Navodilo za uporabo PHILIPS 227E3LHSU

[. . . ] (/ ZZZSKLOLSVFRPZHOFRPH 6/ 8SRUDEQLåNL SULUR QLN 2GSUDYOMDQMH WHçDY LQ SRJRVWD YSUDåDQMD 3RPR XSRUDEQLNRP LQ JDUDQFLMD . D]DOR YVHELQH 3RPHPEQR 9DUQRVWQL XNUHSL LQ Y]GUçHYDQMH 2SLVL VLPERORY 2GVWUDQMHYDQMH L]GHOND LQ PDWHULDOD HPEDODçH 1DPHVWLWHY PRQLWRUMD 1DPHVWLWHY 8SUDYOMDQMH PRQLWRUMD 2GVWUDQLWH VWRMDOR LQ SRGQRçMH 2SWLPL]DFLMD VOLNH 6PDUW, PDJH /LWH 6PDUW&RQWUDVW 3KLOLSV 6PDUW&RQWURO /LWH 3RZHU6HQVRU 7HKQL QH VSHFLÀNDFLMH /R OMLYRVW LQ SUHGQDVWDYOMHQL QD LQL 8SUDYOMDQMH QDSDMDQMD , QIRUPDFLMH R SUHGSLVLK 3RPR XSRUDEQLNRP LQ JDUDQFLMD 3KLOLSVRYD SROLWLND R QDSDNDK VOLNRYQLK SLN ]D PRQLWRUMH ] UDYQLP ]DVORQRP 3RPR XSRUDEQLNRP LQ JDUDQFLMD 2GSUDYOMDQMH WHçDY LQ SRJRVWD YSUDåDQMD 2GSUDYOMDQMH WHçDY 3RJRVWD YSUDåDQMD ]D 6PDUW&RQWURO /LWH 6SORåQD SRJRVWD YSUDåDQMD 3RPHPEQR 3RPHPEQR 7D HOHNWURQVNL XSRUDEQLåNL SULUR QLN MH QDPHQMHQ YVDNRPXU NL XSRUDEOMD PRQLWRU 3KLOLSV 9]HPLWH VL DV LQ SUHEHULWH WD XSRUDEQLåNL SULUR QLN SUHGHQ PRQLWRU ]D QHWH XSRUDEOMDWL 9VHEXMH SRPHPEQH LQIRUPDFLMH LQ SRGDWNH R XSUDYOMDQMX YDåHJD PRQLWRUMD 7R 3KLOLSVRYR MDPVWYR YHOMD SRG SRJRMHP GD ] L]GHONRP UDYQDWH QMHJRYL QDPHPEQRVWL SULPHUQR Y VNODGX ] XSRUDEQLåNLPL QDYRGLOL LQ RE SUHGORçLWYL RULJLQDOQHJD UD XQD DOL SRWUGLOD R SOD LOX QD NDWHUHP VR QDYHGHQL GDWXP QDNXSD LPH WUJRYFD LQ PRGHOD WHU SURGXNFLMVND åWHYLOND L]GHOND 9HV DV XSRUDEOMDMWH OH QDSDMDOQL NDEHO NL MH RGREUHQ V VWUDQL SRGMHWMD 3KLOLSV H QDSDMDOQL NDEHO PDQMND VH REUQLWH QD ORNDOQL VHUYLVQL FHQWHU 2EUQLWH VH QD , QIRUPDFLMVNL FHQWHU ]D SRPR LQ SRGSRUR VWUDQNDPSRWURåQLNRP 0HG GHORYDQMHP PRQLWRUMD QH L]SRVWDYOMDMWH UD]QLP YLEUDFLMDP DOL SRJRMHP Y NDWHULK EL VH ]DGHYDO RE GUXJH SUHGPHWH 1H XGDUMDMWH LQ QH L]SXå DMWH ]DVORQD PHG GHORYDQMHP DOL SUHYR]RP 9DUQRVWQL XNUHSL LQ Y]GUçHYDQMH 2SR]RULOD 8SRUDED NRQWURO SULODJRGLWHY DOL SRVWRSNRY NL QLVR QDYHGHQL Y WHM GRNXPHQWDFLML ODKNR SRY]UR L åRNH HOHNWUL QR LQDOL PHKDQVNR QHYDUQRVW 3UL SULNOMX LWYL DOL XSRUDEL UD XQDOQLåNHJD PRQLWRUMD SUHEHULWH LQ XSRåWHYDMWH WD QDYRGLOD 8SRUDED 1H L]SRVWDYOMDMWH ]DVORQD QHSRVUHGQL VRQ QL VYHWOREL QH SRVWDYOMDMWH JD Y EOLçLQR UDGLDWRUMD DOL GUXJHJD L]YRUD WRSORWH 2GVWUDQLWH SUHGPHWH NL EL ODKNR SDGOL Y UHçH LQ RGSUWLQH ]DVORQD DOL RQHPRJR LOL SUDYLOQR SUH]UD HYDQMH PRQLWRUMHYH HOHNWURQLNH 5HçH LQ RGSUWLQH QD RKLåMX ]DVORQD VR QDPHQMHQH SUH]UD HYDQMX ]DWR QH VPHMR ELWL SRNULWH . R QDPHå DWH ]DVORQ VH SUHSUL DMWH GD VWD QDSDMDOQL NDEHO LQ ]LGQD YWL QLFD ]ODKND GRVWRSQD H ERVWH L]NOMX LOL ]DVORQ WDNR GD ERVWH L]WDNQLOL QDSDMDOQL NDEHO L] ]LGQH YWL QLFH DOL L] NRQHNWRUMD QD KUEWQL VWUDQL ]DVORQD SR DNDMWH VHNXQG SUHGHQ JD SRQRYQR YNOMX LWH 9]GUçHYDQMH =D ]Då LWR PRQLWRUMD SUHG PRçQLPL SRåNRGEDPL QD ]DVORQ /&' QH SULWLVNDMWH PR QR 3UL SUHPLNDQMX DOL GYLJRYDQMX ]DVORQD ]D RSULMHPQR WR NR XSRUDEOMDMWH RKLåMH ]DVORQD = URNR DOL SUVWL QH RSULMHPDMWH /&' SRYUåLQH H PRQLWRUMD GROJR DVD QH ERVWH XSRUDEOMDOL JD L]NOMX LWH L] QDSDMDOQHJD RPUHçMD , ] QDSDMDOQHJD RPUHçMD JD L]NOMX LWH WXGL NR JD çHOLWH SR LVWLWL 3UL WHP XSRUDELWH UDKOR QDYODçHQR PHKNR NUSR =DVORQ ODKNR SR LVWLWH ] YODçQR NUSR OH NDGDU MH QDSDMDQMH L]NOMX HQR =D Lå HQMH PRQLWRUMD QLNROL QH XSRUDEOMDMWH RUJDQVNLK WRSLO NRW MH QSU DONRKRO DOL DPRQLMDNRYL SUHSDUDWL 'D VH L]RJQHWH QHYDUQRVWL NUDWNHJD VWLND DOL WUDMQL SRåNRGEL L]GHOND PRQLWRUMD QH L]SRVWDYOMDMWH SUDKX GHçMX YRGL DOL SUHWLUDQR YODçQHPX RNROMX H PRQLWRU SRVWDQH PRNHU JD WDNRM REULåLWH V VXKR PHKNR NUSR H Y QRWUDQMRVW PRQLWRUMD ]DLGH WXMD VQRY DOL YRGD WDNRM L]NOMX LWH PRQLWRU LQ L]WDNQLWH QDSDMDOQL NDEHO L] ]LGQH YWL QLFH 1DWR RGVWUDQLWH VQRY DOL YRGR LQ JD SRåOMLWH Y FHQWHU ]D Y]GUçHYDQMH 0RQLWRUMD QH