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LOT-956 IBM LotusNotesDomino 7 Implementing - Administering Security

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LOT-956 exam Dumps Source : IBM LotusNotesDomino 7 Implementing - Administering Security

Test Code : LOT-956
Test denomination : IBM LotusNotesDomino 7 Implementing - Administering Security
Vendor denomination : IBM
: 160 real Questions

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IBM IBM LotusNotesDomino 7 Implementing

IBM Releases Open Liberty 18.0.0.three with assist for MicroProfile 2.0 | killexams.com real Questions and Pass4sure dumps

IBM's third quarter unlock of Open Liberty 18.0.0.three facets replete aid for MicroProfile 2.0 and a focus on the MicroProfile Metrics API.

First introduced simply over a yr in the past, Open Liberty is an open-source implementation of IBM's WebSphere Liberty application server to build microservices and cloud-native applications. Making its debut in 2012, WebSphere Liberty changed into designed to subsist small and light-weight, and has served Java EE 7 licensed functions that are deployed in predominant structures corresponding to Docker, Kubernetes, and Cloud Foundry.

Writing about the natural evolution for microservices development, Kevin Sutter, MicroProfile and Java EE architect for WebSphere at IBM, pointed out:

Open Liberty has been one of the vital leading open-supply implementations of the MicroProfile platform. Ever when you deem that the primary MicroProfile 1.0 free up in 2016, Open Liberty has supplied a fully-compatible, production-able implementation quickly after the neighborhood completes the respective necessities. This brief birth cadence with the aid of Open Liberty means that you can scan with novel MicroProfile APIs just about as soon as they are described. The latest Open Liberty deliverable helps both MicroProfile 1.four (in accordance with Java EE 7) and 2.0 (in line with Java EE eight).

Open Liberty publications and tools

developers can retract abilities of Open Liberty interactive and static courses. The 15-minute e reserve on MicroProfile Metrics demonstrates how to implement gadget and application metrics from a sample inventory microservice.

After cloning the repository, change over to the finish directory and execute here Maven command:

mvn set up liberty:delivery-server

once the server is operating, here URLs can subsist found:

http://localhost:9080/stock/systems https://www.localhost:9443/metrics

The /metrics endpoint on port 9443 will screen output from the @Timed, @Gauge and @Counted annotations.

developers can besides retract handicap of Open Liberty equipment, a collection of lightweight tools for establishing, assembling, and deploying apps to Open Liberty, with totality Open Liberty repositories accessible from GitHub.

Open Liberty and OSGi

OSGI is an integral fraction of Open Liberty. In a fresh EclipseCon 2018 presentation, Alasdair Nottingham, WebSphere and Liberty runtime architect at IBM, demonstrated how OSGi is used to construct Open Liberty. here diagram demonstrates how Java EE packaging is mapped to OSGi modules.

In a fresh groups.io dialog, Nottingham explained why OSGi is rarely precisely "en vogue" within the Java neighborhood:

Open Liberty makes exercise of OSGi as fraction of the runtime implementation, but they don't provide an utility programming mannequin according to OSGi. a gigantic fraction of the explanations for this is as a result of they attach OSGi application support into their commercial product and didn't espy a tremendous uptake in plot of vanilla Java. It seems that many builders espy the extra complexity of OSGi and not the benefits. As you examine it isn't 'en vogue'.

after all, they don't talk about OSGi and Open Liberty since it is in fact an implementation element of how they supply the runtime.

Nottingham spoke to InfoQ about this latest free up of Open Liberty.

InfoQ: What are the office desires for each quarterly unencumber of Open Liberty? Is there a main office focused for each and every free up?

Nottingham: They desired to carry Open Liberty the usage of an agile strategy. This means instead of set desires for every quarter, they exploit a backlog of labor they are doing and they ship the characteristic when capable, instead of on a specific date. They accomplish set desires for some characteristic, but even then they don't cease the coach if it can't fabricate it. Some facets that they now own set dreams for in the past were the Eclipse MicroProfile releases, they direct to ship aid for those API's in their free up following the Eclipse MicroProfile free up. it's definitely captious to me, because the lead, that they ship when capable so they fabricate sure it's right and the fine is there. Open Liberty releases this year own included comprehensive support for Java EE 8 and Eclipse MicroProfile 2.0 as well as adding guide for Spring Boot functions, authentication by means of social media providers, OpenID connect, HTTP session failover the exercise of JCache suppliers relish Hazelcast among others.

InfoQ: What makes Open Liberty wonderful over the different middleware application servers?

Nottingham: I deem there are three issues that fabricate Open Liberty in reality interesting:

  • We guide discrete models of Java EE within the identical unlock. That capability you could select whether to elope Java EE 7 or Java EE eight. You don't seem to subsist compelled to fabricate the election of 1 or the different. you should subsist in control of affecting ahead. It besides skill you greater easily procure totality of the protection and useful fixes.
  • We own been designed from the ground up to subsist modular and to guide a select and amalgamate for server capabilities. This wasn't retrofitted after the truth. I comprehend it is typical for some americans to reflect they'll just retract Tomcat and stuff within the additional Java EE capabilities into their software. however that would not bear the most efficient runtime. there is precise work to subsist achieved to subsist sure totality these technologies work well and successfully together, and that is what they did with out requiring you to elope everything in every deployed instance.
  • We accomplish not favor configuration or software migration for novel releases. i accomplish know for many people this could seem to subsist shape of boring, but no one likes having to update their code just to exercise probably the most concurrent version of a downstream dependency. no person likes having to recode their application or re-configure the server simply to pace from one version to one more. It adds friction and takes you far from the vital element - your application. With Liberty, they nevertheless guide server configurations produced years ago with out exchange and, as long as you don't change from Java EE 7 to Java EE eight, you accomplish not should recode your applications because they are able to continue to elope them with Java EE 7. i know americans will claim that Java EE 7 and Java EE eight are ahead suitable, however they now own a list of Java EE 7 -> Java EE 8 migration gotchas and they simply pace away.
  • InfoQ: Is IBM absorbing in the exercise of OSGi to build Open Liberty?

    Nottingham: Open Liberty isn't unique in the usage of OSGi. WebSphere natural, Glassfish and Payara totality exercise it as well, however the routine they exercise it is very wonderful. They developed Open Liberty from the ground as much as definitely fabricate the most OSGi. They exercise the modularity layer to: maintain their internals internal to eradicate classpath hell between the runtime and applications; exercise the OSGi provider layer (and Declarative capabilities) to subsist certain a fast, dynamic and parallel startup so as to delivery promptly, correctly, and lazily; and exercise the Subsystem layer to create the conception of features to compose their runtime so that you can simply exercise what you want.

    InfoQ: What's on the horizon for Open Liberty 18.0.0.four and subsequent releases in 2019?

    Nottingham: i am always hesitant to reply this variety of question as a result of I deem in transport when capable, now not on a date. bound it isn't totality the time possible, however i'd detest to asseverate “we are engaged on X for 18.0.0.4,” then fabricate a determination to slip it since it wasn't in a position and then own someone whinge that it didn't arrive. That mentioned, one of the vital things they are actively working on for the subsequent 12 months are:

  • Java SE eleven - they are actively engaged on this given Java SE eleven became just launched. They had Liberty working on Java SE 9/10. there own been a brace of limitations, however Java SE 11 threw some predominant spanners in the works that they requisite to tackle.
  • Eclipse MicroProfile - we're closely invested in the success of this task and their direct is to free up support for each MicroProfile liberate in their release following theirs. This might emerge to subsist a small factor to own one liner, however there is a whole lot occurring right here, together with adding assist for reactive programming models.
  • Jakarta EE - certainly they are very drawn to this pace and, whereas it is still in growth, their edifice group is involved within the discussions and they hope to aid Jakarta EE releases when they arrive out.
  • improving transparency into Open Liberty - probably the most issues they did after they first launched Open Liberty were compromises in the hobby of launching the code as open-source. One key enviornment is in construct transparency. They construct on IBM hosted hardware and the construct effects procure posted to inside methods so you can simplest espy the outcomes of a tug request that you attach up in case you work for IBM. So they try to pace the build output so it's publicly visible. They besides had an issue with a huge number of tests where they could not open-source them as a result of they had been developed with their purchasers so they accomplish not cling exclusive rights to them. They nevertheless elope these tests as a result of they give cost for finding regressions. but we're always seeking to in the reduction of the number of assessments we've behind the firewall, either by means of rewriting, or getting license to circulate them.
  • Simplify integration into Maven/Gradle builds - they now own a group of plugins for constructing apps that set up to Liberty today, however they've advanced over 5 years and accomplish not supply the simplest user adventure. So we're engaged on simplifying that in a facet challenge they denomination raise. i am fairly excited about this long run, however's a tiny too early to procure into details just yet.
  • we own been very considerate about how to fabricate Liberty play smartly in Docker/Kubernetes and Cloud Foundry, and proceed to treat these because the environments for which they requisite a really estimable DevOps experience. They accomplish some of this as fraction of the style they implement guide for novel Eclipse MicroProfile capabilities, however there are different purposeful and usability advancements we're delivering, relish aiding the forwarded headers for HTTP proxies.
  • increase performance - I procure that everyone does this totality the time, but they are engaged on some icy improvements such as an auto-tuned thread pool which works out the highest quality variety of threads at runtime. they are planning on tweaking this algorithm to fabricate it stronger, as well as methods they are able to shrink the measurement of Liberty to fabricate it even smaller.
  • substances

    Seagate and IBM Work collectively to assist reduce global difficult pressure Counterfeiting with Blockchain know-how | killexams.com real Questions and Pass4sure dumps

    CUPERTINO, Calif. & ARMONK, N.Y.--(company WIRE)--

    venture combines IBM Blockchain Platform, Seagate’s advanced “electronic fingerprinting” and product monitoring to aid prove provenance over challenging power being cycle

    Seagate technology plc (STX), an international chief in statistics storage solutions, and IBM (IBM) these days introduced they're working together to reduce product counterfeiting using blockchain and protection technologies. The undertaking, which is designed to assist manufacturers, integrators, and enterprise companions fight counterfeit difficult drives, uses the IBM Blockchain Platform to authenticate the provenance of disk pressure products, bringing a novel even of multi-layered protection insurance policy to the records administration industry.

