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

Test Code : LOT-956
Test cognomen : IBM LotusNotesDomino 7 Implementing - Administering Security
Vendor cognomen : IBM
: 160 actual 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 actual Questions and Pass4sure dumps

IBM's third quarter unlock of Open Liberty 18.0.0.three facets full 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 breathe minuscule 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 account 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 genesis cadence with the aid of Open Liberty means that you can scan with fresh 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 seize abilities of Open Liberty interactive and static courses. The 15-minute e engage 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 breathe 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 also seize odds of Open Liberty equipment, a collection of lightweight tools for establishing, assembling, and deploying apps to Open Liberty, with any Open Liberty repositories accessible from GitHub.

Open Liberty and OSGi

OSGI is an integral Part 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 expend of OSGi as Part of the runtime implementation, but they don't provide an utility programming mannequin according to OSGi. a astronomical Part of the explanations for this is as a result of they sequel OSGi application support into their commercial product and didn't see a stupendous uptake in dwelling of vanilla Java. It seems that many builders see 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 role desires for each quarterly unencumber of Open Liberty? Is there a main role 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 maneuver a backlog of labor they are doing and they ship the characteristic when capable, instead of on a specific date. They sequel set desires for some characteristic, but even then they don't cease the coach if it can't beget it. Some facets that they now beget set dreams for in the past were the Eclipse MicroProfile releases, they point 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 beget positive it's privilege and the fine is there. Open Liberty releases this year beget included comprehensive support for Java EE 8 and Eclipse MicroProfile 2.0 as well as adding pilot for Spring Boot functions, authentication by means of convivial media providers, OpenID connect, HTTP session failover the expend of JCache suppliers fancy Hazelcast among others.

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

Nottingham: I account there are three issues that beget Open Liberty in reality interesting:

  • We pilot several models of Java EE within the selfsame unlock. That capability you could choose whether to flee Java EE 7 or Java EE eight. You don't appear to breathe compelled to beget the altenative of 1 or the different. you should breathe in control of pitiable ahead. It also skill you greater easily net any of the protection and useful fixes.
  • We beget been designed from the ground up to breathe modular and to pilot a choose and blend for server capabilities. This wasn't retrofitted after the truth. I comprehend it is typical for some americans to assume they'll just seize Tomcat and stuff within the additional Java EE capabilities into their software. however that would not produce the most efficient runtime. there is precise travail to breathe achieved to breathe positive any these technologies travail well and successfully together, and that is what they did with out requiring you to flee everything in every deployed instance.
  • We sequel not coerce configuration or software migration for fresh releases. i sequel know for many people this could appear to breathe contour of boring, but no one likes having to update their code just to expend probably the most coincident version of a downstream dependency. no person likes having to recode their application or re-configure the server simply to Go from one version to one more. It adds friction and takes you far from the vital element - your application. With Liberty, they nevertheless pilot 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 sequel not should recode your applications because they are able to continue to flee them with Java EE 7. i know americans will claim that Java EE 7 and Java EE eight are ahead suitable, however they now beget a list of Java EE 7 -> Java EE 8 migration gotchas and they simply Go away.
  • InfoQ: Is IBM enthralling in the expend of OSGi to build Open Liberty?

    Nottingham: Open Liberty isn't unique in the usage of OSGi. WebSphere natural, Glassfish and Payara any expend it as well, however the mode they expend it is very wonderful. They developed Open Liberty from the ground as much as definitely beget the most OSGi. They expend the modularity layer to: maintain their internals internal to eradicate classpath hell between the runtime and applications; expend the OSGi provider layer (and Declarative capabilities) to breathe inevitable a fast, dynamic and parallel startup so as to delivery promptly, correctly, and lazily; and expend the Subsystem layer to create the conception of features to compose their runtime so that you can simply expend 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 account in transport when capable, now not on a date. bound it isn't any the time possible, however i'd loathe to avow “we are engaged on X for 18.0.0.4,” then beget a conclusion to slip it since it wasn't in a position and then beget 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 beget been a brace of limitations, however Java SE 11 threw some predominant spanners in the works that they need to tackle.
  • Eclipse MicroProfile - we're closely invested in the success of this chore and their point is to free up support for each MicroProfile liberate in their release following theirs. This might issue to breathe a minuscule factor to beget one liner, however there is a entire lot occurring privilege here, together with adding assist for reactive programming models.
  • Jakarta EE - certainly they are very drawn to this scurry and, whereas it is noiseless in growth, their structure group is involved within the discussions and they await 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 net posted to inside methods so you can simplest see the outcomes of a draw request that you sequel up in case you travail for IBM. So they try to scurry the build output so it's publicly visible. They also 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 sequel not cling exclusive rights to them. They nevertheless flee these tests as a result of they give charge 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 authorization to circulate them.
  • Simplify integration into Maven/Gradle builds - they now beget a group of plugins for constructing apps that set up to Liberty today, however they've advanced over 5 years and sequel not supply the simplest user adventure. So we're engaged on simplifying that in a facet challenge they cognomen raise. i am fairly excited about this long run, however's a petite too early to net into details just yet.
  • we beget been very considerate about how to beget Liberty play smartly in Docker/Kubernetes and Cloud Foundry, and proceed to handle these because the environments for which they need a really profitable DevOps experience. They sequel some of this as Part of the style they implement pilot for fresh Eclipse MicroProfile capabilities, however there are different purposeful and usability advancements we're delivering, fancy aiding the forwarded headers for HTTP proxies.
  • increase performance - I net that everyone does this any the time, but they are engaged on some wintry improvements such as an auto-tuned thread pool which works out the highest character variety of threads at runtime. they are planning on tweaking this algorithm to beget it stronger, as well as methods they are able to shrink the measurement of Liberty to beget it even smaller.
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    Seagate and IBM travail collectively to assist reduce global difficult pressure Counterfeiting with Blockchain know-how | killexams.com actual 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 fresh even of multi-layered protection insurance policy to the records administration industry.

