmxvdzwv c3Ryb25nPj ogV2l0aCBk ZWNsaW5pbm cgbWFyZ2lu cyBhbmQgcG 90ZW50aWFs IGxvc3Mgb2 YgbWFya2V0 IHNoYXJlLC BjYXNoIGZs b3cgY291bG QgYmUgbmVn YXRpdmVseS BpbXBhY3Rl ZC4gSWYgcm V2ZW51ZXMg ZGVjbGluZS BkdWUgdG8g Y3VzdG9tZX JzIG9wdGlu ZyBmb3IgdG hlIGNvbXBl dGl0b3Jz4o CZIHByb2R1 Y3RzLCBjYX NoIGZsb3cg ZnJvbSBvcG VyYXRpb25z IG1heSBiZW NvbWUgc3Ry YWluZWQuIF RoaXMgY291 bGQgbGVhZC B0byBhIHJl ZHVjZWQgYW JpbGl0eSB0 byBpbnZlc3 QgaW4gcmVz ZWFyY2ggYW 5kIGRldmVs b3BtZW50IG 5lZWRlZCB0 byBrZWVwIH VwIHdpdGgg dGhlIGNvbX BldGl0aW9u LCBhcyB3ZW xsIGFzIGxl c3MgZmxleG liaWxpdHkg aW4gZnVuZG luZyBvcGVy YXRpb25hbC Bjb3N0cy4g VGhlIGNvbX BhbnkgbWF5 IGZhY2Ugbm VnYXRpdmUg Y2FzaCBmbG 93IHNpdHVh dGlvbnMgaW YgcXVpY2sg YWRhcHRhdG lvbnMgYXJl IG5vdCBtYW RlLjxicj4z LiA8c3Ryb2 5nPkJhbGFu Y2UgU2hlZX Q8L3N0cm9u Zz46IFRoZS BmaW5hbmNp YWwgaGVhbH RoIG9mIEFk dmFuY2VkIE 1lZGljYWwg U29sdXRpb2 5zIGNvdWxk IHdlYWtlbi BzaWduaWZp Y2FudGx5Li BBcyByZXZl bnVlcyBkZW NsaW5lIGFu ZCBjb3N0cy ByZW1haW4s IHRoZSBjb2 1wYW55IG1p Z2h0IGZpbm QgaXQgbmVj ZXNzYXJ5IH RvIHRha2Ug b24gYWRkaX Rpb25hbCBk ZWJ0IHRvIG 1haW50YWlu IG9wZXJhdG lvbnMgb3Ig c3VwcG9ydC BjYXNoIGZs b3cuIFRoaX MgY291bGQg cmVzdWx0IG luIGluY3Jl YXNlZCBsaW FiaWxpdGll cyByZWxhdG l2ZSB0byBh c3NldHMsIG xlYWRpbmcg dG8gYSBkZX RlcmlvcmF0 aW9uIG9mIH RoZSBjb21w YW554oCZcy BsZXZlcmFn ZSByYXRpb3 MuIElmIHRo ZSBjb21wYW 554oCZcyBl cXVpdHkgZG ltaW5pc2hl cyBkdWUgdG 8gc3VzdGFp bmVkIGxvc3 NlcywgaXQg Y291bGQgYW xzbyBsZWFk IHRvIGEgcm VkdWN0aW9u IGluIHJldG FpbmVkIGVh cm5pbmdzLj xicj5JbiBz dW1tYXJ5LC BpZiBhIHN0 cm9uZyBjb2 1wZXRpdG9y IGVtZXJnZW Qgd2l0aCBh IGRpc3J1cH RpdmUgdGVj aG5vbG9neS BvdmVyIHRo ZSBuZXh0ID MtNSB5ZWFy cywgQWR2YW 5jZWQgTWVk aWNhbCBTb2 x1dGlvbnMg Y291bGQgc2 VlIGEgZGVj bGluZSBpbi BpdHMgbWFy Z2lucywgc3 RyYWluZWQg Y2FzaCBmbG 93IHNjZW5h cmlvcywgYW 5kIGEgd2Vh a2VuZWQgYm FsYW5jZSBz aGVldCBjaG FyYWN0ZXJp emVkIGJ5IG luY3JlYXNl ZCBkZWJ0IG xldmVscywg cmVkdWNlZC BlcXVpdHks IGFuZCBuYW dnaW5nIG9w ZXJhdGlvbm FsIGNoYWxs ZW5nZXMuIF RoZSBsb25n LXRlcm0gc3 VzdGFpbmFi aWxpdHkgb2 YgdGhlIGJ1 c2luZXNzIG 1pZ2h0IGJl IGplb3Bhcm RpemVkIHVu bGVzcyB0aG UgY29tcGFu eSBlZmZlY3 RpdmVseSBh ZGFwdHMgaX RzIHN0cmF0 ZWd5IHRvIH JlZ2FpbiBp dHMgY29tcG V0aXRpdmUg ZWRnZS48Yn I+

