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TRANSCRIPT
Arro
w Co
ated
Pro
duct
s Li
mite
dIn
vest
or P
rese
ntat
ion –
Augu
st 2
015
Sa
fe H
arb
or
Th
isp
rese
nta
tio
na
nd
the
acc
om
pa
ny
ing
slid
es
(th
e“Presentation”),
wh
ich
ha
veb
ee
np
rep
are
db
yA
rro
wC
oa
ted
Pro
du
cts
Lim
ite
d
(th
e“Company”),
ha
veb
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np
rep
are
dso
lely
for
info
rma
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np
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sa
nd
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no
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ny
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er,
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en
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r
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ase
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sub
scri
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an
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an
ym
ake
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or
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Pre
sen
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ma
yn
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be
all
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vea
nd
ma
yn
ot
con
tain
all
of
the
info
rma
tio
nth
at
you
ma
yco
nsi
de
rm
ate
ria
l.A
ny
lia
bil
ity
inre
spe
cto
fth
eco
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om
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lyfo
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.S
uch
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ficu
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Th
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risk
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cert
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clu
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,b
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mit
ed
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pe
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Ind
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eco
no
my
an
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fth
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con
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of
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ou
sin
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al
ma
rke
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the
pe
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nce
of
the
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ust
ryin
Ind
iaa
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wo
rld
-wid
e,
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pe
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ecompany’s
ab
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nt
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futu
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kin
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roje
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by
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inth
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nta
tio
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an
dp
roje
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Co
nte
nt
Part
icul
ars
S. N
o.
Busi
ness
Over
view
4
Wat
er S
olub
le F
ilm6
Inte
llect
ual P
rope
rty
12
End
Prod
ucts
20
Futu
re O
utlo
ok25
Fina
ncia
ls27
Busi
ness
Ove
rvie
w
Bu
sin
ess
Ove
rvie
w
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eve
lop
me
nt,
Pro
du
ctio
n &
Ma
rke
tin
g o
f W
ide
Ra
ng
e o
f
Wa
ter
So
lub
le F
ilm
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ater
Sol
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m
Bu
sin
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Ove
rvie
w
n &
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f e
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er
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Inte
llect
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Prop
erty
End
Prod
ucts
•To
tal
of
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gra
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d p
ate
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acr
oss
th
e W
orl
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ba
sed
on
Co
re T
ech
no
log
y o
f W
ate
r
So
lub
le F
ilm
2 I
ntel
lect
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rope
rty
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rro
w C
are
& A
rro
w R
X
ran
ge
of
pro
du
cts
de
velo
pe
d
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ng
th
e W
ate
r S
olu
ble
Fil
m
Tech
no
log
y
3 E
nd P
rodu
cts
Wat
er S
olub
le F
ilm
Wha
t it i
s?
§W
ate
r S
olu
ble
Fil
m
§P
ack
ag
ing
ma
teri
al t
ha
t is
en
viro
nm
en
tall
y s
afe
& f
ull
y
bio
de
gra
da
ble
wh
en
dis
po
sed
in
wa
ter
or
wa
ste
Prop
ertie
s
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pti
mu
m T
en
sile
Str
en
gth
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lexi
bil
ity
fo
r u
sin
g in
mu
ltip
le
form
s o
f p
ack
ag
ing
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xce
lle
nt
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istu
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ea
t S
ea
lin
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co-f
rie
nd
ly
Appl
icat
ions
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du
stri
es
like
Ag
roch
em
ica
l, H
ea
lth
& H
ygie
ne
, E
mb
roid
ery
, D
yes,
Ce
me
nt,
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zym
es,
Fis
h B
ait
s, E
dib
le
Fil
ms
etc
.
Wh
at
is W
ate
r S
olu
ble
Fil
m (
WS
F)
?