    This press unencumber features multimedia. View the entire liberate privilege 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 replace 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 also breathe used to verify the identity of a arduous pressure at any time any over its product lifestyles cycle. Seagate’s certified delete 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 watch at blockchain facts in response to their even of permissioning. any through a product’s existence, know-how providers, provider suppliers, and conclusion users could breathe 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 also breathe extremely valuable in confirming provenance and authenticity of assets,” mentioned Bruce Anderson, international managing director, electronics industry, IBM. “The skill to travail with Seagate to blend blockchain with advanced cryptographic product identification expertise is what sets this travail apart, and indicators blockchain’s skills to reimagine the electronics product being cycle administration methods. Counterfeit electronic components are a worldwide topic that requires an ecosystem-wide endeavor to tackle.”

    The eID and certified delete 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 odds from knowing that a pressure is a actual Seagate product and that any facts on it can also breathe securely erased that can aid purchasers with their efforts to stick to overseas compliance requisites.

    “IBM has a proven heritage of expertise innovation as evidenced via its market management in blockchain technology for product provenance in a variety of industries,” pointed out note 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 chore construction continues during this mixed endeavor to battle global product counterfeiting, Seagate and IBM are looking forward to that they will extend the company community to comprise 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 beget 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 entire bunch of customers throughout financial functions, give chain, govt, retail, digital rights management and healthcare to sequel in coerce 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 endeavor 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 area for the human suffer by innovating how facts is kept, shared and used. breathe taught greater at www.seagate.com. comply with Seagate on Twitter, fb, LinkedIn, Spiceworks, YouTube and subscribe to their weblog.

    © 2018 Seagate expertise LLC. any 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. any other logos or registered emblems are the property of their respective house owners. Seagate reserves the preempt 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 actual Questions and Pass4sure dumps

    Assuming it passes muster -- and there's no rationale to await it won't -- IBM's (NYSE:IBM) introduced buy of pink Hat (NYSE:RHT) for $33 billion will beget 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 breathe paying a 63% top rate from the dwelling 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 breathe a Part 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 full 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 dwelling purple Hat closed on Friday. That sounds fancy a considerable deal, appropriate?

    Emily Flippen: it's.

    Jason Moser: It appears fancy lots.

    Greer: no longer unhealthy. IBM CEO Ginni Rometty says the deal is any about, "resetting the cloud landscape." Emily, I need to net into that here in a minute. the press liberate epigram the deal describes pink Hat as "the area's leading company of open supply cloud utility." in the event you issue on the deal, shares of purple Hat up round forty seven% these days. IBM, down a little. a very profitable 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 bid that, you will breathe aware that crimson Hat shares don't appear to breathe 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 await that to swirl up.

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

    Moser: I account she hit the nail on the pinnacle there. It become a indispensable deal for IBM. they beget now been speaking about IBM sort of just sitting there doing nothing over the past decade, extra or much less, as every other tech commerce they discus looks to breathe flying revise past it. typically, with massive tech agencies fancy this, which are a petite bit greater in accordance with legacy success, you should Go in there and beget a great deal fancy this. it's why it breathe one of these top class, I believe. IBM in fact desires this. They don't want purple Hat to Go looking around and spot if someone desires to up the ante a petite bit. So, they may breathe paying a really weighty 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 assume this in reality tells you everything you need to breathe aware of. in case you issue at the groups, you keep the disparity in the research and structure 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 breathe plowing loads of the cash they beget again into the commerce as a result of they need to preserve primary and maintain advancing. IBM's around 7%, and they're really doing that simply to tread water. and that is the understanding what they've been doing for a long time now.

    to see them beget a astronomical deal fancy this isn't brilliant. I believe purple Hat's a considerable enterprise. the basics are sound. whether IBM truly does anything else in reality first rate with it continues to breathe to breathe viewed.