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 bG9nb3MvZH BFTHI5ZzRl WUk1RktONG JNUmkud2Vi cCIgYWx0PS JBZHZhbmNl ZCBNZWRpY2 FsIFNvbHV0 aW9ucyBHcm 91cCIgdGl0 bGU9IkFkdm FuY2VkIE1l ZGljYWwgU2 9sdXRpb25z IEdyb3VwIi AgY2xhc3M9 ImltZy1mbH VpZCIgaGVp Z2h0PTUwIH dpZHRoPTUw IGxvYWRpbm c9J2xhenkn IHN0eWxlPS dib3JkZXIt cmFkaXVzOi A2cHg7Jz4K CiAgICAgIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nZmxleD ogMTsgdGV4 dC1hbGlnbj ogY2VudGVy OyBtYXJnaW 4tbGVmdDog NXB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdmb250 LXNpemU6ID I2cHg7IGNv bG9yOiAjMz MzOyBtYXJn aW4tYm90dG 9tOiAxNXB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICDwn5OIIF dhbnQgdG8g cmVhZCBtb3 JlIGFib3V0 IEFkdmFuY2 VkIE1lZGlj YWwgU29sdX Rpb25zIEdy b3VwPwogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dpbmRleC5w aHA/cGFnZT 1zaWdudXAn IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JhY2tncm91 bmQtY29sb3 I6ICMwMDdC RkY7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBjb2xvcj ogI2ZmZjsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHBh ZGRpbmc6ID EwcHggMjBw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJvcmRlci 1yYWRpdXM6 IDVweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGZvbnQt d2VpZ2h0Oi Bib2xkOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgbWFy Z2luLXJpZ2 h0OiAxMHB4 OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dHJhbnNpdG lvbjogYmFj a2dyb3VuZC 1jb2xvciAw LjNzIGVhc2 U7JwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Agb25tb3Vz ZW92ZXI9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A1NmIzIicK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIG9u bW91c2VvdX Q9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA3QkZG Iic+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIGZvciBm cmVlCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxz cGFuIHN0eW xlPSdtYXJn aW46IDAgOH B4OyBjb2xv cjogIzU1NT snPm9yPC9z cGFuPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naW5kZXgu cGhwP3BhZ2 