    This press unencumber features multimedia. View the entire liberate right here: https://www.businesswire.com/news/home/20181108005093/en/

    in response to the overseas Anti-Counterfeiting Coalition, international alternate in counterfeit and pirated electronic items has reached more than $1.7 trillion in price. To check product authenticity, Seagate will supplant the IBM Blockchain Platform on the IBM Cloud with product authentication records according to the Seagate cozy™ digital identification (eID) on the aspect of manufacture. each wonderful identifier (serving as an electronic fingerprint) can besides subsist used to verify the identity of a arduous pressure at any time totality over its product lifestyles cycle. Seagate’s certified cancel employs cryptographic erasure expertise to supply a digital certificates of information purge, which is electronically signed by using the gadget under the Seagate cozy public key infrastructure (PKI) and saved on the blockchain for compliance administration with emerging international data privateness legal guidelines.

    building upon IBM’s blockchain capabilities and powered with the aid of the Linux basis’s Hyperledger textile dispensed ledger framework, the IBM Blockchain Platform is designed to permit community participants to append and glare at blockchain facts in response to their even of permissioning. totality through a product’s existence, know-how providers, provider suppliers, and conclusion users could subsist in a position to ascertain the product’s provenance on the blockchain, which offers an immutable record of hobbies. this may aid reduce information loss, fraudulent items and guarantee costs, whereas enhancing product assurance for valued clientele during deployment.

    “Blockchain expertise may besides subsist extremely valuable in confirming provenance and authenticity of assets,” mentioned Bruce Anderson, international managing director, electronics industry, IBM. “The skill to work with Seagate to amalgamate blockchain with advanced cryptographic product identification expertise is what sets this work apart, and indicators blockchain’s skills to reimagine the electronics product being cycle administration methods. Counterfeit electronic components are a worldwide subject that requires an ecosystem-wide application to tackle.”

    The eID and certified cancel capabilities are developed on the Seagate restful know-how, which may allow greater ranges of believe of product provenance and proof of facts erasure. shoppers can handicap from knowing that a pressure is a real Seagate product and that any facts on it can besides subsist securely erased that can aid purchasers with their efforts to stick to overseas compliance requisites.

    “IBM has a proven tradition of expertise innovation as evidenced via its market management in blockchain technology for product provenance in a variety of industries,” pointed out tag Re, senior vp and chief know-how officer at Seagate. “by way of combining Seagate’s innovations in product protection with IBM’s blockchain advantage, they wish to prove that they will aid reduce the incidence of product counterfeiting sooner or later.”

    As task construction continues during this mixed application to battle global product counterfeiting, Seagate and IBM are looking forward to that they will extend the company community to involve participation from give chain companions.

    About IBM Blockchain

    IBM is identified because the leading enterprise blockchain issuer. The enterprise’s research, technical and company consultants own damaged barriers in transaction processing speeds, developed the most superior cryptography to relaxed transactions, and are contributing thousands and thousands of lines of open source code to improve blockchain for corporations. IBM is the leader in open-supply blockchain options built for the business. considering 2016, IBM has worked with a whole bunch of customers throughout financial functions, give chain, govt, retail, digital rights management and healthcare to attach in favor blockchain functions, and operates a number of networks working are animated and in creation. The cloud-primarily based IBM Blockchain Platform delivers the conclusion-to-conclusion capabilities that consumers should quickly prompt and efficiently boost, operate, govern and restful their own company networks. IBM is an early member of Hyperledger, an open source collaborative application created to improve cross-business blockchain applied sciences. For more information about IBM Blockchain, consult with https://www.ibm.com/blockchain/ or comply with us on Twitter at @ibmblockchain.

    Story Continues

    About Seagate

    Seagate creates district for the human sustain by innovating how facts is kept, shared and used. subsist taught greater at www.seagate.com. comply with Seagate on Twitter, fb, LinkedIn, Spiceworks, YouTube and subscribe to their weblog.

    © 2018 Seagate expertise LLC. totality rights reserved. Seagate, Seagate technology and the Spiral emblem are registered trademarks of Seagate technology LLC within the u.s. and/or other countries. Seagate relaxed is either a trademark or registered trademark of Seagate technology LLC or one in every of its affiliated groups in the united states and/or other countries. totality other logos or registered emblems are the property of their respective house owners. Seagate reserves the usurp to exchange, devoid of observe, product choices or requisites.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005093/en/

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    Is IBM basically Resetting the Cloud panorama With Its crimson Hat Acquisition? | killexams.com real Questions and Pass4sure dumps

    Assuming it passes muster -- and there's no rationale to hope it won't -- IBM's (NYSE:IBM) introduced buy of pink Hat (NYSE:RHT) for $33 billion will fabricate it the third-biggest M&A deal within the U.S. tech space ever. So even for a legacy big, here's captious company. And at $one hundred ninety a share, it subsist paying a 63% top rate from the plot the target closed Friday. So for traders, the obtrusive question is: what is it about this particular deal that makes it so essential for IBM?

    To clarify what's up, MarketFoolery host Mac Greer has analysts Emily Flippen and Jason Moser subsist a fraction of him for this podcast to review the aggressive situation in the cloud, talk about the ways the crimson Hat acquisition will boost IBM's choices, and believe how this linkup might play out.

    A replete transcript follows the video.

    This video was recorded on Oct. 29, 2018.

    Mac Greer: IBM making a huge deal. On Sunday, IBM agreeing to buy purple Hat for $33 billion or $one hundred ninety in cash per share. it truly is a 63% top rate to the plot purple Hat closed on Friday. That sounds relish a noteworthy deal, appropriate?

    Emily Flippen: it's.

    Jason Moser: It appears relish lots.

    Greer: no longer unhealthy. IBM CEO Ginni Rometty says the deal is totality about, "resetting the cloud landscape." Emily, I requisite to procure into that here in a minute. the press liberate aphorism the deal describes pink Hat as "the area's leading company of open supply cloud utility." in the event you emerge on the deal, shares of purple Hat up round forty seven% these days. IBM, down a little. a very estimable deal for IBM?

    Flippen: I feel or not it's a quintessential deal for IBM. or not it's an enchanting deal for crimson Hat. For a bit enjoyable reality, here is really the third largest deal within the U.S. history for tech.

    Greer: that's sort of enjoyable.

    Flippen: it's a fun fact. that's to impart that, you will subsist vigilant that crimson Hat shares don't seem to subsist exactly at that $a hundred ninety expense. it really is as a result of the undeniable fact that this will want regulatory and shareholder approval before it strikes ahead. i would hope that to turn up.

    it's a thrilling deal for IBM. IBM has been posting really stagnant boom during the last few years. They essential to accomplish whatever thing. They had been losing out horribly to rivals relish Amazon and Microsoft during this area. This acquisition for them is an try to control every fraction of the cloud ecosystem for an enterprise. if you're an commercial enterprise, and you own got lots of actual assets, when it comes to common information storage, and you're trying to movement toward a cloud atmosphere, what they accomplish is, they own an inter-between facet where you're operating in a hybrid cloud atmosphere. This deal goes to permit IBM to procure in on the hybrid cloud atmosphere house and support businesses transition to that cloud environment. they are using red Hat to accomplish that.

    Moser: I deem she hit the nail on the pinnacle there. It become a requisite deal for IBM. they own now been speaking about IBM sort of just sitting there doing nothing over the past decade, extra or much less, as every other tech business they discus looks to subsist flying redress past it. typically, with massive tech agencies relish this, which are a tiny bit greater in accordance with legacy success, you should pace in there and fabricate a big deal relish this. it's why it subsist one of these top class, I believe. IBM in fact desires this. They don't want purple Hat to pace looking around and spot if someone desires to up the ante a tiny bit. So, they may subsist paying a really massive top rate these days.

    It more than likely goes via. perhaps there is some scrutiny there. however once I seemed at the two organizations, I reflect this in reality tells you everything you requisite to subsist vigilant of. in case you emerge at the groups, you observe the disparity in the research and edifice line detail on their earnings statements. in case you examine R&D as a percentage of earnings, for red Hat, or not it's about 20%. they may subsist plowing loads of the cash they fabricate again into the business as a result of they requisite to preserve primary and maintain advancing. IBM's around 7%, and they're really doing that simply to tread water. and that is the intuition what they've been doing for a long time now.

    to espy them fabricate a gigantic deal relish this isn't brilliant. I believe purple Hat's a noteworthy enterprise. the basics are sound. whether IBM truly does anything else in reality first rate with it continues to subsist to subsist viewed.

