5DGLDO9HORFLW\_7KH3ODQHWDU\6RFLHW\
$ERXW8V

3UHVV5RRP

5HVRXUFH/LEUDU\

6KRS &RQWDFW8V

(QWHU\RXUVHDUFKWH[W

0HPEHU
&HQWHU
/2*,1

(PSRZHULQJWKHZRUOG
VFLWL]HQVWRDGYDQFHVSDFHVFLHQFHDQGH[SORUDWLRQ

([SORUH

&RQQHFW

%ORJV

0XOWLPHGLD

*HW,QYROYHG

%HFRPHD0HPEHU

'RQDWH

([SORUH
+RPH([SORUH6SDFH7RSLFV([RSODQHWV

5DGLDO9HORFLW\
7KH)LUVW0HWKRGWKDW:RUNHG
7KHUDGLDOYHORFLW\PHWKRGDOVRNQRZQDV'RSSOHUVSHFWURVFRS\LVWKHPRVWHIIHFWLYHPHWKRG
IRUORFDWLQJH[WUDVRODUSODQHWVZLWKH[LVWLQJWHFKQRORJ\7KRXJKRWKHUDSSURDFKHVKROGJUHDW
SURPLVHIRUWKHIXWXUHWKHYDVWPDMRULW\RI([RSODQHWVGLVFRYHUHGVRIDUZHUHGHWHFWHGE\WKLV
PHWKRG
7KHUDGLDOYHORFLW\PHWKRGUHOLHVRQWKHIDFWWKDWDVWDUGRHVQRWUHPDLQFRPSOHWHO\VWDWLRQDU\
ZKHQLWLVRUELWHGE\DSODQHW,WPRYHVHYHUVRVOLJKWO\LQDVPDOOFLUFOHRUHOOLSVHUHVSRQGLQJ
WRWKHJUDYLWDWLRQDOWXJRILWVVPDOOHUFRPSDQLRQ:KHQYLHZHGIURPDGLVWDQFHWKHVHVOLJKW
PRYHPHQWVDIIHFWWKHVWDU
VQRUPDOOLJKWVSHFWUXPRUFRORUVLJQDWXUH,IWKHVWDULVPRYLQJ
WRZDUGVWKHREVHUYHUWKHQLWVVSHFWUXPZRXOGDSSHDUVOLJKWO\VKLIWHGWRZDUGVWKHEOXHLILWLV
PRYLQJDZD\LWZLOOEHVKLIWHGWRZDUGVWKHUHG

,Q7KLV6HFWLRQ
3URMHFWV
6SDFH7RSLFV
6SDFH0LVVLRQV
&RPSDUHWKH3ODQHWV
2XU6XQ
0HUFXU\
9HQXV
2XU0RRQ
(DUWK
0DUV
2XWHU3ODQHWV
3OXWR
V1HLJKERUKRRG
$VWHURLGVDQG&RPHWV
0DMRU0RRQV
([RSODQHWV
/LIHLQWKH8QLYHUVH
&LWL]HQ6FLHQFH
6SDFH,PDJLQJ

5HVRXUFH/LEUDU\
)RU.LGV
6%UXQLHU(62

7KH3ODQHWDU\5HSRUW

7KHPHWHUWHOHVFRSHGRPHLQ/D6LOOD&KLOH
7KLVWHOHVFRSHZDVXVHGWRPHDVXUHWKHUDGLDOYHORFLW\RIQXPHURXVH[RSODQHWVGLVFRYHUHGWRGDWH

8VLQJKLJKO\VHQVLWLYHVSHFWURJUDSKVSODQHWKXQWHUVRQ(DUWKFDQWUDFNDVWDU
VVSHFWUXP
VHDUFKLQJIRUSHULRGLFVKLIWVWRZDUGVWKHUHGEOXHDQGEDFNDJDLQ7KHVSHFWUXPDSSHDUVILUVW
VOLJKWO\EOXHVKLIWHGDQGWKHQVOLJKWO\UHGVKLIWHG,IWKHVKLIWVDUHUHJXODUUHSHDWLQJWKHPVHOYHV
DWIL[HGLQWHUYDOVRIGD\VPRQWKVRUHYHQ\HDUVLWPHDQVWKDWWKHVWDULVPRYLQJHYHUVR
VOLJKWO\EDFNDQGIRUWKWRZDUGVWKH(DUWKDQGWKHQDZD\IURPLWLQDUHJXODUF\FOH7KLVLQWXUQ
LVDOPRVWFHUWDLQO\FDXVHGE\DERG\RUELWLQJWKHVWDUDQGLILWLVRIDORZHQRXJKPDVVLWLV