VKUDQMXMWH QD PHVWLK NL VR L]SRVWDYOMHQD YUR LQL QHSRVUHGQL VRQ QL VYHWOREL DOL HNVWUHPQHPX PUD]X =D QDMEROMåH GHORYDQMH LQ GROJR çLYOMHQMVNR GRER YDåHJD PRQLWRUMD XSRUDEOMDMWH 3RPHPEQR PRQLWRU Y SURVWRULK NL XVWUH]DMR QDVOHGQMLP WHPSHUDWXUQLP LQ YODçQRVWQLP SRJRMHP 7HPSHUDWXUD & ) 9ODJD 5+ 320(0%12 . R PRQLWRU SXVWLWH EUH] QDG]RUD YHGQR DNWLYLUDMWH SUHPLNDMR L VH RKUDQMHYDOQLN ]DVORQD H ER PRQLWRU SULND]RYDO QHVSUHPHQOMLYR LQ VWDWL QR YVHELQR YHGQR DNWLYLUDMWH DSOLNDFLMR ]D SHULRGL QR RVYHçHYDQMH ]DVORQD 1HSUHNLQMHQR GDOMåH SULND]RYDQMH VWDWL QLK VOLN ODKNR QD ]DVORQX SRY]UR L ª]DSH HQR© VOLNR SR]QDQR WXGL NRW ªRVWDOD© DOL ªPHJOHQD VOLND© 9 WHKQRORJLML /&' SORå VR ª]DSH HQD© ªRVWDOD© DOL ªPHJOHQD VOLND© GREUR SR]QDQ SRMDY 9 YH LQL SULPHURY ª]DSH HQD© ªRVWDOD© DOL ªPHJOHQD VOLND© L]JLQH SRVWRSRPD QHNDM DVD SR L]NOMX LWYL PRQLWRUMD 2SLVL VLPERORY 1DVOHGQMD SRGSRJODYMD RSLVXMHMR GRJRYRUMHQH VLPEROH L] WHJD GRNXPHQWD 2SRPEH RSR]RULOD LQ VYDULOD 'HOL EHVHGLOD Y WHK QDYRGLOLK ODKNR YNOMX XMHMR LNRQH R]LURPD VR QDWLVQMHQL Y NUHSNHP DOL OHçH HP WLVNX 7L GHOL YVHEXMHMR RSRPEH RSR]RULOD DOL VYDULOD 8SRUDEOMDMR VH QD QDVOHGQML QD LQ 2SRPED 7D LNRQD R]QD XMH SRPHPEQH LQIRUPDFLMH LQ QDVYHWH ]D EROMåR XSRUDER UD XQDOQLåNHJD VLVWHPD 3R]RU 7D LNRQD R]QD XMH LQIRUPDFLMH R SUHSUH HYDQMX SRåNRGE QD VWURMQL RSUHPL DOL L]JXEH SRGDWNRY 2SR]RULOR 7D LNRQD R]QD XMH QHYDUQRVW QDVWDQND WHOHVQLK SRåNRGE LQ QDYRGLOD R SUHSUH HYDQMX OHWHK 1HNDWHUD RSR]RULOD VH SRMDYOMDMR WXGL Y GUXJHP IRUPDWX LQ QH YNOMX XMHMR LNRQ 9 WDNåQLK SULPHULK VR RSR]RULOD GROR HQD V VWUDQL SULVWRMQHJD ]DNRQRGDMQHJD RUJDQD 2SR]RULOR 'ROR HQL VLPSWRPL ª]DSHNH© ªNDVQHMåLK VOLN© DOL ªSULND]RYDQMD GXKRY© QH ERGR L]JLQLOL LQ MLK QL PRçQR SRSUDYLWL =JRUDM RPHQMHQH åNRGH JDUDQFLMD QH SRNULYD 6HUYLV 2KLåMH ]DVORQD ODKNR RGSUH OH SRREODå HQR VHUYLVQR RVHEMH H MH SRWUHEHQ NDNUåHQ NROL GRNXPHQW ]D SRSUDYLOR DOL QDVWDYLWHY VH REUQLWH QD ORNDOQL VHUYLVQL FHQWHU JOHMWH SRJODYMH ª, QIRUPDFLMVNL FHQWHU© =D LQIRUPDFLMH R WUDQVSRUWX JOHMWH ª7HFKQLFDO 6SHFLÀFDWLRQV© 7HKQL QD VSHFLÀNDFLMD 1H SXVWLWH YDåHJD PRQLWRUMD Y YR]LOX SRG YSOLYRP QHSRVUHGQH VRQ QH VYHWOREH 2SRPED H PRQLWRU QH GHOXMH QRUPDOQR DOL H QLVWH SUHSUL DQL NDWHUL SRVWRSHN PRUDWH L]EUDWL Y WHK QDYRGLOLK ]D XSRUDER VH SRVYHWXMWH V SRREODå HQLP VHUYLVQLP WHKQLNRP 3RPHPEQR 2GVWUDQMHYDQMH L]GHOND LQ PDWHULDOD HPEDODçH 'LUHNWLYD R UDYQDQMX ] RGSDGQR HOHNWUL QR LQ HOHNWURQVNR RSUHPR :(((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ÀFH WKH ZDVWH GLVSRVDO RUJDQL]DWLRQ WKDW VHUYHV \RXU KRXVHKROG RU WKH VWRUH DW ZKLFK \RX SXUFKDVHG WKH SURGXFW <RXU QHZ PRQLWRU FRQWDLQV PDWHULDOV WKDW FDQ EH UHF\FOHG DQG UHXVHG 6SHFLDOL]HG FRPSDQLHV FDQ UHF\FOH \RXU SURGXFW WR LQFUHDVH WKH DPRXQW RI UHXVDEOH PDWHULDOV DQG WR PLQLPL]H WKH DPRXQW WR EH GLVSRVHG RI $OO UHGXQGDQW SDFNLQJ PDWHULDO KDV EHHQ RPLWWHG :H KDYH GRQH RXU XWPRVW WR PDNH WKH SDFNDJLQJ HDVLO\ VHSDUDEOH LQWR PRQR PDWHULDOV 3OHDVH ÀQG RXW DERXW WKH ORFDO UHJXODWLRQV RQ KRZ WR GLVSRVH RI \RXU ROG PRQLWRU DQG SDFNLQJ IURP \RXU VDOHV UHSUHVHQWDWLYH 1DPHVWLWHY PRQLWRUMD 1DPHVWLWHY PRQLWRUMD 1DPHVWLWHY 9VHELQD SDNHWD 5HJLVWHU \RXU SURGXFW DQG JHW VXSSRUW DW 1DPHVWLWHY SRGQRçMD 3RORçLWH PRQLWRU V SUHGQMR SORVNYLMR QD PHKNR LQ JODGNR SRYUåLQR SUL WHP SD ERGLWH SR]RUQL GD QH RGUJQHWH DOL SRåNRGXMHWH SRYUåLQH ]DVORQD ( ZZZSKLOLSVFRPZHOFRPH 6WDUW 3RGQRçMH PRQLWRUMD GUçLWH ] REHPD URNDPD LQ JD WUGQR QDPHVWLWH QD VWRMDOR  3RGQRçMH QHçQR QDPHVWLWH QD VWRMDOR GD VH WR ]DNOHQH ] ]DNOHSRP  6 SUVWL SULYLMWH YLMDN NL VH QDKDMD QD GQX SRGQRçMD LQ SRGQRçMH WUGQR SULWUGLWH QD VWRMDOR $YGLR NDEHO RSFLMVNR 4XLFN 9*$ RSFLMD '9, RSFLMD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ç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 , QWHUQHW *DPH , JUH =D YNORS LQ L]NORS QDSDMDQMD PRQLWRUMD =D GRVWRS GR ]DVORQVNHJD PHQLMD 9UQLWH VH Y SUHGKRGQL PHQL 26' 6SUHPHQLWH QD SULND] =D SULODJRGLWHY ]DVORQVNHJD PHQLMD =D VSUHPHPER YLUD YKRGD VLJQDOD 6PDUWLPDJH /LWH , ]ELUDWH ODKNR PHG WUHPL QD LQL 6WDQGDUG 6WDQGDUGQR , QWHUQHW *DPH , JUH 1DPHVWLWHY PRQLWRUMD 0RGHO (/3+ 2SLV SULND]D QD ]DVORQX . DM MH 2Q6FUHHQ 'LVSOD\ 26' R] ]DVORQVNL SULND]" =D YNORS LQ L]NORS QDSDMDQMD PRQLWRUMD =D GRVWRS GR ]DVORQVNHJD PHQLMD 9UQLWH VH Y SUHGKRGQL PHQL 26' =D QDVWDYLWHY UDYQL VHQ]RUMD ]D VDPRGHMQL QDG]RU RVYHWOLWYH Y R]DGMX =D SULODJRGLWHY ]DVORQVNHJD PHQLMD =D VSUHPHPER YLUD YKRGD VLJQDOD 6PDUWLPDJH /LWH , ]ELUDWH ODKNR PHG WUHPL QD LQL 6WDQGDUG 6WDQGDUGQR , QWHUQHW *DPH , JUH 9LUWXDOQR SRJRYRUQR RNHQFH 26' MH ODVWQRVW YVHK 3KLOLSVRYLK /&' ]DVORQRY /HWD RPRJR D NRQ QHPX XSRUDEQLNX QDVWDYLWHY ]DVORQD DOL L]ELUR çHOHQLK IXQNFLM PRQLWRUMD QHSRVUHGQR SUHNR YLUWXDOQHJD SRJRYRUQHJD RNQD 8SRUDEQLNX SULMD]HQ YPHVQLN ]DVORQVNHJD SULND]D MH YLGHWL WDNR 0RGHO (/ , QSXW 9*$ '9, 3LFWXUH &RORU /DQJXDJH 26' 6HWWLQJV 0RGHO (/+ , QSXW 9*$ '9, +'0, 3LFWXUH $XGLR &RORU /DQJXDJH 0RGHO (/3+ 3RZHU 6HQVRU 2Q 2II , QSXW 3LFWXUH $XGLR &RORU 1DPHVWLWHY PRQLWRUMD 2VQRYQD LQ SUHSURVWD QDYRGLOD ]D QDG]RUQH WLSNH 1D ]JRUDM SULND]DQHP ]DVORQVNHP PHQLMX QD VSUHGQML VWUDQL RNYLUMD SULWLVQLWH JXPED ]DVORQD GD SUHPDNQHWH ND]DOQLN LQ SULWLVQLWH JXPE 2. [. . . ] 6PDUW, PDJH /LWH 0 +] ² +] N+] ² N+] '$ '9, GLJLWDOQL 9*$ DQDORJQL +'0, QD YROMR ]D PRGHOD (/+ (/3+ /R HQL VLQKURQL]LUDQL VLQKURQL]LUDQL ] ]HOHQLP VLJQDORP (/ (/+ (/3+ DQJOHå LQD IUDQFRå LQD QHPå LQD LWDOLMDQå LQD UXå LQD åSDQå LQD SRHQRVWDYOMHQD NLWDMå LQD SRUWXJDOå LQD WXUå LQD . HQVLQJWRQ NOMX DYQLFD ''&&, V5*% :LQGRZV 9LVWD;3 0DF 26; /LQX[ : : : : : : 7HKQL QH VSHFLÀNDFLMH , ]NORS 2GGDMDQMH WRSORWH 2EL DMQR GHORYDQMH 6SDQMH , ]NORS , QGLNDWRU /(' ]D YNORS 1DSDMDQMH 'LPHQ]LMH , ]GHOHN V VWRMDORP ä[9[* , ]GHOHN EUH] VWRMDOD ä[9[* 7HçD , ]GHOHN V VWRMDORP , ]GHOHN EUH] VWRMDOD , ]GHOHN ] HPEDODçR 'HORYQR REPR MH 7HPSHUDWXUQL UD]SRQ GHORYDQMH 7HPSHUDWXUQR REPR MH 1HGHORYDQMH 5HODWLYQD YODJD 1DGPRUVND YLåLQD 07%) 2NROMH 52+6 (3($7 (PEDODçD 6NODGQRVW LQ VWDQGDUGL 5HJXODWLYQH RGREULWYH 2KLåMH %DUYD 3UHYOHND 2SRPED : : : $& GYRVPHUQD $& GYRVPHUQD $& GYRVPHUQD YKRGQD QDSHWRVW YKRGQD QDSHWRVW YKRGQD QDSHWRVW 9$& 9$& 9$& 9$& +] 9$& +] 9$& +] +] +] +] %78K %78K %78K %78K %78K %78K %78K %78K %78K 9NOMX HQ QD LQ %HOH EDUYH 6WDQMH SULSUDYOMHQRVWLVSDQMH %HOH EDUYH XWULSD 9JUDMHQ 9$& +] [ [ PP [ [ PP NJ NJ NJ & GR & & GR & GR 8SRUDED HYOMHY P 1HGHORYDQMH HYOMHY P XU '$ 6UHEUQL ZZZHSHDWQHW PRçQRVW UHFLNOLUDQMD 2]QDND &( )&& $PHULåND NRPLVLMD ]D ]YH]QH NRPXQLNDFLMH UD]UHG % 6(0. 2 FHUWLÀNDW 7&2 8/F8/ %60, , 62 UQD ]DGDM PRGUD VSUHGDM 6YHWOH =ODWL LQ VUHEUQL (3($7 YHOMDWD OH WDP NMHU 3KLOLSV UHJLVWULUD L]GHOHN =D VWDQMH UHJLVWUDFLMH Y YDåL GUçDYL RELå LWH ZZZHSHDWQHW 7L SRGDWNL VH ODKNR VSUHPHQLMR EUH] SUHGKRGQHJD RSR]RULOD 3RMGLWH QD ZZZSKLOLSVFRPVXSSRUW ]D SUHQRV QDMQRYHMåH UD]OL LFH OHWDND 7HKQL QH VSHFLÀNDFLMH /R OMLYRVW LQ SUHGQDVWDYOMHQL QD LQL 0DNVLPDOQD OR OMLYRVW [ SUL +] DQDORJQL SULNORS [ SUL +] DQDORJQL SULNORS 3ULSRUR HQD OR OMLYRVW [ SUL +] DQDORJQL SULNORS =DSLV L S L S S L S /R OMLYRVW [ [ [ [ [ [ [ 7LS 9 IUHNY +] 6' 6' 6' 6' +' +' +' 2SRPED 9Då PRQLWRU QDMEROMH GHOXMH SUL QDUDYQL OR OMLYRVWL [ SUL +] =D QDMEROMåL SULND] SURVLPR XSRUDEOMDMWH WR OR OMLYRVW 8SUDYOMDQMH QDSDMDQMD 8SUDYOMDQMH QDSDMDQMD H LPDWH Y UD XQDOQLNX QDPHå HQR JUDÀ QR NDUWLFR DOL SURJUDPVNR RSUHPR VNODGQR ] 9(6$ '30 ODKNR PRQLWRU VDPRGHMQR ]PDQMåD SRUDER HQHUJLMH