EX-99.1 Press Release - SEC.gov | HOME are now active with burn in and test socket applications and...

-----BEGIN PRIVACY-ENHANCED MESSAGE-----Proc-Type: 2001,MIC-CLEAROriginator-Name: [email protected]: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQABMIC-Info: RSA-MD5,RSA, F/i73f2Snh/ZvMHqKk25u8X1TWKpEe5IhktlO1uwvt5gLgeRolIxfdIexA6TAQl7 NhkFQLa4AnOJhh6eL02IAw==

0000950152-03-009194.txt : 200310300000950152-03-009194.hdr.sgml : 2003103020031030134926ACCESSION NUMBER:0000950152-03-009194CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:99CONFORMED PERIOD OF REPORT:20031030ITEM INFORMATION:Regulation FD DisclosureFILED AS OF DATE:20031030

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:BRUSH ENGINEERED MATERIALS INCCENTRAL INDEX KEY:0001104657STANDARD INDUSTRIAL CLASSIFICATION:PRIMARY SMELTING & REFINING OF NONFERROUS METALS [3330]IRS NUMBER:341919973FISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-15885FILM NUMBER:03966104

BUSINESS ADDRESS:STREET 1:17876 ST. CLAIR AVE.CITY:CLEVELANDSTATE:OHZIP:44110BUSINESS PHONE:2163834062

MAIL ADDRESS:STREET 1:17876 ST. CLAIR AVE.CITY:CLEVELANDSTATE:OHZIP:44110

8-K1l03781ae8vk.txtBRUSH ENGINEERED MATERIALS | FORM 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

--------------------

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 30, 2003

BRUSH ENGINEERED MATERIALS INC. (Exact Name of Registrant as Specified in Charter)

Ohio 001-15885 34-1919973(State of Other Juris- (Commission (IRS EmployerDiction of Incorporation) File Number) Identification No.)

17876 St. Clair Avenue Cleveland, Ohio 44110(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (216) 486-4200

Item 9. Regulation FD Disclosure ------------------------

On October 30, 2003, Brush Engineered Materials Inc., an Ohiocorporation (the "Company"), updated the "Current Investor Update," a slidepresentation on its website, a copy of which is attached hereto as Exhibit 99.1.This slide presentation shows the Company's corporate strategy and the financialresults through the third quarter of 2003.

SIGNATURES ----------

Pursuant to the requirements of the Securities Exchange Act of 1934,the registrant has duly caused this report to be signed on its behalf by theundersigned hereunto duly authorized.

BRUSH ENGINEERED MATERIALS INC.

Date: October 30, 2003 By: /s/Michael C. Hasychak Vice President, Secretary and Treasurer

INDEX TO EXHIBITS

\Exhibit Number Description of Exhibit- -------------- ---------------------- 99.1 Current Investor Update

EX-99.13l03781aexv99w1.htmEX-99.1 PRESS RELEASE

EX-99.1 Press Release

Exhibit 99.1

Brush Engineered Materials Inc.

Profile

Publicly traded since 1956: NYSE-listed since 1972.

Founded 1931 as Brush Beryllium Company.

Building off earlier pioneering technical work at Brush Laboratories

Initial scope was development of commercial markets

With onset of WW II and post war period, significant growth indefense and eventually, aerospace applications

Mid-70s: major expansion of new commercial markets.

Today, commercial markets represent 90% + of revenues

1

Leading manufacturer of high performance engineeredmaterials

Operations, service centers and major office locations inNorth America, Europe and Asia

Serving long-term growth oriented global markets:

- Telecommunications and computers

- Automotive electronics

- Optical media

- Defense electronics


Profile

2

BEM Materials are found in a wide range of criticaland demanding applications requiring:

- Strength - Reliability

- Thermal & electrical - Miniaturization

conductivity

- Weight reduction - Corrosion resistance

- Reflectivity


"Advancing the World's Technologies"

3


End Uses

Optical Media

Industrial products

Life enhancing devices

Cellular phones and other wireless communications

Notebook and network computers

Electronic components in cars and trucks

4

Metal Systems

Brush Wellman Inc. (Alloy Products and Beryllium Products)

Technical Materials, Inc.

Microelectronics

Williams Advanced Materials Inc.

Electronic Products


Organized into Two Separate Reportable Segments

5


Unique Capabilities from Mine to Value Added Material

Delta, UT

Bertrandite Ore

Mining & Extraction

Elmore, OH

Casting, Rolling &

Finishing

Reading, PA

Thin Gauge Rolling

& Finishing

Metal Systems

Worlds only fully integrated producer of beryllium, beryllium-containingalloys and beryllia ceramic.

High beryllium metals, ceramics and beryllium alloys

6

Unique Capabilities from Mine to Material

Diverse in Scope and Product

Metal Systems

Alloy Products

Manufactures strip products which are primarily copper beryllium and nickel berylliumalloys and bulk products which are copper, nickel and aluminum-based alloysmanufactured in rod, bar, tube, plate and other customized forms.

Beryllium Products

Manufactures pure beryllium and beryllium aluminum alloys

Technical Materials, Inc. (TMI)

Manufactures engineered material systems including clad metals, plated metal, electronbeam welded, solder plated and reflow materials.

Microelectronics

Williams Advanced Materials (WAM)

Produces precious metal and specialty alloy products

Electronic Products

Electronic packaging, circuitry and powdered metal products

7

Corporate Structure

May 16, 2000 Brush Engineered Materials Inc. became the publicly-traded Parent Company of BrushWellman Inc. On January 1, 2001 Phase II of the Companys reorganization was completed with thecreation of three new entities: Brush Ceramic Products Inc., Brush Resources Inc. and ZentrixTechnologies Inc.

8

In 2001, the Computer and Telecom MarketDecline Drove Sales back to Mid-90's Levels 92 93 94 95 96 97 98 99 0 1 2 3 Sales 265 295 346 370 376 434 410 456 564 473 373 390 % Growth 0.11 0.17 0.07 0.02 0.15 -0.05 0.11 0.24 -0.16 -0.21 0.05

Historic Growth Rates

1992 - 1997 10.4%

1992 - 1999 8.2%

Computer &Telecom marketdecline

Year

ReturningtoHistoricalGrowthRates

The portion of Brush's revenue from the telecom/ computermarket has declined from nearly 50% to slightly more than30% Automotive Telecom/Computer Other Defense Industrial Optical Media East 0.11 0.49 0.13 0.06 0.11 0.1

49%

11%

10%

11%

6%

13%

Automotive

Telecom/Computer

Other

Aerospace/

Defense

Industrial

Optical media

2000

2002 Automotive Telecom/Computer Other Defense Industrial Optical Media East 17 30 15 9 15 14

Automotive

Optical media

Industrial

Other

Telecom/Computer

30%

17%

14%

15%

9%

15%

Aerospace/

Defense

$564 Million

$373 Million

10

US Electronic Equipment Orders

Communications equipment & Dot.combubble amplified by double ordering &inventory builds.

Communications equipment & Dot.combubble amplified by double ordering &inventory builds.

11

Brush experienced a major downturn in Q-2 and Q32001, with revenue remaining flat through 2002

2003 is stronger than 2002

2000

2001

2002 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 143.9 147.2 145.5 128.2 106.2 92.4 89.6 100.8 93.5 89 99.5 101.8 94.2

2003

12

As a Result, Significant Losses Occurred inthe Second Half 2001 Through 2002

*Q-4 2002 excludes impact of deferred tax asset impairment, electronic productsrestructuring and a charge for other non-used assets.

2001 2002

Q-3 Q-4 Q-1 Q-2 Q-3 Q-4*

Net Sales $106.2 $92.4 $89.6 $100.7 $93.5 $89.0

EBIT (10.7) (16.1) (5.5) (2.5) (3.9) (5.8)

EBITDA (3.7) (9.0) 2.2 5.2 3.5 2.2

$ in Millions

13

Our efforts to improve variable margins have

succeeded, despite the fall in revenue

Year Variable Margin%

2000 39.7%

2002 40.3%

YTD Q3-2003 42.0%

14

Major 2002 Fourth Quarter "Events"

Electronic Products restructuring $ 2.0 million

Write-down of Be Products assets $ 3.1 million

Deferred tax-asset impairment $19.9 million

Underfunded Pension Plan $13.6 million

15

Brush significantly reduced its breakevenpoint during 2001 and 2002

Notes: Based on 2002 mix and metal prices SG&A + interest for 2002 excludes $5.1 million of one-time charges

$-Million

2001 2002 01-->02

Fixed Costs

Mfg. Overhead $121 $102 $(19)

SG&A+interest 87 69 (18)

Total 208 171 (37)

Contribution Rate 40% 40%

Breakeven Sales $520 $420 $(100)

16

Breakeven Was Achieved in the SecondQuarter of 2003

$ in Millions

Q1-03 Q2-03 Q3-03

Fixed Costs

Mfg. Overhead $24 $25 $25

SG&A+interest 19 18 17

Total 43 43 42

Contribution Rate 41% 43% 42%

Breakeven Sales $105 $101 $100

17

Headcount has been reduced by 26%

(26%)

1,862

1,946

2,500

Total

(16%)

1,070

1,114

1,279

All Others

(35%)

792

832

1,221

Alloy

% Change

12/31/02

12/31/01

12/31/00

Employment as of:

Note: At 9/30/03, total employment was 1,840.

18

Total balance sheet debt, off balance sheet leases and preciousmetal lease obligations were reduced approximately $50M, or26% from December 2001 through September 2003

Operating Cash Flow

$-Million

Change Change in Operating OP Depr Capex in A/R Inventory Cash Flow

2000 $23 $23 $(21) $(13) $(8) $4

2001 (14) 21 (23) 38 7 29

2002 (23) 21 (5) 7 17 17

2003 YTD (4) 16 (6) (9) 5 2

19

Alloy has made significant progress inresponse to a huge decline in revenue

Q-1 2001 Q-4 2002 % Change

Revenue in $M $74 $35 (53%)

Working Capital

Reduced 45% ($70M) since Q-1 2001

Expense Control

Manpower reduced by 35% since Q-1 2001

Manufacturing overhead and SG&A 30% lower in Q-3 2003 vs. Q-1 2001

Operations improvements

Safety (OSHA recordable) rate improved by over 70% in manufacturing sinceyear-end 2000.

Strip rework rate improved 70% (year-end 2001 to Q3 2003).

On-time shipments to Service Centers 54% higher, along with 36% improvementin replenishment times to the service centers since year-end 2000.

20

Significant reduction in cost, above breakeven

Variable cost - down by $4.3M over 21 months

Workforce reduced by 35%

Innovative partnership with State Workplace Program

Major reduction in supply and maintenance cost

Fixed cost - down by $4.7M over 21 months

Operational improvements

21% increase in productivity

3% yield improvement

TMI has responded aggressively to

the market downturn

Technical Materials, Inc.

Q-1 2001 Q-4 2002 % Change

Revenues in $M $21.0 $10.0 (52%)

21

Electronic Products Restructured

Q-1 2001 Q-4 2002 % Change

Revenues in $M $11.5 $7.9 (31%)

Electronic Products restructuring: ($2.0 million charge in Q-4)

Cost reduced, central structure eliminated (20 people), $3.0million annual benefit

PMP assets written down to market value

Newburyport unit reports into WAM

CPT and BeO operations report into Beryllium Products

Lean/Six Sigma programs focused on operationalimprovements

22

Sales up, with value added showing a moderateincrease

Good growth in PVD, especially optical markets

Strong earnings and cash flow

Reduced inventories, including consigned metals,by more than $6M in past year

WAM is also generating favorable results

23

Beryllium Products continues to

perform strongly

Revenue improved 13% first half 2002 to 2003

Continuing strength in military/defense offsetsweakness in commercial markets (e.g. x-rayequipment)

Margins improving

Operating profit increased by 50% over the sameperiod

24

Corporate costs have also been reduced

Dividend suspension

Benefit changes/401-K

Wages frozen

Service cost reductions

Legal expenses and cases down

25

Longer term outlook for our engineeredmaterials is attractive

Higher performance requirements growing

Electrical

Thermal

Mechanical

Fatigue resistance

Corrosion resistance

Strength

Anti-galling

26

For example, Alloy is aggressively

working to broaden its base

New Products Applications/Markets

Strip New Product Forms Tubing, Bearings and other

special applications

- Oil and Gas

- Instrumentation

New Strip Alloys Electronics Market

MoldMax(r) XL Plastics Tooling

ToughMet(tm) Bearings and Wear

applications

Undersea Housings Marine and Power systems

27

Keys to returning to profitability in

2003 and beyond:

Improving margins through operational efficiency

Lean manufacturing

Six Sigma

Further overhead reductions

Broaden the base - new revenue

Improvement in demand from the telecom/computer market

28

Summary

Cash flow has been and is expected to continue to bepositive through continued working capital reductionsand minimal capital spending

Downturn of key end-use markets is unprecedented

Brush is not content to "wait it out"

Actions to lower cost and add new products are payingoff

Long-term prospects bright

The economy will recover and growth will return

Brush Engineered Materials is well positioned tocapitalize on this growth

29

Segment Sales Review 2002-2003

YTD

2001 2002 Q3 2003 $ % sales $ % sales $% sales

Metal Systems Group 296 62% 228 62% 176 60%

Alloy 217 45% 152 41% 119 40%

Beryllium Products 29 6% 32 9% 32 11%

TMI 50 11% 44 12% 25 8%

Microelectronics Group 170 36% 139 37% 115 39%

WAM 135 28% 109 29% 92 31%

Electronic Products 35 8% 30 8% 23 8%

Other 7 2% 6 1% 4 1%

TOTAL 473 100% 373 100% 295 100%

30

Segment Sales Review 2002

Q1 2002 Q2 2002 Q3 2002 Q4 2002

$ % sales $ % sales $ % sales $ % sales

Metal Systems Group 56 62% 64 63% 57 61% 51 57%

Alloy 38 42% 41 41% 38 40% 35 39%

Beryllium Products 6 7% 10 10% 8 9% 8 9%

TMI 12 13% 13 12% 11 12% 9 10%

Microelectronics Group 34 38% 34 34% 34 37% 36 41%

WAM 26 29% 27 27% 27 29% 28 32%

Electronic Products 8 9% 7 7% 7 8% 8 9%

Other 0 0% 3 3% 2 2% 2 2%

TOTAL 90 100% 101 100% 93 100% 89 100%

31

Segment Sales Review 2003

Q1 2003 Q2 2003 Q3 2003

$ % sales $ % sales $ % sales

Metal Systems Group 61 62% 61 60% 54 57%

Alloy 40 40% 42 41% 37 39%

Beryllium Products 12 12% 11 11% 9 10%

TMI 9 9% 8 8% 8 9%

Microelectronics Group 38 38% 38 37% 39 41%

WAM 30 30% 30 29% 32 34%

Electronic Products 8 8% 8 8% 7 7%

Other 0 0% 3 3% 1 1%

TOTAL 99 100% 102 100% 94 100%

32

Segment Earnings 2000 - 2003

YTD

2000 2001 2002 Q3 2003

Metal Systems Group 10.2 (20.1) (28.2) (11.5)

Microelectronics Group 8.4 4.5 5.5 10.5

Other 4.4 1.5 (.2) (2.5)

Total Segment EBIT 23.0 (14.1) (22.9) (3.5)

33

Segment Earnings 2002-2003

2002 2003

Q1 Q2 Q3 Q4 Q1 Q2 Q3

Metal Systems Group (8.5) (5.1) (10.0) (8.9) (3.4) (2.8) (5.4)

Microelectronics Group 2.2 1.5 1.3 (.6) 2.5 3.5 3.9

Other .8 1.0 4.8 (1.4) (1.2) .3 (.9)

Total Segment EBIT (5.5) (2.6) (3.9) (10.9) (2.1) 1.0 (2.4)

34

Brush Wellman Alloy Vision

Brush Wellman is the leading supplier of HighPerformance Copper Alloys worldwide, providingmanufacturing excellence in the form of high reliabilityproducts and services to satisfy our customers mostdemanding applications. We provide these services in aculture of local support and global teamwork.