    Greer: in case you watch at IBM the stock, it hasn't even been treading water. You appear to breathe over the remaining 5 years. Emily, they beget 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 sequel during this market.

    Moser: Yeah, it had the popularity for the longest time of, in case you could not in fact determine what contour of promote it became and how you should definitely breathe 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 profitable 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 beget moved round 20% of their travail to the cloud. Let's simply seize that as their starting element. That leaves round 80% that each one of those several corporations are competing for. IBM and pink Hat can Go 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 expend of pink Hat as a issuer, they are no longer truly purchasing any classification of fabric software. any of the code is already available. in the event that they desired that, they may rather actually Go onto GitHub and copy and paste it. What they're doing is, they're buying purple Hat succor -- the technology, the skills it really is needed to sequel into sequel that. or not it's going to breathe basically enjoyable to see how they compete. you'll word that loads of their rivals definitely expend red Hat.

    What IBM is trying to sequel is announcing, "hello, we're now not going to breathe the great cloud provider that's Amazon web capabilities. but, they are able to as a minimum breathe 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 materiel that each one this know-how is running on. What they're attempting to sequel is net in on the bottom stage of that and seize a watch at to breathe a participant within the space with out necessarily without deliberate 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 account it is where the controversy for this deal comes from. a lot of people see crimson Hat as an innovator, completely open-supply. Any commerce that can beget $2 billion selling whatever it is free is a fine commerce in my e-book.

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

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

    Greer: The historical lifestyle clash. now they beget heard that myth before. I believe back to AOL and Time Warner. they are able to see 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.




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

    Test Code : LOT-956
    Test cognomen : IBM LotusNotesDomino 7 Implementing - Administering Security
    Vendor cognomen : IBM
    : 160 actual Questions

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

    ImageWare Systems, Inc. (OTCQB:IWSY) Q3 2018 Earnings Conference convene 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 profitable afternoon everyone. Thank you for participating in ImageWare Systems Third Quarter financial Results and Corporate Update convene to highlight the company's progress since its ultimate 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 convene for questions.

    Any statements made on this convene 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 sequel so. Any projections of future results of operations should not breathe construed in any manner as a guarantee that such results will, in fact, occur. These projections are topic to change and could vary materially from final reported results.

    For discussion of such risks and uncertainties, gladden see Risk Factors in the ImageWare's Annual Report on contour 10-K for the fiscal year ended December 31, 2017. Its quarterly report on contour 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 dwelling undue reliance on these forward-looking statements, which talk only as of to-date on which they are made.

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

    I'll now swirl the convene over to Wayne Wetherell, CFO. gladden Go ahead.

    Wayne Wetherell

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

    Our quarterly financial results are available in the recently published news release and on the contour 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 selfsame quarter of 2017. The abate was attributable to lower identification project related revenue of approximately $271,000 and lower royalty revenue of approximately $63,000.

    As they abide in the past, their government revenue is topic to significant swings due to the nature of the government project business. indigenous profit for the quarter was $576,000 as compared to $853,000 in the selfsame quarter of 2017. indigenous 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 selfsame quarter in 2017. Net loss per partake 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 swirl the convene over to Jim for the progress update on their commerce strategy.

    Jim Miller

    Thanks, Wayne. profitable afternoon to everybody. And I cherish the chance to talk with you any 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 fancy 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 fresh opportunities that beget near to us since their ultimate call. It's necessary to maintain in intellect that updates and expectations regarding their confederate projects near to you by way of what information and expectations their partners provide to us.

    Our partners construe us what they await at any given time in the life of a project and in the interest of transparency. They partake 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 pitiable parts in several layers of management in any purchasing conclusion particularly one involving fresh 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 confederate 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 confederate 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 argue 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 beget 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 great piece of commerce 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 breathe tested and certified.

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

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

    Our travail continues with one of IBMs largest ISAM customers, ultimate 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 beget 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 beget positive any of their customers know this.

    Second, some customers are hesitant to jump privilege into biometrics, after any it's a astronomical change from over 50-years of passwords and pins. So, two-factor authentication offers an effortless 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 convene it and graduate them to full biometric authentication in one very effortless step and any on the selfsame platform.