NR QL Y XSRUDEL H VLVWHP ]D]QD YQRV V WLSNRYQLFH PLåNH DOL GUXJH QDSUDYH VH ER PRQLWRU VDPRGHMQR SUHEXGLO 1DVOHGQMD WDEHOD SULND]XMH SRUDER HQHUJLMH LQ R]QD HYDQMH SRVDPH]QH IXQNFLMH VDPRGHMQHJD YDU HYDQMD ] HQHUJLMR 'HÀQLFLMD XSUDYOMDQMD ] HQHUJLMR 1D LQ 9(6$ 9LGHR +VLQKUR 9VLQKUR QL]DFLMD QL]DFLMD $NWLYQR 6SDQMH , ]NOMX HQR 9. / , =. / , =. / 'D 1H 'D 1H 3RUDEOMHQD HQHUJLMD : REL DMQR : REL DMQR : REL DMQR %DUYD OX NH /(' %HOD %HOD XWULSD , =. / =D PHULWHY SRUDEH HQHUJLMH VR XSRUDEOMHQH QDVOHGQMH QDVWDYLWYH 3ULY]HWD OR OMLYRVW [ . RQWUDVW 6YHWORVW QLW 7HPSHUDWXUD EDUYH N ] Y]RUFHP SROQH EHOH 2SRPED 7L SRGDWNL VH ODKNR VSUHPHQLMR EUH] SUHGKRGQHJD RSR]RULOD , QIRUPDFLMH R SUHGSLVLK , QIRUPDFLMH R SUHGSLVLK /HDGIUHH 3URGXFW /HDG IUHH GLVSOD\ SURPRWHV HQYLURQPHQWDOO\ VRXQG UHFRYHU\ DQG GLVSRVDO RI ZDVWH IURP HOHFWULFDO DQG HOHFWURQLF HTXLSPHQW 7R[LF VXEVWDQFHV OLNH /HDG KDV EHHQ HOLPLQDWHG DQG FRPSOLDQFH ZLWK (XURSHDQ FRPPXQLW\·V VWULQJHQW 5R+V GLUHFWLYH PDQGDWLQJ UHVWULFWLRQV RQ KD]DUGRXV VXEVWDQFHV LQ HOHFWULFDO DQG HOHFWURQLF HTXLSPHQW KDYH EHHQ DGKHUHG WR LQ RUGHU WR PDNH 3KLOLSV PRQLWRUV VDIH WR XVH WKURXJKRXW LWV OLIH F\FOH &RQJUDWXODWLRQV 7KLV GLVSOD\ LV GHVLJQHG IRU ERWK \RX DQG WKH SODQHW 7KH GLVSOD\ \RX KDYH MXVW SXUFKDVHG FDUULHV WKH 7&2 &HUWLÀHG ODEHO 7KLV HQVXUHV WKDW \RXU GLVSOD\ LV GHVLJQHG PDQXIDFWXUHG DQG WHVWHG DFFRUGLQJ WR VRPH RI WKH VWULFWHVW TXDOLW\ DQG HQYLURQPHQWDO UHTXLUHPHQWV LQ WKH ZRUOG 7KLV PDNHV IRU D KLJK SHUIRUPDQFH SURGXFW GHVLJQHG ZLWK WKH XVHU LQ IRFXV WKDW DOVR PLQLPL]HV WKH LPSDFW RQ WKH FOLPDWH DQG RXU QDWXUDO HQYLURQPHQW 7&2 &HUWLÀHG LV D WKLUG SDUW\ YHULÀHG SURJUDP ZKHUH HYHU\ SURGXFW PRGHO LV WHVWHG E\ DQ DFFUHGLWHG LPSDUWLDO WHVW ODERUDWRU\ 7&2 &HUWLÀHG UHSUHVHQWV RQH RI WKH WRXJKHVW FHUWLÀFDWLRQV IRU GLVSOD\V ZRUOGZLGH 6RPH RI WKH 8VDELOLW\ IHDWXUHV RI WKH 7&2 &HUWLÀHG IRU GLVSOD\V 9LVXDO HUJRQRPLFV IRU JRRG LPDJH TXDOLW\ LV WHVWHG WR HQVXUH WRS SHUIRUPDQFH DQG UHGXFH VLJKW DQG VWUDLQ SUREOHPV , PSRUWDQW SDUDPHWHUV DUH OXPLQDQFH FRQWUDVW UHVROXWLRQ EODFN OHYHO JDPPD FXUYH FRORXU DQG OXPLQDQFH XQLIRUPLW\ DQG FRORXU UHQGHULQJ 3URGXFWV DUH WHVWHG DFFRUGLQJ WR ULJRURXV VDIHW\ VWDQGDUGV DW LPSDUWLDO ODERUDWRULHV (OHFWULF DQG PDJQHWLF ILHOGV HPLVVLRQV DV ORZ DV QRUPDO KRXVHKROG EDFNJURXQG OHYHOV /RZ DFRXVWLF QRLVH HPLVVLRQV ZKHQ DSSOLFDEOH 6RPH RI WKH (QYLURQPHQWDO IHDWXUHV RI WKH 7&2 &HUWLÀHG IRU GLVSOD\V 7KH EUDQG RZQHU GHPRQVWUDWHV FRUSRUDWH VRFLDO UHVSRQVLELOLW\ DQG KDV D FHUWLILHG HQYLURQPHQWDO PDQDJHPHQW V\VWHP (0$6 RU , 62  9HU\ ORZ HQHUJ\ FRQVXPSWLRQ ERWK LQ RQ DQG VWDQGE\ PRGH PLQLPL]H FOLPDWH LPSDFW 5HVWULFWLRQV RQ FKORULQDWHG DQG EURPLQDWHG IODPH UHWDUGDQWV SODVWLFL]HUV SODVWLFV DQG KHDY\ PHWDOV VXFK DV FDGPLXP PHUFXU\ DQG OHDG 5R+6 FRPSOLDQFH %RWK SURGXFW DQG SURGXFW SDFNDJLQJ LV SUHSDUHG IRU UHF\FOLQJ 7KH EUDQG RZQHU RIIHUV WDNHEDFN RSWLRQV 7KH UHTXLUHPHQWV FDQ EH GRZQORDGHG IURP RXU ZHE VLWH 7KH UHTXLUHPHQWV LQFOXGHG LQ WKLV ODEHO KDYH EHHQ GHYHORSHG E\ 7&2 'HYHORSPHQW LQ FRRSHUDWLRQ ZLWK VFLHQWLVWV H[SHUWV XVHUV DV ZHOO DV PDQXIDFWXUHUV DOO RYHU WKH ZRUOG 6LQFH WKH HQG RI WKH V 7&2 KDV EHHQ LQYROYHG LQ LQÁXHQFLQJ WKH GHYHORSPHQW RI , 7 HTXLSPHQW LQ D PRUH XVHUIULHQGO\ GLUHFWLRQ 2XU ODEHOLQJ V\VWHP VWDUWHG ZLWK GLVSOD\V LQ DQG LV QRZ UHTXHVWHG E\ XVHUV DQG , 7PDQXIDFWXUHUV DOO RYHU WKH ZRUOG $ERXW RI DOO GLVSOD\V ZRUOGZLGH DUH 7&2 FHUWLÀHG )RU PRUH LQIRUPDWLRQ SOHDVH YLVLW ZZZWFRGHYHORSPHQWFRP 7&2) 7&2 'RFXPHQW 9HU 7HFKQRORJ\ IRU \RX DQG WKH SODQHW , QIRUPDFLMH R SUHGSLVLK (3($7 ZZZHSHDWQHW ´7KH (3($7 (OHFWURQLF 3URGXFW (QYLURQPHQWDO $VVHVVPHQW 7RRO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µ %HQHÀWV RI (3($7 5HGXFH