 Hi Raul, welcome to our conference, it's always a pleasure to have you. Actually it's my pleasure to be here, as always. So Raul is with Cambios Technologies, they are doing some great stuff on using silver nanowires to make transparency in their films. Very low sheet resistance and also very flexible. But the market for TCFs is at a very interesting time. And many say that this year is the make or break year for alternatives to ICO. Because Nito Denko and others have moved fast, increased production capacity etc. What's your view? So Kasha, I completely agree. It's a very exciting time to be in the transparent conductor market. And what we are seeing with our customers is this is the year that they are really ramping up. So our customers are adding capacity. We believe they're gaining market share and we see more and more products in the end market. And that's what makes us confident that our technology is going to grow in this market. It's significant. And there are many companies that offer ICO alternatives, metal mesh, graphene etc. And there are also many companies nowadays increasing more by the day almost that offers silver nanowires. So what's unique about you and do you think in 5 years time the industry is going to consolidate and they're going to fewer alternative players in the market? So Kasha, certainly this is a very exciting market, right? Whenever the market is exciting there are many players who jump in. So Cambridge has been doing this for a very long time. We are a 12 year old company and we've been focused on the transparent conductor market since 2005. So that gives us a lot of knowledge. So it takes a long time to bring a new technology into the market. And we have the expertise built up over the last decade to address this market, to address the whole ecosystem, to make sure that our products are successful in the market. As you said there are many silver nanowire companies coming into the market and that's okay. They're seeing our success and they're trying to test the waters and see if they can be successful. In terms of technologies I think there is a lot of down selection happening already. So really there are two technologies that are gaining market share. There's the silver nanowires and there's also metal mesh to some extent, right? So we see that metal mesh and silver nanowires will take the market away from ITO in the transparent conductor market and all these will have their place in the market and will each have their own share. And we continue to look at how the markets will evolve and we feel very confident that silver nanowires have a bright future because of the changes happening in the mobile market. For example some of the trends you're seeing is really high resolution displays, right? Since Apple introduced the retina displays now everybody is moving to very high resolution displays which require very small pixels and that is very compatible with nanowires. It's harder to match metal mesh to something like that. And flexibility is key and as you said nanowires are very flexible so we see the future trends in the market will drive more and more demand towards highly conducting flexible and transparent electrodes like nanowires. And you know there are a lot of price pressures in the business and you know that there are many low cost providers of all iPhone, tablets, etc. Industry is shifting. So price is key and also the incumbent providers have slashed their prices. So what is your pricing strategy? So in terms of pricing you're absolutely right. We have seen the ITO film price come down by about a factor of four over the last five years. At the same time our customers are very profitable. The processes used with our materials are very cost effective and the cost of a nanowire based product is much slower than that of ITO. In addition to that our technology offers benefits to customers which allows them to make end products much cheaper. For example the high conductivity that you mentioned. High conductivity is becoming very important even in small size displays now. The trend as you rightly pointed out is the big growth in the market is now in the China market and the India market is the low cost market. And the low cost market requires a low cost sensor. So with ITO you need two layers to make a touch sensor for a five inch, six inch, seven inch device. With the nanowires because of the high conductivity we can allow sensors to be made with just one film. So compare a price of two layers of ITO film versus one layer of the nanowire film and that is where the real price benefits to the end customer start coming in. So it's not just cost of the film that is important it's the cost of the finished product that is important and we are really enabling low cost end products. Excellent Rao, thank you. It's always a pleasure to speak to you and it's always a pleasure to have you. Same here Kasha. I always enjoy coming to Printed Electronics and thank you for organizing this great show. Thank you very much.