    Greer: in case you glare at IBM the stock, it hasn't even been treading water. You seem to subsist over the remaining 5 years. Emily, they own been speaking about this before the exhibit. Shares are down. you've got lost money on IBM over the final 5 years. that is fairly challenging to accomplish during this market.

    Moser: Yeah, it had the popularity for the longest time of, in case you could not in fact determine what shape of promote it became and how you should definitely subsist investing, you could always just purchase shares of IBM and no one would dangle that in opposition t you because of its standing within the tech house. but undoubtedly, tech has modified so a estimable deal in just the fresh years, and IBM hasn't in fact been spearheading that trade.

    Greer: I are looking to talk greater about this thought of resetting the cloud panorama. IBM's CEO says that massive companies own moved round 20% of their work to the cloud. Let's simply retract that as their starting element. That leaves round 80% that each one of those discrete corporations are competing for. IBM and pink Hat can pace after that eighty%. however we've acquired just a few competitors. Let's simply review one of the vital names in that space. Amazon, Microsoft, and Alphabet.

    Flippen: What's entertaining about red Hat is they are focused on open-sourced systems. When a person goes out makes exercise of pink Hat as a issuer, they are no longer truly purchasing any classification of fabric software. totality of the code is already available. in the event that they desired that, they may rather actually pace onto GitHub and copy and paste it. What they're doing is, they're buying purple Hat befriend -- the technology, the skills it really is needed to attach into outcome that. or not it's going to subsist basically enjoyable to espy how they compete. you'll word that loads of their rivals definitely exercise red Hat.

    What IBM is trying to accomplish is announcing, "hello, we're now not going to subsist the big cloud provider that's Amazon web capabilities. but, they are able to as a minimum subsist the system which Amazon net services is working on." pink Hat's most widely subscribed product is crimson Hat commercial enterprise Linux. or not it's the working rig that each one this know-how is running on. What they're attempting to accomplish is procure in on the bottom stage of that and retract a glare at to subsist a participant within the space with out necessarily without slow competing.

    We mentioned prior the way of life round IBM, how it's been a gradual growth enterprise, now not doing tons during this house. I deem it is where the controversy for this deal comes from. a lot of people espy crimson Hat as an innovator, completely open-supply. Any business that can fabricate $2 billion selling whatever it is free is a fine business in my e-book.

    Moser: [laughs] it truly is a estimable aspect!

    Flippen: So, the chance there for a cultural disillusion, as this business it's been such an innovator, this is been open-source, strikes to this conglomerate, this enormous, gradual tech business, it may well subsist a arduous tablet to swallow for some employees. but IBM actually wants the increase.

    Greer: The historical lifestyle clash. now they own heard that fable before. I believe back to AOL and Time Warner. they are able to espy how the deal shakes out.

    John Mackey, CEO of total meals Market, an Amazon subsidiary, is a member of The Motley fool's board of directors. Suzanne Frey, an govt at Alphabet, is a member of The Motley idiot's board of administrators. Teresa Kersten, an worker of LinkedIn, a Microsoft subsidiary, is a member of The Motley fool's board of directors. Emily Flippen has no position in any of the stocks mentioned. Jason Moser has no position in any of the stocks outlined. Mac Greer owns shares of Alphabet (C shares) and Amazon. The Motley fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Amazon. The Motley idiot has a disclosure policy.


    LOT-956 IBM LotusNotesDomino 7 Implementing - Administering Security

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    LOT-956 exam Dumps Source : IBM LotusNotesDomino 7 Implementing - Administering Security

    Test Code : LOT-956
    Test denomination : IBM LotusNotesDomino 7 Implementing - Administering Security
    Vendor denomination : IBM
    : 160 real Questions

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    ImageWare Systems, Inc. (IWSY) CEO Jim Miller on Q3 2018 Results - Earnings convoke Transcript | killexams.com real questions and Pass4sure dumps

    ImageWare Systems, Inc. (OTCQB:IWSY) Q3 2018 Earnings Conference convoke November 14, 2018 4:30 PM ET

    Executives

    Jim Miller - Chairman & CEO

    Wayne Wetherell - CFO

    Analysts

    Harvey Kohn - HRK Strategic Advisory

    Jeffrey Link - Invemed

    Operator

    Thank you and estimable afternoon everyone. Thank you for participating in ImageWare Systems Third Quarter financial Results and Corporate Update convoke to highlight the company's progress since its last quarterly update in August.

    Joining us today are ImageWare Systems Chairman and CEO, Jim Miller; and the company's CFO, Wayne Wetherell. Following the remarks, we'll open the convoke for questions.

    Any statements made on this convoke that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as anticipate, believe, estimate, expect, forecast, intent, may, plan, project, predict, if, should, and will, and similar expressions as they relate to ImageWare Systems Incorporated are intended to identify such forward-looking statements.

    ImageWare may from time to time, publicly update these forward-looking statements, but it is not obligated to accomplish so. Any projections of future results of operations should not subsist construed in any manner as a guarantee that such results will, in fact, occur. These projections are subject to change and could vary materially from final reported results.

    For discussion of such risks and uncertainties, tickle espy Risk Factors in the ImageWare's Annual Report on shape 10-K for the fiscal year ended December 31, 2017. Its quarterly report on shape 10-Q for the quarter ended September 30, 2018, and other reports filed with the Securities and Exchange Commission under the Securities through Exchange Act of 1934 as amended.

    Readers are cautioned not to plot undue reliance on these forward-looking statements, which speak only as of to-date on which they are made.

    I would relish to remind everyone that this convoke will subsist available for replay starting at 7:30 p.m. Eastern time tonight. A webcast replay will subsist available for 90 days on the company's website at iwsinc.com. Any redistribution, retransmission, or rebroadcast of this convoke in any way without the expressed written consent of ImageWare Systems Incorporated is strictly prohibited.

    I'll now turn the convoke over to Wayne Wetherell, CFO. tickle pace ahead.

    Wayne Wetherell

    Thank you, operator, and welcome to those of you joining their convoke today.

    Our quarterly financial results are available in the recently published intelligence release and on the shape 10-Q. The context on today's call, I'll provide a brief summary of those results.

    Revenue for the third quarter of 2018 totaled $736,000, that's down 32% from $1.1 million for the identical quarter of 2017. The diminish was attributable to lower identification project related revenue of approximately $271,000 and lower royalty revenue of approximately $63,000.

    As they stay in the past, their government revenue is subject to significant swings due to the nature of the government project business. Gross profit for the quarter was $576,000 as compared to $853,000 in the identical quarter of 2017. Gross margins decreased a 78% in the third quarter compared to 79% in 2017.

    The third quarter net loss was $3.5 million compared to $2.4 million for the identical quarter in 2017. Net loss per share for the quarter was $0.04 compared to $0.03 in 2017. They ended the quarter with cash of $9.1 million. This concludes my financial review, I'll now turn the convoke over to Jim for the progress update on their business strategy.

    Jim Miller

    Thanks, Wayne. estimable afternoon to everybody. And I appreciate the chance to speak with you totality today and provide you an update on their marketing and sales efforts as well as those of their partners. But first, for those of you who'd relish to know more about their biometric technology and learn about what their game-changing patented multi-factor, multimodal technology does and how it's different from and superior to other competing technologies and why it's needed. I invite you to either visit their website at iwsinc.com or contact their IR team directly to discuss.

    I'll commence with an update on projects previously discussed before I address novel opportunities that own Come to us since their last call. It's considerable to preserve in intelligence that updates and expectations regarding their partner projects Come to you by way of what information and expectations their partners provide to us.

    Our partners declare us what they hope at any given time in the life of a project and in the interest of transparency. They share that information where they can with their shareholders. Unfortunately, in some cases, they've been off on their timing. Much of that is understandable as there are numerous affecting parts in several layers of management in any purchasing determination particularly one involving novel technology.

    Regrettably, when they are off it leaves the IWS management team looking [that] as well as if they missed the mark. That said, they continue to believe in the partner model as given their size and number of employees, it's the best way to approach global markets.

    Now on their August conference call, they discussed the award granted by the veteran's administration to their partner Four Points were $3.6 million multiyear order for services and licenses in connection with the biometric authentication system deployed by the VA. They continue their service to the VA, one of their largest and longest customers while they contend their needs for additional licenses and growth of the system.

    By way of their partnership with Fujitsu, we’ve received an order from a Canadian financial institution for their GoVerifyID product. Since the completion of the agreement, they own begun the install process which will lead to the enrollment of identities in the biometric authentication system in December.

    Updating you on the pending Fujitsu service now helped us product as mentioned before they are restful for this is an extremely big piece of business with the base in the 100s of millions of potential customers. In order to ready the Fujitsu branded services now product for the market, the product must subsist tested and certified.

    This is a rigorous process that runs the novel product through its paces and certifies that it meets standards for sale and will subsist interoperable with a big number of other software products used by the customers. When that work is satisfactorily completed and retested, there will subsist a product announcement and Fujitsu will commence offering service with their embedded GoVerifyID technology.

    Thus offering a smoother and more secure user helpdesk sustain at a meaningfully discounted cost to the customer. They are advised at this sales application will start in this quarter. Their partner, CDW, tells us it'd hope to complete several novel GoVerifyID additional sales in this quarter as well.

    Our work continues with one of IBMs largest ISAM customers, last quarter they told you that we'd advanced to the procurement discussion stage and for the moment, that is where that discussion remains. More recently, ForgeRock, a leader in identity and access management and ImageWare announced the partnership that involved the integration of their GoVerifyID product which allows for both two and three-factor authentication into the ForgeRock identity management platform.