XVH RI SULPDU\ PDWHULDOV 5HGXFH XVH RI WR[LF PDWHULDOV $YRLG WKH GLVSRVDO RI KD]DUGRXV ZDVWH (3($7·6 UHTXLUHPHQW WKDW DOO UHJLVWHUHG SURGXFWV PHHW (1(5*< 67$5·V HQHUJ\ HIÀFLHQF\ VSHFLÀFDWLRQV PHDQV WKDW WKHVH SURGXFWV ZLOO FRQVXPH OHVV HQHUJ\ WKURXJKRXW WKHLU OLIH &( 'HFODUDWLRQ RI &RQIRUPLW\ 7KLV SURGXFW LV LQ FRQIRUPLW\ ZLWK WKH IROORZLQJ VWDQGDUGV (1 6DIHW\ UHTXLUHPHQW RI , QIRUPDWLRQ 7HFKQRORJ\ (TXLSPHQW (1 5DGLR 'LVWXUEDQFH UHTXLUHPHQW RI , QIRUPDWLRQ 7HFKQRORJ\ (TXLSPHQW (1$$ , PPXQLW\ UHTXLUHPHQW RI , QIRUPDWLRQ 7HFKQRORJ\ (TXLSPHQW (1 /LPLWV IRU +DUPRQLF &XUUHQW (PLVVLRQ (1$$ /LPLWDWLRQ RI 9ROWDJH )OXFWXDWLRQ DQG )OLFNHU IROORZLQJ SURYLVLRQV RI GLUHFWLYHV DSSOLFDEOH (& /RZ 9ROWDJH 'LUHFWLYH (& (0& 'LUHFWLYH (& (X3 'LUHFWLYH (& 1R PSOHPHQWLQJ 'LUHFWLYH IRU 6WDQGE\ DQG 2II PRGH SRZHU FRQVXPSWLRQ DQG LV SURGXFHG E\ D PDQXIDFWXULQJ RUJDQL]DWLRQ RQ , 62 OHYHO 7KH SURGXFW DOVR FRPSO\ ZLWK WKH IROORZLQJ VWDQGDUGV , 62 (UJRQRPLF UHTXLUHPHQW $QDO\VLV DQG FRPSOLDQFH WHVW PHWKRGV IRU HOHFWURQLF YLVXDO GLVSOD\V *6 (. *6 PDUN UHTXLUHPHQW SU(1 /RZ )UHTXHQF\ (OHFWULF DQG 0DJQHWLF ILHOGV IRU 9LVXDO 'LVSOD\ 035, , 035 /RZ )UHTXHQF\ (OHFWULF DQG 0DJQHWLF ILHOGV 7&2 &(57, ), (' 5HTXLUHPHQW IRU (QYLURQPHQW /DEHOLQJ RI (UJRQRPLFV (QHUJ\ (FRORJ\ DQG (PLVVLRQ 7&2 6ZHGLVK &RQIHGHUDWLRQ RI 3URIHVVLRQDO (PSOR\HHV IRU 7&2 YHUVLRQV , QIRUPDFLMH R SUHGSLVLK (QHUJ\ 6WDU 'HFODUDWLRQ ZZZHQHUJ\VWDUJRY $V DQ (1(5*< 67$5 3DUWQHU ZH KDYH GHWHUPLQHG WKDW WKLV SURGXFW PHHWV WKH (1(5*< 67$5 JXLGHOLQHV IRU HQHUJ\ HIÀFLHQF\ 1RWH :H UHFRPPHQG \RX VZLWFK RII WKH PRQLWRU ZKHQ LW LV QRW LQ XVH IRU D ORQJ WLPH )HGHUDO &RPPXQLFDWLRQV &RPPLVVLRQ )&& 1RWLFH 86 2QO\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ÀFDWLRQV QRW H[SUHVVO\ DSSURYHG E\ WKH SDUW\ UHVSRQVLEOH IRU FRPSOLDQFH FRXOG YRLG WKH XVHU V DXWKRULW\ WR RSHUDWH WKH HTXLSPHQW 8VH RQO\ 5) VKLHOGHG FDEOH WKDW ZDV VXSSOLHG ZLWK WKH PRQLWRU ZKHQ FRQQHFWLQJ WKLV PRQLWRU WR D FRPSXWHU GHYLFH 7R SUHYHQW GDPDJH ZKLFK PD\ UHVXOW LQ ÀUH RU VKRFN KD]DUG GR QRW H[SRVH WKLV DSSOLDQFH WR UDLQ RU H[FHVVLYH PRLVWXUH 7+, 6 &/$66 % ', *, 7$/ $33$5$786 0((76 $// 5(48, 5(0(176 2) 7+( &$1$', $1 , 17(5)(5(1&(&$86, 1* (48, 30(17 5(*8/$7, 216 )&& 'HFODUDWLRQ RI &RQIRUPLW\ 'HFODUDWLRQ RI &RQIRUPLW\ IRU 3URGXFWV 0DUNHG ZLWK )&& /RJR 8QLWHG 6WDWHV 2QO\ 7KLV GHYLFH FRPSOLHV ZLWK 3DUW RI WKH )&& 5XOHV 2SHUDWLRQ LV VXEMHFW WR WKH IROORZLQJ WZR FRQGLWLRQV  WKLV GHYLFH PD\ QRW FDXVH KDUPIXO LQWHUIHUHQFH DQG  WKLV GHYLFH PXVW DFFHSW DQ\ LQWHUIHUHQFH UHFHLYHG LQFOXGLQJ LQWHUIHUHQFH WKDW PD\ FDXVH XQGHVLUHG RSHUDWLRQ &RPPLVVLRQ )HGHUDOH GH OD &RPPXQLFDWLRQ )&& 'HFODUDWLRQ &HW pTXLSHPHQW D pWp WHVWp HW GpFODUp FRQIRUPH DX[OLPLWHV GHV DSSDUHLOV QXPpULTXHV GH FODVV %DX[ WHUPHV GH O DUWLFOH 'HV UqJOHV GH OD )&& &HV OLPLWHV VRQW FRQoXHV GH IDoRQ j IRXULU XQH SURWHFWLRQ UDLVRQQDEOH FRQWUH OHV LQWHUIpUHQFHV QXLVLEOHV GDQV OH FDGUH G XQH LQVWDOODWLRQ UpVLGHQWLHOOH &(7 DSSDUHLO SURGXLW XWLOLVH HW SHXW pPHWWUH GHV K\SHUIUpTXHQFHV TXL VL O DSSDUHLO Q HVW SDV LQVWDOOp HW XWLOLVp VHORQ OHV FRQVLJQHV GRQQpHV SHXYHQW FDXVHU GHV LQWHUIpUHQFHV QXLVLEOHV DX[ FRPPXQLFDWLRQV UDGLR , QIRUPDFLMH R SUHGSLVLK &HSHQGDQW ULHQ QH SHXW JDUDQWLU O DEVHQFH G LQWHUIpUHQFHV GDQV OH FDGUH G XQH LQVWDOODWLRQ SDUWLFXOLqUH 6L FHW DSSDUHLO HVW OD FDXVH G LQWHUIpUHQFHV QXLVLEOHV SRXU OD UpFHSWLRQ GHV VLJQDX[ GH UDGLR RX GH WpOpYLVLRQ FH TXL SHXW rWUH GpFHOp HQ IHUPDQW O pTXLSHPHQW SXLV HQ OH UHPHWWDQW HQ IRQFWLRQ O XWLOLVDWHXU SRXUUDLW HVVD\HU GH FRUULJHU OD VLWXDWLRQ HQ SUHQDQW OHV PHVXUHV VXLYDQWHV 5pRULHQWHU RX GpSODFHU O·DQWHQQH GH UpFHSWLRQ $XJPHQWHU OD GLVWDQFH HQWUH O·pTXLSHPHQW HW OH UpFHSWHXU %UDQFKHU O·pTXLSHPHQW