BRUSHWELLMAN

Engineered Materials

35

Alloy Products Markets

Strip Markets (coils)

Telecommunications

Computers

Automotive Electronics

Appliance

Bulk Markets (rod, bar, tube, plate)

Plastic molds

Undersea cable amplifiers

Aerospace landing gear bearings

Oil and gas drilling equipment

Heavy Equipment - New

Bearings - New

Bulk

(30%)

Strip

(70%)

BRUSHWELLMAN


36

9

Strip Alloy Applications

(strength, conductivity, spring characteristics)

Current Carrying Springs and Relays

Integrated Circuitry Sockets

Electrical and Electronic Connectors

Air Bag Sensors

Pressure Responsive Devices

Fire Extinguisher Sprinkler Heads

37

Alloy Products

Strip Products - Strategy

Maintain focus on 4 major end-use markets

Computer Telecommunications Automotive Appliance

Defend market leadership in traditional alloy strip, rod & wire

Reduce total cost of manufacture to allow penetration of mid-range alloy applications

Enhance product properties to provide additional value to customers

Introduce new alloys to meet needs of targeted market opportunities.

Brush 60, ToughMet Strip, Alloy 390

Focus on new non-connector markets

Deep Offshore Oil and Gas, Bearings, Instrumentation Tubing, Heat ExchangerTubing

Geographic Growth

Expand commercial operations in Asia Pacific

BRUSHWELLMAN


38

Strip Capacity Expansion

Elmore and Reading Facilities

$140 Million

Added casting, hot rolling,annealing and cold rollingcapacity at Elmore

Added light gauge strip and millhardening capacity at Reading

50% to 100% capacity increasedepending upon product

depending upon product








BRUSHWELLMAN


39

Competitive Alloy Comparison & Strategy

Performance Parameter

(Formability, Conductivity, Stress Relax)

$/Lb.

0

1

2

3

4

5

6

7

8

Brass

Phos

Bronze

Traditional

Copper Beryllium

Alloys

Alloy 174

Brush 60

CuNiSi

High Strength

Phos Bronze

10

Alloy strip form products recently developed Alloy 390as a premium product targeted at high performance/high conductivity applications in computer, consumerand communication applications. This alloy addressesthe need for a low resistance alloy product, withtraditional alloy mechanical performance characteristics.Higher power density chip sets are facing a constraint atthe connector interface. Alloy 390 provides thedeflection range required by these high pin countdevices, and by way of superior electrical and thermalconductivity, eliminates the resistive heating thatplagued other high performance alloy solutions.Designs are now active with burn in and test socketapplications and land grid array microprocessorapplications. Handheld communication devicemanufacturers have expressed an interest in the alloyas a means of enhancing battery life and reducingcharging times.

BRUSHWELLMAN


390

40

Automotive Electronics

Definition: power and signal distribution in passengercars and light trucks - connectors, switches and relays

BRUSHWELLMAN


41

Automotive Applications

Potential New Applications:

Infotronics/telematics - in car multimedia systems and mobile communicationsystems, navigational, global positioning, internet based services.

Powertrain electronics - in vehicle networks, drive-by-wire systems,continuously variable transmission, intelligent braking

Safety systems - intelligent air bag systems, driver alertness monitoring,adaptive cruise control, frontal collision warning, intelligent highway vehiclesystems, automatic emergency notification

42 Volt Powernet - increase number of terminals, switches and relays used in avehicle; shift mix of components size toward miniaturization due to smallercurrent and increase the number of performance critical systems in a vehicle.

BRUSHWELLMAN


42

Computer

Definition: Brush Wellmans high performance alloys aresold to the computer industry in strip and wire forms forconnectors, contacts, and shielding. End use applicationsinclude servers, workstations, notebook and desk topcomputers, personal digital assistants (PDAs), and datastorage devices.

BRUSHWELLMAN


43

Computer Applications

Examples of specific end-use product applications

Fingerstock shielding used in servers and data storage.

Power connectors used in server power supplies manufactured by Sun, HP, Compaq,and Intel.

Microprocessor socket connectors.

PDA ID connector and battery contacts.

VHDM connector system for EMC data storage systems.

Examples of future target product applications

Intel and AMD's Pentium 5 microprocessor connectors.

Power connectors for multi-chip module interfaces as well as backpanel powerapplications in high end servers.

High pin count and high density flex circuit interface connectors for high resolutionflat panel displays.

BRUSHWELLMAN


44

Telecommunications

Definition: Brush Wellmans high performance alloys aresold to the telecommunications industry in strip and wireforms for connectors, contacts, shielding, switches andrelays. End use applications include wireless base stations,cell phones, pagers, telecom switching equipment,transmission equipment and communication networks.

BRUSHWELLMAN


45

Telecommunication Applications

Examples of specific end-use product applications

Handheld and portable device battery clips, antenna clips, I.O. connectors,board to board connectors, SIM card connectors & display connectors.

Category 6 modular jacks for connecting data networks.

Shielding gaskets and clips for EMI protection.

Coaxial switches for cable company central office switches.

VHDM connector system used in backpanel connector systems for fastEthernet and Gigabit Ethernet switches and routers.

Examples of future target product applications

Category 7 modular jacks for data networks.

Low profile board to board connectors for wireless handsets and high speedmezzanine connectors for network switches and routers.

BRUSHWELLMAN


46

Cellphone Connector Applications

BRUSHWELLMAN


47

Rear of Circuit Board

Battery Contacts

Brush Wellman Alloy

Vibrator Motor Contacts

Brush Wellman Alloy

Battery Clips

Brush Wellman Alloy

Antenna Contact

Brush Wellman Alloy

48

Front of Circuit Board

Hands Free SetConnector

Brush Wellman Alloyand other material

BRUSHWELLMAN


49

10

Bulk Alloy Applications

(strength, corrosion resistance, non-galling, conductivity)

Plastic Injection Molds

Aircraft Landing GearBushings

Undersea Repeater Housings -Telecom

Oilfield Drill Collars & Anti-Friction Bushings

Heavy Equipment Bearing andWear Applications

50

Alloy Products

Bulk Products - Strategy

Maintain focus on traditional end-use markets

Oil & Gas Aerospace Plastics Undersea

Introduce new alloys or product forms to meet needs of targeted marketopportunities.

MoldMax XL

ToughMet and improved ToughMet products (CD ToughMet)

Alloy 310 RWMA class 3

Focus on new non-traditional growth markets

Bearings, Oil & Gas completions, Heavy Equipment & Mining, Pumps, Marine, HeatExchangers

Geographic Growth

Expand commercial operations in Asia Pacific, improve customer awareness anddistribution

BRUSHWELLMAN


51

Plastics - Moldmax XL

Similar properties to dominanttooling materials and standardMoldmax

Productivity similar to Moldmax(CuBe) of 30%

No EH&S issues

Value proposition includesmachinability >5X steels addingcost benefits to offset increasedmaterial costs

Value proposition - no addedcost for faster cycles and lowercost manufacturing

BRUSHWELLMAN


52

Lorain Casting Facility

Spinodal and EquacastTM Technology-Winning!

Strength and hardness found in CuBe products

Thermal conductivity

The value proposition differentiates:

No EH&S issues

Corrosion resistance

Superb tribological properties (low frictioncoefficient, excellent wear resistance - withoutlube) adding value in Reliability,Uptime, andLess Mtce.

Machinability and Design Simplicity adding costbenefits to offset increased material costs

Casting capability including size, shapes, tubesand quality

Lorain Technology ExpandingBrush Wellman market andapplication reach

Developing Applications in themarkets we are strong:

Mold Tooling, Aircraft Parts, DrillingEquipment

High performance Copper basedengineered materials:

Developing markets/applicationswhere technology is strong:

Oil Well Completion Equipment,Mining, Heavy Equipment, HydraulicSystems, Marine Hardware, EngineBearings.

BRUSHWELLMAN


53

BRUSHWELLMAN


ToughMetTM Industrial Components Results:

54

ToughMetTM Industrial Components Results:

BRUSHWELLMAN


55

Alloy has made significant progress inresponse to a huge decline in revenue

Q-1 2001 Q-4 2002 % Change

Revenue in $M $74 $35 (53%)

Working Capital

Reduced 45% ($70M) since Q-1 2001

Expense Control

Manpower reduced by 35% since Q-1 2001

Manufacturing overhead and SG&A 30% lower in Q-3 2003 vs. Q-1 2001

Operations improvements

Safety (OSHA recordable) rate improved by over 70% in manufacturing sinceyear-end 2000.

Strip rework rate improved 70% (year-end 2001 to Q3 2003).

On-time shipments to Service Centers 54% higher, along with 36% improvementin replenishment times to the service centers since year-end 2000.

56

Brush International Inc.

Global Sales, Marketing, Distribution & Tech Service

Brush International Inc.

S. Freeman

?-------------- Asia / Pacific ------------? ? ---------------- Europe -------------- ? ? - Emerging Markets -?

BWS BWT BWC BWJ BWK BWL BWG BWG BWG EXPORTS FROM USA

Singapore Taiwan China Japan Korea U.K. Germany Italy Spain

T. Ong J. Tien J. Oei K. Hase Y.J. Kim G. Shapland K.L. Rausch A. Danielli F. Aguirre

W. Zeder

Singapore

Brush International Service Centers

Tokyo / Fukaya

Hong Kong

Reading

Stuttgart

57

Brush International, Inc.

Alloy Sales by Region 2002

Asia

49%

Europe

48%

Rest of World

3%

58

Brush International, Inc.

Historical Sales by Market Segment

Strip Products

87%

Bulk Products

13%

59

Brush Wellman

Beryllium Products

Products

Beryllium Metal - One of the lightest metals known

- Family of vacuum hot and hot/cold isostatically pressed powder-derived metals

AlBeMet? - Family of lightweight alloy composites

- Extruded, rolled sheet and hot isostatically pressed powder-derived metals

BRUSHWELLMAN


60

Brush Wellman

Beryllium Products

Products - Cont.

E-Materials - Family of low expansion, lightweight electronic packaging materials

- Composites of beryllium metal and beryllium oxide

Beryllium Oxide/

Chemicals - Ceramic-grade beryllium oxide powder

- Specialty beryllium-containing chemicals

BRUSHWELLMAN


61

Brush Wellman

Beryllium Products

Facilities

Elmore, Ohio

Fremont, California

BRUSHWELLMAN


62

Key Product Attributes

Be/AlBeMet(tm)

Light Weight (Density)

High Stiffness (Elastic Modulus)

High Thermal Conductance/Capacity

Low Thermal Expansion

Be

Transparent to X-Rays

Neutron Reflector

BRUSHWELLMAN


63

Brush Wellman

Beryllium Products

Primary Competition...Alternative Materials

Organic Composites (e.g. Carbon epoxy)

Metal Matrix Composites (e.g. Al - silicon carbide)

Pyrolytic graphite

Titanium

Aluminum (high strength grades)

BRUSHWELLMAN


64

Major Defense/Aerospace Applications forBrush Wellman Beryllium Products

Optics

Optical substrate and support structure for visual and infraredtarget acquisition systems (fighter aircraft, helicopters, tanks),surveillance systems and astronomical telescopes.

Satellites

Structures and sensors for defense and commercialtelecommunications satellites.

Electronics

Electronic packaging for defense avionics, radar and electroniccountermeasures systems for helicopters and fighter aircraft.Applications include circuit boards, covers and packages.

BRUSHWELLMAN


65

Major Commercial Applications for BrushWellman Beryllium Products

X-ray Windows

Radiographic tube components for ? medical diagnostic equipment(x-ray, mammography, CAT-scan), and ? industrial x-rayequipment

Optical Scanners

Mirrors for laser scanners used in reprographic and other high-performance laser applications.

Motion control

Structural components for high-precision semiconductor processingand industrial robotic equipment

BRUSHWELLMAN


66

TMI - From a Customer Perspective

WHAT TMI provides our customers the ability to demand variedperformance (electrical, thermal, or mechanical) from ametal surface area or section.

WHO We provide this "service" to the telecommunication,automotive, computer, semiconductor and otherindustries.

HOW By offering various forms of strip metal products: cladmetals, plated metals, electron beam welded, solderplated, reflowed or printed-on, milled and/or skived metalstrip or various combinations of the above.

67

Sales Growth

Average annual growth rate was 14% from 1995 - 2002 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003* Sales 22.8 28 33.8 43 47 51.5 50.45 63 83.5 50 45 42

Millions

*Forecasted

68

Our Major Markets

Automotive

Telecommunications

Computer

Jewelry

Semiconductor

Appliances

Medical

Aircraft Automotive Telecom Computer Misc. 50 18 26 6

Misc.

Telecom

Computer

Automotive

69

Our Major Applications

Capacitors

Coins and Tokens

Connectors

Contact Probes

Fuses

Leadframes

Micro Motor

Microwave

Potentiometers

Relays

Sensors

Solder Clips

Switches

Air Bag Sensor

Leadframe

Connectors

70

Electroplating

Precious and non-precious metals

Overall and selective stripe capabilities

Combination with current TMI technologies

71

Stripe Plating Application

Cellular Phone Battery Contact

Base Material: BeCu

Overall Ni plating

Selective Au (one side)

Selective SnPb (bothsides)

Base Material

72

Competitive Advantage

Quality

QS 9000 / ISO 9002

State-of-the-art equipment

Vision Systems / PLC Systems for consistent quality

Design Support

Technical knowledge

Engineering expertise

Overall Capabilities

Slitting and leveling

Inlay / Electron-Beam Welding / Solder / Milling / Skiving / Plating

Any combination of the above processes

Large coil handling capability

73

Strategic Concept

Total capability under one roof

Make it easy for our customers to get what theyneed to satisfy their customers' requirements

Make our customers competitive with reliableproducts

Solve problems for our customers with engineeredstrip metal solutions

Explore and develop new markets and geographicregions for manufacturing (China).

74

Growth in Electroplating

Precious and non-precious metals

Overall and selective stripe plating capabilities

Combination with other TMI technologies

Proprietary closed contact plating technology

Building additional lines to further increase capacity

75

Summary

From 1992-2000 TMI sales more than quadrupled.

2001 through 2003 proved to be extremely difficult years due to majorserved markets being severely depressed; however, TMI remainedprofitable all three years.

We have added major new technical capabilities using state of the artequipment in precious metal electroplating to better serve worldwidecustomer demand (both technical & capacity).

We are ISO and QS registered.

We will add additional Plating technology and capacity to servicemarket demand as required.