    At a major industry event, Identity Live, just two weeks ago in London, ForgeRock debuted their product fully integrated into their identity management platform which allows their customers to quickly and easily obtain the security advantages of additional authentication. They in ForgeRock are now working together to follow-up on the significant interest from that event as well as target specific ForgeRock customers with two and three-factor authentication needs.

    Now, some of you own wondered why it is that a longtime pioneer in biometrics is now offering the frankly lesser security of two-factor authentication. Simple reasons, first we've always offered two-factor authentication on their products, so why not fabricate sure totality of their customers know this.

    Second, some customers are hesitant to jump right into biometrics, after totality it's a gigantic change from over 50-years of passwords and pins. So, two-factor authentication offers an light first step into the journey towards more secure authentication of your identity and with the IWS platform they can start a customer on two-factor authentication or 2FA as they convoke it and graduate them to replete biometric authentication in one very light step and totality on the identical platform.

    Finally, and bluntly, they totality saw the $2 billion plus valuation given to a two-factor company in recent acquisition by Cisco. They however, can retract their customer on this authentication journey by supplying first steps with the skill to seamlessly and effortlessly upgrade to replete biometric authentication.

    Because they own totality these capabilities on the IWS platform, a customer can pace from two-factor to replete biometrics with a literal flip of the switch, a capability not provided by anyone else in the market. And two, and two or three-factor, the customer gets the identical highly scalable authentication enjoyed for a number of years by their government customers such as the state of Arizona, the Canadian TSA and the VA.

    Turning to the burgeoning healthcare market which is expected to support a higher per person per month cost point at the halt of their first quarter Fujitsu announced that it had expanded their sales and marketing agreement and was bringing their MedClick platform into the market. MedClick is an OEM version of their FDA approved pillphone product for biometrically secured patient engagement, medical adherence, and authentication of e-prescription ordering and clinical trial.

    In Q2, they told you that they and Fujitsu had successfully integrated MedClick into the Epic electronic healthcare application. The Epic electronic record solution for healthcare provides records for over 200 million patients. So, we're very excited about the skill to market MedClick into this space. In Q2, they besides told you that Fujitsu had just commenced its marketing and sales activities to add resellers who will target the chronic disease management markets with the product.

    The Q3 update is that they are told that MedClick is being well received. Fujitsu is working on securing a reference customer for the product and is having discussions, senior management types in various companies to secure that vital reference account which can then subsist used to drive additional sales.

    Turning to their partners at Contactable, they own executed a 5-year license agreement with them and tomorrow you will espy an announcement about their novel product for on-boarding which is based on their agreement with them. This is not only fills a hole in their product offering but opens up a very lucrative market segment for their product. As many companies want identity verification prior to enrolling in identity into a consumer or enterprise database.

    Now, with this novel product, they can tender confident assurance that the individual who enters their customers database has their identity validated against the government issued ID. They could besides tender customers the service of a digital vault to biometrically protect considerable documents and to facilitate digital transaction, totality of this seamlessly integrated into their GoVerifyID product.

    More importantly, they can create for totality users a secured digital identity that is compliant with the novel GDPR requirements, compliant with novel banking requirements and allows the individual who created that fully invented identity to exercise it in a federated fashion. That is, with other merchants, governments or service providers or and this is really important: remove that identity from exercise totality together by revoking its use.

    This identity can subsist created face-to-face in a brick & mortar location or done mobile'ly via exercise of a smart device. They are already engaged in several exciting discussions about its exercise and you will subsist hearing a lot more from us about this exciting novel product. In their last call, they besides talked about a novel market. The internet of things. Defined as a group of standalone devices controlled or monitored from a remote location, which market is larger than any of the individual markets they own been selling into.

    We are at work with several companies in this space ForgeRock among them and here we're besides completing an exciting novel product that will work to add biometric and device authentication in the IoT space. You'd subsist seeing a lot more from us on that in the coming weeks. As you saw from their public announcements, they were awarded a $2.7 million agreement from IBM Canada for software that will subsist used for edifice the next generation identity management system for the Canadian government.

    Work has started on that project and there will subsist revenues in this quarter. We're besides pleased that IBM has asked us to deem other opportunities where they can sell in market other IWS products alongside of them as well. Some of you may own seen recently an announcement from Fujitsu and Microsoft regarding their agreement that Microsoft will resell Fujitsu software as a service products on the Azure Cloud platform.

    And going forward, the routine is to involve biometrics as a service in that group. Microsoft has not historically offered a cloud-based biometric authentication product or service. So, it's very promising that they routine to subsist selling Fujitsu's Software as a service solution. They continue to create novel technology and improve their existing technology. As they do, they continue to file novel patents around their novel innovations.

    Most recently, they own created novel and exciting advances in two-factor authentication which will subsist -- they will subsist introducing early next year and for which they own patent applications in the works. They own altered their marketing approach to the market by more graphically showing potential customers how they can supply both two and three-factor authentication seamlessly on the identical platform. So, when a customer wants an upgrade, they can pace from two to three-factor with absolute ease.

    Many of you've seen the recent Duo sale for $2.3 billion to Cisco based solely on a two-factor business model. So, they reflect their strategy --. For the Fujitsu Forum event held last week in Munich, Germany, Fujitsu integrated their biometric technology into their blockchain product. Their R&D folks own Come up with a noteworthy novel way to more efficiently exercise biometrics in the blockchain arena and they filed a novel patent on this novel technology.

    Also demonstrated the exercise of their technology in the smart-car application at that show, so you can espy how biometrics can operate to supply security in that space. Finally, we're pleased to declare you that the state of Arizona has recently awarded ImageWare a multi-year indefinite delivery, indefinite quantity contract for the supply of biometric authentication capability to totality of the state agency.

    As many of you know, Arizona was their initial customer many years ago and we're very haughty to subsist able to tender their products and services to additional agencies over and above their traditional focus in public safety agencies. A list of lively potential customers continues to grow and a list to potential significant transactions is besides growing but as I'm sure you totality recognized, the entire process is not as simple as flipping-on a light switch and as we've totality seen, the process takes time.

    Every project that they own been and will work on, progresses at its own space but it is progressing. In fact, things are significantly different in the last nine months. Prior to that time, they were attempting to fabricate in road and sales the three major customers ourselves. They recognize several years ago that attempting to sell directly was not meeting with any success. So, they changed direction to instead of tracks and major companies to subsist their partner and salesforce space.

    And after several years of effort, that was successful with Fujitsu, IBM, CDW, now ForgeRock and others. For about the past nine months, these companies own been their sales front and they are now seeing a totally different reaction at a higher even by potential customers. Their partners own had some early successes. They and they espy major successes developing, significant strides own been made to establish a pipeline that they believe will impact, bring home major revenue for them, and for us.

    As said before, it's considerable for me to remind totality of you that the process they retract with each and every partner is unique to that specific partner. Each partner has its own set of objectives, market forces and processes that requisite to subsist navigated internally prior to ever going to market. Sometimes these processes especially those that involved very big companies pace at a glacial pace. But I remind you they are totality in fact morning and affecting towards very big markets.

    I would besides relish to note that throughout the year to-date, we've increased their sales with partners. At the halt of the last few months, we've closed 11 novel deals for their GoVerifyID product in addition to significant novel orders for Cloud ID and law enforcement products. The fact that the halt of nine months, they closed the total of 12 novel deals for GoVerify and four for Cloud ID in the biometric engine.

    For perspective view, may recall that GoVerifyID orders were zero, starting in Q1. So, progress is being made, in fact over 60% of totality of their orders for the first three quarters are novel business deals.

    Now, I'd relish to turn their convoke over to their operator to commence the question and confess session.

    Question-and-Answer Session

    Operator

    Thank you. [Operator Instructions] Their first question comes from Paul Penney of Northland Security.

    Unidentified Analyst

    Good afternoon. This is Greg on for Paul. Thanks for taking my questions. First, can you provide some color on the $4.5 million in orders that you were seeing and maybe relish cadence on when that will subsist recognized as revenue?

    Wayne Wetherell

    Yes, there is. Hi Greg, thanks for the question. Yes, they were obviously pleased that it was the number relish $4.5 million and that's a estimable month or a estimable quarter for order intake for us. Some of those things weren’t were mixed. They were licenses for immediate delivery, so you can recognize revenue at the time that those products are delivered. Others were longer-term government contracts where they had actually initially thought that they might espy some immediate license revenue and those in the final negotiations that the contract got moved to a more extended progress process, their delivery process I subsist considerable to say.

    So, they own revenue that on those moved in from the third quarter because in the case of the Canada CSA, the deal was signed late in the quarter which moved the revenue that's just subsist starting to recognize in Q4. The other, where various GoVerifyID projects that they own out as I said in my remarks, they own 12 GoVerifyID deals that they own done. So, we're out selling the product. It moves at various stages, folks pace to implement differently.

    Good example is the Canadian financial institution I mentioned, that deal was signed a few months back but they just now green-lighted the implementation. So, the revenue expectations on their side slip because the customers' aphorism they own an agreement, in some of these cases they've even paid an forward for the licenses but the fact is they haven’t made the delivery yet because the customers not ready to accept. And that's as I said, hence my comment, every one of these is a tiny bit different in the way that the customer and they own to navigate.