Liq
uid
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terg
en
t
Pa
cke
d i
n W
SF
Dis
solv
es
Co
mp
lete
ly
Ad
van
tag
es
of
Wa
ter
So
lub
le F
ilm
Eco
Frie
ndly
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solv
es
wit
ho
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g a
ny
ha
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l re
sid
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Safe
Avo
ids
dir
ect
co
nta
ct w
ith
th
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oxi
c p
rod
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ross
Co
nta
min
ati
on
Easy
to D
ose
It is
pre
cise
ly d
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d =
no
pro
du
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ag
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Conv
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pa
ce a
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sy t
o h
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dle
Vari
ed In
dust
ries
Use
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rie
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nd
ust
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ltip
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ays
Glo
ba
l P
VA
Fil
ms
Ma
rke
t fo
r W
ate
r S
olu
ble
Ap
pli
cati
on
s
20
14
21
18
20
13
17
20
12
20
18
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7%
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11
17
16
20
9
21
9
20
12
22
9
20
11
20
18
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9
20
14
24
0
20
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(‘0
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ton
s)(U
SD M
n)
Ou
r W
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r S
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ble
Fil
m B
usi
ne
ss
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ole
Ma
nu
fact
ure
r o
f C
ast
Wa
ter
So
lub
le
Fil
m i
n I
nd
ia
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tate
of
art
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nu
fact
uri
ng
Fa
cili
tie
s
–A
nk
lesh
wa
r, G
uja
rat
: ~
35
0 K
m f
ar
fro
m B
om
ba
y
–La
nd
on
99
ye
ars
re
ne
wa
ble
le
ase
fro
m G
IDC
–R
&D
Ce
ntr
e w
ith
Mo
de
rn E
qu
ipm
en
ts
–C
om
mo
n U
tili
tie
s a
nd
R&
D a
vail
ab
le f
or
futu
re
exp
an
sio
n
•K
ey
In
du
stri
es
:
–A
gro
che
mic
als
, E
mb
roid
ery
, D
ete
rge
nts
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oa
p F
ilm
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nd
ry B
ag
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ish
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it,
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et
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ible
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m b
ase
d P
ha
rma
Fil
ms,
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s,
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me
nt
Ad
dit
ive
s, E
nzy
me
s fo
r B
io T
oil
ets
etc
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com
post
able
, 100
% d
egra
dabl
e an
d 10
0% e
co-f
rien
dly
Ke
y E
ntr
y B
arr
iers
Prod
uct F
orm
ulat
ion
•S
pe
cia
l Ch
em
istr
y p
er
en
d u
se
•C
ust
om
ize
d F
orm
ula
tio
ns
de
sig
ne
d f
or
va
rio
us
typ
es
of
pa
ram
ete
rs o
f W
SF
•E
xa
mp
le :
V
ari
ou
s W
ate
r T
em
pe
ratu
re, t
ime
of
dis
solu
tio
n a
nd
ty
pe
s o
f W
ate
r –
Ha
rd,
soft
,
Sa
lty
etc
Prop
riet
ary
Info
rmat
ion
•R
ND
ou
tco
me
is p
riv
y t
o A
rro
w
•E
xam
ple
: G
ive
n a
pa
rtic
ula
r m
ate
ria
l to
be
pa
cke
d:
Un
de
r W
ha
t C
on
dit
ion
s w
ill t
he
WS
F
dis
solv
e a
nd
th
e C
he
mic
al P
rop
ert
ies
of
WS
F
on
ce it
is d
isso
lve
d
Acce
lera
ted
Agei
ng T
est
•W
SF
go
es
thro
ug
h A
cce
lera
ted
Ag
ein
g t
est
un
de
r a
cce
lera
ted
ag
ein
g c
on
dit
ion
s. T
his
ma
trix
of
info
rma
tio
n is
vit
al t
o d
ev
elo
pm
en
t o
f ri
gh
t
WS
F
•T
o h
elp
de
term
ine
th
e lo
ng
-te
rm e
ffe
cts
for
the
pu
rpo
se o
f e
xpe
cte
d s
he
lf li
fe o
f p
ack
ed
pro
du
ct.