VXU XQ DXWUH FLUFXLW TXH FHOXL XWLOLVp SDU OH UpFHSWHXU 'HPDQGHU O·DLGH GX PDUFKDQG RX G·XQ WHFKQLFLHQ FKHYURQQp HQ UDGLRWpOpYLVLRQ 7RXWHV PRGLÀFDWLRQV Q D\DQW SDV UHoX O DSSUREDWLRQ GHV VHUYLFHV FRPSpWHQWV HQ PDWLqUH GH FRQIRUPLWp HVW VXVFHSWLEOH G LQWHUGLUH j O XWLOLVDWHXU O XVDJH GX SUpVHQW pTXLSHPHQW 1 XWLOLVHU TXH GHV FkEOHV 5) DUPpV SRXU OHV FRQQHFWLRQV DYHF GHV RUGLQDWHXUV RX SpULSKpULTXHV &(7 $33$5(, / 180(5, 48( '( /$ &/$66( % 5(63(&7( 7287(6 /(6 (;, *(1&(6 '8 5(*/(0(17 685 /( 0$7(5, (/ %528, //(85 '8 &$1$'$ (1 &RPSOLDQFH &]HFK 5HSXEOLF 2QO\ 3ROLVK &HQWHU IRU 7HVWLQJ DQG &HUWLÀFDWLRQ 1RWLFH 7KH HTXLSPHQW VKRXOG GUDZ SRZHU IURP D VRFNHW ZLWK DQ DWWDFKHG SURWHFWLRQ FLUFXLW D WKUHHSURQJ VRFNHW $OO HTXLSPHQW WKDW ZRUNV WRJHWKHU FRPSXWHU PRQLWRU SULQWHU DQG VR RQ VKRXOG KDYH WKH VDPH SRZHU VXSSO\ VRXUFH 7KH SKDVLQJ FRQGXFWRU RI WKH URRP V HOHFWULFDO LQVWDOODWLRQ VKRXOG KDYH D UHVHUYH VKRUWFLUFXLW SURWHFWLRQ GHYLFH LQ WKH IRUP RI D IXVH ZLWK D QRPLQDO YDOXH QR ODUJHU WKDQ DPSHUHV $ 7R FRPSOHWHO\ VZLWFK RII WKH HTXLSPHQW WKH SRZHU VXSSO\ FDEOH PXVW EH UHPRYHG IURP WKH SRZHU VXSSO\ VRFNHW ZKLFK VKRXOG EH ORFDWHG QHDU WKH HTXLSPHQW DQG HDVLO\ DFFHVVLEOH $ SURWHFWLRQ PDUN % FRQÀUPV WKDW WKH HTXLSPHQW LV LQ FRPSOLDQFH ZLWK WKH SURWHFWLRQ XVDJH UHTXLUHPHQWV RI VWDQGDUGV 317 DQG 31( , QIRUPDFLMH R SUHGSLVLK 1RUWK (XURSH 1RUGLF &RXQWULHV , QIRUPDWLRQ 3ODFHULQJ9HQWLODWLRQ 9$51, 1* )g56b. 5$ ', * 20 $77 +898'%5<7$5( 2&+ 877$* b5 /b7c7. 20/, *$ 1b5 '8 67b//(5 ', 1 8758671, 1* 3c3/$76 3ODFHULQJ9HQWLODWLRQ $'9$56(/ 65* 9(' 3/$&(5, 1*(1 )25 $7 1(7/('1, 1*(16 67, . 2* 67, . . 217$. 7 (5 1(07 7, /*1*(/, *( 3DLNND, OPDQNLHUWR 9$52, 786 6, -2, 7$ /$, 7( 6, 7(1 (77b 9(5. . 2-2+72 92, '$$1 7$59, 77$(66$ +(/3267, , 55277$$ 3, 6725$6, $67$ 3ODVVHULQJ9HQWLODVMRQ $'9$56(/ 1c5 '(77( 8767<5(7 3/$66(5(6 0c '8 3$66( 3c $7 . 217$. 7(1( )25 6707, /)56(/ (5 /(77( c 1c %60, 1RWLFH 7DLZDQ 2QO\ (UJRQRPLH +LQZHLV QXU 'HXWVFKODQG 'HU YRQ XQV JHOLHIHUWH )DUEPRQLWRU HQWVSULFKW GHQ LQ GHU 9HURUGQXQJ EHU GHQ 6FKXW] YRU 6FKlGHQ GXUFK 5|QWJHQVWUDKOHQ IHVWJHOHJWHQ 9RUVFKULIWHQ $XI GHU 5FNZDQG GHV *HUlWHV EHÀQGHW VLFK HLQ $XINOHEHU GHU DXI GLH 8QEHGHQNOLFKNHLW GHU , QEHWULHEQDKPH KLQZHLVW GD GLH 9RUVFKULIWHQ EHU GLH %DXDUW YRQ 6W|UVWUDKOHUQ QDFK $QODJH , , , $EV GHU 5|QWJHQYHURUGQXQJ HUIOOW VLQG 'DPLW , KU 0RQLWRU LPPHU GHQ LQ GHU =XODVVXQJ JHIRUGHUWHQ :HUWHQ HQWVSULFKW LVW GDUDXI ]X DFKWHQ GD 5HSDUDWXUHQ QXU GXUFK )DFKSHUVRQDO GXUFKJHIKUW ZHUGHQ QXU RULJLQDO(UVDW]WHLOH YHUZHQGHW ZHUGHQ EHL (UVDW] GHU %LOGU|KUH QXU HLQH EDXDUWJOHLFKH HLQJHEDXW ZLUG $XV HUJRQRPLVFKHQ *UQGHQ ZLUG HPSIRKOHQ GLH *UXQGIDUEHQ %ODX XQG 5RW QLFKW DXI GXQNOHP 8QWHUJUXQG ]X YHUZHQGHQ VFKOHFKWH /HVEDUNHLW XQG HUK|KWH $XJHQEHODVWXQJ EHL ]X JHULQJHP =HLFKHQNRQWUDVW ZlUHQ GLH )ROJH 'HU DUEHLWVSODW]EH]RJHQH 6FKDOOGUXFNSHJHO QDFK ', 1 EHWUlJW G% $ RGHU ZHQLJHU $&+781* %(, 0 $8)67(//(1 ', (6(6 *(5b7(6 '$5$8) $&+7(1 '$ 1(7=67(&. (5 81' 1(7=. $%(/$16&+/8 /(, &+7 =8*b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åMH NDNRYRVWL 8SRUDEOMDPR QHNDWHUH QDMUD]YLWHMåH SURL]YRGQH SURFHVH LQ L]YDMDPR VWURJ QDG]RU NDNRYRVWL 9HQGDU SD VR Y DVLK QDSDNH VOLNRYQLK R] SRGVOLNRYQLK WR N QD SORå DK PRQLWRUMHY 7)7 NL VH XSRUDEOMDMR SUL SORVNLK ]DVORQLK QHL]EHçQH 1REHQ SURL]YDMDOHF QH PRUH MDP LWL GD QD QREHQL SORå L QH ER SULKDMDOR GR QDSDN VOLNRYQLK WR N YHQGDU SD 3KLOLSV MDP L GD ER SRSUDYLO DOL ]DPHQMDO YVDN PRQLWRU V SUHYHOLNLP REVHJRP QDSDN NL MH SRG JDUDQFLMR 7R REYHVWLOR QDYDMD UD]OL QH WLSH QDSDN VOLNRYQLK WR N LQ GROR D VSUHMHPOMLYH QLYRMH ]D YVDN WLS =D JDUDQFLMVNR SRSUDYLOR DOL ]DPHQMDYR PRUD åWHYLOR QDSDN VOLNRYQLK WR N QD SORå L PRQLWRUMD 7)7 