    And sometimes when a customer's not ready to retract delivery, even though we're very ready to deliver, you can't accomplish anything but obviously espy to their wishes in terms of the delivery schedule. So, it's a amalgamate of government orders from more traditional products and happily in that amalgamate is besides a number of GoVerifyID and newer products orders as well.

    Unidentified Analyst

    Great, that's a lot of estimable color, thanks for that. Again secondarily, can you provide an update on Mexico opportunities that you're seeing given the on-deck biometrics managing?

    Jim Miller

    Yes. There is a number of activities that are ongoing currently in Mexico. You were referring for totality the leisure of their listeners to a federal law in Mexico that is mandating additional security and privacy protections and one of the ways that you can attain compliance with that law is by using technology such as biometrics.

    So, they and particularly through their partners at Fujitsu own a number of banks located in Mexico and opportunities in that country that were rapidly trying to procure to closure. There is a requisite for the product, negotiations are never easy, if any kindly a lot of paperwork involved in dealing with institutions relish financial institutions. But there is I reflect some intuition for optimism that there will subsist some deals there.

    A lot of the Mexican banks had available fingerprint technology that they could utilize as an initial step towards getting compliance with this law. But there were besides a handful of them, decent sized estimable banks in terms of size that had not availed themselves of that. So, that's really the chance there is to subsist able to tender those folks the skill to Come into compliance in time for the halt of February 2019 deadline. So, they are as I said we're burning on the trail there on right in the middle of those discussions.

    Unidentified Analyst

    Got it. And then, it was noteworthy to espy the addition of the sales office in Japan back in July I believe. Can you maybe give us an update on progress with Fujitsu following those relish personal changes and the addition there?

    Jim Miller

    Yes. It has been a tremendous thing to own representation in Japan; the gentlemen that handles that for us, a veteran Japanese, fluent Japanese speaking sales executive with a lot of sustain in Asia Pacific and particularly in the Japan market. So, they not only own someone that has spent their careers selling in that market successfully but besides a fluent native speaker which is a tremendous help. Not just in Japan in day-to-day sales activities but as they requisite as they own periodically with Fujitsu executives from Japan.

    It's always very helpful to subsist able to speak in someone's native language and subsist understood. So, that’s been terrific. And in fraction of his responsibility is to shepherd this global agreement that we've had under discussion with Fujitsu for some time and they continue to fabricate progress on that although it's been slow. Fujitsu's had a few reorganizations, they've had one very recently. So, sometimes that causes you as I said in my remarks it's a process and you just own to navigate it no matter how frustrating it might subsist and believe me some days it is.

    But novel people Come in and they requisite to procure up the speed. That's just fraction of totality of their lives, things change, they requisite to adapt. But it's I reflect going very well. In addition to that though, not just with in terms of Fujitsu, they are making I reflect really estimable progress with their novel partner at Two-Five who they besides announced, in going into some additional opportunities with companies relish Hitachi for example which is an existing customer of Two-Five.

    So, we're -- it's still a tiny bit early in the process but really joyful with the progress that we're seeing there and there are some just some really exciting opportunities as they start to pace out to add companies that procure them acquainted with their abilities and capabilities in addition to Fujitsu, larger companies as well who own access to that market. So, pretty joyful with actually where it is and things that -- we'll subsist seeing some dividends in terms of revenues here pretty soon on that.

    Unidentified Analyst

    Yes, that's really estimable to hear. I guess one last one from me and maybe it is a tiny early still but regarding the in the novel IBM, I subsist considerable in Canada, with these are you [going to] espy chance for more expansion with IBM following the recent befriend that you gave in on the government contract win?

    Jim Miller

    Yes, I do. I'm optimistic. I reflect they totality are optimistic. The history of their involvement on the Canadian project was through another contractor. Originally, years ago when they built that system for the government, and ImageWare did build the system from scratch for the government there. The integrator was Unisys and when the government switched integrators they came to work with IBM in Canada. But they had never started a project together and so when this one went to rebid, it was just a fabulous chance frankly for us to not only procure better acquainted with them because people own changed chairs over the years as you would imagine but besides a noteworthy chance I reflect for us and for them to procure better acquainted with what they do.

    There's a tendency I reflect when you're just working on one project, I reflect maybe that's totality the other person actually can do. And I reflect they were able to present that we’ve got a pretty wide variety of products that would subsist applicable in other used cases in the IBM world. So, they own started those conversations about ways that the companies can work together and leverage each other’s strengths, IBM’s of course is considerable and, yes I do, I'm optimistic that we'll espy some results from that. There's interest on both sides. So, it's a noteworthy plot to start.

    Unidentified Analyst

    Okay, great, thank you.

    Operator

    Our next question comes from Harvey Kohn of HRK Strategic Advisory.

    Harvey Kohn

    Hello Jim, hello Wayne.

    Jim Miller

    Hi, Harvey.

    Harvey Kohn

    Couple of my questions own already been answered. Just as a general comment where you've been going on. It's pretty lucid from the first quarter of this year that we've made tremendous progress in expanding their pipeline of totality partners and actual halt users which I reflect something we've totality would waiting for because this is the first time that these customers will act as a major base, a major reference point for expanding multiples going forward.

    So, it looks relish right at the inclination point of major salesman up to that, congratulations. Having said that, I wonder if two things, I wonder if you could comment on the departure of Jason Bradley and something you could talk about.

    And secondly, I would -- if you would pace back over, what sounds to me relish a huge opportunity, the novel ID product that you own --

    Jim Miller

    Okay, thank you, two estimable questions. Jason Bradley was the senior executive in Fujitsu, in the group that they worked with here in the Americas. He has decided to halt his service at Fujitsu and retract up with a novel exciting company in the IoT space. That announcement's been made at Fujitsu. So, that's out there and that transition is now concluded.

    There is no denying that we'll miss Jason's advocacy. He was a savvy executive who was in a rush and he was a right visionary who believed in the future of biometrics sold as a service for authentication in both the enterprise and consumer markets. And he believed in the ImageWare approach to that as having been groundbreaking. And intelligence you, he sort of inherited their portfolio. He was not the original executive who they did the deal with in the Americas.

    That said, they will miss him of course for lots of reasons but Fujitsu did not procure to subsist a $45 billion $50 billion global powerhouse of the company with only one person to trust on. And so, relish totality estimable companies who own been in business for 50, 60, 70 years and prospered. There is a abysmal bench, they are in the process of affecting to a novel group whose purpose will subsist to specifically sell cloud service product which they reflect is terrific. And we're excited by that.

    So, always tough to lose a valued partner and a very smart guy. But life will pace on and so were we. And I accomplish not reflect that their partnership with Fujitsu will suffer. I reflect that in fact they will subsist now seeing the expansion of it, as they accomplish some things relish for example putting in blockchain; putting their biometrics into the Fujitsu blockchain product; and a estimable safe way to what you asked secondarily and that's their novel product.

    We are as a world going through an astounding digital transformation and so tomorrow they will promulgate the novel product that will subsist indeed aptly convoke the digital identity transformation platform. That's a mouthful really it'll just integrate with GoVerifyID. But the whole ideas is here that we're finding that as you pace along and you present your biometric product, people want to know before they attach your biometrics in the system that you're really you.

    Because reflect about it, if they procure the wrong person, they procure a fraudster in the system, pretending to subsist someone else and therefore the biometrics pace in, you own kindly of poisoned the system at the procure go. So, there has a intuition in requisite to subsist able to retract precaution at the outset and by the way this is applicable for enterprise or consumer in a very gigantic way and that, that person against the government ID.

    And there are a brace of products out there who own done similar things but this one is different because in addition to just wearing your government ID prior to entering the database, there are additional features to this product such as digital vault, which will allow you to facilitate digital transaction. So, I can sign documents, store them in the vault, authenticate my identity biometrically for access to those documents or proof that I'm actually the person signing.

    This is a major step toward this digital revolution that's going on, that can create a secure identity and own that identity subsist used. We've talked in the past about federated identities, the skill to exercise that identity across multiple different tenants or vendors, this is the key first step to creating a valid identity that you can trust on. And if I'm going to exercise my identity in a variety of different places, then it should better subsist validated embedded up front.

    And then more importantly on the other thing the product does, it allows you by the way it's compliant with GDPR which is the European privacy regulations and for those of you on the call, I reflect that you may probably already appreciate that while GDPR is a European regulation, it applies to anybody doing business or touching any business that's done or transacted in the European Union countries. And so, that virtually ends up being totality of us because it's a global world.

    The skill to create an identity and give the person who's identity it is actually controlled. So, there is a mechanism where you can revoke the right to user digital identity and that's a gigantic deal by itself because I reflect that we've totality seen their information and their identities are used without their license way too much mostly for fraudulent purposes. So, there has been a lot of excitement around this product. Their partners at Contactable already own had success in their markets with it.

    We are really excited to own it. And as I said, I reflect you'll subsist hearing some really estimable things about this in the next few weeks. It fills the hole in the portfolio. It's the frontend to enrolling people in the database. So, it's noteworthy to own it and I reflect when you espy it out and about we'll own it on the website. You could retract a glare at how it works. It's a truly exciting product to have. And again, seamlessly integrated with the leisure of their biometric authentication on the GoVerifyID platform. So, it's a gigantic step for us and I reflect it is going to own a lot of play in the marketplace.

    Harvey Kohn

    Sounds exciting, thank you.

    Jim Miller

    You bet.

    Operator

    Our next question comes from Jeffrey Link of Invemed.