0301 02
Inte
llect
ual P
rope
rty
Ke
y G
ran
ted
Pa
ten
ts a
cro
ss t
he
Glo
be
A P
roce
ss o
f m
an
ufa
ctu
rin
g
em
be
dd
ed
wa
ter
solu
ble
fil
m
syst
em
an
d e
mb
ed
de
d w
ate
r
solu
ble
fil
m s
yst
em
ma
nu
fact
ure
by
th
e s
am
e
Ind
ia
Wa
ter
So
lub
le D
rug
de
liv
ery
sy
ste
m
U.K
.
A w
ate
r so
lub
le f
ilm
ba
sed
ma
trix
to
co
nta
in s
am
ple
s
ext
ract
ed
fro
m li
vin
g
spe
cie
s
Eu
rop
e, I
nd
ia &
Un
ite
d
Sta
tes
Hig
h s
ecu
rity
pa
pe
r
an
d p
roce
ss o
f
ma
nu
fact
ure
Ru
ssia
Se
lf d
est
ruct
ive
irre
ve
rsib
le s
ecu
rity
pa
cka
gin
g f
ilm
Ind
ia,
Eu
rasi
a &
Eu
rop
e
Me
tho
d o
f m
an
ufa
ctu
rin
g
em
be
dd
ed
wa
ter
solu
ble
fil
m
carr
ier
Au
stra
lia
& S
ou
th A
fric
a
Su
bst
an
tia
l Pin
ho
le F
ree
Mu
ltil
ay
ere
d W
ate
r
So
lub
le F
ilm
an
d
Pro
cess
of
ma
nu
fact
ure
the
sa
me
Ind
ia
Ed
ible
wa
ter
solu
ble
pa
cka
gin
g f
ilm
an
d p
ack
ag
e
ma
de
ou
t o
f th
e s
aid
fil
m
Ind
ia
Me
tho
d o
f p
rod
uci
ng
a
hig
h s
ecu
rity
fil
m
Eu
rop
e
A w
ate
r S
olu
ble
Fil
m
ba
sed
Pa
cka
ge
fo
r
Pa
ckin
g A
qu
eo
us
Liq
uid
s
Ind
ia
Su
bst
rate
fo
r in
k j
et
pri
nti
ng
wit
h
hy
dro
ph
ob
ic s
olv
en
t b
ase
d in
k
Ind
ia
Hig
h s
tre
ng
th p
ap
er
an
d
pro
cess
of
ma
nu
fact
ure
Un
ite
dS
tate
s
Ca
st –
Ext
rud
ed
or
Ca
st –
Ca
stC
om
bin
ed
mu
ltil
ay
er
wa
ter
solu
ble
fil
m a
nd
pro
cess
fo
r p
rod
uci
ng
th
e
sam
e
Ind
ia
Me
tho
d o
f m
ak
ing
Hig
h
Str
en
gth
Pa
pe
r &
A
Pa
pe
r m
an
ufa
ctu
red
the
reo
f
Ind
ia &
So
uth
Afr
ica
Me
tho
d o
f p
rod
uci
ng
a
hig
h s
ecu
rity
fil
m a
nd
hig
h s
ecu
rity
fil
m
pro
du
ced
by
th
e s
aid
me
tho
d
Un
ite
d S
tate
s
Wid
e f
orm
at
pri
nte
d g
rap
hic
s
wit
ho
ut
rele
ase
lin
er
Ind
ia
Se
lf a
dh
esi
ve
ma
teri
als
wit
h a
wa
ter
solu
ble
pro
tect
ive
lay
er
So
uth
Afr
ica
& U
nit
ed
Sta
tes
Hig
h S
ecu
rity
Fil
m
Au
stra
lia
A p
roce
ss o
f P
rep
ari
ng
a S
elf
Ad
he
siv
e
Ind
ia
Ca
pit
ali
zin
g –
Ke
y P
ate
nts
Act
ive
s E
mb
ed
de
d W
ate
r S
olu
ble
Fil
m
Dru
g D
eli
ve
ry D
ev
ice
(C
on