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

    Because they beget any these capabilities on the IWS platform, a customer can scurry from two-factor to full 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 selfsame highly scalable authentication enjoyed for a number of years by their government customers such as the situation 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 charge point at the cease 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 competence to market MedClick into this space. In Q2, they also told you that Fujitsu had just commenced its marketing and sales activities to add resellers who will target the habitual 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 breathe used to drive additional sales.

    Turning to their partners at Contactable, they beget executed a 5-year license agreement with them and tomorrow you will see an announcement about their fresh product for on-boarding which is based on their agreement with them. This is not only fills a pocket 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 fresh product, they can offer confident assurance that the individual who enters their customers database has their identity validated against the government issued ID. They could also offer customers the service of a digital vault to biometrically protect necessary documents and to facilitate digital transaction, any of this seamlessly integrated into their GoVerifyID product.

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

    This identity can breathe created face-to-face in a brick & mortar location or done mobile'ly via expend of a smart device. They are already engaged in several exciting discussions about its expend and you will breathe hearing a lot more from us about this exciting fresh product. In their ultimate call, they also talked about a fresh 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 beget been selling into.

    We are at travail with several companies in this space ForgeRock among them and here we're also completing an exciting fresh product that will travail to add biometric and device authentication in the IoT space. You'd breathe 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 breathe used for structure the next generation identity management system for the Canadian government.

    Work has started on that project and there will breathe revenues in this quarter. We're also pleased that IBM has asked us to account other opportunities where they can sell in market other IWS products alongside of them as well. Some of you may beget 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 project is to comprise 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 project to breathe selling Fujitsu's Software as a service solution. They continue to create fresh technology and improve their existing technology. As they do, they continue to file fresh patents around their fresh innovations.

    Most recently, they beget created fresh and exciting advances in two-factor authentication which will breathe -- they will breathe introducing early next year and for which they beget patent applications in the works. They beget 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 selfsame platform. So, when a customer wants an upgrade, they can Go 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 commerce model. So, they assume their strategy --. For the Fujitsu Forum event held ultimate week in Munich, Germany, Fujitsu integrated their biometric technology into their blockchain product. Their R&D folks beget near up with a considerable fresh way to more efficiently expend biometrics in the blockchain arena and they filed a fresh patent on this fresh technology.

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

    As many of you know, Arizona was their initial customer many years ago and we're very supercilious to breathe able to offer 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 also growing but as I'm positive you any recognized, the entire process is not as simple as flipping-on a light switch and as we've any seen, the process takes time.

    Every project that they beget been and will travail on, progresses at its own space but it is progressing. In fact, things are significantly different in the ultimate nine months. Prior to that time, they were attempting to beget 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 breathe their confederate 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 beget been their sales front and they are now seeing a totally different reaction at a higher even by potential customers. Their partners beget had some early successes. They and they see major successes developing, significant strides beget 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 necessary for me to remind any of you that the process they seize with each and every confederate is unique to that specific partner. Each confederate has its own set of objectives, market forces and processes that need to breathe navigated internally prior to ever going to market. Sometimes these processes especially those that involved very great companies scurry at a glacial pace. But I remind you they are any in fact morning and pitiable towards very great markets.

    I would also fancy to note that throughout the year to-date, we've increased their sales with partners. At the cease of the ultimate few months, we've closed 11 fresh deals for their GoVerifyID product in addition to significant fresh orders for Cloud ID and law enforcement products. The fact that the cease of nine months, they closed the total of 12 fresh 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 any of their orders for the first three quarters are fresh commerce deals.

    Now, I'd fancy to swirl their convene over to their operator to commence the question and respond 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 fancy cadence on when that will breathe recognized as revenue?

    Wayne Wetherell

    Yes, there is. Hi Greg, thanks for the question. Yes, they were obviously pleased that it was the number fancy $4.5 million and that's a profitable month or a profitable 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 see 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 intend to say.

    So, they beget 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 breathe starting to recognize in Q4. The other, where various GoVerifyID projects that they beget out as I said in my remarks, they beget 12 GoVerifyID deals that they beget done. So, we're out selling the product. It moves at various stages, folks scurry to implement differently.

    Good instance 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' epigram they beget an agreement, in some of these cases they've even paid an advance 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 petite bit different in the way that the customer and they beget to navigate.

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

    Unidentified Analyst

    Great, that's a lot of profitable 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 any the comfort 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 beget a number of banks located in Mexico and opportunities in that country that were rapidly trying to net to closure. There is a need for the product, negotiations are never easy, if any kindhearted a lot of paperwork involved in dealing with institutions fancy financial institutions. But there is I assume some understanding for optimism that there will breathe 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 also a handful of them, decent sized profitable banks in terms of size that had not availed themselves of that. So, that's really the chance there is to breathe able to offer those folks the competence to near into compliance in time for the cease of February 2019 deadline. So, they are as I said we're red on the trail there on privilege in the middle of those discussions.