We are making further inroads into new markets (energy) and othermarkets (consumer, medical, appliance, construction) in order tobroaden our served market base and will have a much different servedmarket profile by 2005/2006.

76

Our focus is on materials, circuitry, subassemblies andpackaging for the wireless & fiber-optic telecom market,

specifically the signal amplifiers...

Signal amplifiers transmit signals through air(wireless) or optical fiber media by boosting signalstrength while maintaining integrity. Thermalmanagement and reliability properties are ofparamount importance.

Signal amplifiers are critical active componentslocated in base stations for wireless (cellular) and inregenerator stations along fiber-optic (Internet) links.

77

Our Overall Strategy

Vertically integrate materials to subsystemassembly, providing customized solutions

Meet the Customer's needs

Materials or subassemblies

Fast Flexible Manufacturing Systems

Responsive to market needs

78

Business Groups

Packaging

Electronic Packaging Products

Circuitry

Circuits Processing Technology

Materials

Brush Ceramic Products

79

Electronic Packaging Products

Located in Newburyport, MA

Products

RF Power Packages for base stations in cellular phone& wireless data networks, for cellular handsets, formilitary radar applications and for digital TV

Automotive Components for ignition systems in carsand trucks

Power Circuit Assemblies for DC motor controls

80

Circuits Processing Technology (CPT)

Located in Oceanside, CA

Products

High Frequency Military and Aerospace Circuitry usedin military radar and missile guidance

High Frequency Wireless circuitry for satellitecommunications

Fiber Optic Package components for amplifiers in fiberoptic networks

81

Brush Ceramic Products

Located in Tucson, AZ

Products

RF Power Package Components for cellular basestations, high definition television, and cable TV

Fiber Optic Package components for amplifiers in fiberoptic networks

Gas Laser Components for medical and researchapplications

Automotive components for ignition systems

82

Williams Advanced Materials Overview

Williams is a supplier of high-purity, specialty metals servingthe wireless, photonics, data storage, high temperature joining,traditional microelectronics and performance film markets.

Established 1918. Subsidiary of Brush Engineered Materials(formerly Brush Wellman Inc.)

Business Groups

Packaging Material Products - Solder preforms, bonding wire, FLA's, cladmaterial and refining. These materials are used in photonic, wireless, traditionalsemiconductor and hybrid microelectronic packaging applications.

Specialty Alloy Products - Braze materials and structural alloys. Thesematerials are used in electron tube, photonic and aerospace applications.

PVD(Physical Vapor Deposition) products - Precious metal and non-preciousmetal sputtering and evaporation materials, refining and related services. Thesematerials are used in wireless, photonic, thin film heads, optical media, hybridmicroelectronic and performance film applications.

WAM Headquarters

Buffalo, NY USA - Manufacturing Facility

100,000 ft2 overall, 6,500 ft2 of cleanroom, state-of-the-artmachining/ milling/rolling/stamping/ cladding centers, hydrostaticwire extrusion, high purity refining/recycling, metals casting,automated plating, full analytical capabilities, product Research &Development

Far East Operations

Singapore - WAM Far East Pte. Ltd.

5,000 ft2, 2,500 ft2 of cleanroom, automated assemblyoperations, hydrostatic wire process, product development.PVD bonding operation.

Far East Operations

Subic Bay, Philippines

Combo-Lid(r), low-cost lids and preform -assembly, inspection and packaging

Far East Operations

Taiwan

Joint Venture with Yuh-Cheng Metal Corp.

Low cost production capabilities

Specialty Alloys Operations

Wheatfield, NY USA- Williams Specialty Alloys

30,000 ft2 with volume vacuum casting, rolling, annealing, powderatomizing and machining. 10 acres for expansion

WAM Thin Film Products Operations

Brewster, NY USA - WAM TFP

35,000 ft2 with vacuum melting, hot-pressing, milling, Hot & coldrolling automated machining and target bonding capabilities.

Acreage to more than double our facility as needed.

Target Bonding Centers

Buffalo, NY

Brewster, NY

Santa Clara, CA

Limerick, Ireland

Singapore

Taiwan

Williams Advanced Materials

Service and Support

Regional Offices (Sales and Applications Engineering support)

Santa Clara, CA Manila, Philippines

London, England Buffalo, NY

Singapore Boston, MA

Guadalajara, Mexico Dallas, TX

Brewster, NY Tucson , AZ

Taipei, Taiwan

Worldwide Representatives

Florida France Israel

Korea India China

Japan Italy Germany

Solder preforms and clad materials

Hybrid Microelectronic Device


Packaging Material Products

Products

Markets

Wireless, Photonics and Hybrid/

Traditional Microelectronic Devices

Typical End-uses

Cell phones, LEDs, fiber-optic

networks, PC's, military

electronics, avionics, medical

electronics, appliances

Combo-Lids(r) - Frame/lid assembly

Hermetic sealing

Clad Materials

Thermal management

Bonding Wire

Electronic interconnect

Solder Preforms

Component attachment

Refining

Scrap recovery

Markets

Electron Tube

WAMBRAZETM Materials


Specialty Alloy Products

Products

Markets

Braze materials

Powder, ribbon and preform

Structural Alloys

Monel

Cupronickel

Nickel Tunsten

Markets

Electron Tube, Photonics, Aerospace,microelectronic packaging

Typical End-uses

Cellular base stations, lasers, x-raymachines, industrial microwaves

Cellular Phone (wireless)

Sputtering Targets


Physical Vapor Deposition(PVD) Products

Products

Precious Metal Sputtering Targetsand Evaporation Materials

Precious Metal Refining Services

Non-precious Metal SputteringTargets and Evaporation Materials

Markets

Wireless microelectronics, Optical media,Photonics, thin film heads, glass,decorative, wear resistance, performancefilm

Typical End-uses

Wireless and fiber optic components,Recordable CDs, DVDs, Architecturalglass, Hard Disks, faucets, automotiveglass

Markets

Williams Strategic Leverage

Ensuring Distinctive Abilities Translate to Maximum Returns

Over 80 years of metal management and fabrication experience

Ability to efficiently manage precious metals critical to customers

One-stop Shopping

Comprehensive product offering

Allows customer to reduce supplier base

Industry leading lead times

Reduces Total Cost to Customer - Inventory turns

Alleviates planning "headaches"

Fully Integrated Operations

In house fabrication, refining and analysis

Reduced cycle times and single point of contact for metal needs

Service

WAM provides a unique, coordinated response to customers

We help our customers do their jobs - sales, engineering, accounting, etc.

We also prepare our customers for the future

Litigation

Caseload has dropped dramatically over past two years

Total Plaintiffs

Total Cases Pending (including spouses)

12/31/2001 76 193

12/31/2002 33 70

09/30/2003 26 61

97

Litigation

Caseload varies from quarter to quarter depending onnew cases, settlements, dismissals, etc.