tro
lle
d &
Bio
Dig
est
ible
)
WS
F B
ase
d M
atr
ix t
o C
oll
ect
Sa
mp
les
Hig
h S
ecu
rity
Pa
pe
r
Se
lf D
est
ruct
ive
Irr
ev
ers
ible
Se
curi
ty P
ack
ag
ing
He
alt
h &
Hyg
ien
e :
Act
ive
Em
be
dd
ed
Wa
ter
So
lub
le F
ilm
Re
late
s to
pro
cess
fo
r m
an
ufa
ctu
rin
g
em
be
dd
ed
/en
tra
pp
ed
wa
ter-
solu
ble
fil
m (
WS
F)
syst
em
an
d w
ate
r so
lub
le f
ilm
(W
SF
) sy
ste
m
ma
nu
fact
ure
d b
y t
he
sa
id p
roce
ss
•P
ha
rma
ceu
tica
l In
du
stry
•A
gro
che
mic
al
Ind
ust
ry
•H
osp
ita
lity
In
du
stry
•C
he
mic
al In
du
stry
•P
ate
nt
Gra
nte
d in
Ind
ia (
20
03
01
), 2
4.0
4.0
6 ;
So
uth
Afr
ica
(2
00
4/3
25
9),
2
4.1
1.0
4 ;
Au
stra
lia
(2
00
23
56
41
7),
22
.01
.09
;
•Patent being “Prosecuted to Grant” in
Eu
rop
e (
EP
22
28
43
1)
USA
(U
S2
01
10
03
99
85
)
Au
stra
lia
(A
U-A
-20
09
20
00
75
)
•D
isso
lve
s in
sta
ntl
y
•D
rug
de
live
ry f
ast
er
•Q
uic
ker
rea
ctio
n
•N
ove
l Dru
g D
eli
very
Sys
tem
Pate
nt D
etai
lsAp
plic
atio
n
Adva
ntag
esGr
ant D
etai
ls
•C
he
ap
er
tha
n c
on
ven
tio
na
l
tech
no
log
y o
f d
rug
de
live
ry
•E
asy
in
take
•S
uga
r fr
ee
•P
reci
se D
eli
very
of
nu
trie
nts
to
the
pla
nt
(ro
ots
, le
ave
s)
He
alt
h &
Hyg
ien
e :
Dru
g D
eli
very
De
vic
e
Re
late
s to
a d
osi
ng
sys
tem
wh
ich
co
nta
ins
act
ive
ing
red
ien
ts, e
mb
ed
de
d w
ith
in a
nd
/or
coa
ted
up
on
wa
ter
solu
ble
or
wa
ter
dis
pe
rsib
le p
oly
me
rs
•Fo
r H
um
an
s
•Fo
r A
nim
als
•Fo
r P
lan
ts
•P
ate
nt
Gra
nte
d in
Un
ite
d K
ing
do
m (
GB
24
21
43
1)
Ind
ia (
26
45
45
), 0
5.0
1.1
5
•Patent being “Prosecuted to Grant” in
Eu
rop
e (
EP
18
65
93
0)
USA
(U
S2
00
80
03
83
26
)
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eli
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ive
s i
n a
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ntr
oll
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nn
er
•D
eli
vers
act
ive
s a
t p
reci
se lo
cati
on
s
•B
io -
dig
est
ible
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an
de
live