KWWSZZZSODQHWDU\RUJH[SORUHVSDFHWRSLFVH[RSODQHWVUDGLDOYHORFLW\KWPO

-2,17+(
3/$1(7$5<62&,(7<





5DGLDO9HORFLW\_7KH3ODQHWDU\6RFLHW\
FDOOHGDSODQHW
7KHVXFFHVVRIWKLVPHWKRGZDVPDGHSRVVLEOHE\WKHGHYHORSPHQWLQUHFHQW\HDUVRI
H[WUHPHO\VHQVLWLYHVSHFWURJUDSKVZKLFKFDQGHWHFWHYHQYHU\VOLJKWPRYHPHQWVRIDVWDU7KH
VSHFWURJUDSKXVHGE\*HRII0DUF\
VWHDPRISODQHWKXQWHUVFDQGHWHFWDVWDUPRYLQJDVVORZ
DVPHWHUVSHUVHFRQG,WLVQRFRLQFLGHQFHWKDWWKLV8&%HUNHOH\EDVHGWHDPLVUHVSRQVLEOH
IRUWKHGLVFRYHU\RIRYHUKDOIRIWKHH[WUDVRODUSODQHWVNQRZQWRGDWH

$GYDQWDJHV
,W
VKDUGWRDUJXHZLWKVXFFHVV5DGLDOYHORFLW\ZDVWKHILUVWVXFFHVVIXOPHWKRGIRUWKHGHWHFWLRQ
RIH[RSODQHWVDQGLVUHVSRQVLEOHIRULGHQWLI\LQJKXQGUHGVRIIDUDZD\ZRUOGV,WLVVWLOOWKHPRVW
HIIHFWLYHPHWKRGIRUGHWHFWLQJH[RSODQHWVIURP(DUWK

'UDZEDFNV
,WLVDIXQGDPHQWDOIHDWXUHRIWKHUDGLDOYHORFLW\PHWKRGWKDWLWFDQQRWDFFXUDWHO\GHWHUPLQHWKH
PDVVRIDGLVWDQWSODQHWEXWRQO\SURYLGHDQHVWLPDWHRILWVPLQLPXPPDVV7KLVLVDVHULRXV
SUREOHPIRUSODQHWKXQWHUVEHFDXVHPDVVLVWKHOHDGLQJFULWHULRQIRUGLVWLQJXLVKLQJEHWZHHQ
SODQHWVDQGVPDOOVWDUV6RPHDVWURQRPHUVEHOLHYHWKDWDWOHDVWVRPHRIWKHSODQHWVGHWHFWHG
E\VSHFWURVFRS\DUHQRWSODQHWVDWDOOEXWYHU\ORZPDVVVWDUV
7KHVRXUFHRIWKLVWURXEOHZLWKUDGLDOYHORFLW\LVWKDWWKHPHWKRGFDQRQO\GHWHFWWKHPRYHPHQW
RIDVWDUWRZDUGVRUDZD\IURPWKH(DUWK7KLVLVQRWDSUREOHPLIWKHRUELWDOSODQHRIWKHGLVWDQW
SODQHWDU\V\VWHPDSSHDUVHGJHRQZKHQREVHUYHGIURPWKH(DUWK,QWKDWFDVHWKHHQWLUH
PRYHPHQWRIWKHVWDUZLOOEHWRZDUGVRUDZD\IURPWKH(DUWKDQGFDQEHGHWHFWHGZLWKD
VHQVLWLYHVSHFWURJUDSK7KHPDVVRIWKHSODQHWGHULYHGIURPWKLVPRYHPHQWZLOOLQWKLVFDVH
EHIXOO\DFFXUDWH
,IKRZHYHUWKHRUELWDOSODQHRIWKHSODQHWLVIDFHRQZKHQREVHUYHGIURPWKH(DUWKWKHHQWLUH
ZREEOHRIWKHVWDUZLOOEHSHUSHQGLFXODUWRDQREVHUYHU
VOLQHRIYLVLRQ:KLOHWKHVWDUPD\PRYH
VLJQLILFDQWO\ZLWKLQWKHRUELWDOSODQHQRSDUWRILWVPRYHPHQWZLOOEHWRZDUGVRUDZD\IURPWKH
(DUWK1RVSHFWUXPVKLIWZLOOEHGHWHFWHGDQGWKH(DUWKERXQGREVHUYHUZLOOUHPDLQLJQRUDQWRI
WKHSUHVHQFHRIDSODQHWRUELWLQJWKHVWDU