    Unidentified Analyst

    Got it. And then, it was considerable to see 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 fancy personal changes and the addition there?

    Jim Miller

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

    It's always very helpful to breathe able to talk in someone's indigenous language and breathe understood. So, that’s been terrific. And in Part of his responsibility is to shepherd this global agreement that we've had under discussion with Fujitsu for some time and they continue to beget 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 beget to navigate it no matter how frustrating it might breathe and believe me some days it is.

    But fresh people near in and they need to net up the speed. That's just Part of any of their lives, things change, they need to adapt. But it's I assume going very well. In addition to that though, not just with in terms of Fujitsu, they are making I assume really profitable progress with their fresh confederate at Two-Five who they also announced, in going into some additional opportunities with companies fancy Hitachi for instance which is an existing customer of Two-Five.

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

    Unidentified Analyst

    Yes, that's really profitable to hear. I guess one ultimate one from me and maybe it is a petite early noiseless but regarding the in the fresh IBM, I intend in Canada, with these are you [going to] see chance for more expansion with IBM following the recent succor that you gave in on the government contract win?

    Jim Miller

    Yes, I do. I'm optimistic. I assume they any 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 travail 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 net better acquainted with them because people beget changed chairs over the years as you would imagine but also a considerable chance I assume for us and for them to net better acquainted with what they do.

    There's a drift I assume when you're just working on one project, I assume maybe that's any the other person actually can do. And I assume they were able to flaunt that we’ve got a pretty wide variety of products that would breathe applicable in other used cases in the IBM world. So, they beget started those conversations about ways that the companies can travail together and leverage each other’s strengths, IBM’s of course is considerable and, yes I do, I'm optimistic that we'll see some results from that. There's interest on both sides. So, it's a considerable dwelling 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 beget already been answered. Just as a universal remark where you've been going on. It's pretty pellucid from the first quarter of this year that we've made tremendous progress in expanding their pipeline of any partners and actual cease users which I assume something we've any 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 fancy privilege at the inclination point of major salesman up to that, congratulations. Having said that, I prodigy if two things, I prodigy if you could remark on the departure of Jason Bradley and something you could talk about.

    And secondly, I would -- if you would Go back over, what sounds to me fancy a huge opportunity, the fresh ID product that you beget --

    Jim Miller

    Okay, thank you, two profitable questions. Jason Bradley was the senior executive in Fujitsu, in the group that they worked with here in the Americas. He has decided to cease his service at Fujitsu and seize up with a fresh 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 actual 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 intellect 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 net to breathe a $45 billion $50 billion global powerhouse of the company with only one person to depend on. And so, fancy any profitable companies who beget been in commerce for 50, 60, 70 years and prospered. There is a abysmal bench, they are in the process of pitiable to a fresh group whose purpose will breathe to specifically sell cloud service product which they assume is terrific. And we're excited by that.

    So, always tough to lose a valued confederate and a very smart guy. But life will Go on and so were we. And I sequel not assume that their partnership with Fujitsu will suffer. I assume that in fact they will breathe now seeing the expansion of it, as they sequel some things fancy for instance putting in blockchain; putting their biometrics into the Fujitsu blockchain product; and a profitable safe way to what you asked secondarily and that's their fresh product.

    We are as a world going through an improbable digital transformation and so tomorrow they will advertise the fresh product that will breathe indeed aptly convene the digital identity transformation platform. That's a mouthful really it'll just integrate with GoVerifyID. But the entire ideas is here that we're finding that as you Go along and you present your biometric product, people want to know before they sequel your biometrics in the system that you're really you.

    Because assume about it, if they net the wrong person, they net a fraudster in the system, pretending to breathe someone else and therefore the biometrics Go in, you beget kindhearted of poisoned the system at the net go. So, there has a understanding in need to breathe able to seize precaution at the outset and by the way this is applicable for enterprise or consumer in a very astronomical way and that, that person against the government ID.

    And there are a brace of products out there who beget 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 note 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 beget that identity breathe used. We've talked in the past about federated identities, the competence to expend that identity across multiple different tenants or vendors, this is the key first step to creating a valid identity that you can depend on. And if I'm going to expend my identity in a variety of different places, then it should better breathe 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 assume that you may probably already cherish that while GDPR is a European regulation, it applies to anybody doing commerce or touching any commerce that's done or transacted in the European Union countries. And so, that virtually ends up being any of us because it's a global world.

    The competence 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 privilege to user digital identity and that's a astronomical deal by itself because I assume that we've any seen their information and their identities are used without their authorization way too much mostly for fraudulent purposes. So, there has been a lot of excitement around this product. Their partners at Contactable already beget had success in their markets with it.