r m
ult
iple
act
ive
s
•Le
ss c
ha
nce
s o
f cr
oss
co
nta
min
ati
on
in p
ost
op
era
tive
ca
re
Pate
nt D
etai
lsAp
plic
atio
n
Adva
ntag
esGr
ant D
etai
ls
He
alt
h &
Hyg
ien
e :
A W
SF
ba
sed
ma
trix
to
co
nta
in s
am
ple
s
Re
late
s to
a W
ate
r S
olu
ble
Fil
m b
ase
d m
atr
ix f
or
coll
ect
ing
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loo
d,
Uri
ne
, S
eru
m S
am
ple
s o
r
•A
ny
oth
er
typ
e o
f sa
mp
les
ext
ract
ed
fro
m liv
ing
spe
cie
s
He
alt
h C
are
:
•P
rov
ide
a w
ate
r so
lub
le f
ilm
ba
sed
ma
trix
fo
r
coll
ect
ing
an
d s
tori
ng
sa
mp
les
ext
ract
ed
fro
m
liv
ing
sp
eci
es
for
avo
idin
g c
ross
in
fect
ion
or
spil
lag
e o
f sa
mp
les
•P
ate
nt
Gra
nte
d in
Ind
ia (
25
16
30
), 2
7.0
3.1
2
USA
(8
67
32
36
), 1
8.0
3.1
4
Eu
rop
e (
20
40
92
1),
24
.07
.13
•E
lim
ina
te p
rob
lem
of
dis
po
sal
of
use
d c
on
tain
ers
•N
on
co
nta
min
ati
ng
co
nta
ine
r fo
r co
lle
ctin
g l
iqu
id a
nd
sem
i so
lid
bio
wa
ste
•R
etr
ieve
th
e s
am
ple
s co
lle
cte
d,
by
dis
solv
ing
th
e M
atr
ix,
for
an
aly
sis
Pate
nt D
etai
lsAp
plic
atio
n
Adva
ntag
esGr
ant D
etai
ls
Se
curi
ty :
Hig
h S
ecu
rity
Pa
pe
r
A s
ecu
rity
pa
pe
r h
avin
g o
ne
or
mo
re o
f a
se
curi
ty f
ea
ture
inse
rte
d a
t p
reci
se l
oca
tio
ns
on
or
wit
hin
th
e p
ap
er
by
usi
ng
a p
oly
me
ric
art
icle
as
a c
arr
ier
for
the
se
curi
ty
fea
ture
(s)
Pa
pe
r b
ase
d P
rod
uct
s:
•B
an
k N
ote
s
•P
ass
po
rts
•P
ost
ag
e S
tam
ps
•C
ert
ific
ate
s e
tc
•P
ate
nt
Gra
nte
d in
Ru
ssia
(2
40
94
73
), 2
0.0
1.1
1
•Patent being “Prosecuted to Grant” in
Ind
ia (
31
2/M
UM
/05
)
Eu
rop
e (
EP
18
71
95
2)
•H
igh
–V
alu
e S
ecu
rity
Pa
cka
gin
g f
or
the
do
cum
en
ts
•To
ma
inta
in S
ecr
ecy
of
Imp
ort
an
t D
ocu
me
nts
Pate
nt D
etai
lsAp
plic
atio
n
Adva
ntag
esGr
ant D
etai
ls
Se
curi
ty :
Se
lf D
est
ruct
ive
Irr
eve
rsib
le S
ecu
rity
Pa
cka
gin
g
A s
elf
de
stru
ctiv
e ir
reve
rsib
le s
ecu
rity
pa
cka
gin
g w
ate
r
solu
ble
fil
m a
nd
me
tho
d f
or
ma
nu
fact
uri
ng
th
e s
am
e.