U9bG9naW4n IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG NvbG9yOiAj MDA3QkZGOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdG V4dC1kZWNv cmF0aW9uOi B1bmRlcmxp bmU7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBmb250LX dlaWdodDog NTAwOyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBsb2 cgaW4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgoKCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdtYXJnaW 4tdG9wOiAx NXB4OyBmb2 50LXNpemU6 IDEzcHg7IG ZvbnQtd2Vp Z2h0OiBib2 xkOyBjb2xv cjogI2QzMm YyZjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg8J+R pSBGcmVlIG VCb29rIGZv ciBuZXcgdX NlcnM6IDxp 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 ICAgIExTQk JaSFpoYm0g TmxaQ0JOWl dScCBZMkZz SUZOdmJIIF YwYVc5dWN5 QkggY205MW NDQW9RVSAx VEtTQnBjeU JoIElHeGxZ V1JwYm0gY2 daMnh2WW1G cyBJSEJ5Yj NacFpHIFZ5 SUc5bUlHbH UgYm05MllY UnBkbSBVZ1 lXNWtJSFJs IFkyaHViMn h2WjIgbGpZ V3hzZVNCaC BaSFpoYm1O bFpDIEIzYj NWdVpDQmog WVhKbElHRn VaQyBCemRY Sm5hV05oIG JDQnpiMngx ZEcgbHZibk 11UEdKeSBQ aTBnVkdobE lHIE52YlhC aGJua2cgZD JGeklHWnZk VyA1a1pXUW dhVzRnIE1U azVNU0JpZV MgQkVjaTRn VW1GbSBZV1 ZzSUVWemNH IEZrWVN3Z1 lTQnogZFhK blpXOXVJSC Bkb2J5Qnpi M1ZuIGFIUW dkRzhnWTMg SmxZWFJsSU hCeSBiMlIx WTNSeklIIF JvWVhRZ2Qy OTEgYkdRZ2 FXMXdjbSA5 MlpTQndZWF JwIFpXNTBJ RzkxZEcgTn ZiV1Z6SUdG dSBaQ0JrWl dOeVpXIEZ6 WlNCb1pXRn MgZEdoallY SmxJRyBOdm MzUnpManhp IGNqNHRJRU ZOVXkgQm9Z WE1nWVNCdy BjbVZ6Wlc1 alpTIEJwYm lCdmRtVnkg SURjMUlHTn ZkVyA1MGNt bGxjeXdnIG QybDBhQ0Jw ZEggTWdhR1 ZoWkhGMSBZ WEowWlhKek lHIHh2WTJG MFpXUWcgYV c0Z1EyaGxj MiBocGNtVX NJRlZ1IGFY UmxaQ0JMYV cgNW5aRzl0 TGp4aSBjaj R0SUZSb1pT IEJqYjIxd1 lXNTUgNG9D WmN5QndjbS A5a2RXTjBj eUJoIGNtVW dkWE5sWkMg QnBiaUJoSU hkcCBaR1Vn Y21GdVoyIF VnYjJZZ2JX VmsgYVdOaG JDQnpjRyBW amFXRnNkR2 xsIGN5d2dh VzVqYkggVm thVzVuSUhk diBkVzVrSU dOc2IzIE4x Y21Vc0lITn IgYVc0Z1lX Um9aWCBOcG RtVnpMQ0Jo IGJtUWdhVz VtWlcgTjBh Vzl1SUdOdi BiblJ5YjJ3 dVBHIEp5UG kwZ1FVMVQg SUdoaGN5Qm hJSCBOMGNt OXVaeUJtIG IyTjFjeUJ2 YmkgQnlaWE 5sWVhKaiBh Q0JoYm1RZ1 pHIFYyWld4 dmNHMWwgYm 5Rc0lIZHBk RyBnZ2IzWm xjaUExIE1D