 In space, again, technologies that were developed for other purposes now being applied to rice sites. And what's really exciting about that is we get a very fine estimate of where rice was grown and when it was planted. We used to depend on satellite energy using reflective light as our source of energy for where rice was being grown. But those of you who are familiar with long-circle rice production know that in most of the year, if you use satellite imagery, you get beautiful pictures of clouds. That doesn't help you very much. They're pretty. You all like to look out the window of the plane. But that doesn't help you very much. But now we're using satellite radar imagery, which penetrates clouds and also can take a picture at night or during the daytime. It doesn't matter. We can see through the clouds we can get very accurate information of rice area and just because of the different signals of water and soil and plant, we can tell exactly when a field was planted at just a few meters resolution. And so now we're getting images around Asia over millions of hectares telling us exactly what is being grown and how it's being grown and how it's doing. We're able now to tell two months before harvest that you're very accurate estimates what we can expect the yield to be. Ground truthing that, we're ranging from 85% to 96% accuracy in our yield estimates, depending on whether it's late storm hits or something. That's a phenomenal amount of information available to our policy makers. That will transform how they look at rice policies, how rice trade takes place. And we're taking these information, putting them together to create national rice information, global rice information, gateways, assembling very sophisticated tools we have been developing for 30 years, putting them together so that we can have real-time measurements of what's happening in the world so that our policy makers at least will have good information. They still make bad decisions, but they won't make bad decisions because they have bad information. It's extremely important. I talked that we're having a second green revolution. I gave you the starting minutes. I believe we should be thinking about the third green revolution now. We don't want to wait 45 years between green revolution. We prepare the foundations now. We're looking to transform the basic machinery of the rice plant and improve its fundamental relationships with the environment. We're redesigning photosynthesis. This could increase rice yield by 50%. Increase or I won't continue the efficiency of water use efficiency. It is taking the less developed photosynthesis of rice and turning it into the very much more efficient photosynthesis that we see in maize and sugar cane. To our knowledge, it's the only biological mechanism that exists that can improve the yield to this degree. We're also beginning to address nitrogen fixation. Can we create rice crops that will take nitrogen from the atmosphere and produce their own photosynthesis? We look at the wild relatives of rice. Before evolutionary time, these were isolated from rice. We have here, our scientists have broken down the barrier and can cross the wild relatives into a domesticated rice cry to pull that into the breeding programs. All of this work will require great partnerships bringing the best clients of the world together. Our C4 rice consortium is an example of that but increasingly with our global partnerships we can create communities of the top thinkers, the top doers in plant science, computer science, etc. to address our problems. So if we look at the Green Revolution series, Green Revolution 1 was basically built on a high yield plant architecture adapted to low stress environments. Our second-grade revolution incorporates tolerance to severe stress as nutritional value. And I would like to say that it is a revolution in which no farmer is left behind. Green Revolution 1, just to be criticized for benefiting only those farmers growing in a relatively stress-free environment. Green Revolution 2, all farmers benefit. Green Revolution 3 will accelerate the evolution of the rice plant itself. Green Revolution 4 will effectively be producing designer rice and though a rise of species will be left untouched. So we have before us a surge of new technologies, potential technologies and these will benefit the rice community in ways that are unimaginable just a few years ago. We have a demand for these technologies but how to invest in future farmers and how to address their policy makers and how to invest in gays in the private sector. We have increased risk of counter-cropping losses and we need to pre-adapt our rice production systems through these. I believe we can do that. So I would like to close with an ancient Chinese saying it is the precious things are not pearls of jade but the five grains in which of course rice is the finest. So with that ladies and gentlemen, again welcome to the local international rice company. Thank you very much for your time. Thank you at this moment. I would like to call the committee councillor forward to the stage please. Yes your excellency committee councillor to the royal family as Dr. Tolantino mentioned Erie has been the patronage of the royal family for many years now. Many of us have had the great privilege to meet with his royal majesty the princess and at the very first board meeting the royal family was represented in 1960 when Erie was founded. So I would like to present to you a token of our appreciation for the patronage of the royal family and you can communicate to them that you will. This is a series of photographs and I would appreciate if you would accept it on behalf of the royal family. Thank you very much. Your excellency committee councillor.