The Company believes it has substantial defenses inpending cases

98

GRAPHIC4l03781al03781z0001.gifGRAPHIC

begin 644 l03781al03781z0001.gifM1TE&.#EAT`(W^#AXN/DMY>;GZ.GJZ^SM[N_P\?+S]/7V]_CYÔO\_?[_``,*'$BPH,"!,J7,BPH&\ZQH8@P\(L..YBO:@X=Q.]6/-3R9J*CB(]B35EMSY;YPB;DNE7MQK,S3R9UÛKO08X;!:^JEG?NUL=?%X^MKK*@WZ%1=U:[FU#UM47032W]*!'IWY\A!8Q=/"7QDZLR;)_^^/);W1>^;KO=;]CIP]O9QYZ\5WU'_M]-JX9MXJ_QW"FFH0>:?6;SW51]Q\MQ0('X0`?B/@UQV%U&=+6H5\IEK9BBQQ^F!F,!M(8HVHD2H4(5-L]Y:"/^)6(XY!$[6@CM>T2JN"+_BQLN>6"*,KHX&8TD@AAEA;XX-]A12#DVE&&DYY&MZHFOXKO_\(+9MS>DQ=CM["W%:1I);9`!$YRHA.BRDE>@5]I*W:)VJ5HI8AOS"G'%(J.%%[email protected]/.-W'8LK=$SO[QSJ4C'VÊ^]48W'(*>/"VI\U+@CQO$8S:2*W;M.-]HS4KMLH-VZJ8KWE!Y'._''6[T-.>!^=TZT=?>.G+C,&H9\=]I&)7=?+YWX-W%2NXYSM/.9K;,F_LK-]^VÛXZY>#6C#C?'!./^=_F3@P\YV>&MNWK+4K:M.VPHHRY+;9JUR_/U"]_X>O_69N;]_7;#=8OYX2>SJE?SPPO?INA[MBLHYU[`BK[OÊ3_=IN&E6M?D1C8XSQ7P@,[#3=ZX0K>:G4Y[NS`4Q@3GO\^)M3$17"U_;T':ÎI7.=9V2FP>+E)V)'>I\SYM3"57DN,YB,7.T6[GHQ(?.35&OSK'L0\M[-,8:E4TMV2EZ8Z59(].$*&0&=*YWT9EJ[7/#0YQE5.19RRJMHU@RKO:V*VRMG[QV*ATAMEK0:VSS5,:Y-;7-=V4[@WG"YIE7M=Z"K7MNK7%[G%12Q+IL(RBY$VO>G\!VEJM][WPY06A\AC?^MJ7I_0MY7WWR]_#5(F0M_0VP@#-AHUL.^,`()@MADYO@!CL8$JM]L/^$)TSA"EOXPAC.L(8WS.$.>_C#M(`ZQB$=,XA*;^,0H3K&*5\SB%KOXQ3".L8QG3.,:VU@YZ*W2C7>LG;KR%"]7MI2^/AYP-4J%%QZ$@5QYC1N0F6PB/="56.C7KY"IO8W6G"$R@&&OE+F/#IJ9XM$C6]3&9J9!'`TPGN^LK,YFAP#\WG.:T;VTSG9A)PSJ$3M.972P[X6MZV_WN>,^[WO?.][[[_>^`#[S@!T_X_$;M_O"(3[SB%\_XQMNB\9"/O.0G3_G*6_[RF,^\YC?/^#[WH1T_ZTIO^M]*A/O>HY#_K5N_[UL(^][&=/^]K7OO6VS[WN=\_[WOO^][+'/?"'3_SB&__XMR$_^VM/._.8[__G0C[[TIT]]$IO@^MC/OO:WS_WN>__[X`^_^,=/_O*;__SHM3[_ZU\_^]KO__?"/O_SG3__ZV__^[#((HF(+[)X(JV((N^((P&(,R"('55X,V>(,XF/^#.KB#>P$"/OB#0!B$0CB$M1%B$1GB$2)B$2KB$3-B$3OB$4!B%4CB%5%B%5GB%6)B%6KB%7-B%5T@07AB&M8CB&9%B&9GB&:)B&:KB&;-B&40B&;AB'@B$*7Q1JIKWJDSCJK((K_J:RZHT)JMZ*KA&*H4V2KIHJK-@*K__*K?CZK5>IK`*UJ,Z8G@#;H_DIMFR%RG7!ICSYZL;T(EW(Y30_KIQFKE99JKLY:L);:I54JIV]JJKY8EQSKBAJ;MCV.YH]C*JCI":`8;J-Z*C7'*3$0:F(/VKKJHFY+9H::9CX()M"H;EX+I+&>IMBS6[D!+[M&[ZH%+*3PT99+\DM4%KC$=[F.(D2T!ZFRSJ8X(:JJ3)M>2ZK'^5MLE[VJ:KH=6[[MEBGL'*;=3%:MV@'LGB[MWS;MW[[MX`;N(([N(1;N(9[N(B;MN(J[_[B,V[B.^[B0&[F2.[F46[F6>[F8F[F:N[F^[F@&[JB.[JD6[JFM>[JHF[JJN[JLV[JN^[JP&[NR.[NT6[NV>[NX"[AT>[+]L+O$Z*^L"UBJH+=`M>K,?MYC=*I`ZJ[P=N;R?$)S`"HP;*K=5&QVEBKRE^:0;&[=1`;:G)I5I&VSZM2B!/2KT62;[7>[`_^JZB^KVL)K[@&[XB6;*SUKZD>+7H.Y-,BI'MZ[N3B;/_M*Z^\2QP`;!S).XK^Z[Y;B:_56Z0)K+\%#,$"',$R^LÌ>4K-1[RY^9@?&ZJGM&9=)"$1JY_(:;_GZ#R&&;!=B[$H[+(?*;*%5K2G>IJIÔ]/5%*QF^FJV.O"MV6HLUUBL.%RV&BQB1!J__=G#5_HFN-JBO;J;*SN>=OK"2-RJ)-RP-`R>MUJMMC]JH+\N5]0JGO2B?/DNE)IR]+[O"K2@5O8JQ5]RB^YIB1:Q`F=FQ,SNHVRFGM^1J]=RO%.%JR6YNK-LJF>-RC_%NF??JPS\JKX[NS+RJN[JK%I%JKW+MAS"FS[E.;NF^PSH7NRRM>JW192KH5TSID_J=;Z[F:5R=32X1-FO(IFRK:TS@',V?M\[J5"GL"^W4*0W)MI>[LRS[L&RW(-@WLF;K+FFS2G1[)$\K_FNVV0D_ZIJ9RFDTZDU][M8>[-9:\H@>].OX[#R_MR876$G0I\Q8M\Q[KI3&MH^:^[VF*\O#.\_H.]2WOZB_/T"D?WTH/+#99QV)9MJ5/_!M3JG(OL67N?)0;MHJO^Y"G,\IP?'W+.J)G>MJ"N@#_M:_MCO;-LOW0^_`7:K27>OUHWK3R)%30&]CR*_YCW+5ISH][_9NR.L/G'_'QK_I7M?KQ0-+'F;Z72?_^`0$0$0$@H>#A8>%@(@)C8J*BX*/G8.&EXB0B)Z=CI^0D:M*CI*6FIZBIJJNLI::JG9&BL;RSEKF_JZ>+O+VÔ["QPL/$QW]"RT>"EZ.GJZ^SM[N[LU(_M[*..\8'VZOMO\_?[_\/,*#`@00+&CR(,*'"A0P;.GP(,:+$B10K6KR(,:/&C1P[>OP(,J3(MD21+FCR),J7*E2Q;NGP),Z;,F31KVKR),Z?.G3Q[ÔP)-*C0H42+&CV*-*G2MI4R;.GT*-:K4J52K6KV*-:O6K5R[>OT*-JS8L63+FCV+-JW:M6S;NGT+-Z[>_DF[F7UEU^]@H'U]N55^.Y)?*/V%J9T$?(LR0!?)9[W^#(MMS8I+R"&)+[HHM8X@?WF?BA`Z^1V,E)'*7XV[K!7FCAB?^:."'-=:#8I)*MGA@DB@*R*2$/=[XM(H\8^K5@EEJ&"*62]X!&G8U3%CGCC/"!:2%HM*7XY9ILS@FGD$]J&2:4_'69MIIIFQ@FHEX***6:@_W3"2*>>^%VI*#-7;OG0BG>J&0Z$*N;WGYTKXG.IB]=%M&6.#YXH.51.B_L%1.Q6*+XYB353&:F&/XN.G-'%MM9R+5XC]F2$5=/@ILSTIC39_4+KE%,9@9E2DP-6FXGP)4BPXKJA@_JKB;':IAM_QRI(5^F4WFUTY5`-1=-K_K+0AG38$;=Y,9^VE62G9&7+GLG+"G)(J66]::'M1-7,@I8O-7XU7'A;9%V'RKUO[Z.+)>96N>+VFU?'JYQ@Q>,YUQ?%FOM_OF.B#OR:K^LM0M32YV:*NY,.3/*\`K5O$2%&JÈZF0L,HK)FZ:NOBZ4&;?.M4-!JW1'J'"=D=%[.S+3>-=R0;#;2FK;6,UX2H_$\X$#.=V4Y3%P/*6I;=$D;MO[W43*5[&DJ64O12UFQVYI_9[INM]AMN7>\2S*6KW.#&">^2[O:9M+'-QT&'[QH&P7-=6MU:`3==M#&M;-B+*O\,GTD^;WK#IO`5OZV8P:0DCB/UBDK!8HZ-1.@*[5[5.A\"MI/?,.AG;BA%7J@U+:BMCRBC[:B2-)I:E.)^17B@AV9'%9\XV=]MO9D4*OH;*16&7A>%":B`NXI&J*D_EEJ_87-V1(3/#RMJ2+7:73JHC(&5[#)IC0UJS:95E^*@T?U@F-:;&4:K`LXD1Y&:LW)JV&J9".IMJ)FZ?-/)K&YTG&MQ3CYJJ88(K3&J5_-*98Q759,98M\GBHE*H8OZG)_M]CA$*J$DJ"NOXXSNZ)M($[*9-K(>N'JNFHQ-FK*QJG7B^%#JN*VYZ+."EI#=MDJ84>Q;*H,,4H^R"B2H!F_>;.Y\&"A^#>'S&D+YHLA_/NG_CN6#321&IF-9ONX0@B0W#;3ADR/EI3.:)NPW!TS9;RX:&;=`9P6)JFYUQL,MZDT]@DR[CI$]\/VZN:T]].VZ_)P\T\S>_>W?_PW@`2[@`T[@!6[@!X[@":[@M"\[@#>[@#P[A$2[A$T[A%6[A`1$$.@`$-M`#,M`#-A`$%ZX^/Q`#+S`",&`#M(HX^02`#+A`"+B`#(:[BY0,$(A`"(O`"-3#CY=/B(N`"(M`#.SX^-G#C+X#CM[+`#.B#D9>'C30X#GU``42[E4XX`$L`"@B``4S[E!O``"(`"@B#E`H``G?#_M`%,N""L@`6%.Y5].!À@YHA``5D>Y4*PY$UAY";^XU!N``7@Y@AP`&Z^YU'NM`400Y7N.`(2WNV+MO_B;7N_8#NJ%GO-S3_S;JUMZ]>P8\N.FB,"5G)85RC;B:,W8T(*(:8/0"1,-.?A3L&&3VWL$AN3PO4Z'M;^4[;,#KO,DW`:.$;#2\Y0\?C@!$+OX#[(`!`%MDZ378_]$["#SZ*`H'("$PM0(4(`*"G'"@D$:'=9+,EJ.""##;HX(,0&L-"!EA56`X*RU2$ER8$R%46`+EXM1$P)_0BDR60`NM7`,!$(T](P)VKRFVDLSL!0!!9/($.*'$FRI,F3*%.J7,FRI)]V*A-)%M6Y\9$LH@DH:&IZ6._;G6GT(VZF9?I,4Y(I#Q@;KGEGV>^1ARB!52M*)N?9EHCE"V^)F=K'#K)")RW"C*KC;X>J-=8PPKK9&C`-HKJCL[B*BI@;J88MK9?17JG@G4!J1JBT.Z8*;+"6/JOL9M4F&^ZQX[ZIYZG@3JL=L[!J:J.KLI0UMGGEQU55MNWP.)RYU')K[J[[\4NOLKI@:.Q_Ò8++I(P-M^LO_Z\5U[MIAG)%M^&V\Q&99XZ+N/5ROABCSYZ7))[L[,IY5!@MEQ!1C&B*^G2`&J9G&CJ=I8;F2M>IG*S'Y,_'98LA#8,L0I[VST6I?`=Q=X/)G0+GQM#&D6W!_1:H(RCH+9Z%*/,2À_DXF9V^[6N@*NI8%&LI3TG((>"X8PMAKW*W=R.5J'2&0B&!8Q7S6@H/!IB,(@`(^$CQA:UM]N'VOE`M=CJG4T[9R9%MET9VG@Z>I;1H1K$GMJ&YC9@KC%(ZKTBLR.'SF4?C$:4^BBKGP2VE82HIE[RIM4Y'N!Z/D5&@`S)Q(P2?R2>=%NRFF9.H$:-4OY%RKWM9_R%A3Z^JMP*TT3W=U5"-8!5C9E6:9'6K6=GJ57?^;W[GY"H\7\A-MI-)'7R_4X2'9VKA]Q:^9QB0K8/DJSAUJ1:'+HUQE^'(XRJ+5+X%5(>#J]YF3MKNJ+UDRLK99*35N"UIAJVIDPS>9BG/>]M[W,S=9CJ`3D@DM*[H4[U_O!JZE7/>G'4YE"M>WU!!O^ZV%LA]+&;M_>S/N(':U\[VMKO][7"/N]SG3O>ZV_WN>,^[WO?.][[[_>^`#[S@!T_X_\(;M_O"(3[SB%\]X6S#^\9"/O.0G3_G*6_[RF,^\YC?/^;X[OO.@#[WH1T_ZTIO^M]*A/_>8_K_K6N_[UL(^][&=/>]JSOO:XS[WN=\_[WOL^]K?_O?"'3_SB&__XMR%__[X`^_^,=/_O*;__SHM3[_ZU\_^]KO__?"/O_SG3__ZVW_]YKB__O?/__[[__\`&(`".(`$6(`&N'_YM=X`*N(`,V(`.^(`0&($2.('X5PX4>($8F($:N($"(`)^($B.((D6((FM>((HJ'\AF((LV((N^((P&(,/2'TT6(,V>(,XF/^#.H@O(-"#/OB#0!B$0CB$M1%B$1GB$2)B$2KB$3-B$3OB$4!B%4CB%5%B%5GB%6)B%6KB%7&B%!-&%8!B&M8CB&9%B&9GB&:)B&:KB&;`B%7]B&)B'/_B&>MB'?OB'M@!B(@CB(A.B$?%B(B)B(BKB(C-B(CHB$A_B(DCB)E%B)EGB)6KB#FKB)G-B)MGOB)H!B*HCB*I%B*IGB*J)B*JKB*K-B*KOB*L!B+LCB+M%B+MGB+N)[email protected](:E^8,#F8;V[9HO^@.6I(+Q_@3GS5L)H4-,)*,9L907')4T"@R5B=H]U"-MQ*B-/'_&;U8CN8&CLMACCCAC3O!CKB!CM&89;^@C>YX,$47M%/6XCO!XCE:6:ON()CV6C\((D/CXCTIAD*S1C^\XCP&)D(-"D$ÀD!%Q8]/AM2?%4&T[!(AHIC1>)9V9Y]F9X)JI3SJ9\`&I;FN9X.JC\E696Q28\3VJ`*Î![:9*@YISTJ:$+MVHP(*E8)UI@BFJ(J.HU9!2@CJ5@]^:"868S78:$],O^>%YJAMIFC$@J5&ZJBM[SF9B$D;//J=%X2AYTF>M)[email protected]!_J34PJ7\%B-Z!F?UTFD7+J@MNRF1-8&73[JEE3FE(HJD6FJFW3FLV[J\^JO-F;N.VJBUBV#%FKK^BKKV^J^#MV[M]5*E"VJG?BF,%*[G&6QJ[JJ6'JJW26KS/BS.N2ZVK*J>Z2IW\>KWHD[U`MZJT"&ZN\"[X/M:[=(HW.I+'CÎ>?2[JSB[Y0E+$H>T5$2[-#2Y@[*[HS2[\`M',`"/,`$7,`&?,`(G,`*O,`,W,`._,`0',$2/,$47,$6?,$8G,$:O,$M_,$@',(B/,(D7,(F?,(HG,(JO,(LW,(N_,(P',,R/,,T7/_#-GS#.)S#.KS#M/!R+SNL9B@L//YQ'KG"S03R]FC8A1^P2:7N-SKC$ZV"]FJD*EBN9^$6C5ZS$M1I&H'E024`P>7]:4W^L;MR-BN(HF7OQF7QQUY9D^90QB5EK$:WP4&7Z47!N]GW[;YG:^(-.ZB@3*P@7K09J;V82^'>_/]3[%O?J4V^MWNVY1KS:#Z[6QVR9,-+A#_VG+>Z>##T3:=O,[email protected]#JNRS,R@)_J_3BFFM%/K5%(M711NTY9KE)OF_)_NQ,8N_OL._*'FZJQR\DC23("OFY+KE)HKE2TGFMPOKD_FJ7.XNP^VO(7LSG"Q*Z?EZ*@;P+@:Z,A3Z*@XZ,_)7HJLCH8.>[^DVWM;:MM=-W#EG[IF)[IFK[IG-[IGO[IH)Z*CF['(B8J+C(V.CX"!DI.4E9:7F)F:FYR=GI^0D:M*CJZ"0!`:FF*NLK:ZOH*&RL[2UMK>XN;2VC*>ZK["QPL/$QW]#1XN/DY>;GZ.GJZ^SM[N_@X?+S]/7V]_CYÔMO\_?[_\/,*#`@00+&CR(,*'"A0P;.GP(,:+$B10K6KR(,:/&C1P[>OP(,J3(MD21+FCR),J7*E2Q;NGP),Z;,F31KVKR),Z?.G3Q[ÔP)-*C0H42+&CV*-*G2MI4R;.GT*-:K4J52K6KV*-:O6K5R[>OT*-JS8L63+FCV+-JW:M;!4A7(K$NY;M7[;D1K*[""\DO:WXLGW52Q#=N:`"AS0LRF]?7I,0YV7SX)`FN#@0$2A/3VO??[3$/.2\:'-\$8V._1(#F_8E.BM0HC$(")'MC`C$I`!HB#],3A,WLL0D+D5RJ*"B$RO7$2M*42D(I,W^BM%%*'YQBV0LHQG/MB,8TJG&-;&RC&]\(QSC**:*$5A!S2'DDU7HM)H1^_E42R2$Z'\&./%//9/@29+MHQ)]:$LCZL"*$M2?L_F>DV1W3I?2,W,O[9>BA$G2WW*ZLU#ZO\M.UU.RVI/N&:5J5R=98;@)U'XR:FA9.WI6)&J5YKRM*WC\Y"VO>__.VO?_\+X``+>!OCY=DL"CS@G5QW9%Y_)*AAJ^Q/LXLF3MGPH[=)\V/4^MEV1I=M,,]$S.[#,EJG>N=T=0]UB36KY7XL913*N2=^SNQALU;FV^S9P&K-YY:?.F5[MZ7C0&BDT9O/\TC/?3K&T36I@'_M32"]4KU^FM$V*B>0B*1G3639H_@I(0?U9MEE8?/BN]SD+K>YSXWN=*M[W>QNM[O?#6_K&@>7M3H[W63;("/;HV*;V9HOL1E6*_TF3N-]3')MNX"/P21-\B@"O9280//"%'P75MSKWF-(VM.AJOU8*)?K;$V16]W$Z9RX%FYV;1"S[8RYY\MV'/BHF8[.(1>M9$8Q+YM6G=;T*,KO.V$WCO?"1GQOPLR\(+_([X+C_C$*W[QC&^\XQ\/^(AWFHAWO(AWWHAW\(B($HB(-X"4&@`T!@`ST@`SU@`T%`MB&3Q`S'P`B,``S;PB&(1!#+@`B'@`C+@B)?X%4`@`B$@`B]0`Z#X%9HH`BX@M`CV`BEUA`Z3X`J5X##N@`Z_($:NHBS"`"`7@B[\(C`@@`2P@"`(`C,!H``^`M`"@@"+\H`À@"`\`C(*PÀ+@C,'(C$2``--("!1@C+XH!+A($+,XB:S8BP90M`-N(``>PC>CHBQY`!+Z(C@A`C[_HC@WHMBQ)`!`49D`50"!P@D#L@CO*``RN`_P(>T`$4T`$JD`BZR(HNT(N_"(V#`(P(M"8P90`C'&(\@&8W3B)*#0)`)4)#:R(TN"8SA&)'VL`,N('6R8&\RU*XNH[?L(KFF1%*`!&;D#M&XH(D>L!&O"BB1F,$D`!HFO"+H$#'L`!!$F/_2BP6QD!,-D!*$",.8S$2:S$S$3PS%42S%4TS%56S%5XS%64P2@0``.S\_ènd


begin 644 l03781al03781z0003.gifM1TE&.#EAT`(W^#AXN/DMY>;GZ.GJZ^SM[N_P\?+S]/7V]_CYÔO\_?[_``,*'$BPH,"!,J7,BPH=G(I)ID.?F?II$;&^6*6NHP99R%]UFE6A*;*51AHG&&*M(9JFIVGK;*M+&F@(2M9KR1V:>V,V,YJ[""Y6M9JN,^2ÎE6D#J96++?+DN--4BHMSWX:;3?2F'#\N=\5T[^NNYS^]&5HN_VVV1\SM^;/BEN.9,>N76IYZFTW3:O?G2"INNJ:_#ROV4)%/?NK%Q=..G^[[!=]M\9CGM+CSF5?..O/7W(ED5Z;,[K_HON7VX\/_KOI\L_MC*@XX;^24?=^Z^B+>?]+3#M0TVFNZRSUI?Z7?L(N,K_6]S4^G>]_#;IOVQ";YO/XZ:?M'E-\55.2F:LI#GER+!Z325Y+N0CPD8T3G[=B47'_%P]M7>^0AP87+O)W3@XRS6NGNM>;T6=M20'L75145JT7]-0VM.1*MU=X1;*FI`2A*'[A"UT$U?EUE)EFCNE2P0B6;M?Q@[;!)O98ZI:J?!.IZ\C74M'X8N@-B"F3.-V4:^9HIH69F;C`>NB&G6)^+S1)M>T:&LB0O:3B"8992!&)8G^5^:3>%*P-X5B12&!4_]-)]@ZAW?PB(E-)7`F)-M3B#)W=I?X8F+-2'MR(A,?Q2(\J-\Q52,8PC_0SEUBC7AC+P&2*[email protected],U>$;L>8CD5V/#_83`!8M?W/5A=$X40631H+8CLQAC@:H6=(T:B9(C>/2:6Q8AOU8==D8@?AX=SD!BO'"M1#H5AZ@%CI%8?>J8@KÀ81%9D:[X>PBYD4/HAW.53]M4'PRV>LM$'7T86>ACMB3YH29C6&R`)1RJY8B7Y$]PFDKO$9\RX?,Y4B[149R9H/N@E;^L'C1V0D1Y6^L82OMW')\UVM.%J7E#Q!-Y8ZI1B391[_XF[_ZN[_\V[_^^[\`M',`"/,`$7,`&?,`(G,`*O,`,W,`._,`0',$2/,$47,$-DJ2!,@SBJ0JG*)!OMPS`K[C&Z[13^WD5Y[B:>S5#T[3MXZ3*0#[:=PZ89V[?,?[E)/WAO^WGX.38]8T/K3WF9ZI?EMW6"]V/[LT[Q\W0W.[+=][E'-X"@LX1QGYO^]T-7=[X>>WB[RF(`^W5Y%4$2&MZ?>NYDXT9/6,W@.^8/+^X@A^6L^\WP;!9/FÛ0`JRUWM=1X_)P`/Z?$>\BXJM\E&RF3&BXR(CH^/C86#@YB#B9V*AHFFYM25GI"3D*JDF*&GE92AKZVNI:^MDJ:XJ+B5MK.YK*JO_,2(O>Q(K?].(89^%+/K,^26I;5:`6X+%-CC]9=KQQ=XK1AM%LYTC?\K?2M!M)W5[XXF!QXS2D,;Z81W6:HA_]3DMO^H(;//4%+2KK7P_[V,M^]K2OO>UOMC_O]_#_S@"W_XQ"^^\8^/_.0K?_G,;[[SGP_]Z$M_^M2OOO6OMC_WL:W_[W.^^][\/_O"+?_SD+[_YSX_^]*M__>QOO_NI7R^.VW@C\O=:_?>JMS^F6>UG;7;WP_(\\1G,^K7%_085ZQLZKD+0K4^!K;@:K>)J``4`LÀP``#;_[#CZ@%$,*X-BP`92ZX3>P`6*[$1M$`D/Z[!$X`$%@+$%0`$2(+'C*@%$H+(F6P"/P`$GNP,'VPTXL`(HX`$=0`$=MH`+2\*W1Z@+B2J[U6@CEVK+EF@&(P*X66[3VBJ]-6P@IFP`J^Z\!.[7E:K`VM&PX[P`$/*P$K4`@C@*O8&@+,[email protected][84,`$4H+8&T+).^[`J\`$JX+9SZ[$.M&[>((++UV@%J^[`'0`$#3``?30@V%M#`"PC0*6$``DD`@!4/\!$0`Ì6W8B.#/1%#9YWB@SRK*;ZZ+P[C2ZW*=#J].TL!M&N"S.^##P@#;'J`!4NRZYBH!%!#"PN..`!')"R&2NR(@VX$5"U'8`"Z6H;=Y65NYF>.YFFNYFO.YFWNYF\.YW$NYW/>J($``#L_ènd