SUHVHJDWL WH VSUHMHPOMLYH QLYRMH 1D SULPHU RNYDUMHQLK QH VPH ELWL YH NRW SRGVOLNRYQLK SLN QD PRQLWRUMX 3KLOLSV MH ]D GROR HQH WLSH DOL NRPELQDFLMH EROM RSD]QLK QDSDN VOLNRYQLK WR N SRVWDYLO åH YLåMH VWDQGDUGH 7D SROLWLND YHOMD SR FHOHP VYHWX SRGSLNVOL SRGSLNVOL SRGSLNVOL LQ WHPQLK SRGVOLNRYQLK WR N VR SULND]DQH NRW VOLNRYQD WR ND GUXJH EDUYH 7LSL QDSDN VOLNRYQLK WR N 1DSDNH VOLNRYQLK LQ SRGVOLNRYQLK WR N VR QD ]DVORQX SULND]DQH QD UD]OL QH QD LQH 2EVWDMDWD GYH NDWHJRULML QDSDN VOLNRYQLK WR N LQ YH WLSRY QDSDN SRGVOLNRYQLK WR N Y YVDNL NDWHJRULML 1DSDNH VYHWOH SLNH 1DSDNH VYHWOH SLNH VH SRMDYLMR NHU VR VOLNRYQH WR NH DOL SRGVOLNRYQH WR NH YHGQR RVYHWOMHQH DOL ªYNOM© 6YHWOD SLND MH SRGVOLNRYQD WR ND NL L]VWRSD QD ]DVORQX NR PRQLWRU SULND]XMH WHPQH RGWHQNH EDUY 9UVWH QDSDN VYHWOLK WR N 2VYHWOMHQL UGH L ]HOHQL DOL PRGUL SRGVOLNRYQH SLNH SLNVOL 'YH VRVHGQML RVYHWOMHQL SRGVOLNRYQL WR NL 5GH D PRGUD åNUODWQR 5GH D ]HOHQD UXPHQR =HOHQD PRGUD FLDQ VYHWOR PRGUR 6OLNRYQH WR NH LQ SRGVOLNRYQH WR NH 6OLNRYQD WR ND DOL VOLNRYQL HOHPHQW MH VHVWDYOMHQ L] WUHK SRGVOLNRYQLK WR N Y RVQRYQL UGH L ]HOHQL LQ PRGUL EDUYL 6NXSLQD PQRJLK VOLNRYQLK WR N WYRUL VOLNR . R VR YVH SRGVOLNRYQH WR NH SRVDPH]QH VOLNRYQH WR NH RVYHWOMHQH VR WUL EDUYQH SRG VOLNRYQH WR NH VNXSQR SULND]DQH NRW EHOD VOLNRYQD WR ND . R VR YVH WHPQH VR WUL EDUYQH SRGVOLNRYQH WR NH VNXSQR SULND]DQH NRW UQD VOLNRYQD WR ND 'UXJH NRPELQDFLMH RVYHWOMHQLK 7UL VRVHGQMH RVYHWOMHQH SRGVOLNRYQH SLNH EHOD VOLNRYQD SLND 3RPR XSRUDEQLNRP LQ JDUDQFLMD 2SRPED 5GH D DOL PRGUD VYHWOD SLND PRUD ELWL YH NRW RGVWRWNRY VYHWOHMåD RG VRVHGQMH SLNH PHGWHP NR MH ]HOHQD VYHWOD SLND RGVWRWNRY VYHWOHMåD RG VRVHGQMH SLNH 1DSDNH UQH SLNH 1DSDNH UQH SLNH VH SRMDYLMR NHU VR VOLNRYQH DOL SRGVOLNRYQH WR NH YHGQR WHPQH DOL ªL]NO© UQD SLND MH SRGVOLNRYQD WR ND NL L]VWRSD QD ]DVORQX NR PRQLWRU SULND]XMH VYHWOH RGWHQNH EDUY 9UVWH QDSDN UQLK WR N %OLçLQD QDSDN VOLNRYQLK WR N . HU VR QDSDNH VRVHGQMLK VOLNRYQLK LQ SRG VOLNRYQLK WR N LVWHJD WLSD ODKNR RSD]QHMåH MH 3KLOLSV GROR LO GRSXVWQR WROHUDQFR ]D EOLçLQR QDSDN VOLNRYQLK WR N 7ROHUDQFH QDSDN VOLNRYQLK WR N 'D EL ELOL Y JDUDQFLMVNHP REGREMX XSUDYL HQL GR SRSUDYLOD DOL ]DPHQMDYH ]DUDGL QDSDN VOLNRYQLK WR N PRUDMR QDSDNH VOLNRYQLK WR N DOL SRG VOLNRYQLK WR N QD SORå L PRQLWRUMD 7)7 SUL SORVNHP ]DVORQX PRQLWRUMD 3KLOLSV SUHVHJDWL GRYROMHQH VWRSQMH WROHUDQFH QDYHGHQH Y QDVOHGQMLK WDEHODK 1$3$. ( 69(7/( 3, . ( RVYHWOMHQD SRGVOLNRYQD WR ND VRVHGQML RVYHWOMHQL SRGVOLNRYQL WR NL 7UL VRVHGQMH RVYHWOMHQH SRGVOLNRYQH WR NH EHOD VOLNRYQD WR ND 5D]GDOMD PHG GYHPD QDSDNDPD VYHWOH SLNH 6NXSQR åWHYLOR QDSDN VYHWOH SLNH YVHK WLSRY 1$3$. ( 51( 3, . ( WHPQD SRGVOLNRYQD WR ND VRVHGQML WHPQL SRGVOLNRYQL WR NL VRVHGQML WHPQL SRGVOLNRYQL WR NL 5D]GDOMD PHG GYHPD QDSDNDPD UQH SLNH 6NXSQR åWHYLOR QDSDN UQH SLNH YVHK WLSRY 6. 8312 ä7(9, /2 1$3$. 3, . ( 6NXSQR åWHYLOR QDSDN VYHWOH DOL UQH SLNH YVHK WLSRY 2SRPED DOL VRVHGQML QDSDNL SRGVOLNRYQLK WR N QDSDND SLNH 635(-(0/-, 9, 1, 92 ! PP 635(-(0/-, 9, 1, 92 DOL PDQM DOL PDQM ! PP DOL PDQM 635(-(0/-, 9, 1, 92 DOL PDQM 7D PRQLWRU MH VNODGHQ V VWDQGDUGRP , 62 , 62 (UJRQRPVNH ]DKWHYH DQDOL]D LQ PHWRGH WHVWLUDQMD VNODGQRVWL ]D HOHNWURQVNH YL]XDOQH ]DVORQH 3RPR XSRUDEQLNRP LQ JDUDQFLMD 3RPR XSRUDEQLNRP LQ JDUDQFLMD =D SRGDWNH JOHGH NULWMD JDUDQFLMH LQ ]D GRGDWQR SRGSRUR NL YHOMD Y YDåL UHJLML RELå LWH VSOHWQR VWUDQ ZZZSKLOLSVFRPVXSSRUW /DKNR VH REUQHWH WXGL QD VYRM ORNDOQL 3KLOLSVRY XUDG ]D SRGSRUR VWUDQNDP åWHYLONH SD VR QDYHGHQH VSRGDM . RQWDNWQH LQIRUPDFLMH ]D UHJLMR =$+2'1( (9523( 'UçDYD $6& 6NUE ]D SRWURåQLNH *HUPDQ\ 8QLWHG . LQJGRP , UHODQG 6SDLQ )LQODQG )UDQFH *UHHFH , WDO\ 1HWKHUODQGV 'HQPDUN 1RUZD\ 