2XU&XULRVLW\.QRZV1R
%RXQGV
%HFRPHDPHPEHURI7KH3ODQHWDU\
6RFLHW\DQGWRJHWKHUZHZLOOFUHDWHWKH
IXWXUHRIVSDFHH[SORUDWLRQ

-RLQ8V

/LJKW6DLO)OLJKWE\/LJKW

6XSSRUW/LJKW6DLO
/LJKW6DLOZLOODWWHPSWWRGHPRQVWUDWH
FRQWUROOHGVRODUVDLOLQJIOLJKWE\OLJKW
IRU&XEH6DWVWLQ\ORZFRVWVDWHOOLWHV
,Q7KH3ODQHWDU\6RFLHW\V
/LJKW6DLOSURJUDPZLOOWDNHWKH
WHFKQRORJ\DVWHSIXUWKHU

,ZDQWWRKHOS
H[RSODQHWVRUJ

7KHUDGLDOYHORFLW\JUDSKRI3HJDVL
3HJDVLZDVWKHILUVWH[RSODQHWGHWHFWHGDQGFRQILUPHG7KHSRLQWVRQWKHJUDSKLQGLFDWHDFWXDO
PHDVXUHPHQWVWDNHQ7KHVLQXVRLGLVWKHFKDUDFWHULVWLFVKDSHRIWKHUDGLDOYHORFLW\JUDSKRIDVWDU
URFNLQJWRWKHWXJRIDQRUELWLQJSODQHW

,QPRVWFDVHVDGLVWDQWSODQHW
VRUELWDOSODQHLVQHLWKHUHGJHRQQRUIDFHRQZKHQREVHUYHG
IURPWKH(DUWK0RVWOLNHO\LWLVWLOWHGDWVRPHDQJOHWRWKHOLQHRIVLJKWZKLFKLVXVXDOO\
XQNQRZQ7KLVPHDQVWKDWDVSHFWURJUDSKZRXOGQRWGHWHFWWKHIXOOPRYHPHQWRIWKHVWDUEXW
RQO\WKDWFRPSRQHQWRILWVZREEOHWKDWPRYHVLWWRZDUGVWKH(DUWKRUDZD\IURPLW1RZWKH
PDVVRIWKHVXVSHFWHGSODQHWLVGLUHFWO\SURSRUWLRQDWHWRWKHVWDU
VDFWXDOZREEOH,IDVLV
XVXDOO\WKHFDVHRQO\DSRUWLRQRIWKLVZREEOHLVGHWHFWHGWKHQWKHPHDVXUHGPDVVZLOOEH
ORZHUWKDQWKHWUXHRQHDQGSURYLGHRQO\DPLQLPXPILJXUHIRUWKHSODQHW
VPDVV
7KHSRUWLRQRIDGLVWDQWSODQHW
VPDVVWKDWLVGHWHFWDEOHLVGHWHUPLQHGE\LWVRUELWDOSODQHZKHQ
REVHUYHGIURP(DUWK,IWKHDQJOHRILQFOLQDWLRQIURPWKHIDFHRQSRVLWLRQLVLWKHQWKH
FRPSRQHQWZKLFKLVLQOLQHZLWKWKH(DUWKLVJLYHQE\6LQL7KHPDVVRIWKHSODQHWDVGHWHFWHG
IURP(DUWKLVWKHUHIRUHJLYHQE\0 6LQL,ILLVODUJHLHWKHV\VWHPLVFORVHWRDQHGJHRQ
SRVLWLRQWKHQWKHGHULYHGILJXUHLVFORVHWRWKHWUXHRQH%XWLILLVVPDOODQGWKHV\VWHPLVLQ
IDFWFORVHWRDIDFHRQSRVLWLRQWKHQWKHWUXHPDVVRIWKHSODQHWLVPXFKODUJHUWKDQWKH