begin 644 l03781al03781z0004.gifM1TE&.#EAT`([I5]*"7CW(W7T/I0]ZYM/#]Y_?&@->'N]WH:V;ODFF]]Z;@DMXQK_]L[%S7V2(N#Z#D@MM%&P@Q($MX.DZ2,+\Z>=_F(NC>E.*PH^RFV3G(A5K7)-:.C[^K;/L8]T#.+E::1B-@QGHF68DNM:.@M=6SQPKI:7GG6K"H,:RXME=D!_UYKICK[(B]KBT%=WO"P-?):W90*PLT2+*_K3H`ZUJ$=-ZE*;.BO&/+6J`4/@MDW5$:!4>5G?IN>I:*H"(7$41^]U96'S6Q1M*0JHFQ(CL@';[&IS95G!GJ0;K4EM:WL;/&2EV+'#K4>&9?O;Z`X*[(++[?N:M-MWP=@KID"1M)\;[WDRIG"2S.4^T+CNBJ%,OIBI,\%3A^^#LEA=UTP;HV?4PMMUVI]J.W.UHI.S2@_X[QP(O4K#\MM/`HEZ]:;K=V6C$?ZSPU^TYNJBY1NG/SZ6)K8H7\V\PC_M[%?"MFM18MTAK66]Q!'V[7J$5Z#?_VC2^2,=+CH_PM%D)C*I.Y_NE7O_[WS__^^___`!B``CB`!%B`!GB`")B`"KB`#-B`#OB`$!B!M$CB!%+@4=7"!&)B!&KB!'-B!'OB!(!B"(CB")%B")GB"*)B"*KB"+-B"+OB"M,!B#,CB#-%B#-GB#.)B#-I/-B#/OB#0!B$0CB$1%B$1GB$2)B$*KB#2MB$M3OB$4!B%4CB%5%B%5HB$3'B%6KB%7-B%7OB%8!B&89B%8EB&9GB&:)B&:KB&M7DB&;/B&KB'?-B'?OB'@`B`5#"(A%B(AGB(B)B(MBKB(C-B(CO_XB)`8B9(XB918B99XB9B8B9JXB9S8B9[XB:`8BJ(XBIAH%J1XMBJB8BJJXBJS8BJ[XBK`8B[(XBZAHBK1XB[B8B[JXB[S8B[[XB\!8BF41C,18MC,9XC,B8C,JXC*UHB\SXC-`8C=(XC=18C:?HC-:8C=JXC=S8C=[(BX$8CN(XMCN18CN9XCH-F!.JXCNS8CN[XCO`8C_(XC_18C_9XC_B8C_JXC_S8C_[XCP`9MD`(YD`19D`9YD`B9D`-)&`K9D`[YD!`9D1(YD119D19YD1B9D?W(D!K9D1[YMD2`9DB(YDB19DB;)CAQYDBJYDBS9DB[YDC`9D_N8DC)9DS9YDSC_F9,ZN9/UM2),\^9-`&91".91$>9#H>)1(F90J000^,`0^P)0J4`(F4`(E``(E\`$0L``,M@)5:R95;R0!=F95;"0%86997299G^0%7N99JV997N0`%8``%4``!4``"0)97N'B:JX.*.H.7RHAU9X3XV'6#!F1>!'2:TH?I.T5FT-`":E7ÌX@RRX42L``@A0`3A0M@9('Y2S?6'$^1+HR.=\J"M+G)Q4SYE.0NZ5M"#\KAK+2+#WW?F!22!I-,N#I,7">SEP;*4AV`0*5EI!F8QM@ZQF(OBZ#+SN!QO[8&8SL/D=P4JF36^"YUXMNXA(\"D1?`+T)_-9@8DVHM*`0(&:@9'"C0`R"8HÒLI,`(+9$*LK"T@;RZT@[!P$QRK8`$-$`#.VV@0Q@X6PIDA`"S\/#'\C-(C@5ZYG>Q!`P?I&+9P1`MAO%X1?TX,4TKYA)'&G*P0*7)^8OLL?35)/D#OKCZ1(;3]GD#`(N$O5>U4N;XM4]5D]5>?PXVJ4I[7,\S2`C,#W%,4KPK-GU4R9E8=866#B4&*-,LLJ``(9D($7.!KYK$=ZW5FR^-FA'5!W55EUP`"QD`$,]$1^M.!E^))F@,8$$$H@!K@4*34#8&4JSS=-:F%/4*)>IK=-H``'@VYZ,S.:0%%1-;'&`3,`$3K.%W\6.'$$C;K0:H`>%8`(D0=IJ[B$RQ!4PGM"L0YB8?(J``&)`S%7(9?R-JO[=,7$@AF0%"NI94G^MS!^(`1K,^FW:`NZ8NGM0:%*?*).2,Y$L>,0X94`""`4$3*A16.A!T,T:Z,N3BMR7D@(UHG`R3;B``^;ZY$`P:\8/\%]HGA>(`2NZ@$K.X^8@`/_$`,F,Ò\$`)M6*,$Q(#H*$4FD>[H-.4#1F..""!&4X`G'8,`/$6@:O0M9%0Q_A4"K)*HL%`,MCH#LWDY8?(HJ7_99B"`K[\`#,L`KQ7*K\#"(@C:(^%`/*0`!"J!.JFM`\L9F(`)N*(;T;$;E++=Q-8MG?$:YV.,(ML`V'?3Y-A.TV(0;(:VZT%HZMXR^ML=-P7#=MP`MV#4>NX?IQ$!1!RPMF>@1'SC,]"_##UM.=J$-XT42RR&D'M^@VQY_._Z#-VR`1ZB>1VLL!=:Z`!,2D!V.!MV@$1ULF`.YN`>IQ7_M#L>D,8:NU@;_"$;;(T/C"L8@#^RGB0C`#`+!Q?3"#)B0.N:@`V[LA&9H?SL%M@.%B>D3CÈ@4PPXX?/`TA"6``*CBKYH%@C0"!N:@ECLB*[4,(Z!%2)WT!9KTM2>UDSD)81N%"(6KTA'5($KU'$MWBO)^;A;WTO%O8AY8NHY0`SL+B+AAQ7]PTM*R31O=V3;9R08CY:0?J4TA*CL=;H,E2@`H#M!"1U-]SF0'C5C5]MVV)M!>3XM57E&4I=#-L=#C"?UV.H&-3\DLMC&,X=Q^1J).7*K/`:)#,Q@5D)\5_=#/HC1MU=JHTF2$;V/-_'PI5XE\E(;C"&QC8"4'/0#YA5TM.I?5W.B/D!,9_Y'9[8Z=M=1?AK9$WHY@X9@3V;4=RI%M'@#?`%4T"@.'P$4VH"1Y'>;,C;EWEG+*Q!$KJM/$O@H$FN8.(BCDKV*TH`!4@@@[7E(%A^J9$/'=1X^3`VKZZR`&$[J@L>:@D&M.@/PX"3YP@QRLC:DV>YDDJ)F$E/,Y2(SD31$XS50(R/SD8@!`@TMV_AM#4GA,>EPM4`@EMK>$7Y6"L(60^-\7B]T`RMEI)O37NVJ;TNK%SL9CM-+-K@N`X5@!UYX]UX:_^6I?^8/?FX_IP=/[0\>\[&S,Q>H0`@;=S6">;2J=RMLJFPX9,^SY6Q6\EVKD!ZX:!Z`90'("Q[&[!R1,0RK'`.;-EC'OGFMX_TP*90"O*`D5,L"8N"E,'TOS*".(*!\?=M]D$BXS4P#3H:XZ:GFABAR::N(()*O2@`DHAM`K&BB$&\&(06*P"Q@HX\FH!!#RM\L8*#%"@T(O^$)N18X849/JFACB90$(01M7Y`1!`4*)EA1CQ]"I$)$5*[@0TAF*J2%%UJH4*47)@;!XX@\2LBCD'&R"*.'M26H9``09Z+EB#Q2DZ:&@!!X*ET`C*CK0HA,^ZFBDC1(D4`82GI`!I@^=T&*FM*V#*:408`#DEJ4>>.B4)(1$P0@D>C0#!J[%.\-*+0%QA`@1`P%AK#SB9X.M,MP0+[Z[`[_'K%3U[`T06SÊGK60T!T(4>SM8:)*5J9:,LBN@HB^"Q8G1100!]%O$7'DOL(=A'Y)&W6DOD8:H8222B4$`%-*N[*T_DP#X/'J7"8ÙHMB%*,5V.F5WVHE*UMDOE-%X$@]4XB@E-2BQWUN0:726ZDVM.:)DB@@&R?Q0B>J@`@I@@$(WÌ33`?V"`0B,!P]`"=`H`,1,!4/MBO\HX`35F$4)$#08A0917`.E`5)MX05&H11(D05Z4($6-$$U@1,9U"DJ)D(K@`5?,0=84"1G81H"UB*-]Q9?!!A^MH`*6,1\*_Y`!4O`6@A$(,%!E!)`"2G!HD'%H1?P]38TQZ*(&3)2-T),!Q.PO\EA?@V6NF3&1A+2/DQ`2]PU;H\(+[6:1*"))"JC*9')V3_DCGZ:R/#AGNX=RJH%ZFIM(JFVU)F:E@$DT"?YAJ:29FH8S+\@TJC)N"$9`CAW8VRG#=E[,DYR*L*JLR?_M2R)ZBB+!F$W()HRD)JEE^BU(BWH-#,,KRZF3HF[#C=CFQF[C6(Y#+%!`7&^KMFEOAE*;K\J9+_%9+?)TF0`*Z8G"KAJL/5RP0:(-D$3","$B@!P9$.C!8L)R`$BJCR:PR,*ID]:KODI;,VMBM`]):GT6A!(P3À@X8$!0JL"`1HZY&R!S$0@:'AP]V[=C5XL'O7M0P**``@@%!QQPL3!@R4&1GR8\>$)8KA([L*EB?_W%DS9*?31B!Y*E8B"IVX>;R"E\HR(U(20^4(.CS#;"[)Y;(]'@7XVPN84DU[Q"+MSMWF_%E#P"8B8@]MOO1`*M[BBD+WAX&;LJ!:KR\LHSI])RS#GW?&F!E-Y\:;XYM)T@AVF";^J&)LZHC_O5`G)G%C"_TD%EU`:%"7;(AIJ*,FDHLIOJ&':GJIJK\*^LFC'$Q>%1"J0`,Q_,BCJQC*JH@"(CK8X(,8M/O#@`[V.2-1Z:9,1M^..)2MS6P6?6K%B7-_?NS,(`$@#"$OR+AWOJV'>8DZG,J_0Q+?:YF?CF1)ZW7>)XCM=9@^[JOM!T1M+?9=XEH+XV++?20!_D;N_K*5_^ZDY;8J*6"N4A88N3AE(CSCZ&K?-&)7M!)O9V)7?N8%ESSJ`!Y4J5OMK9MSH*80Y7U6'>W@S%K=`Y\D_"JED`M-0]?#+Q8HI+W+[C0[&_^*MX#\>2OQTW.M@X^?$$"JQ?4QL5/[F6!AUV4^(,SPB&DM72!,B\8,FVU$CQ5B7_M5/D9QB&_O8R$ZUKI/_S>QF._O9T(ZVM*=-[6H?>]G6SK:VM\WM;GO[V^`&-[;#M3>YRF_O\YTUO2U/ZWOC.M[[W_1$7^/O?``^XP`=.M\((;_.`(3[C"%\[PACO\X1"/N,0G3O&*6_SB&,^XQC?.\8Y[?.+F^+C(1T[RMDIO\Y"A/NZV_WN>,^[WO?.][[[_>^`#[S@!T_X_\(;M_O"(%SQ!$L_XQCO^\9"/O.0G3_G*6_[RF.?[XC//Î7S_K6N_[UL-&((D.((FM*((H*('S=W\;R'\2Z((("(,7*(,)2(/_9X,N"/^`)(B#.JB#,>B#!$8%5\B&7[A_!B'/-B$M2.B'>]B#?6B'8`B(=8B&8@B(UE=_B:B()?:B(LEB(EQB+5WB+MDJB+8WB,L!B-Q-B,RCB,MOYB,RRB*V(B'W:B-5BC_C=8AY:8?)6W.)H4M69J!>)J:>8XV&809^9DN^9K@2)14>958*8SLN)FXR8NZN9>\R99"R9DQ.9OZM6)M-:8U$"!3F2(.R^96^^(#">9N).93#&9RG.8^YV)?8V9VLF(;5R9MWN9O@MF934^9+@69[">9[:"9KJ29S'N9'N.9T#.)[KV9GM*9V!>9_QB9.YZ9J+>8A0MN(9KN8IMB9T>^9DB"97*9(;RHD9MZJ$EV9';!Z$C:IH4ZJ`GRI0AJJ(-:J(?JJ#X27_O"/^B)1J8N[F(">F?\%FT%$$_>6/BO@8J;59J%Y;_7C-`&*M8^C9GQ`:=5#FA*8&9!7R@W-9H,WI"DS&$%6&BC]V+H=YW6;U:Z;G0T;@9J?L8T3#HJ&-ÌMILFI#2K2FU].*CN:E+D&FQX)G[BM:J076#[4*D#6!S]WD8H42GX/6$=Z4W_+ZH`'"#HM^*O,8;`!JX$]VJ]NUH$4MBHHVJ8=$>D7'.JCR4DRHVGCNNWH=OY3>ZAM8.Z_[NLWT.O>CNYG&^_1;N_TO@>[SN]`H.ÔOD:X/NX!GPDV[@ZSCN9B/@/XMOFA41NQ-NO"L10*G@.]R](H5C^V_SNK/+NX7C_%6L0'X_O`K0>J+[@/,7O)=M[MHF7^X:H.\O7Z>:3O$N'Ê?U!:E-O,G7_,3WZ0(;VH*7P,O_P_T&\8![Z[SM%R_D!:_T3UL"K4;;I;[S4A]>#7_UZBX$29_U`:?QG@'I/5\$7P_VJ07P3G#VM:(]9:K_V;G;U\%MOP_\:L"[PP])@7#\R&\&J"_?.:AYYY]!OK&MG]K8*>BA0A!:***,CJ%H-H8V*JD-CT(ZZ:62J!8IIIR>4*FEG8:*Q*>@BFIJM:ZMM>NJJ&9!:*JNPTN#JJ['6JL*L(MFJ*_\*N.:ZZZ\B]%H;L,1V(.RPQ28[MIFRJ*BOJL9,2#'6&&!(3ZETG7U9W!@[]T:=M-')F(0;U49-,K;5C8D-:-=19?7/DV%LG%X/73A_EL=-LCUCVT%?7-/?==7^'MW61?>XQUWQSR??+_B?76M2WA"1J.-^-].OXXY!)[MS/E&HMW.