    We are really excited to beget it. And as I said, I assume you'll breathe hearing some really profitable things about this in the next few weeks. It fills the pocket in the portfolio. It's the frontend to enrolling people in the database. So, it's considerable to beget it and I assume when you see it out and about we'll beget it on the website. You could seize a watch at how it works. It's a truly exciting product to have. And again, seamlessly integrated with the comfort of their biometric authentication on the GoVerifyID platform. So, it's a astronomical step for us and I assume it is going to beget 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 assume you said you beget 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 beget 12 or four of them, eight, 10, how many are in the $4.5 million that you bid is in the pipeline now?

    Jim Miller

    I assume between in the ultimate quarter there was one fresh 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 any Part 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 blend of products, some for government products, some for GoVerifyID related products, other services and things that they do. But that was, those are any fresh commerce in the third quarter.

    Jeffrey Link

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

    Jim Miller

    Well, it's a petite bit difficult to breathe precise on that because what happens is that, that various different for buyers of the product seize it on and they seize it on to frankly tried out. So, they might breathe a minuscule enterprise with a brace of 100 employees and they will seize 20 or 40 or 50 to try it. And if they fancy 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 structure blocks you start and as I that's why I point out that every one of these people are different. It's fresh technology, so they -- they don’t beget a really profitable road map to construe you how it's going to roll out, what's the timeframe and how it's going to cease up. But the first step is of course is to net them to purchase it. And then we're confident that as you expend the product you'll fancy it and you'll add your employees and as you add your employees, you will then assume about pitiable 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 also question if you would, since I'm a petite newer to the story. On the service now deal that's been talked about on-and-off, what exactly is the status privilege now in terms of whether the software is ready to go, what -- where are you at in this entire process?

    Jim Miller

    We actually of course are in a secondary role, to breathe 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 beget advised us that they're in the final stages of receiving that certification and that they anticipate having any of that concluded and pitiable ahead to their sales endeavor 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 petite 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 Go 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 net 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 convene seat or a lot of support work. So, they beget an existing engage of commerce in the support services arena already. The project is to offer the product that would allow folks to expend a biometric authentication to net directly to a succor 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, convivial security number, any those things they any Go through when they convene the helpdesk and net privilege to why it is you called. That competence to sequel that, time is money in that commerce simply sequel and the competence to sequel that saves a lot of time. And therefore saves a lot of money. And that's the value proposition.

    So, the project is that once the product is certified, it will then Go out for sale to Fujitsu's existing customers. So, the respond to your question in the Fujitsu’s case now, they don’t beget to Go knock on doors and convene out. They already beget a engage of business. So, that's the way they any -- market.

    Jeffrey Link

    And so, these customers are currently using a Fujitsu software that may already beget 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 any suffer when they convene the helpdesk. That is you beget to Go through a list of qualifying questions before they'll respond 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 breathe you. And that process saves as I said a profitable deal of time and money. It also increases enhances the user experience, which is not a contaminated thing either.

    Jeffrey Link

    And if you would, how sequel the service now fitting in with Fujitsu and any these convene 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 selfsame way that Fujitsu rebrands products fancy of ours, they beget a similar arrangement with a larger company ServiceNow.

    Jeffrey Link

    Okay. And I'm going to question 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 watch clarify Part of your question there. I would not bid 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 necessary because it's really difficult in any space to Go in and sell a solitary 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 fancy it when they flee on one network and you only beget one system to navigate and you don’t beget to worry about having any these different silhouette systems that you beget to service, understand each one of the interest is and travail 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 net their health are records on.

    So, it's profitable to breathe 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 see it on one of the major healthcare record software systems that they employ. privilege now, where we're at with any 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 bid this company uses their system.

    They beget purchased it, they expend it, they fancy it. And that answers a lot of questions in your sales effort. Because one of the ones you always net is construe me where you've done this and maybe even can I convene that person. And I see how this really works, I know how you as a sales person tells me it works. But can I beget a third party verification of what you told me. So, that is a critical, there's no charge you can sequel on that reference. They can construe you that from their own suffer and this is it's an obvious thing.

    So, that's what they're trying to sequel 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 assume they are closing in on some companies that will beget will seize it and adopt it and breathe that reference account.

    Jeffrey Link

    Just a follow-up on that. sequel you need to breathe 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 need to continue to support Epic. I guess, I'm just wondering how you can abide in front of Epic to beget positive that this product is in fact constantly being marketed by the Epic people?

    Jim Miller

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

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

    But in the early going out to breathe quite honestly they sort of want to breathe 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 breathe there to respond those questions. So, prospective customer gets the full 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 fancy the GoVerifyID product, sales calls Go on any the time where they are not involved.