Ch
em
ica
l &
Ag
ro P
ack
ag
ing
•W
ate
r so
lub
le p
ack
ag
ing
fil
m is
em
be
dd
ed
wit
h v
ari
ou
s
secu
rity
ele
me
nts
, w
hic
h w
ill
ge
t d
est
roye
d ir
reve
rsib
ly
up
on
fin
al u
sag
e a
s th
e w
ho
le p
ack
ag
e a
lon
g w
ith
its
con
ten
ts w
ill
dis
solv
e i
n w
ate
r
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ate
nt
Gra
nte
d in
Ind
ia (
22
78
42
), 2
1.0
1.0
9
Eu
rasi
a (
01
28
56
), 3
0.1
2.0
9
Eu
rop
e (
18
68
81
8),
05
.05
.10
•Patent being “Prosecuted to Grant” in
USA
(U
S2
00
80
19
08
08
)
Pa
cka
ge
d
Pe
stic
ide
s, C
he
mic
als
(to
avo
id
cou
nte
rfe
itin
g),
Pa
cke
d F
MC
G g
oo
ds
wit
h t
rack
an
d
tra
ce s
ecu
rity
sys
tem
(to
avo
id g
rey
ma
rke
tin
g)
, S
ecu
rity
Lab
els
etc
Pate
nt D
etai
lsAp
plic
atio
n
Adva
ntag
esGr
ant D
etai
ls
End
Prod
ucts
En
d P
rod
uct
s –
Ca
pit
ali
zin
g W
SF
Pa
ten
ts
Capi
taliz
ing
WSF
Pate
nts
Arr
ow
Ca
re
Arr
ow
Ph
arm
a
Arr
ow
Se
cu
rity
•O
ral H
ygie
ne
&
Pe
rso
na
l Hyg
ien
e
Se
gm
en
t
•P
ha
rma
ceu
tica
ls –
Ora
l Co
nsu
mp
tio
n
an
d D
rug
De
live
ry
Sys
tem
•S
ecu
rity
Em
be
dd
ed
Fil
m –
Re
ad
ab
le b
y
Lig
ht
So
urc
e,
Ma
chin
e e
tc
Part
ners
hips
& J
Vs
Tsu
kio
ka
, Ja
pa
n
Ca
reli
, S
pa
in
Tra
ce T
ag
, U
K
He
alt
h &
Hyg
ien
eP
ap
er
SA
MO
the
rsS
ecu
rity
Pro
du
cts
Arr
ow
Se
curi
ty
•G
ran
ted
Pa
ten
t R
igh
ts a
cro
ss t
he
wo
rld
an
d p
art
of
its
secu
rity
Pa
ten
t P
ort
foli
o
•S
ecu
rity
fil
ms
for
ma
nu
fact
uri
ng
of
hig
h
secu
rity
pa
pe
r su
ch a
s b
an
kn
ote
,
pa
ssp
ort
an
d n
on
-ju
dic
ial s
tam
p p
ap
ers
,
or
for
bra
nd
pro
tect
ion
ap
pli
cati
on
s
•T
he
se p
ate
nts
are
ma
na
ge
d b
y
de
dic
ate
d I
P c
ell
of
Arr
ow
Co
ate
d
Pro
du
cts
Ltd
•Ex
clus
ive
arra
ngem
ent
with
Tra
ce T
ag In
tern
atio
nal L
td (T
TI, U
K) fo
r in
tegr
atio
n an
d us
e of
Tra
ceta
g's
DNA
tagg
ants
with
in s
ecur
ity d
ocum
ents
•TT
I and
ACP
L ha
ve d
ecid
ed t
o pu
rsue
the
ir jo
int d
evel
opm
ents
and
to
com
mer
cial
ize
resu
lting
app
licat
ions
to
thei
r m
utua
l ben
efit
in th
e fie
ld o
f sec
urity
doc
umen
ts
Arr
ow
Ca
re
03
02
Klen
z
Care
z
Mel
tz
•M
elt
z–It’s a small breath strip which creates
fre
shn
ess
, k
illi
ng
all
th
e b
ad
bre
ath
ge
rms
•It
dis
solv
es
inst
an
tly
wh
en
pla
ced
on
th
e t
on
gu
e
•A
pp
rove
d f
rom
FS
SAI
an
d o
the
r li
cen
sin
g
au
tho
riti
es
in I
nd
ia
•C
are
z–
Sm
all
th
in S
oa
p S
trip
s co
nve
nie
nt
to c
arr
y
an
d u
se
•E
con
om
ica
lly
pri
ced
, n
o w
ast
ag
e,
an
d n
o r
esi
du
e
left
aft
er
wa
sh
•La
bo
rato
ry T
est
ed
Pro
du
ct
•K
len
z–
Co
nce
ntr
ate
d C
ap
sule
to
re
fill
a b
ott
le f
or
ho
use
ho
ld c
lea
nin
g
•In
no
vati
ve p
rod
uct
fo
r sp
eci
ali
sed
Gla
ss c
lea
ne
r,
An
tib
act
eri
al &
Mu
ltip
urp
ose
Cle
an
er
•T
ime
Sa
vin
g,
Co
st S
avi
ng
, S
pa
ce S
avi
ng
Arr
ow
RX
MM
S
Film
s –
NDDS
§M
ou
th M
elt
ing
Str
ips
(MM
S)
-T
hin
Fil
ms
loa
de
d w
ith
Act
ive
s fo
r D
rug
De
live
ry
§T
ak
en
Ora
lly
an
d m
elt
s
inst
an
tan
eo
usl
y in
th
e m
ou
th w
he
n
pla
ced
on
or
un
de
r th
e t
on
gu
e
§T
he
act
ive
su
bst
an
ce e
nte
rs t
he
blo
od
stre
am
dir
ect
ly v
ia t
he
ora
l
mu
cosa
wit
ho
ut
ha
vin
g t
o p
ass
thro
ug
h t
he
ga
stro
inte
stin
al
tra
ct
Nove
l Dru
g De
liver
y De
vice
-NDD
D§
DD
D c
on
tain
s A
ctiv
es
em
be
dd
ed
wit
hin
an
d/o
r co
ate
d u
po
n W
ate
r
So
lub
le o
r W
ate
r D
isp
ers
ible
Po
lym
ers
§T
he
act
ive
in
gre
die
nts
are
re
lea
sed
at
a p
reci
