As a company, we constantly rely on our customers and on the industry for feedback and validation on the directions we take in our products and solutions. That is why we invest our time and resources in the promotion of and participation in cross-industry consortia, which includes other vendors, operators and academia to address the hot topics in telecom today. Over the years, we have helped develop many technologies and solutions that have been put to commercial use and to your benefit, with the support of the Office of the Chief Scientist of the Israeli Ministry of Industry, Trade and Labor. These consortia were developed under the Magnet program, which promotes the synergies that can be achieved when academia research and industry parties work together to reach a goal. We are currently involved in four major projects, which have the potential to redefine how our telecom world will look in the next few years.