 Thank you Michael, our third speaker is Vincent DeGeorge whose title is Tomorrow's Electricity, Stadium or Lawn Seating. 120 volts and 60 hertz comes out of every electrical outlet in the United States. 60 hertz because in 1888 when Nikolai Tesla and Pittsburgh based Westinghouse Company set up the first electrical grid, the magnetic materials used in that grid were extremely lossy, inefficient at any higher frequency. We continue to design our systems within that 60 hertz constraint, accepting only incremental advancements and transformers from then until now. I work in a magnetic school here at CMU. We've made an advancement or two in the past century so let's talk about magnetic materials. Magnetic materials are like concerts. Here we are. Conventionally feel like your Pittsburgh Symphony Orchestra. Everyone sit in your assigned seat, row, column, that's a crystalline magnetic material. Magnetic materials we work on are like lawn concerts. Everyone sits, stand wherever you want in the lawn because there are no assigned seats. That's an amorphous material. Magnetic materials are like concerts because it matters which direction magnetic elements are facing. In order for a magnetic material to work all the atoms have to line up their magnetic moment and then switch from the left to the right along with the music or the driving magnetic field as it were. They do this 60 times every second, that's the 60 hertz or if we had our way about it, 60 vat loads in times per second, 60 kilohertz. What do our magnetic materials overcome that conventional magnetic materials come to at high frequencies? Any current losses. Any currents are like the dogs that hippies sitting next to you brought to the concert. They hear the music, that is, are excited by the driving field but instead of contributing to the dance, the switching, they just run wild, particularly at high frequencies. And just like it would be easy for a dog to run up and down the aisles of stadium seating, the amorphous structure of our materials prevents the flow of any currents because there are no aisles. Moreover, we engineer our materials so that the magnetic elements, like your group of friends at a concert, clump together into nano-sized clusters. Then we put the biggest, meanest, ain't-no-dogs running around here growth inhibitor elements shown in red around those crystals. They block the flow of any currents. And what does a high efficiency magnetic switching material accomplish at high frequencies? 50 to 100 times size and weight reductions. Allegedly infrastructure that is right now the size of rooms weighing several tons can be replaced by two or three 40-pound tabletop devices so that the electricity that is right now only available to city blocks and skyscrapers will be available in tomorrow's electric, airplanes, cars, and transportation. All because we quit trying to incrementally improve the system within the constraints of 1800s magnetic materials technology and instead went back and redesigned the whole system in terms of today's magnetic materials and what they enable for tomorrow's electricity. Thank you.