 The world has gone mobile. Nearly seven billion people subscribe to mobile communication services. Mobile phone connections are crossing the globe in record time and data traffic is skyrocketing. But powering the handsets and base stations that carry our voice and data is costly, highly inefficient, and it's polluting the planet. We're using outdated technology from the 1930s that performs as badly as incandescent light bulbs. 70% of the energy used by smartphones and mobile base stations is wasted as heat. New advancements like LTE actually make the situation worse. Because of the poor energy efficiency, mobile operators spend up to half of their operating costs on utility bills. Cell phone users don't have the battery power they should and the wasted energy is accelerating greenhouse gas emissions and global warming. Current power amplifiers use a lot more power than what's actually needed to support the radio signal in a base station or mobile device. That's why there's so much heat waste. At AIDA devices, we've come up with an energy saving solution. Based on research at MIT, we've developed a new kind of power amplifier that works like an automatic gearbox, costly providing just the right amount of power to the radio signal. Our technology, ET Advanced, reduces heat waste by 80%. With ET Advanced, mobile operators can save up to $18 billion a year in electricity costs. Consumers get smartphones with 50% longer battery life and we can reduce annual greenhouse gas emissions equivalent to taking 7 million cars off the road. ET Advanced also makes it possible to power base stations with just renewable energy instead of using the grid. That'll make it easier for mobile operators to expand the developing markets where there are no reliable electricity grids. We can extend mobile communications to more than one and a half billion people living in off-the-grid areas. That will help bridge the digital divide. One of the great things about ET Advanced is that it also enables very high data rate communications. We've actually improved on the state of the art between four and eight times compared to the incumbent or competing technology. As a spin-up from MIT, AIDA devices has a unique research pedigree. 40% of our staff members have PhDs and nearly everyone else at least one master's degree. This has allowed us to innovate and come up with a truly game-changing solution for power efficiency mobile communication. No other technical solution comes close to delivering the same efficiency for today's ultra-wideband mobile communication networks and smartphones. To be a true innovator, you need to solve a real problem that matters to millions, preferably billions of people around the world. You need to work on something that really matters. As an innovator, you need to relentlessly challenge conventions and the way things are currently done. Finally, you need to deliver. The devil is in the diesel, so you need flawless execution to take your innovation from the lab into a commercially deployed solution that makes a difference. ET Advanced is a technology without drawbacks. We work hard to reduce costs for mobile operators, extend battery life of smartphones and help bring mobile communication to underserved parts of the world. All of this will contribute to a greener and cleaner planet. We believe that technology can make a real difference towards creating a better world for all of us. And that is what motivates us to come to work every day.