    If they need to be, we're obviously there to support whenever they need to be. And then so that's pretty much how it works. So, it's just a question of getting them up to quicken and then and to your point getting regular reports on how they're doing. And to gauge what they need to sequel or change to beget positive that that endeavor can breathe more successful.

    Operator

    This concludes the question and respond session. I would fancy to swirl the conference back over to Mr. Miller for any closing remarks.

    Jim Miller

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

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

    Operator

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

    SeekingAlpha

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

    Taiwan has historically been a beacon for economic growth and economic liberty in the Asia–Pacific. However, with China’s equable mount as an economic powerhouse, Beijing’s competence 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 dwelling in the global economy.REF Taiwan is often left out as other countries note fresh 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 suspicion of supply chains created by ongoing trade disputes, it is necessary for businesses and consumers to know that the U.S. has dependable 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 fresh high-level economic dialogue with Taipei that will push 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 push of sorts to coerce international private businesses, including some businesses with foreign-government affiliations, to change how they narrate Taiwan. Airlines, such as Delta, Air Canada, and Air India; clothing lines fancy the Gap and Zara; and others companies, such as Audi and Marriot, were forced to change company documents and products to breathe more in-line with Beijing’s view of Taiwan.REF In some cases, they apologized for not already conforming to Beijing’s wishes.

    Much fancy Chinese policies, Beijing’s efforts are late 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 seize odds of the “most favored nation” status and lower barriers to trade among members. Taiwan can also seize Part 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 beget diplomatic relations with China, except Singapore and fresh Zealand, beget been reluctant to note part trade deals with Taiwan.

    Another recent instance is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will soon seize effect. The trade agreement has already been ratified by six of its 11 signatories—Australia, Canada, Japan, Mexico, fresh Zealand, and Singapore. It will breathe 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 noiseless trying to persuade the U.S. to join 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 join the CPTPP.REF However, CPTPP members beget been reluctant to support Taiwan’s ascension and risk angering Beijing.REF

    Ironically, many of the CPTPP members see the deal as a profitable chance 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 need of a comprehensive endeavor to address SOE privatization and ensure unbiased competition between SOEs and private companies. Other analysts see the CPTPP as a chance to compete with the Regional Comprehensive Economic Partnership (RCEP)—a part 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 petite chance of joining.

    As other countries in the Asia–Pacific continue to note fresh 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 Part of the deal and continue to maintain higher barriers. Taiwanese manufacturers are worried about the losses they mug from the fresh deals being made by regional competitors in South Korea and Japan.REF Free trade deals can also 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 any of Taiwan’s total trade.

    BG3365 Chart 1

    Taiwan, fancy many other developed market economies in the Asia–Pacific region, is desperate to find fresh areas of growth. For many countries, both developed and developing, that growth has increasingly been organize in China. Taiwan invests as much in China as it does in any 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 actual 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 full effect. A refusal by Taipei to note oversight legislation left the deal only partly fulfilled.

    In 2018, Beijing began a fresh approach. The Taiwan Affairs Office in China’s situation Council initiated a program commonly referred to as “31 measures.”REF The program is billed as a way to enlarge economic and cultural exchanges between “compatriots” across the straits. On the surface, these measures range from encouraging economic cooperation as well as convivial cohesion. Measures comprise easing investment barriers and offering benefits for the families of those who wish to travail in China. For example, Taiwan-funded enterprises are granted land expend in the selfsame way as mainland enterprises. Taiwanese citizens are also eligible for various cultural awards and honors.

    But underneath the surface, it is pellucid that Beijing is offering economic incentives in order to extend Taiwan’s economic dependence, gain influence in Taipei, and secure fresh technology. Xiamen, a city in Fujian province and privilege 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, beget followed suit as well. Taiwan’s Executive Yuan—the executive arm of Taiwan’s government—wary of these efforts, responded with its own program to attract and retain Taiwanese domestic investment.REF

    Given Taiwan’s dwelling 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 succor develop the Made in China 2025 policy.

    U.S.–Taiwan Economic Relations

    For the past 30 years, the U.S. and Taiwan beget had a significant economic relationship through stalwart 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 fancy Amazon, IBM, Microsoft, and Yahoo beget plans to invest in synthetic 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 enlarge 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 beget purchased over $576 billion in U.S. debt.REF Taiwan is also 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 sequel not comprise 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 noiseless 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 ultimate consultations in 2016, Taiwan has actually become more economically free than the U.S. The U.S. has a total economic liberty score of 75.7 out of 100, as measured by The heritage Foundation’s Index of Economic Freedom. Over the past decade, the economic liberty of Taiwan has been increasing while the economic liberty 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 stalwart property rights, limited government spending, and profitable commerce freedom. But it also has frail 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 noiseless relatively high. Already Taiwan’s medium tariff rate of 6 percent is low compared to international standards.REF Non-agricultural tariffs medium about 4 percent while agricultural tariffs medium about 16 percent.