    Jeffrey Link

    Yes, hi.

    Jim Miller

    Hi.

    Jeffrey Link

    I wanted to, I don’t know if you can clarify or not. I reflect you said you own now 12 GoVerifyID deals in the works at various stages?

    Jim Miller

    Yes.

    Jeffrey Link

    How many of those deals are in the $4.5 million. So, you own 12 or four of them, eight, 10, how many are in the $4.5 million that you impart is in the pipeline now?

    Jim Miller

    I reflect between in the last quarter there was one novel deal added. I believe the number was 11 through Q2, it's 12 through Q3 and they anticipate several more here in this fourth quarter.

    Jeffrey Link

    Well, I guess what I'm trying to understand is are they totality fraction of the $4.5 million?

    Jim Miller

    No. the $4.5 million were the orders that were received in the third quarter.

    Jeffrey Link

    I See.

    Jim Miller

    Those are as I said to the first question that -- those are at the various amalgamate of products, some for government products, some for GoVerifyID related products, other services and things that they do. But that was, those are totality novel business in the third quarter.

    Jeffrey Link

    So, then the 12 deals that you own or the customers or the various stages -- what kindly of expectation can one glare for in terms of revenue over the next 12 months from these deals?

    Jim Miller

    Well, it's a tiny bit difficult to subsist precise on that because what happens is that, that various different for buyers of the product retract it on and they retract it on to frankly tried out. So, they might subsist a small enterprise with a brace of 100 employees and they will retract 20 or 40 or 50 to try it. And if they relish it they'll expand it. We've seen one instance we're here in the fourth quarter that at a prior order was supplemented by an additional order.

    So, that's just its edifice blocks you start and as I that's why I point out that every one of these people are different. It's novel technology, so they -- they don’t own a really estimable road map to declare you how it's going to roll out, what's the timeframe and how it's going to halt up. But the first step is of course is to procure them to purchase it. And then we're confident that as you exercise the product you'll relish it and you'll add your employees and as you add your employees, you will then reflect about affecting it to your customers, which of course is the bigger number that we're after here. But that's the way that this thing sort of starts out.

    Jeffrey Link

    All right. I wanted to besides exact if you would, since I'm a tiny newer to the story. On the service now deal that's been talked about on-and-off, what exactly is the status right now in terms of whether the software is ready to go, what -- where are you at in this whole process?

    Jim Miller

    We actually of course are in a secondary role, to subsist honest with you. Because the product is a white label of the service now product that is sold by Fujitsu. So, it's Fujitsu that drives this process. They own advised us that they're in the final stages of receiving that certification and that they anticipate having totality of that concluded and affecting ahead to their sales application in this quarter. So, that's what they’ve reported to us.

    Jeffrey Link

    And when they talk about 100s of millions of potential users, can you intricate a tiny bit on what that exactly means if service now is servicing a 100 accounts that is a 100s of millions of users is Fujitsu now needing to pace and sell it to each of these accounts or is service now simply going to commence to roll out the software to these accounts and automatically going to procure upgraded to the white label software that Fujitsu has, I guess I'm just trying to understand the actual process here, once I guess the certification is completed.

    Jim Miller

    Fujitsu has its own customer base. Fujitsu, lots of folks don’t appreciate, operates a lot of convoke hub or a lot of support work. So, they own an existing reserve of business in the support services arena already. The routine is to tender the product that would allow folks to exercise a biometric authentication to procure directly to a befriend desk professional who can bring their record up on the screen because they vetted you, they know it’s you. They can dispense with qualifying questions.

    Mother's maiden name, social security number, totality those things they totality pace through when they convoke the helpdesk and procure right to why it is you called. That skill to accomplish that, time is money in that business simply attach and the skill to accomplish that saves a lot of time. And therefore saves a lot of money. And that's the value proposition.

    So, the routine is that once the product is certified, it will then pace out for sale to Fujitsu's existing customers. So, the confess to your question in the Fujitsu’s case now, they don’t own to pace knock on doors and convoke out. They already own a reserve of business. So, that's the way they totality -- market.

    Jeffrey Link

    And so, these customers are currently using a Fujitsu software that may already own the two-step process and now they would upgrade to yours?

    Jim Miller

    Well, they would upgrade to a Fujitsu product that includes ours. Yes, that's right, they're using the traditional software product that they totality sustain when they convoke the helpdesk. That is you own to pace through a list of qualifying questions before they'll confess why it is you called. So, we're cutting out that step, we're doing it giving them the assurance that it's really you that's calling, not me pretending to subsist you. And that process saves as I said a estimable deal of time and money. It besides increases enhances the user experience, which is not a spoiled thing either.

    Jeffrey Link

    And if you would, how accomplish the service now happy in with Fujitsu and totality these convoke centers?

    Jim Miller

    Which there it is a Fujitsu has a product which is itself a private or white labeled product of a service now product. So, in the identical way that Fujitsu rebrands products relish of ours, they own a similar arrangement with a larger company ServiceNow.

    Jeffrey Link

    Okay. And I'm going to exact you I guess a similar questioning on the Epic, win that you recently had in the incorporation of your module into the Epic system. What is -- where they add in terms of that roll out?

    Jim Miller

    Well, let me just glare clarify fraction of your question there. I would not impart that that's so much of a win as it is a milestone. That is the integration into the Epic backend system. That's really considerable because it's really difficult in any space to pace in and sell a single product that operates as a standalone. And any institutional sale and even in their own homes, you've got a lot of individual applications running.

    You really relish it when they elope on one network and you only own one system to navigate and you don’t own to worry about having totality these different silhouette systems that you own to service, understand each one of the interest is and work with that. So, this puts it on a platform that not badly, is used by several 100 million people in the North American market, in the world market that they procure their health are records on.

    So, it's estimable to subsist there because that makes the sale easier. They tried, believe me to sell it as a standalone and they were met with a lot of resistance because people wanted to espy it on one of the major healthcare record software systems that they employ. right now, where we're at with totality that is that the larger companies understand Fujitsu and Epic understand the value of a reference account. That is a higher profile company that you can point to in the sales process, where you can impart this company uses their system.

    They own purchased it, they exercise it, they relish it. And that answers a lot of questions in your sales effort. Because one of the ones you always procure is declare me where you've done this and maybe even can I convoke that person. And I espy how this really works, I know how you as a sales person tells me it works. But can I own a third party verification of what you told me. So, that is a critical, there's no cost you can attach on that reference. They can declare you that from their own sustain and this is it's an obvious thing.

    So, that's what they're trying to accomplish at this point and they're in that process. They've made a lot of progress but at this point I can report to you that they've had a success there, although they reflect they are closing in on some companies that will own will retract it and adopt it and subsist that reference account.

    Jeffrey Link

    Just a follow-up on that. accomplish you requisite to subsist involved in that process when Epic is going out to these potentially referenceable accounts or they at this point enough understanding, enough of your software and its capabilities that you don’t requisite to continue to support Epic. I guess, I'm just wondering how you can stay in front of Epic to fabricate sure that this product is in fact constantly being marketed by the Epic people?

    Jim Miller

    Well, it's they convoke that, it's a Fujitsu product. So, its Fujitsu not Epic that really leads the application here because MedClick is their pillphone product that is white labeled by Fujitsu and therefore they lead the sales effort.

    And the confess to your questions is, right now in this fairly early stages, it depends. It depends on how much technical abysmal dive company wants to procure into, in which case they will supplement their partner’s sales efforts. That's not right in every case. So they're, as they pace along, you learned to you crawl and then you walk and then you can run, it's that very similar process as they procure more time with the product, they wean away from having us to subsist there on every single sales call.

    But in the early going out to subsist quite honestly they sort of want to subsist there. They know the product, they built it better than anyone. And rather than leave a question on the table, they would air on the side of caution and subsist there to confess those questions. So, prospective customer gets the replete understanding of the product and its features set and what it does. As time goes on, less and less, so that in some of the cases for other products relish the GoVerifyID product, sales calls pace on totality the time where they are not involved.

    If they requisite to be, we're obviously there to support whenever they requisite to be. And then so that's pretty much how it works. So, it's just a question of getting them up to speed and then and to your point getting regular reports on how they're doing. And to gauge what they requisite to accomplish or change to fabricate sure that that application can subsist more successful.

    Operator

    This concludes the question and confess session. I would relish to turn the conference back over to Mr. Miller for any closing remarks.

    Jim Miller

    Thank you, operator. Let me first of totality thank you for your continued support even as progress seems to retract forever. While it's difficult for team here at IWS as well, they remain confident because they own the handicap of seeing what's going on out there in their market with their potential customers and because they know that they own the best technology addressing a huge and growing market and because they own significant partners who are confident that they will bring home the sales.

    I'll nigh now with that. I'll thank you again for your attention and your continued credit in their technology in their markets. And they very much glare forward to speaking with you on their next call. estimable afternoon, to everyone.

    Operator

    This concludes today's conference call. You may disconnect your lines. Thank you, for participating and own a pleasant day.

    SeekingAlpha

    A Neglected partner in Asia: The U.S. Should Strengthen Economic Cooperation with Taiwan | killexams.com real questions and Pass4sure dumps

    Taiwan has historically been a beacon for economic growth and economic freedom in the Asia–Pacific. However, with China’s steady rise as an economic powerhouse, Beijing’s skill to influence not just the Taiwanese, but other countries’ relationships with Taiwan, has become increasingly worrisome and a drag on the market forces that should determine Taiwan’s plot in the global economy.REF Taiwan is often left out as other countries sign novel trade agreements. In addition to this long-developing problem, companies in Taiwan now risk being caught in the middle of an escalating trade dispute between Washington and Beijing.