se –
con
tro
lle
d r
ate
fro
m a
rea
dil
y s
olu
ble
po
lym
er
into
an
aq
ue
ou
s e
nvi
ron
me
nt
thro
ug
h o
ne
or
mo
re p
erf
ora
ted
bio
-dig
est
ible
film
s, p
ost
wh
ich
DD
D d
isso
lve
s
ove
rtim
e a
nd
is
bio
ab
sorb
ed
ove
r
tim
e
RX M
atri
x
§N
ove
l sy
ste
m o
f co
lle
ctin
g a
nd
sto
rin
g b
loo
d s
am
ple
s, u
rin
e
sam
ple
s, s
eru
m s
am
ple
s o
r a
ny
oth
er
typ
e o
f sa
mp
les
ext
ract
ed
fro
m l
ivin
g
spe
cie
s to
avo
id c
ross
in
fect
ion
or
spil
lag
e o
f th
e s
am
ple
s
§It
eli
min
ate
s th
e p
rob
lem
of
dis
po
sal
of
use
d c
on
tain
ers
§N
on
co
nta
min
ati
ng
co
nta
ine
r fo
r
coll
ect
ing
liq
uid
an
d s
em
i so
lid
bio
wa
ste
TM
Futu
re O
utlo
ok
Fu
ture
Ou
tlo
ok
Incr
ea
se C
ap
aci
ty o
f H
igh
Va
lue
Wa
ter
So
lub
le F
ilm
Capa
city
Exp
ansi
on
Wat
er S
olub
le
Film
Mo
ne
tize
th
e e
xist
ing
Pa
ten
ts b
y s
ell
ing
or
lice
nsi
ng
th
e P
ate
nts
R&
D t
o d
eve
lop
mo
re o
f
Pro
du
cts
& P
roce
sse
s a
nd
file
Ne
w P
ate
nts
Mon
etiz
ing
Pa
rtn
er
/ JV
wit
h t
he
pla
yers
in t
he
FM
CG
an
d
Ph
arm
ace
uti
cals
to
de
velo
p p
rod
uct
s fo
r th
e
en
d c
on
sum
ers
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ng
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r
Pa
ten
ts
Wa
ter
So
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18
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8.9
Oth
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Exp
en
ses
11
99
.11
20
1.4
EB
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29
33
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87
2.7
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52.8%
Oth
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me
11
6.9
12
4.7
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pre
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36
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EB
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95
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19
60
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Inte
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0
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PB
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95
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19
59
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Tax
66
1.3
37
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PA
T2
29
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83
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PA
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47
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44
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4,8
53
20
15
20
14
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3,5
45
Net S
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20
14
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20
15
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PAT
Co
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Ca
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Tota
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Ra
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FY
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FY
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FY
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ate
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