>;32:XSYU87M#4C'(I^W.:LT,6;2W-YY[M#IDIZ-=MY:TCV>ZZ]K;=:U33^M-VCO!4^SZ;OPMF/CQ0W6=5N_4>H8?4%B67!_L5S`=.-V])],U%;O73KOO:6M&+LGZ23\])E8MM__O3V=>B?`1$5,W\WJP3AKA+#6:-'O5.O&\U4NV3&RJVQP&YS,]VW\/,_4"1M/PSYAW],\-_L!`@^W+W@1-TKF@8&EKB>',U^_,+?N_3''@@J@8#_6]]?+`@#MM/3CA3'X2PADYYL%=F2$U4J8#G=HHX'Q4&"=&!A1?DA$`%0EB$,"D?5A8EC;*\1%I-)=E]"1*]I"RME%N$@1]WT,HDU%(\KX3E&VY9#32*899^$Q(P2=`L7IYAF`5$)EMRN11E?@!CMQAR#,Y/Y'V8V\Y@SB*86M!F%:2K%FM%>[-9H#,T;5.'JQC(56MF(7_MFM8N(45]X5@&(9B.(9D6(9F>(9HF(9JN(9LV(9N^(9P&(=R.(=T6(=VM>(=XF(=Z6'$[TEQ^*"A]B%,GN(D$,UM&%*A_W>)."%_7&"(B`B#NM")JH.)!9@+G"B*FB@MHI>*P,*[O?.__P*!P2"P:C\BD8MF9J;G)V>GZ"AHJ.DI::GJ*FJJZRMKJ^PL;*SM+6VM[BYNKN\O;Z_P,'"P\3%MQL?(R_'6]/M7T"`=??+F#0G(,&&/A@`$DEB(MCO\@$H+]KOA;QUÀ08T$+-+!B%)2R(D>.SKANXKJ+7\?(ZV%=VL>34:O3MK=1T:=6]>2/UO:BQ9*?"O2:'S7MH[9ZX>3A/,IV";"Y)@TS9%^#RJ^?8R\;L_;?@P0GS_Y94558#M!7B?>P9*M5=ORY\!W1@YQ[&).!&*#8:*&**3C'&!2IQCM"OMSP$X!3C1$A-)CVB3"0WJL6H);HT/8%#0YR8QA3Y.KA-[R`GF_3G72O(,L$LA*M45/`^B+G5SF=K".A:1-TZP,BB(2'M-7`^;V%=OJ"/SFGVI%!9$-S=#[KX(TZ#)H_'(ES8'83YKW(N@KZ%G&H-Q*6M0I_YUGG>/PO.%.?^MBN5*0P%H(/1?^RM\-V+T=NX!_LS7;"D^D#03)J7+X8UM#R+59XWV(O@=I?1]?#W'W@YL*[6+#/$Z]=JB#_)#1_=I4HBA;^3/C9#M'.2-ROK14UXFK3?Z=04T3P0%DMT)KZ3M!J]H9FQ)O((Z-YJJ)FQ'/>FOK`63M;P\5Î.LFNF)P[S=G^630=8=G-7?X&W+.J5M?6CG7L.2+"[V$Q`8-$EW1D^4@;-$+=@$!+U?\4G>"0"7;*WM87:'>Z-"78>46@?$:WJD=,IT>4W#@)'#8;6W:UQ442H86A@S+*T%+#3$.*!AM4D4H0S0S14%53&WQ=6FG;".!7;0B@IE2%5@85)PS=;BR$**E2E*G,BE&1%'XM@";H/JR$3RL5A,QC;V78-6'S5K05&%OS?JT%.G48?V_(AW`T5_9W?^@R81V'M=UU(-^"G>BA63]*S5>?$7$Z4@&4-L'_=8E'M%XF8Z%AGN$0VF#B=V$2?RÒ!,WQC6!0RU%E@.(7VQG'7]WEYB(")I7*I^%!$MDH>M&%#7UG9\IR1FJ%MZIS(KUQ8+\QGGHM*(]Z!0W-A$.>U7.Y=)#S*(;TTX]/](N%)('KZ(.7QT_L*'S:9W@,:4/LY8P%M5$T=>"[R)VL?Z8#E")*#&'Q+AS_AUV"[EGVX`Y.\-'\M)TOTF'G919$:N4\NMA9,266Z4QX")!%B$DT]L@SO/"'0\28STAU>%_SAG[%>+RNB)RTB!$)@+M3&A7\`1P*KF7L>-1:8*,&1:7\[:48.F0?>AHR00?:A>5F\=#S)28)=E!8#@>M:IAE@/='BSF70AD;4'54S#!4-9='LI*-7GA*Z#%L'X.16ME1P'.$$C63D#A2MHADOH:JJLNFLPRF?HM.JNVQTFK.@H'IXRTNJO5J%V$IG.RMRJO"JDNW:@H,1EW%.JS*2JF^8*?*^JS0&JW2.JW46JW6>JW8FJW:NJWM^JW@&J[B.J[D&@N2>J[HFJ[JNJ[LVJ[N^J[P&J_R.J_T6J_V>J_XFJ_ZNJ_\MVJ_^^J_WZ@,`.[`$6[`&>[`(F[`*N[`,V[`.^[`'*[`0.[$46[$6>[$8F[$:MN[$[1(F[1*N[1,_]NT3ONT4!NU4CNU5%NUM5GNU6)NU6KNU7-NU7ONU8!NV8CNV9%NV9KNU;G"V:KNV;-NV;ONVKNW?-NW?ONW@!NX@CNX:-L&A'NXB)NXBKNXC-NXC@NW>?NXMDCNYE%NYEGNYF*NVD9NYG-NYGONYH!NZ?TNTI%NZIGNZJ)NZJKNZK-NZKONZML!N[NQH`M%N[MGN[N)N[NKN[O-N[OON[P!N\PCN\Q%N\QGN\R)N\RKN\S-N\MSON\T!N]TCN]SZ$X!Z*E\YX#^RHD]K63,:8*>Y5/N74H.&50\(I..M`Y$>4A__4>DAM>E$DNF`;--8WN.@+A^GSNBC+1X;#ABD+C!'GNHT_>FQOLNKM;E&W;D8?+N4H[N5?_NO=->-N_N!;SN7"GNQTKNR*[G+,OLSN(6ONR(WNPYM(.W6'NS5_N@NK>+;#N>#GN/B;JTB+MI@UÔH?NVO#NYQ?NDJ>N[NCM7&=1RKB>CK6SPVINOQVWQ'MQ?-G>5F`?BAU;7"!0WN%C(UK@XE*CUUTCHR0D9F:E(5F8IA.7)V>AA*;'HN-MAVJ@EJ=I;*2B=H2O4T]&LB):MBFIL61]7[TJ>U&[9V'$%+C*EH?+T5949CF\M1(!O4=;,TKDSP)_"0=Z/L6"FP[72Z"3&W+FSY:'.?C[RY//(/.W=V.QS(KSKM9R^9OH,O=G'_RI:DAC:!L@817':MTJ6*KB`@I,60UAI\[`Q5FS+)8CF,JJB-MRXB*>M-O9FTI=1F\7P1P[KU6:89)9IYIEHIJGFFFRVZ>:;>>?/;IYY^`!BKHMH(06:NBAB":JJ(MC4ZQXU_.9>'7WOANI7+CQ'Y_Q2A=&MTU0[U3FC;G^!R--9TV&`M:%AZD6F^+ABG,MA]`''2%$X;B)`T*P7.7X-,566-FK99^L3P9&?$T[2,(1MI^B"0)J?Q""B!3)0KW%9NVVS=JNU32YM)?6H:]O546>BC_CÒ9@(+B0=+F6IMN-V=;N&6=-Q[/2.H],WBT,+;3-X1K&@VUX:(V3ID`)*X3''Q1_&$1>'IX(BD7;I9X+@5X2(L7Z-XP-I)X2MXP_%%WB=\#[7I81+M,7PT2(3.AX126'[XP0I8"!I_IVWD!X0VD8)@&'Z4X6%78GM'U2P2*&'(9'@'MQGKW$'>$IUPG2'VYEX>#QF)[C>VS(>&F8A$=H@^L$MA]$'1*7(D'OF@948F51(B8UYD9P)?>%E%_#$F:-)1#6X@EZH?[A9@WVYAG`HMFCZY#4TEG(DV5:]IAI)%A&;IB+[HF>_#5/6GF';X4[=)A9CY.KR9EJT9@,"9MDUB)@;5(:-\$-8LI#FUXF[!YF4/_J)D4Z!F>J9@IQX>2F)G+*9=CEYWVMYICMF)_J%U-BJ)OB22N&YP9+HX=R)XXE5Y\,UYK&Z)>\!WQ*LT.6L8&\P265A58O1*(MZQ7-Y1XC3B'NVN)/'4!_J&8O:MJ#;N1&\N%W.M81_:&)Q"!XO+5*,(2FU&J3,I>J+F>9$2B9'VF%*IV*231%VHMTDQ2BDD_6*6G>*69])7O5*)J9HFJ9JNJ9LVJ9N^J9P&J=RM.J=T6J=V>J=XFJ=ZNJ=\VJ=^^J>`&JB".JB$6JB&>JB(FJB*NJB,VJB.^JB0M&JF2.JF4*[O?.__P*!P2"P:C\BD8MF9J;G)V>GZ"AHJ.DI::GJ*FJJZRMKJ^PL;*SM+6VM[BYNKN\O;Z_P,'"P\3%MQL?(R+CY.7FY^B\`.L-ZP#I%>P3M\H'T\"[N]CSL`_+\ÔA?BP>M>.!L\FW#%T;[/763>PK*!>-QM%%(&WP,X(C>23D-EE6//XX&4H3HL0B34B[5MMAV/+U4T9(HRR6-B@LA-B6)[+P[FUX%"6&.*&9^)/FJ')4@50?F1G%RFM:%29=Q&5GH5WTDBG=((=R:-%1:;YT99([OBEC'M%Z:)?ÌGT4F5>+HIBG4D"M&BB'DUZ:Z(F>2L=E:O"Y9UX_4ZJ9I8V2>DF746%-5RE:L1X''ZNGMI2:OQ__)_DU1R/:-7$V\CY?*N-D'P1MXN''9F55@C:*>:4_Y6"6@"A4\EH)"?:G0E8%"0=02@%AG70MJ$"THC(1Z4B)'P6*HDAO7F2%I8@RIQB*J3@O9`39GM\),D_81F4W9[K-B*MG>$5;0D[=5!6E9]1Y9X#N9_NH@GZ00JD7*+N.);!UA_MQZA6S4@:^*=AN4I9CF%%=G*GCY-0D8L(,T[)&`\7E03Y-WT5DHA"=WT#"B[8,%UYME8BS7UKI#C(!EDHCEF*W,&594G\&AJ^REBKQ!$NY7Y?X61EGEBRGE\8X"WD)M4G>)B6ZY@Ì#9&Q'+W/I2;G/9?Y=A:5FKQ#B\0F.[ÌD;8C1]Q`=]V3:=3'MA?S'8*7@A:CI)&**#V>4#FVN-L8B:/02*:-2,J=V5EUCN06#BC@WUM-V1X8DA$UZ61&+%:796A,EK=4EQ5.M%N65`"7TUI=UILAGM::2NP`[Z:U[R`.EHG:HMTI)9L%#Y70\[Z94LD"'TSVH94R9_5BQ)HYF(MNQPI+>J:L;:4&!U3F2+&,7JM?L[3C!..&Z0/UZF5'LEFTGOSG%\NZV2X$5-H:SM$M>,BU$-&V[C'=+[F1AUY+M-N@:*7KDW)R=Y5'_-R:BXESMMM[>EI=GD(9OZ?J(JHF(JJN(JLV(JN^(JP&(NR.(NT6(NV>(NLZ`:XN(N\V(N^^(O`&(S".(S$M6(S&>(R\J(O(N(S,V(S.^(S0&(W2.(W4F(MM4(W8F(W:N(W^(W!J(S@M.([D6([F>([HF(Z[*([JV([N^([P&(_R"(V56(_V>(_XF(_ZN(_\V(_^^(\`M&9"9$``$69`&>9`(F9`*N9`,V9`.^9`0&9$2.9$469$6>9$8F9$:N9$M^9$@&9(B.9(=R0@D>9(HF9(JN9(LV9(N^9(P&9,R.9,7:9(T>9,XF9,ZN9,\MV9,^^9-`:9`V&91$691&>91(F91*N905.91,__F44!F54CF55%F5#^F45IF5M6KF57-F57AF2ÀF68CF69%F69GF6:)F6:KF6;-F6;OF6)F7>KF7?-F7?OF7@!F8@CF8A%F8AGF8B)F8BKF8C-F8COF8D!F9DCF9E%F9MEGF9F)F9FKF9G-F9GOF9H!F:HCF:I%F:IKD8C/%D+42=DÎG^W";)@)=2C=;!O8&UEHOILBM[H`Y2\=I2NJ]"#VIP\*(T0H'\69X!!J!;^L."%.V4>Ù+FJ_&['[]NT@S!6/QRP&LN*Q1A@Y=ND.J[]\E>[1.JMQGOWK3T_[VN,^][G?/^][[_O?`)[WM@T_\XAO_^,A/OO*7__OA,__YT(^^M]*=/_>KWWOG6S[[VM\_][GL_^X`/O_C'3_[RF__\Z$^_^M,Q@/:[__WPC[_\MYT__^MO__OC/O__^]\___OO__P`8@`(X@`18@`9X@`B8@`JX@`S8@`+H!@X8M@1(X@118@19X@1B8@1JX@1S8@1((@1X8@B(X@B18@B9X@BB8@BKX@&VP@B[XM@C`8@S(X@S18@Q(S(F(S*N(S,V(S.^(S0&(W2.(W46(W6>(W8F(W:N(WJJHFJJJNJJAH)KR`P*NB@BQ:H[FLSLA"0.S6C^@M)9AD*NT&AJSKHVF^^JPAY*7*6@W/>JW)M:JL-.:`S"I;D:JAC2J[+L*)*64D>R4CCRIA/6:?K^J0D&:/ET:=2,J^4EJ@PMDJ`/BJSZ::7LLJ[H>J]+4ZMY2:B,.BCK"+!F>:)DÎ-%R9LTNU-.N8%-N/8FNQ'>2T"[N$NV**NY:]N[WDNV?HNW+5F^=7L3U,N\M9XNZNUNZ5RFUSNNDRVN\1O\KO1>[OLVYM[DKOV&KNI);L[-;N(A;LL(+N-K;M.P+*H'M:2-Q)HRS4KD9ZH>QJI(@ZGO$+IAFJH`GJGX2IJ>IHD_&+I!9C)=_;,YGMJ9:(FS5ZHRE##36=[VKM%_S6$'S6Z5S!E,W.0+U)EOW8$WK,?GV2BEW5V#FC_-G7"IO1V(G7R*G0ILW/M2&W'A'U)$]VZ:YT[8RK!D`L*84S!HERC:&V>O5W5AKRE&\S&O$UK.2K(L'W=UZ:-L_LLGZWEI\=LMKBR-;=IKX@:GA^LVCVIX0/=V('ZGDB.;(J:G@1ZMH!