    The number of fresh tariffs the Trump Administration has sequel in dwelling since 2017 constitute an assault on Americans’ liberty to trade. And Taiwan has organize itself caught in the middle of a number of trade disputes that beget arisen. Since the genesis of 2017, companies in Taiwan beget been at risk of being topic to direct costs through the enlarge 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 fresh 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 ultimate 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 enlarge its purchases of soybeans by a third until the cease of 2019.REF While government-led procurement trips tend to beget market-distorting effects, this meaningful gesture helps American soybean farmers, who beget also been caught in the middle of a trade dispute between the White House and Beijing. American soybean farmers beget lost both profit and market partake in China, and Taiwanese investors beget 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 argue outstanding bilateral trade issues. The talks beget 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 beget a history of being postponed over specific trade disputes. When the U.S. and Taiwan sequel meet next, the meeting would need the authority to pursue larger, more comprehensive initiatives. This is why the White House needs to re-engage with Taiwan by establishing a fresh high-level economic dialogue much fancy 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 fresh high-level economic dialogue.REF That year, the two sides reaffirmed the weight 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 fancy the dialogue with Japan, a U.S.–Taiwan economic dialogue would pursue mutually beneficial opportunities for economic growth and job creation. It would search to exterminate existing tariffs and non-tariff barriers. It would also search fresh areas in which U.S. and Taiwanese businesses beget greater opportunities for investment.

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

    There are noiseless plenty of issues that need to breathe 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 singular trade barriers.REF This includes addressing limits on the imports of American beef and pork. There are also issues regarding trade and labeling requirements. Other concerns comprise barriers to financial services and investments in agricultural production, chemical manufacturing, and health care. American businesses in Taiwan beget also 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 need of transparency and equable implementation of regulatory requirements.REF

    Areas for Cooperation. The U.S.–Taiwan economic dialogue would breathe wasted if it did not identify areas for cooperation. The dialogue should breathe a way to flaunt investors and countries alike that the U.S. supports economic date with Taiwan. In addition, the two countries should breathe willing to collaborate in areas of progress across Southeast Asia, which would breathe in line with Taiwan’s fresh 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 area 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 breathe more than just people that are connected and communicating as countries in Asia watch to build greater networked systems. The U.S.–Taiwan economic dialogue can build on the travail that is already a Part of the Digital Economy Forum—a bilateral exchange between the U.S. and Taiwan on ways to promote electronic commerce.REF This cooperation can succor set standards and norms across Southeast Asia.

    A number of countries in Asia noiseless beget 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 travail toward increasing investment opportunities, such as in electronic commerce. However, there are increasing regulations in Asia that coerce singular companies to invest more in structure local computing facilities or require the transfer of source code. While there should breathe greater cooperation with Taiwan in order to counter other countries’ unfair trading practices, including theft or unauthorized duplication of technology, the U.S. also needs allies that can succor push against this fresh wave of digital protectionism.

    A third area for cooperation is energy. Given both the demand for energy in Taiwan, and increased production in the U.S., there has been a significant enlarge in Taiwan’s purchases of indigenous 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 weight of U.S.–Taiwan trade. The U.S. should search to expand opportunities to export energy for Taiwan’s private consumption.

    Addressing fresh areas for cooperation should not necessarily seize 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 need a comprehensive trade framework that would accommodate ‘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 fancy the U.S. and Japan announced their upcoming trade deal after a number of economic dialogue meetings.

    Beijing will kick to any fresh 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 breathe 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 Go it lonely 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 necessary that the White house:

  • Establish a high-level economic dialogue between the U.S. and Taiwan. The dialogue should breathe comprehensive, including not just trade issues but non-tariff and 21st-century areas for cooperation.
  • Instruct that the U.S.–Taiwan economic dialogue breathe led by the U.S. Trade Representative and Secretary of Commerce, who will likely breathe 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 scurry forward this fresh dialogue.
  • Commit the economic dialogue to meet at least once every six months. And, two years after launching the economic dialogue, advertise 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 offer something for nothing. It is time for both sides to scurry past ultimatums and solitary issues. The fresh dialogue should breathe established without any preconditions other than a full commitment to liberalize trade and investment.

    Congress has been supportive of the U.S.–Taiwan relationship, and officials in Taiwan are hopeful for a fresh 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 singular Policy, at The heritage Foundation.



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