 Hello, the world population has grown from 2 to over 7 billion people in the last 100 years. And we all need sustainable energy. Solar PV is one of the most promising solutions, showing exponential growth in continuous cost reductions. However, by 2050, 66% of all people will live in urbanized areas. And our cities do not consist out of square blue panels. The current technology cannot be integrated into the city with the same economy of skill benefits of centralized PV. This is due to a lack of suitable electronics. Well, as you can guess, that's where we come in. My name is Ryan Westedijk. I'm the co-founder of Taylor. We are a microelectronic supplier for the solar industry and an enabler for large-scale cost-effective integration of solar PV. We co-develop with our ecosystem of energy research centers and organizations, scientific institutes, electronic design companies, and our customers. Our customers are innovative solar PV module manufacturers to which we are a tier one supplier. Our product, a cell string optimizer, entails a value chain integration which is opposite to the current market standard. Our target market, together with our customers, currently is residential buildings, infrastructure, and commercial buildings. This market potential for the Dutch market alone translates to roughly 200, 350, and 400 million of our optimizers. Our patented technology provides a cost reduction relative to our competitors. That is due to our chipset is really cost-effective. It can be embedded into the solar laminate, which competitors cannot currently, and entails or enables an extended lifetime of both the solar cells and electronics. That's not all. Our product has an increased or enables an increased energy yield of the entire solar system. This is due to our technology having a superior energy shade tolerance. We enable more usable solar PV service, and we have a more efficient power integration with other energy technologies, for instance, battery storage. If you look at our roadmap, we are founded in June of this year. We are currently in R&D and validation projects with our partners, with our main market demonstrator being in May of next year. These current projects are all successfully bootstrapped for roughly 200,000 euros. However, next year we're looking for one million to start our integrated chip development, so we can achieve further cost reduction, increased reliability, and start our large-scale production. Not only are we looking for finance, we're also looking for strategic partnerships with large inverter manufacturers. Our sales expectations with current customers in the Dutch market alone are one million products a year, with sales starting in the first quarter of 2019. My name is Reves Sudeik, co-founder of Taylor, where we believe the most efficient and sustainable way of producing energy is to generate it right where people need it. Thank you. Thank you. So thanks a lot. So I didn't actually quite get what is actually the product and how does it work, so could you please just elaborate? I can imagine. That's a question a lot of people ask. I'll give an analogy. Do you know that Christmas trees with all the lights, if you pull one plug of the light, the entire lights fall out? That's the same thing with solar PV panels, so you have all your panels lined up like Christmas lights. If you have shade or different light in one panel, the entire bunch of the panels have the same output as your worst panel in the string. If you want to integrate that into a city, you can imagine a lot of shade, different variations, and you cannot differentiate from the same square of the panels, because all the electronics currently are made on that same square. There are some competitors are making digital electronics, but those are all focused on these normal market standard panels. We are working with innovative solar PV manufacturers and also with energy research centers to create a solar PV building block, which is modular and with our electronics integrated. So you can put it onto the wall in roads, whatever. It doesn't matter anymore because you are not harmed by shade or by differentiations in light. So what we build as a product currently, we are based on, I'm going back a little bit of slides, sorry. You can see an early prototype here. Don't focus on the demo. You can see our prototype is just a print board. This is completely functional on different variances of power. And we are going towards an integrated chip, and that's the size of my pinky. And that's where all the electronics on micro level will be integrated into the panel. So sorry to give an elaborate explanation of the product, but I think that explains it a little bit more. But is there actually innovation on the software side then? No. Currently all the electronics are software based and that's coming from the centralized inverter technologies. What we do is we actually step back. We have the same algorithm but in an analog version. And that's why we can create it a lot more cost effective. Thank you. Thank you.