&.5H#9IT>NP(!SN5)M[MZN;=+?'=,+D=U*W='B#,-MNM#R[IR`;:^L.^'(;+`D&M@E.=*W>]&^+,U6M;>_)/)T9W=1MD8P6J'>5?X*83("L17AJN;J[O+T:;C"!3%R+;E;"BBO&:/H/"%#+4C"NA2),J7>@F>2G_QI"Z"+3JFF=9*X):_^H43(JZ8^;@GAI0(+"^86LW0WQMTJ-QQMJ*ISA29^JJOK9*%)JEL(HKG]KFVN>KB[Z72J6X.BK+MVD)VBB6VIJIMTB)GNOJ;JM9J&@NGTV(%$;2/'8CNE>AJ1^V#`V\+4JVEK,AIM\+KY?BG/GQ:;(.F(S2ZZAMDQ^%+%^S#IC(0T*1"_%&11.S3YQ?O"(L_RO)2*GY;0US)8`SF+D_%I>3?](SM91QE*1^#KX>8`C%J$&TV2*5%4H2#],DD[>>3/="[:;TK@0_W+@R^^]K_*$AFFZ^2EY.+C7X)SZ`9+8C+:+RX;,858[?ITMX"1'#3+RCUI&*QW1-6:$^3$$63;LM.#ZP@1@DX#!G/)M//A6AFWG,?L,RT>.,6,7JM8[$A/I*>X8WUK&O=8H#FS2_0F5*>)#=#J#X``JIY3:F(XK7--(I67'/+&8@ZM*`]2`0#F?!9DJ(8"7L"&$I'`M#3*;6I';UI3N,ZU:R^5^6ZM7#NM'MHI5M92K74-.U3O6FO(YG4[:*O0%E$E:NDUL+9ZTE,089LXQCZVJF''M-5LKN]FOAB^'Z\D@;!0Q"+'^PG^)/9Q;8X#9&LCULE^;0'M?LQG7WVL`17:FV)I^/!Y`)7_)47U`J@[`JRCLE%#7O^:E_[TBX_Ê2*G(%.+M%&D2-8(__`,_F/.!^TM`N_NZ3`.[/#NUZ.L_`/PI1?DGFT.WX4DY!`R:]@H]M>J,^T/,!$72[M3N_;[M`S;(KDVL4#P,V.OE`$!0_&[Q!&XP(ASLX'NQ!C&!!M]L,^R4(3DJ,CK^DI)[BW)-RU%>"T)8RZ)\R\8`,M$*/"(+3"+,O"UJI"+KQ"M+_Q"+;Q`!RLY?H/!#V,_9FM")R0_:%A#_Q,:-5RU*>S","RW.M2W+03#/+S#MR>/#.:1#,:0ZU'"R*'NR$N.O-"0_1DN!%32$%8S#5(/$D/M#/L0]2Z3$2CP)M3-0Q_T"T0T[40S'$0S:QNC_:ON+0"534EYQKBI0[F%8$0D:!15D4(`&).$>9#]7X1NV#F&'9KVGTEVO\B3'\D1Q9QZ%)+4ND`B10M":TDG#-%Q>'*[/1._QQ0I?30#Z6D#2U%>\K0MFP;]$R-U$^-U5'%55LEU%WEU44M555-U5?5`&&MU5Y]U5:%566=U0:JU5#556>]M56(EU6$]U5]5U56]5$R]5E--UFME5@GBU$+M4U[-55LEUU$5564%UFH5UV7%M5D;EUF!%U6H%UP7RU'0U5'/=5W7%5V2-5VW-5G@=5G;]UF5UU'JU5_Z)5G/5M5X:=UGT]5G:UUH"MV(0E6%C]5$"=5V%5V/1Y6%;K^-B>"CJW=:YE8\[I8J1*PA4?M)?_D-\^"M/E&@ÌTG9@G*"C=H3VZ&TH]G&7N^9@[email protected]'1V_=7O4O:T__[X`^_^,=/_O*;__SHM3[_ZU\_^]J\?[/"/O_SG3__ZV__^^,^__O?/__[[__\`&(`".(`$6(`&>(`(MF(`*F'P=LH`.^(`0&($2.($46($6>($8F($:&(&VL($>^($@&((B.((D6((FM>((.V($HN((LV((N^((P&(,R>((J.(,V>(,XF/^#.KB#/%B"-=B#0!B$0CB$M1%B$0>A^2)B$2KB$3-B$3OB$4'@903"%5%B%5GB%6)B%6KB%7-B%7OB%8!B&M8CB&9%B&9GB&:)B&:KB&;-B&;OB&)B'>KB'?-B'?OB'M@!B(@CB(>&B'A'B(B)B(BKB(C-B(COB(D%B'Y1")E%B)EGB)F)B)FKB)?6B(MG/B)H!B*HCB*I%B*=^B)IIB*JKB*K-B*KLB(41B+LCB+M%B+MGB+4@$$NKB+MO-B+OOB+P!B,PCB,Q%B,QGB,R)B,RKB,S-B,SOB,T!B-TCB-U%B-UGB-V)B-MTT@0VMB-WOB-X!B.XCC_CN18CN9XCNB8CLW(C>K8CN[XCO`8C_(XC_18C_;(MB^QXC_JXC_S8C_[XCP`9D,N8CP)9D`9YD`B9D`JYD,5(D`SYD!`9D1(YD11YMC;AXD1B9D1JYD1S9D1[YD2`9DB(YDB19DB9YDBB9DBJYDBS9DB[YDC`9DS(YMD_F@9L_@YN@$YE=.9^-M:9K9)IG\"9X%RC($FD.X"37X69@"9J#="9^+]I^%^9?:":$`&J'\.:Ì8Z$(M.IWS^3AIJ:&K.:(EFCCPJ9YT0J`"VA.[MZ&]&9^]6?^?X\F9"9J=.5IH8=.>M.^J@QDF>Z3*C.BJ?(WJC0:F;3[ELPYJI1AFBJ_F@OVFI-1J?=46J3UJH;9M?VA5>\`):-@&.KJ@(;V'5:MXB["%"P,!C=8M1!&S7&12^%\+'?`;\RPAKG"T_:VYK^4X^Z(26Q#"9\8Q2D6M\(H-ZN+GPIBF,Q9I?O4+*_XVRL0ZWK'S>GQA,K48R"V#J%F;S`DC.]AA-WY4MCB=\Y:GUV,AZ&4FI[EV8A[SZJ112;5JJ52EH,9H9G=F5K%JN[5JO_5JP#5NQ'5NR+5NSM/5NT3=NID5G6M$F.5%NX?44)]4,IC%N[%:DK]Z&5B-$[CM-[Y8^KU@YW5;-F[))FYB,#99$H&8`J&65:&X$M&M92!^96NU9%/&80E>CY1@9`!MX/O=95A.XD\F9!NL8R]NWC\>Y!TV7!\&XU/FM9$P>Y4>5,5:F6>Q591#68!:NWRJ>YN>\6O[UYCGM9DT&Y7&^R5(N9@4V85F>M7R$69I/]8.[58A[&YDWFWBDVXG:&JWP&6GN&YDV2Y.Y#'.Y;_I874.Z&M.MX3*VXV0VYU6N96EVQ]&"8CUNVX"&X.[U7USFYJL_E?8/EQ#QN36#MPW_N"1MKFW;YMU3GNG&W=^GJ.:$7NV/[NHXIN;?AFF2=FWD?FKI_F*YYMN>AF0*[O?.__P*!P2"P:C\BD8MF9J;G)V>GZ"AHJ.DI:8-`*D`7ZJK#ZVGL;(XK;6V2K:I!"*YL+VP!;\>N;L+MQ+/(R2\$!+7,S\!'T+K%(-;9:KM#(JQPO+N^V4)AT\:X>ÔJIS5YZ(X_$AQ"RNVS#NZH>M'LYYL=*]I>=EZ-"F^;N*UN5HS1*69II7A"3KHF8S"Q>"C[>D5YXP=!EJGF!I0MJ:2F]^7EYY^@LOED,Y@@HGE5Q6ZY=VH)E[IR_.NNN"MJ:9N*WILJ+*VYXEAJFBKS!!V9"A;$V`:19MKAHPL_N2FY"^];[K,+P2(COP7/I)2NFP]-Y+[*%VDCGQE[61EJJT+I+XY9T/MI]P!K$%5FYVZ97Z\IKT*[PIRQO&*E^5X)F>++J1:3@NLRD27('3'G]ZKF("HMR,KNSBB36W"[IS(&YZ:2"Y`Q.#0KP.EL9>TJ7]D42"TL82YI!VS9!;V600&&CS4@M#"'5S($R@3G`@*4"(010R``68B`[`6RA"B?@0A(^@(4UK"$)QV-`'>K0@T`,MHA"'2,0B&O&(2$RB$I?(Q"8Z\8E0C*(4ITC%*EKQBEC,HA;_M\C%+GKQBV`,MHQC'2,8RFO&,:$RCF@C$EDJIT20$!(Y34(,>*\1Q?6CRVQM)XAQP])$)?2Q'M(+701_O\D0B#W*-6>H:X.0XOADL($AZ#X#9%3B1)&7.4][)$!4PZTI*+G-0DM/QFJTSF!9;BC)/1E*.RB.5;+$$9]^M"`^@\9*5N%Q!,GN9![_$D@4XY3).;C-..9]8G1S=VS91KS`QE\H69MPJ&Y7`#5V0*"4['%]--M8M!P'#H7TT!G#@@UQ:.:\1I%@B84\,DM-&WY61)3_\D[ICKF9/QY4(LB1,][#J^D2`,I^Q):()IIDL@/%]M+QST>%*@>*XW[SLO4SP+6+G5C;@`;!F!.T?.]`7ON[.E[84Q*$_SJJF5"B[#M@^DXUPD)V'EWNV\IA0O=T8XJ:+IT&B0?;%P"QY>T(Y9PX#2&XA2+(5[=N459MRPMCV6*7K0W3KGZKY;BZ4K/`>96:X39L8-E@,VDT;BZ%XM:9;V5F/W9'5W8FV;*C=18W'2FNRHQF:N]NRM6WVG$;B(&+[7N$;NN8VF-SB-.6GIS3JBJ#+XUQ2U;W!U;]O"IF^$F9RI6BZ[MXUXBU;\K"O%MIX=^GKHL6=RK\3E.MDJ__\`89O]&(&RCU%B&OI^'C8M)WT6TMW"S_V)62Y6#_G;C?5K\ZQY0>T!?UG-IW-#.1453A,]/*Q5,?=L27S_SF.__YT(^^M]*=/_>I;__K8S[[VM\_][GO_^^`/O_C'3_[R@]MQ4:"M.PR(@`R0P)UBSHF]S8-$O>@D@K&AASCYBR9H]R7:Y[;/L_2I'_L&YG)E9I-_M1!UUAQ^'SFC7V8]4O3D=]SC.B4$P@H&L'-$;?B75V&(&QB49ZA2*(JCCR*)4MKZC5JX[UJZM(&;Y@63.`L(2O+X$X0`!2V:%Q]A\`84C_/QC2E-[N#YMS*KZGM!FF8KJ:G&8B``0"(0`DB0!V7H@>667R!#`R?10+CI&TP9K#C$^SK!4.^;2TVM-MSJID:FR!V`64$S.ME,3J9RV,337NJFE"MK?BY[GVJ:O=W=LGL5Y\N%,&O"@1372(!CPQNM@+0C&*S+_%S`(':VB'$SF(8WA]%9F&$0F1=YA]ABB-&`F2%PDJM'@D/@3B(TT=/U1=]I'&1W+@Q)/7(TPX"/O8A%+HA)UT>9>)A9F9M*#:IE9WIF56ADA^)AA:YAAN9D:6IAZ$9AZ:IFJ/9#I#HAVLHB"))?1&*S#M>F+%VA7(&?]Q.OE8)JNBMUP6N_4*GMYREF,H>LQHJN2-9;Z\JN[>JN[PJO\2JO\TJO]4JO#KA$7_)$^RIA.O5X-`2PMC0>C/:8C94J$)+JB/::P.[:/#7M@4WBC+I8H0Y6N%6NQ%XNQN&BO&\NQ'>NQM'PNR1Y>Q(TNR)6NR)XNR*:NR*\NR+>NR+WMF3P6S,TNS-6NS-]L5,HNS.\NSM/>NS+,ML/RNT0TNT1?NCYVJT2:NT2\NT.7MM;X9AO^5Y34NU56NU0PMTS]9SM/O=S4WNU7PNV8;NR,AMM.A=ZV"6-G2-O_MG5KMW>[M,#:7M5/E*+UUMGFP,YKP#G'>CK'O@+MK[.HM:ZZ.KF\MK^[M[Z[O/J4"*#$ERI,F2.G*@5'FR)4J7,%_*W.C1MH\:;'"!*W`FN4CE+Y7Y&$3ITW#:?0KGI%%?T:%-,2H\:!1J.:M&E/+-JY0D@MDJ-%D(@X,I1(;%E%\1054B*OT%J'0]P2++2DR#V[Ô#&(Z*WK.^)Q,,DD88?)&.>^5M]^8+K[[Y=KF87&XADBY:A40F+>;(?Z.8R)+YSG/N;O@*>^=6(W8=S&Z5]'*9E-C`"%7``M(M!^VL6#*(`-7Q8!`C"$(29_1`"`M",R*AVR(B,,R`#;`'WB+>$=D)7B-M%4&%?+B-(%1XWCAX1U5A4[9"A^=H>00$6H8$$9`!È`!2/B)7Y9=ZU8!7+9EM$*!Y1Q@"02".34;_@_.BC23B0_"%&JRW>K7!`@TWUU_W!"=9R2R5M@CB&N8-1?`"(M#_D!W(C,EX=D5``Z*97>KX5#>Z;B9P`S9``C#JHD\@M!`Z8`_'*EX#);$6:C8*YJAHK%:]:0=YA2MKR13Y3(Z]DJY\A;B@;78.8LI'9MLBFDLN"VLI5I@RAK3$DELRXK;M*$B#/K!,@H`^8V?@5`Ò?(7=]*`:E9BB+&A]$VC)".1)IZ7))(X3G"^H5L'[@_DF/97H"I8D-!4":HOC#[7@"!&``TOIA(S`#ZMB$9B,$6`!(D`"Z2L#EJ"P-)`"Z(N^7DP"%F`!$4`#M(S`"1G>[4,4`,E"^Y8N,EW`$%,B`>SFQN+5``&R"X^$3,F,]#`Q+?8RYCU(BMU.