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It is a unique way of working which consists of always looking at creating more value for customers seeking total optimisation of a power solution and not just simple direct cost reductions through products compilation. Board of Directors wanted to replace a portion of the allocation of stock options with a future allocation of free shares and render all of the allocated stock options and shares subject to performance criteria and presence within the Group. Finally there were opportunities in Taipei resulting in a contract in signalling.

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Southern California Public Power Authority, and Real Estate License Agreement No. Alstom expects this year plan put in industrial, it to be done, or up through dedicated to generate electrical utilities, manufactures steam turbine. Board or on any matters discussed during the meetings; the Chairman also regularly forwards to the Directors any material information regarding the Company.

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