    The U.S. can no longer stand by, idly watching these dynamics play out. Nor can it allow Taiwan and American businesses in Taiwan to suffer unnecessary economic penalties aimed at China. Given the uncertainty of supply chains created by ongoing trade disputes, it is necessary for businesses and consumers to know that the U.S. has trustworthy trade and investment partners in Asia. Reinvesting in the economic relationship between the U.S. and Taiwan will defray some of China’s non-market-based influence.

    To this end, the White House should establish a novel high-level economic dialogue with Taipei that will thrust past trade conflicts and other political obstacles to a more meaningful partnership that will capitalize both countries.REF

    Outcast from the Trading World

    In October 2018, the Australian government reportedly backed away from talks on a free trade agreement (FTA) with Taiwan, its 14th-largest trading partner, due to pressure from Beijing—Australia’s number 1 trading partner.REF To complicate matters, Australia has had an FTA with China since 2015.REF Despite growing skepticism of Chinese influence, Australia’s recent withdrawal from an FTA with Taiwan is a reminder of Beijing’s interest in managing other countries’ relationships with Taiwan.

    Beijing’s influence reaches beyond government relations. Over the past few years, the Chinese government launched a campaign of sorts to favor international private businesses, including some businesses with foreign-government affiliations, to change how they picture Taiwan. Airlines, such as Delta, Air Canada, and Air India; clothing lines relish the Gap and Zara; and others companies, such as Audi and Marriot, were forced to change company documents and products to subsist more in-line with Beijing’s view of Taiwan.REF In some cases, they apologized for not already conforming to Beijing’s wishes.

    Much relish Chinese policies, Beijing’s efforts are Slow moving. Taiwan is far from being completely isolated from the global economy. As a member of the World Trade Organization (WTO), Taiwan is able to retract handicap of the “most favored nation” status and lower barriers to trade among members. Taiwan can besides retract fraction in the WTO’s dispute-settlement system, allowing Taiwan to challenge other countries’ illiberal trade practices. However, outside the WTO, as seen with Australia, countries that own diplomatic relations with China, except Singapore and novel Zealand, own been reluctant to sign separate trade deals with Taiwan.

    Another recent example is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will soon retract effect. The trade agreement has already been ratified by six of its 11 signatories—Australia, Canada, Japan, Mexico, novel Zealand, and Singapore. It will subsist one of the world’s largest trade agreements, accounting for roughly 13.5 percent of the world’s total economy.REF While some countries are still trying to persuade the U.S. to relate since President Trump withdrew the U.S. from the trading obscure in 2017, Taiwan has had difficulties joining on its own.REF Taiwan very much wants to relate the CPTPP.REF However, CPTPP members own been reluctant to support Taiwan’s ascension and risk angering Beijing.REF

    Ironically, many of the CPTPP members espy the deal as a estimable desultory to counter markets where there has been government interference—such as in the industries in which China’s larger state-owned enterprises (SOEs) are heavily invested. However, a flaw of the CPTPP is its want of a comprehensive application to address SOE privatization and ensure dispassionate competition between SOEs and private companies. Other analysts espy the CPTPP as a desultory to compete with the Regional Comprehensive Economic Partnership (RCEP)—a separate trade obscure that is commonly cited as being a Chinese-led trade deal (despite it actually being ASEAN-led), and is another deal that Taiwan has tiny desultory of joining.

    As other countries in the Asia–Pacific continue to sign novel trade deals, these lower tariffs and reductions in non-tariff barriers give them a competitive edge over countries, including WTO members, that are not a fraction of the deal and continue to maintain higher barriers. Taiwanese manufacturers are worried about the losses they countenance from the novel deals being made by regional competitors in South Korea and Japan.REF Free trade deals can besides give self-possession to cross-border investors. While these other countries economically unravel their dependence on China, Taiwan’s economy has increasingly become more dependent on China.REF

    Taiwan’s Economic Dependence on China

    Beijing is increasingly trying to win the heart—and wallets—of the Taiwanese. Over the past 15 years, Taiwan’s economy has increasingly become more dependent on trade with, and investment in, China. In 2003, China overtook the U.S. as Taiwan’s largest trading partner. Taiwan now trades twice as much a year with China than it does with the United States. Taiwan’s total trade with China was $139 billion in 2017. Trade with China now makes up almost 25 percent of totality of Taiwan’s total trade.

    BG3365 Chart 1

    Taiwan, relish many other developed market economies in the Asia–Pacific region, is desperate to find novel areas of growth. For many countries, both developed and developing, that growth has increasingly been institute in China. Taiwan invests as much in China as it does in totality other countries combined. Chinese investment in Taiwan has significantly increased over the past decade as well, albeit from a low base. Chinese investment in Taiwan in 2017 was above $265 million, compared to just $37 million in 2009.

    BG3365 Chart 2

    In 2010, Beijing and Taipei signed a trade deal to reduce tariff and non-tariff barriers, known as the Economic Cooperation Framework Agreement. However, Taipei questioned Beijing’s right intent, there were concerns about the deal’s sustainability and transparency, and later because of a breakdown in contact between the two sides, besides substantial “early harvest” provisions benefiting trade in goods and a few other details, the deal never went into replete effect. A refusal by Taipei to sign oversight legislation left the deal only partly fulfilled.

    In 2018, Beijing began a novel approach. The Taiwan Affairs Office in China’s State Council initiated a program commonly referred to as “31 measures.”REF The program is billed as a way to extend economic and cultural exchanges between “compatriots” across the straits. On the surface, these measures ambit from encouraging economic cooperation as well as social cohesion. Measures involve easing investment barriers and offering benefits for the families of those who wish to work in China. For example, Taiwan-funded enterprises are granted land exercise in the identical way as mainland enterprises. Taiwanese citizens are besides eligible for various cultural awards and honors.

    But underneath the surface, it is lucid that Beijing is offering economic incentives in order to extend Taiwan’s economic dependence, gain influence in Taipei, and secure novel technology. Xiamen, a city in Fujian province and right off the shores of Taiwan’s Kinmen Island, quickly followed suit by introducing a similarly structured “60 measures” program.REF Other provinces, such as Shandong, own followed suit as well. Taiwan’s Executive Yuan—the executive branch of Taiwan’s government—wary of these efforts, responded with its own program to attract and retain Taiwanese domestic investment.REF

    Given Taiwan’s plot as a leader in advanced manufacturing, such as in its production of semiconductors, it is a prime target for Beijing’s “Made in China 2025” initiative as well.REF Beijing wants to become the world’s leader in advanced manufacturing. And it wants to lead the world in 10 unique sectors, including robotics, medical devices, transportation, and information technology. It is why one of the top initiatives of Beijing’s 31 measures is encouraging Taiwanese investment to befriend develop the Made in China 2025 policy.

    U.S.–Taiwan Economic Relations

    For the past 30 years, the U.S. and Taiwan own had a significant economic relationship through strong trade and investment. In 2017, the U.S. and Taiwan traded $87 billion worth of goods and services, making it America’s 12th-largest trading partner.

    BG3365 Chart 3

    Cross-border investment between the U.S. and Taiwan was more than $1 billion in 2017. Companies relish Amazon, IBM, Microsoft, and Yahoo own plans to invest in ersatz intelligence progress in Taiwan.REF But the levels of bilateral investment are not reciprocal. Taiwanese companies invest almost four times as much in the U.S. as American companies invest in Taiwan. Taiwanese investment in the U.S. was $837 million in 2017. This trend will likely continue to extend over the next few years given an announcement by Taiwanese company Foxconn to invest $10 billion in production facilities in Wisconsin.REF

    The Taiwanese are investing in more than American production. Taiwan is the third-largest Asian investor in U.S. long-term securities. Taiwanese individuals own purchased over $576 billion in U.S. debt.REF Taiwan is besides an increasingly significant licensor of U.S. intellectual property (IP). In 2016, U.S. companies made over $4.5 billion in IP revenue from Taiwan.

    BG3365 Chart 4

    Taiwan’s total trade and investment supports more than 322,000 American jobs, according to the Taipei Economic and Cultural Representative Office in the U.S.REF Taiwanese investment supports 107,000 American jobs and more than 215,000 jobs from U.S. exports of goods and services to Taiwan. These numbers accomplish not involve the thousands of jobs that are created and supported in America by the imports of goods and services from Taiwan—adding value to U.S. manufacturing and supply chains. The value of trade with Taiwan adds more than $30 billion worth of capitalize to the goods and services consumed by Americans.

    There are still some barriers to trade and investment between the U.S. and Taiwan. While the U.S. has a Trade and Investment Framework Agreement (TIFA) with Taiwan to hash these issues out, the U.S. has not held TIFA talks with Taiwan since 2016.

    BG3365 Chart 5

    Yet since those last consultations in 2016, Taiwan has actually become more economically free than the U.S. The U.S. has a total economic freedom score of 75.7 out of 100, as measured by The tradition Foundation’s Index of Economic Freedom. Over the past decade, the economic freedom of Taiwan has been increasing while the economic freedom in the U.S. has been decreasing. Today Taiwan has an overall score of 76.6 out of 100—placing it in the category of “mostly free.”REF Taiwan has strong property rights, limited government spending, and estimable business freedom. But it besides has weak labor freedom, judicial effectiveness, and financial freedom.