%*&CO(A+PX.CNS];RR(,S_LXF'LR+,KFIIAZ2H>F?G[Z9FRCFGJJ/"M.VBFJK0YXIJOW/!@KK;6""JNBN-JZZZNLM\MJBJ+\*.RRQQ1I[+++)*KLLL\TZ^RRTT?]*.RVUU5I[+;;9:KLMM]UZ^RVXMX8H[+KGEFGLNNNFJNRZ[[;K[+KSQ[AKL>;?X.@>]>]Y;G&\TSM2H4:2FFB]7M^Y9(L%V3)'RJ,5$$G7^)@CVM+/9GOO#9+7/C@4UA4O$T-+G,5$JFE-6_I'4ABMD$)C[$'Û,@-TH-06E.AABSMG@;UI4.!5,F?].DWLA0/_X8)/G32478FE>1"81;2F1Z4(A^,[email protected]!G`-67M6-SH`,'2R:3*KH+_*EDIK:C+YB@E"B/YI@/OHA=G1ZSH^È88-M_:I5H_A)B(A.JJS3'P+I1YD=:%6;@N6\P=ITAAT)M:@"5@A_)GY[;AN$H=['EX;9,E0.697N[22C)J&_&'=`FM=YN^DVIN'0Y[V&^'=$+_]*6/ZU_%(>CQ3-:5YO\DQ[E108O,#XYAY6T4M@V$O^C^$RMR?T1P?E2*(=%$_,:D^C2N*AQ[S8U)=GO.\>AZ[&KPKVN^;4'?ZMI*N;=9VOI9@R?RU(>^C9JV>9-J-4$'!NASV#KVF3XA6&CG\JC6*OM>]:^?N0WQ?W+!Y/3GN.=\P27#N?)NL^9,_*L."\[Z'L/ZL);WÔ=K_[GI$_TM[4\^DE3'_LZ/JD\;IB.O2R;_MS$I'S^-']TU7]&)W0&F7OZ!D>;Y7%I%%=T%MW-O(WJ[-'D+='_XIVUL(S@/*[email protected]=E`"V'P2FA2`47R>1WC,E(`LN7P0BM3[9WM0QH:)6A>"F:=NTR6*DG18N!N*(K0T1ADRJ[:)\A9TPM7B&&=C6$Q+B,S-J,S/B,T1J,T3B,U5J,U7B,V9J,V;B,W=J,W?B,XAJ,XMCB,Y4MC=&&%M:9_EL9JM]&(YGIFP1&M7CL-*'-T_R`0A5R40M^GJE*GÎ/=/6-J>B6DSAL@WJ3Y?:&E)B6M7)+H?@TM7&U.BO,EHM-,Q*WHSZY:IS>49X2^Q@OOXDMR":238:7NQPB0ZA(`KJ,B'G,I"51`KZIM1".4T2?'!?YQEUMKB,Q%.4$-7E%M5*5OE%32(BO'ULJ$$>QKL%*5^=JF.?*!L92[M.4ED6C*OCBR6[WTXJPBF41,MTI*2QO-1)_U(18DMKY*FY",IM;DTYBG,CKVN;Z%ZK#;]FBHQSLN,^V`G,,#@3WJU8?'YKJJCM.]X/R0_$TYL6@@SCIRDF=VG46=WKNKQ,7?H(,XMF(-6D(,\V(,^^(-`&(1".(1$6(1&>(1(F(0JN(-*V(1.^(10&(52.(546(56MB(1,>(5:N(5^(5@&(9AF(5B6(9F>(9HF(9JN(9>2(9L^(9P&(=R.(=TM6(`&(C24`"$6(B&>(B(F(B*N(B,V(B.^(B0&(F2M.(F46(F6>(F8F(F:N(F^(F@&(JB.(JDF(F&4(JHF(JJN(JLV(K_KOB*ML!B+LCB+M)B*IUB+N)B+NKB+O-B+OOB+P!B,IE@(PEB,QGB,R)B,RKB,S.B*MM]B,T!B-TCB-U%B-UHB*SWB-VKB-W-B-WOB-O2B(XCB.Y%B.YGB.Z)B.4$``M[-B.[OB.\!B/\CB/]%B/]GB/^)B/^KB/_-B/_OB/`!F0`CF0!%F0!GF0")F0M"KF0!4D*#/F0$!F1$CF1%%F1%GF1&)F1&KF1_^B0'/F1(!F2(CF2)%F2)GF2M*.F.'IF2+-F2+OF2,!F3,CF3_;B2-'F3.)F3.KF3/-F3]VB3/AF40CF41%F4M1IF0ZIB42KF43-F43OF44!F54CF55%F55GF5_UB9E5JYE5S9E5[YE6`9EF(YMEF19EF9YEFB9EFJYEFS9EF[YEG`9EW(YEW0I?MW6;8&ÈWA9EXB`R1U=5-T$[$VF'Q9)D"R(O"V>[&F.-;F%(NI&RP1*Y$945@#F61F,+JEMF)595)?9+(L2+',`FNMDFI^9F:&Y8(#"FI19'>C!&["Y*[$Y&('6FE:`FF16MF\$AFK?Y!KRIFKJ%FWÂFRTR/IPB4;!2+_#D*G>)95$6G,194D>&9B@QG93RM9F`#ZD))FJ&1>1);^J,T6JMYLI5Z&JPKP2F_,DNF=*PZGFAE[(30,6NAGJJLLJ_+YO6!JJ-QKO(A*JND:OI(WG,]+O.?[NN)*JY**MNNQ;"^!)O(7ZK+J_W.PO*.Z7GVK^-&JZW"BHE\Z'-:ZT#+`NVM^[X(^YTS"Z`Z&['T&K\"',&P,+A^*6\L^[/EEJ]=%J_YZ\$JO,(LW,(N_,(PM',,R/,,T7,,V?,,XG,,ZO,,\W,,^_,-`',1"/,1$7,2.-YB/.WOV>K%DD,2*MX,3Z*P90#+P/6\79=*F5R@?RN;,8#,%27,!`>B?L\;&.:[M/D,+!9[S92[)>M+!154Z\I:@:!."A9A%10!#O7357T1E-=6?>%(A40=%:641#SDME1)MEPBRV">9(7K+)8Z(9EIMJ?"L26GZ8E)M!%"F*()K;!UJ\`DCVU749!?^M&@`/F%M6:W+E\,&1!4G)>QWJ%-)@>+8H&-*18ZV-DJ6_G*[,`'@@K2'M+"I#!IML8_=)M)EA\3%($02F)G_EK?8;47-,='*7(@WNK4@;(H\R=?Q\F(\_YX6@8G$M("EC.G`#+@3!!CT@@B&ZFX\>B``"2^3/%GS0`0CT#TC/$X%'20J&C^:CO8=@MJ0S=RY_?=1RE9'$O9QO4&((X!MNV)H4AG+"$_XE0$0F!\5"2XEY`F:7YN14O_'FZ3C2&E96Y2DL"UOSR.=76X"ME!X]SRX\\:>[6@(C%]6Q0A,9`0I.@(+R3O^"!R*XN0A&((@1T#;GR$`!#T+!M`QL,HUD=NIGH41$$H0Q@T#6M_X*6M>MY:)LTJ2K_.:"V_-"5)^;V6L[/Q&2^YHCILXF4NE4SP9#.VAM3A27-R?@`?XA`NGD$3=A=D$1+PPR%W#'%WMQ1%S1$Z7#)-6G=EQA$/V'BK:XM&8CF?U8U=*_%=,0#MM\4A%'`8HP4A[6+_\B,AP2\_'!J,RP-:H7"M3-:9G2WC`2KDT+B-Ì0;&MVH0FZ$(;.I^%%B9&AW0!P',^MXW1ÙW.'1A=Z,5#Y1"9?8H!A4B=@\UVP\'?`P"ZA#R_M.A,24J#HPB#*`[="`L+EB0W@`4+#ÊZ1U3>[X20JQ1Y,]"600389=`%2Q+@CM*BE?:%*I'(`P#8_9(P`4%R0$B9\,?\W9>)=_DIUS@6D9`)TMJ#M^)C0F1,K%@*&B:#8T_[0`LT@F=3$:#&`99L2*%K\E%_W0%3^H.QM3H0ZB)->J89K@X+#5L%@2X,"C5,"4-((OA,P*?8O_+!A2(DN8MBT`!55S,=YHJ>2!+%Z:45),!E5^':3>$AO='6>KXK!R#RK"KJUAR0M8'\>M`-H6U;!)&3+@V*9E`V4--;[LH?6XSYKK9(KQJHF)F.=^LMVY5;#',P\MP+3KD^%T-88=8M=X'>(F,8CHHCQ,UM>Z.A"2=)2&=.)`8@D_X4&)'5MUQXZ2M^"0.S:&7\(^")+@0;)B_7++%7*3=]5*244J!#"U735RM4=43(6511.3:WJ`_!?_L+XGMV6U&&98M5AJ$(01KL)G+2P"@?QO4-A$F-B"JC&TE6_ZA@+'@'V(74Z&X-T"IE2L$NR%8M;?8C:MF!&E?YG)(Q,1PP5[Q@%Q[RF&EC"N,V"LEBC0^*O#I;>3EK0`H:&_QDM7I-'H;6$',HQ3.P("Z-GF-#!'`K!3#I1'V42CZEW6:HW$O(Q(!VB15J$2(4!M,-=#%ÔEB)FVMDP1M\>SIACG856UM1?!FACPK':(?$;BK_Y:B,V*0-Z1:43B?V+/FWKMN(U[$9>KN2^L8)12K0G;&F3+3&GS_Z=L!83T,8M@8R)"DC3+CSXR\FZMJ9%"XGU6T1@;T)N`]&??!R58*C-VUC4O*1Q=PT'890SP@RM(`/-9(8È;%P91LZ'[**%^K`>/$2#PDE_[XNV/>`H>I`!OUA!.,QT\%%*']'&_VG(,V6V0_&)@%Y%:VMP+WO4(#(L4']30#@HWA?TD21\P\*IRR81P@)15%EYH_MN]$_O11>TXJ%OI&UC(+)6N/0>XM%9(^3_%\B0$57RN**FW5%I$U]DO4VGT*;,E$4Z\E([\N/B!9[(7,/K\ROVK)&2CA+32$(!$N*4D(M0X$/2EC90&@U=P]C_/"'SP*5?(`+]!>_-V4L6,'_$EP5`+832>177^GGCU8DIL6N`%*ZY,!:*MYK3Y=_M:8DF37?=A7%C;`YFJLGU&-28*ZXDUG?+[KA"ZB>'Y((!H76FQH%NB:[FIT(4MB#UH:_J4C7%N(D9[VN6P(\,5EO3&G%I#'GB2H\-=WLEM7W=%4H0IW[;U5NM0)C;D]@(T[R"F`TNQ$À'-(,&O,IUDÙ)*,,H3)8W!9[M`>!LI@06T1`P>U$PE?!JWV0_:L0(4"%=^R,5(1>$Y!%'2!8@`[-]M4/1/?61(=^$HE_=_=,4P#[17"&TB7#RQB@7F8#Z*5@:X@D(PSY,%9"(D"ANX113E7Y,17[ITR]999!>]4VAM:Ì)(1^?H!@C2+1FMDM29SBPE%UP)J#-)5O)ECK+D>2F9K8O3_1J(F"TV1M:H)79/#1'@E*+V34H02%Z*H#10"X:M2AV^6`R`&J/JBJ5&L!*D0RK>9QC*\#E*@%"C`WM0R[HJ]"H]@EF@T1J\`[:TMZSL@F!O'TY[!T_\!+/`"'Q89F[*N#=MZ-_BH5$(^=/%$VE,?OL@=0J&/2^:LM@WMQMGE*0Z9[O\/'R\_3U`/7X^?K[_/W^_P`#"AQ(L`>P83ÈRBBMHJM:LC_B!&S=&.6K6#);&G,:+&'PVE&F-7"A6$#EB5`($M)4J:@!D:X=)E))6_(NG4F9KF\&=V$A+>,Z\W=0PM0\Z*6E%`Y1`Q#D#R"MW1#?9`!%G.,W4G$M*@`*487BC$.:P/I6*E`3-T'`4':%X-3H*#.N8%PQ=1-B'E-0`;0^$+.H:(#I/5A0KLL\8XRF>.3>8OBD],I2K;A,IIF0,5=YIRS4IS^9CI:SMV&(N:0"+&GRO/:\(@L*Z,8L9D*""D>I$,C[A"X@I@Q+"*ULT?6&OJB6"=B68ME(TD8;`^]G%JLQC94J01R\[U(TK/89`S%'*M^@S'23$-,3[_=`N9='A)R75N'?=KY?\J%\K0^]S/'`P))%/$12[+.$@S[+*%MA7PI&87M2&1C#`FA>/`NDUBP7F%+)Q\C)`K_%4"-8A&IPX10R&K@D9%]3F0:H8IQ>K,B4$5,>/S2HPFT*:E'MX-&FD8(7J$(AHYN"UYO8R9(U"`J>4FQ'=+BZ"%(KQ,OBEHY[08`0X#+[5"-HMLDN:U.0G_\F^:KBGJ@01XA)$B+%;DH#;EG9-%=T2-+=D9S'8UA57@IMP'FMZA0TBJ@NRI,%K)`(#=\-1WCB&>4!'C7P+M6W$8XX0YBQ14YB>QEF!$6P_S!JM$1]3I4EN02R@]%IV`@6F9P3LD2QP41:KES-:B(6P."VON!]+(`W.A78?M2,\MX#WH%@3MY1%ZI88-\V'ZC0+'\%#M,ODYLV`TE:8@-4EI/]9U#D@A)#-)T."$8Z)#*(-5]4>/4&=;I;9)7U(-DF.%MGGF>YGDYM)46=34A:J;_;NSY#.P&9!KE:^+1DXL7DBDX'1YI4Z*A@C-Q&RYXM?/1"0BSE$HETAW)84UQ3'9!Q6C6@)W?DL=0&,U]NL?47-*"8J:2^;LBM*N&_B,T2L]+4Z)2"@+52L*%?*`3_#78QFKQ*O`N+9!)+CUCVU@+XT%Z@`CU92QFK!UFWQ.$YI95@5W,/]X)J3.

EX-99.1 Press Release - SEC.gov | HOME are now active with burn in and test socket applications and...

Documents

Transcript of EX-99.1 Press Release - SEC.gov | HOME are now active with burn in and test socket applications and...