We believe the key to a successful project is secured, low-cost feedstock. To date, Fulcrum has successfully executed on its feedstock strategy of securing large volumes of municipal solid waste (MSW) by entering into long-term agreements with its waste service partners, Waste Management and Waste Connections, for the supply of MSW feedstock throughout North America including 100 percent of the MSW required by our Sierra BioFuels Plant. Under these long-term agreements, Fulcrum eliminates feedstock commodity supply and pricing risk. In addition, with the long-term MSW feedstock agreements, Fulcrum will be able to produce a low-carbon transportation fuel at a very predictable and stable cost of production, a significant competitive cost advantage over both industry peers and transitional fossil fuels.