QndZWFJsYm 4gUnpJR2R5 WVc1MCBaV1 FnWVc1a0lH IDkyWlhJZ0 1UQXcgSUc1 bGR5QndjbS A5a2RXTjBj eUJzIFlYVn VZMmhsWkMg QnphVzVqWl NCcCBkSE1n YVc1alpYIE IwYVc5dUxq eGkgY2o0dE lFbHVJRCBJ d01qQXNJRU ZOIFV5QjNZ WE1nY20gRn VhMlZrSUdG eiBJSFJvWl NBNWRHIGdn Wm1GemRHVn ogZENCbmNt OTNhVyA1bk lHTnZiWEJo IGJua2dhVz RnZEcgaGxJ RlZMSUdGdS BaQ0F5Ym1R Z1ptIEZ6ZE dWemRDQm4g Y205M2FXNW 5JRyBobFlX eDBhR05oIG NtVWdZMjl0 Y0cgRnVlU0 JwYmlCRiBk WEp2Y0dVZ1 luIGtnZEdo bElFWnAgYm 1GdVkybGhi QyBCVWFXMW xjeTQ4IFlu SStMU0JVYU cgVWdZMjl0 Y0dGdSBlU0 JvWVhNZ2Qy IDl1SUcxMW JIUnAgY0d4 bElHRjNZWC BKa2N5Qm1i M0lnIGFYUn pJSEJ5YjIg UjFZM1J6SU dGdSBaQ0J6 WlhKMmFXIE 5sY3l3Z2FX NWogYkhWa2 FXNW5JSCBS b1pTQlJkV1 ZsIGJ1S0Ft WE1nUVggZG hjbVFnWm05 eSBJRVZ1ZE dWeWNIIEpw YzJVZ1lXNW sgSUhSb1pT Qk5aVyBScG JHbHVheUJP IGIzSjBhQ0 JYWlggTjBJ RWhsWVd4MC BhR05oY21V Z1FuIFZ6YV c1bGMzTWcg UVhkaGNtUX VQRyBKeVBp MGdRVTFUIE lHbHpJR052 YlcgMXBkSF JsWkNCMCBi eUJsYm5acG NtIDl1YldW dWRHRnMgSU hOMWMzUmhh VyA1aFltbH NhWFI1IElH RnVaQ0JvWV ggTWdhVzF3 YkdWdCBaVz UwWldRZ2My IFYyWlhKaG JDQnAgYm1s MGFXRjBhWC BabGN5QjBi eUJ5IFpXUj FZMlVnYVgg UnpJR05oY2 1KdiBiaUJt YjI5MGNIIE pwYm5Rc0lI TjEgWTJnZ1 lYTWdkWCBO cGJtY2djM1 Z6IGRHRnBi bUZpYkcgVW djR0ZqYTJG biBhVzVuSU dGdVpDIEJ5 WldSMVkybH UgWnlCM1lY TjBaUyBCcG JpQnBkSE1n IGJXRnVkV1 poWTMgUjFj bWx1WnlCdy BjbTlqWlhO elpYIE11UE dKeVBpMGcg VkdobElHTn ZiWCBCaGJu a2dhR0Z6IE lHRWdjM1J5 YjIgNW5JR0 52Y25CdiBj bUYwWlNCem IyIE5wWVd3 Z2NtVnogY0 c5dWMybGlh VyB4cGRIa2 djSEp2IFoz SmhiU3dnYz MgVndjRzl5 ZEdsdSBaeU IyWVhKcGIz IFZ6SUdOb1 lYSnAgZEds bGN5QmhibS BRZ2FXNXBk R2xoIGRHbD JaWE1nY20g VnNZWFJsWk NCMCBieUJv WldGc2RHIG hqWVhKbElH RnUgWkNCbF pIVmpZWCBS cGIyNHVQR0 p5IFBpMGdT VzRnY20gVn pjRzl1YzJV ZyBkRzhnZE dobElFIE5Q VmtsRUxURT UgSUhCaGJt UmxiVyBsak xDQkJUVk1n IFlXUmhjSF JsWkMgQnBk SE1nY0hKdi BaSFZqZEds dmJpIEJqWV hCaFltbHMg YVhScFpYTW dkRyA4Z2JX RnVkV1poIF kzUjFjbVVn WVcgNWtJSE 4xY0hCcyBl U0JvWVc1a0 lIIE5oYm1s MGFYcGwgY2 lCaGJtUWda bSBGalpTQn RZWE5yIGN5 QjBieUJvWl cgRnNkR2hq WVhKbCBJR1 poWTJsc2FY IFJwWlhNZ2 FXNGcgYm1W bFpDND0KIC AgICAgICA8 L3NwYW4+Ci AgICAgICAg CiAgICAgIC Ag