    Taiwan’s individual scores for trade and investment freedoms are below those of the U.S. but are still relatively high. Already Taiwan’s average tariff rate of 6 percent is low compared to international standards.REF Non-agricultural tariffs average about 4 percent while agricultural tariffs average about 16 percent.

    The number of novel tariffs the Trump Administration has attach in plot since 2017 constitute an assault on Americans’ freedom to trade. And Taiwan has institute itself caught in the middle of a number of trade disputes that own arisen. Since the birth of 2017, companies in Taiwan own been at risk of being subject to direct costs through the extend of tariffs on solar panels and steel. There are potential indirect costs, too, as companies respond to tariffs on Chinese imports to the U.S. Taiwan relies on a diverse global trading system, often benefiting from both U.S. innovation and Chinese manufacturing.

    Despite having to deal with the novel cost of tariffs, Taiwan has a history of making procurement trips to the U.S. under self-initiated “buy American” trips, particularly for agricultural products. Just last year, a delegation signed deals to export up to $3 billion worth of U.S. corn, soybean, wheat, and other grain.REF Taiwan plans to extend its purchases of soybeans by a third until the halt of 2019.REF While government-led procurement trips tend to own market-distorting effects, this meaningful gesture helps American soybean farmers, who own besides been caught in the middle of a trade dispute between the White House and Beijing. American soybean farmers own lost both profit and market share in China, and Taiwanese investors own stepped up to support them.

    Establishing a U.S.–Taiwan Economic Dialogue

    Currently, the U.S. has an economic working group, a high-level economic dialogue, a free trade agreement, or intentions to enter into trade negotiations with any number of its economic partners in the Indo–Pacific, including Australia, Singapore, South Korea, and Japan. Since 1995, the TIFA has traditionally been a meeting of senior U.S. and Taiwanese government officials to contend outstanding bilateral trade issues. The talks own recently been held at the Deputy Secretary even under the auspices of the American Institute in Taiwan—the unofficial instrument of America’s relationship with Taiwan.REF

    However, the U.S.–Taiwan TIFA talks own a history of being postponed over specific trade disputes. When the U.S. and Taiwan accomplish meet next, the meeting would want the authority to pursue larger, more comprehensive initiatives. This is why the White House needs to re-engage with Taiwan by establishing a novel high-level economic dialogue much relish the one between the U.S. and Japan that is capable of overriding political obstacles.

    A Framework. In early 2017, President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to launch a novel high-level economic dialogue.REF That year, the two sides reaffirmed the significance of deepening trade and investment opportunities, and pledged to explore ways to promote trade, economic growth, and higher industrial standards in the Asia–Pacific.

    Much relish the dialogue with Japan, a U.S.–Taiwan economic dialogue would pursue mutually beneficial opportunities for economic growth and job creation. It would hunt to abolish existing tariffs and non-tariff barriers. It would besides hunt novel areas in which U.S. and Taiwanese businesses own greater opportunities for investment.

    Taiwan shares many of the identical priorities as the U.S. and Japan, and is therefore an considerable relationship to grow. The U.S.–Taiwan economic dialogue can easily subsist built with a framework similar to the U.S.–Japan dialogue.REF This includes focusing on three areas of interest: (1) a strategy for edifice trade and investment rules and addressing disputes; (2) cooperation on economic and structural policies; and (3) sectoral cooperation.

    There are still plenty of issues that requisite to subsist worked out between the U.S. and Taiwan. The Office of the U.S. Trade Representative highlights its concerns over Taiwan’s handling of agricultural and farm imports in its regular report on alien trade barriers.REF This includes addressing limits on the imports of American beef and pork. There are besides issues regarding trade and labeling requirements. Other concerns involve barriers to financial services and investments in agricultural production, chemical manufacturing, and health care. American businesses in Taiwan own besides highlighted concerns over energy availability, labor requirements, and regulatory practices. Many of the issues simply highlight not just inconsistency with U.S. or international standards but a want of transparency and steady implementation of regulatory requirements.REF

    Areas for Cooperation. The U.S.–Taiwan economic dialogue would subsist wasted if it did not identify areas for cooperation. The dialogue should subsist a way to present investors and countries alike that the U.S. supports economic appointment with Taiwan. In addition, the two countries should subsist willing to collaborate in areas of progress across Southeast Asia, which would subsist in line with Taiwan’s novel Southbound Policy to expand cooperation in South and Southeast Asia. This includes working together to counter other countries’ unfair influence, market distortions, and illicit activities.

    One district of cooperation is in the fostering of innovation for the digital economy. This is something that was supported by the American Institute in Taiwan and the National progress Council. Every day more people across Asia connect via the Internet, using cell phones for communication and financial purchases. Soon, it will subsist more than just people that are connected and communicating as countries in Asia glare to build greater networked systems. The U.S.–Taiwan economic dialogue can build on the work that is already a fraction of the Digital Economy Forum—a bilateral exchange between the U.S. and Taiwan on ways to promote electronic commerce.REF This cooperation can befriend set standards and norms across Southeast Asia.

    A number of countries in Asia still own restrictions on where, and how much, private companies may invest. According to the USTR trade barriers report, both the U.S. and Taiwan agreed to explore the possibility of re-establishing the Investment Working Group under the TIFA. The U.S. should work toward increasing investment opportunities, such as in electronic commerce. However, there are increasing regulations in Asia that favor alien companies to invest more in edifice local computing facilities or require the transfer of source code. While there should subsist greater cooperation with Taiwan in order to counter other countries’ unfair trading practices, including theft or unauthorized duplication of technology, the U.S. besides needs allies that can befriend thrust against this novel wave of digital protectionism.

    A third district for cooperation is energy. Given both the exact for energy in Taiwan, and increased production in the U.S., there has been a significant extend in Taiwan’s purchases of crude oil and petroleum products over the past few years. Taiwan’s state-owned oil and gas company, CPC Corporation, signed a memorandum of understanding to purchase liquefied natural gas from the U.S. for the next 20 years. Again, while a purchase made by a government entity distorts markets, it shows the significance of U.S.–Taiwan trade. The U.S. should hunt to expand opportunities to export energy for Taiwan’s private consumption.

    Addressing novel areas for cooperation should not necessarily retract priority over resolving outstanding issues in the economic dialogue. According to public comments collected by the U.S. International Trade Commission in the late 1980s, “whether or not there is an FTA, the United States and Taiwan requisite a comprehensive trade framework that would hold ‘principles, targets, and dates’ for resolving trade issues.”REF A high-level economic dialogue should serve as laying the groundwork for an FTA as well—just relish the U.S. and Japan announced their upcoming trade deal after a number of economic dialogue meetings.

    Beijing will protest to any novel initiative between the U.S. and Taiwan, whether it is economic or political in nature. But an economic dialogue, even high-level, would Fall well within the boundaries of the U.S.’s traditional one-China policy, consisting of the three U.S.–China communiqués, the Taiwan Relations Act, and Reagan’s Six Assurances. And such a dialogue would subsist a significant precursor to a U.S.–Taiwan FTA. The Taiwan Relations Act states that it is a policy of the U.S. “to preserve and promote extensive, close, and friendly commercial, cultural, and other relations between the people of the United States and the people on Taiwan.”REF As members of the WTO, both the U.S. and Taiwan are allowed to negotiate a free trade agreement.

    Steps for the U.S.

    The U.S. should pursue every chance to promote free-market principles in the Asia–Pacific. The U.S. cannot reasonably pace it solitary if it wants to significantly address other countries’ non-market activities. The U.S.–Taiwan economic relationship is one worth investing in to promote U.S. interests in the region. Therefore, it is considerable that the White house:

  • Establish a high-level economic dialogue between the U.S. and Taiwan. The dialogue should subsist comprehensive, including not just trade issues but non-tariff and 21st-century areas for cooperation.
  • Instruct that the U.S.–Taiwan economic dialogue subsist led by the U.S. Trade Representative and Secretary of Commerce, who will likely subsist met by counterparts on the Taiwan side who are accountable for these issues.
  • Instruct the Deputy USTR Secretary to meet Taiwan’s Deputy Minister of Economic Affairs for the 11th round of the TIFA, in order to pace forward this novel dialogue.
  • Commit the economic dialogue to meet at least once every six months. And, two years after launching the economic dialogue, promulgate plans to commence negotiations for a U.S.–Taiwan FTA under the guidance of the Trade Promotion Authority.
  • Commit, during FTA negotiations, to remove tariffs on steel exports from Taiwan.
  • Conclusion

    Low-level U.S.–Taiwan economic talks are often postponed because of unnecessary politics. The U.S. wants the removal of barriers to the import of beef. But Taiwan does not want to tender something for nothing. It is time for both sides to pace past ultimatums and single issues. The novel dialogue should subsist established without any preconditions other than a replete commitment to liberalize trade and investment.

    Congress has been supportive of the U.S.–Taiwan relationship, and officials in Taiwan are hopeful for a novel round of TIFA talks since the USTR Deputy Secretary position has been filled. Both the governments in Washington and Taipei should strive to build self-possession for U.S. and Taiwanese businesses, reduce uncertainty, and provide greater opportunities for trade and investment.

    —Riley Walters is Policy Analyst in the Asian Studies Center, of the Kathryn and Shelby Cullom Davis Institute for National Security and alien Policy, at The tradition Foundation.



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