6ZHGHQ 3RODQG $XVWULD %HOJLXP /X[HPERXUJ 3RUWXJDO 6ZLW]HUODQG 6LHPHQV , 6 , QYHF 6FRWODQG , QYHF 6FRWODQG (DWVD 6SDLQ $QRYR $QRYR $OOPDQ +HOODV $QRYR ( &DUH $QRYR $QRYR $QRYR =ROWHU 6LHPHQV , 6 ( &DUH ( &DUH (DWVD 6SDLQ $QRYR &HQD ¼ /RFDO FDOO WDULII /RFDO FDOO WDULII ¼ /RFDO FDOO WDULII ¼ )UHH RI FKDUJH ¼ ¼ /RFDO FDOO WDULII /RFDO FDOO WDULII /RFDO FDOO WDULII /RFDO FDOO WDULII ¼ ¼ /RFDO FDOO WDULII /RFDO FDOO WDULII /RFDO FDOO WDULII 3RPR XSRUDEQLNRP LQ JDUDQFLMD . RQWDNWQH LQIRUPDFLMH ]D UHJLMR 65('1-( , 1 9=+2'1( (9523( 'UçDYD %(/$586 %8/*$5, $ &52$7, $ (6721, $ /$79, $ /, 7+8$1, $ 520$1, $ 6(5%, $ 0217(1(*52 6/29(1, $ 8. 5$, 1( 5XVVLD 6ORYDNLD 7XUNH\ &]HFK 5HS +XQJDU\ . OLFQL FHQWHU 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ $6& , %$ /$1 6HUYLFH 5HQRSURP )8-, 768 k6HUYLFH1HW /9y /WG 8$% 6HUYLFHQHW %OXH 5LGJH , QWO . LP 7HF GRR 3& +DQG &RPHO 7RSD]6HUYLFH &RPSDQ\ &36 &((( 3DUWQHUV 'DWDODQ 6HUYLFH 7HFKSUR $VXSSRUW 6HUZDUH 3URIL 6HUYLFH 6NUE ]D SRWURåQLNH  IRU UHSDLU  IRU VDOHV . RQWDNWQH LQIRUPDFLMH ]D UHJLMR /$7, 16. ( $0(5, . ( 'UçDYD . OLFQL FHQWHU %UD]LO $UJHQWLQD 9HUPRQW 6NUE ]D SRWURåQLNH . RQWDNWQH LQIRUPDFLMH ]D . LWDMVNR . LWDMVND 6NUE ]D SRWURåQLNH . RQWDNWQH LQIRUPDFLMH ]D UHJLMR 6(9(51( $0(5, . ( 'UçDYD 86$ &DQDGD . OLFQL FHQWHU 726 6XSHUFRP $6& 7HOHSODQ 6XSHUFRP 6NUE ]D SRWURåQLNH   3RPR XSRUDEQLNRP LQ JDUDQFLMD . RQWDNWQH LQIRUPDFLMH ]D UHJLMR $=, -$3$&, ), . %/, æ1-, 9=+2'$)5, . $ 'UçDYD . OLFQL FHQWHU $6& 6NUE ]D SRWURåQLNH $XVWUDOLD 1HZ =HDODQG +RQJ . RQJ 0DFDX , QGLD , QGRQHVLD 6RXWK . RUHD 0DOD\VLD 3DNLVWDQ 6LQJDSRUH 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 3&&: 7HOHVHUYLFHV 7DLZDQ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ 1$ $*26 1(7:25. [. . . ] VR PRGUH EDUYH 1HYWUDOQD WHPSHUDWXUD MH EHOD V . 2GSUDYOMDQMH WHçDY LQ SRJRVWD YSUDåDQMD 9 $OL ODKNR VYRM /&' PRQLWRU SULNOMX LP QD NDWHUL NROL 3& GHORYQR SRVWDMR DOL 0DF" 2GJ 'D 9VL 3KLOLSV /&' PRQLWRUML VR SRSROQRPD ]GUXçOMLYL V VWDQGDUGQLPL 3&ML 0DFL LQ GHORYQLPL SRVWDMDPL =D SULNORS PRQLWRUMD QD VLVWHP 0DF ERVWH PRUGD SRWUHERYDOL DGDSWHU ]D NDEHO =D YH LQIRUPDFLM VH SURVLPR REUQLWH QD WUJRYVNHJD SUHGVWDYQLND SRGMHWMD 3KLOLSV 9 $OL 3KLOLSV /&' PRQLWRUML SRGSLUDMR ª3OXJDQG3OD\©" 2GJ 'D PRQLWRUML SRGSLUDMR ª3OXJDQG3OD\© Y :LQGRZV 9LVWD ;3 17 0DF 26; WHU /LQX[ 9 . DM SUL /&' ]DVORQLK SRPHQL ªOHSOMHQMH VOLNH© DOL ª]DSH HQD VOLND© DOL ªRVWDOD VOLND© DOL ªPHJOHQD VOLND©" 2GJ 1HSUHNLQMHQR GDOMåH SULND]RYDQMH VWDWL QLK VOLN ODKNR QD ]DVORQX SRY]UR L ª]DSH HQR© VOLNR SR]QDQR WXGL NRW ªRVWDOD© DOL ªPHJOHQD VOLND© 9 WHKQRORJLML /&' SORå VR ª]DSH HQD© ªRVWDOD© DOL ªPHJOHQD VOLND© GREUR SR]QDQ SRMDY 9 YH LQL SULPHURY ª]DSH HQD© ªRVWDOD© DOL ªPHJOHQD VOLND© VOLND L]JLQH SRVWRSRPD QHNDM DVD SR L]NOMX LWYL PRQLWRUMD . R PRQLWRU SXVWLWH EUH] QDG]RUD YHGQR DNWLYLUDMWH SUHPLNDMR L VH RKUDQMHYDOQLN ]DVORQD H ERVWH SUHNR YDåHJD /&' ]DVORQD SULND]RYDOL QHVSUHPHQOMLYR VWDWL QR YVHELQR RE DVQR DNWLYLUDMWH DSOLNDFLMR ]D RVYHçHYDQMH ]DVORQD 2SR]RULOR 'ROR HQL VLPSWRPL ª]DSHNH© ªNDVQHMåLK VOLN© DOL ªSULND]RYDQMD GXKRY© QH ERGR L]JLQLOL LQ MLK QL PRçQR SRSUDYLWL =JRUDM RPHQMHQH åNRGH JDUDQFLMD QH SRNULYD 9 =DNDM PRM ]DVORQ QH SULND]XMH EHVHGLOD MDVQR LQ RVWUR DPSDN UREDWR" 2GJ 9Då /&' PRQLWRU QDMEROMH GHOXMH SUL QDUDYQL OR OMLYRVWL [ SUL +] =D QDMEROMåL SULND] XSRUDEOMDMWH WR OR OMLYRVW . RQLQNOLMNH 3KLOLSV (OHFWURQLFV 19 9VH SUDYLFH SULGUçDQH 3KLOLSV LQ ORJRWLS 3KLOLSV VWD UHJLVWULUDQL EODJRYQL ]QDPNL GUXçEH . RQLQNOLMNH 3KLOLSV (OHFWURQLFV 19 LQ VH XSRUDEOMDWD ] GRYROMHQMHP GUXçEH . RQLQNOLMNH 3KLOLSV (OHFWURQLFV 19 6SHFLÀNDFLMH VR SUHGPHW VSUHPHPE EUH] SUHGKRGQHJD RSR]RULOD 5D]OL LFD 0(7 [. . . ]