KWWSZZZSODQHWDU\RUJH[SORUHVSDFHWRSLFVH[RSODQHWVUDGLDOYHORFLW\KWPO





5DGLDO9HORFLW\_7KH3ODQHWDU\6RFLHW\
HVWLPDWH
2QO\UDUHO\GRDVWURQRPHUVNQRZDSODQHWDU\V\VWHP
VWUXHDQJOHRILQFOLQDWLRQ7KLVOHDYHV
RSHQWKHSRVVLELOLW\WKDWDWOHDVWVRPHRIWKHREMHFWVGHWHFWHGDUHWRRPDVVLYHWREHWUXH
SODQHWV
$QRWKHUGUDZEDFNRIWKHUDGLDOYHORFLW\PHWKRGLVWKDWLWLVPRVWOLNHO\WRILQGWKHW\SHVRI
SODQHWVWKDWDUHWKHOHDVWOLNHO\WREHKRVWVWROLIH(DUO\RQPRVWRIWKHSODQHWVGHWHFWHGE\
VSHFWURVFRS\ZHUHRIDW\SHNQRZQDPRQJVFLHQWLVWVDVKRW-XSLWHUV7KHVHDUHJLDQWSODQHWV
FRPSRVHGPRVWO\RIJDVVLPLODUWRRXUQHLJKERU-XSLWHUEXWRUELWLQJDWGL]]\LQJVSHHGVDWD
YHU\VKRUWGLVWDQFHIURPWKHLUVWDU7KHLUVL]HVKRUWSHULRGVDQGFORVHSUR[LPLW\WRWKHLUVWDU
HQVXUHVWKDWWKH\SURGXFHWKHTXLFNDQGUHODWLYHO\ODUJHVWHOODUZREEOHVWKDWDUHPRVWHDVLO\
GHWHFWHGE\VSHFWURVFRS\&RROHUSODQHWVRUELWLQJIXUWKHUDZD\SURGXFHPRUHPRGHUDWHZREEOHV
LQWKHLUKRPHVWDUDQGWDNH\HDUVWRFRPSOHWHHDFKRUELWIDFWRUVZKLFKPDNHWKHPPXFK
KDUGHUWRGHWHFWZLWKVSHFWURVFRS\
%XWZKLOHKRW-XSLWHUVDUHUHODWLYHO\HDV\WRILQGWKH\DUHXQOLNHO\KRPHVWRDQ\IRUPRIOLIHDV
ZHNQRZLW(YHQZRUVHWKHLUSUHVHQFHDWWKHFHQWHURIDSODQHWDU\V\VWHPPDNHVLWOHVVOLNHO\
WKDWPRUH(DUWKOLNHSODQHWVKDGVXUYLYHGLQWKHLUQHLJKERUKRRG,QRWKHUZRUGVZKLOHWKH
GLVFRYHULHVPDGHZLWKVSHFWURVFRS\HVWDEOLVKHGWKHSUHVHQFHDQGSUHYDOHQFHRISODQHWV
RXWVLGHRXU6RODU6\VWHPPRVWRIWKHV\VWHPVGHWHFWHGZLWKWKLVPHWKRGDUHYHU\XQOLNHO\
DERGHVIRUOLIH

)O\WRDQ
$VWHURLG

-RLQWKH1HZ0LOOHQQLXP
&RPPLWWHH

7UDYHOWR%HQQXRQWKH
26,5,65([VSDFHFUDIW

/HWVLQYHQWWKHIXWXUHWRJHWKHU

6HQG\RXUQDPH

&RQQHFW:LWK8V
)DFHERRN7ZLWWHU*RRJOHDQGPRUH
&RQWLQXHWKHFRQYHUVDWLRQZLWKRXU
RQOLQHFRPPXQLW\

%HFRPHD0HPEHU

([SORUH

&RQQHFW

%ORJ

0XOWLPHGLD

*HW,QYROYHG

%HFRPHD0HPEHU

)HDWXUHG3URMHFWV

2XU([SHUWV

%LOO1\H

3ODQHWDU\5DGLR

:K\-RLQ"

6SDFH7RSLFV

2XU0HPEHUV

(PLO\/DNGDZDOOD

9LGHR

%HD6SDFH
$GYRFDWH
9ROXQWHHU

5HVRXUFH/LEUDU\

6KDUH<RXU6WRU\

0DW.DSODQ

3RGFDVWV

7KH3ODQHWDU\
5HSRUW

6LJQ8SIRUH1HZV

%UXFH%HWWV

6SDFH,PDJH
/LEUDU\

&DVH\'UHLHU

)RU.LGV

-DVRQ'DYLV

0(58SGDWH

$ERXW8V

$UFKLYH

3UHVV5RRP

5HVRXUFH/LEUDU\

6KRS

&RQWDFW8V

7KH3ODQHWDU\6RFLHW\LVDUHJLVWHUHGFQRQSURILWRUJDQL]DWLRQ

7HUPVRI8VH

7UDYHO

5HQHZ0HPEHUVKLS
*LYH0HPEHUVKLS

-REV

1HZ0LOOHQQLXP
&RPPLWWHH

(YHQWV

3ODQQHG*LYLQJ

&RQWHVWV

2WKHU:D\VWR*LYH

&RS\ULJKW
QRQSURILWVRIWZDUH
'HYHORSHGE\)LUHIO\3DUWQHUV

KWWSZZZSODQHWDU\RUJH[SORUHVSDFHWRSLFVH[RSODQHWVUDGLDOYHORFLW\KWPO