DISCLAIMER

The opinions, forecasts and recommendations contained in this report are those of the analyst preparing the report and are based upon the information available to the analyst as of the date of the report. The analyst’s opinion is based upon information received from sources believed to be accurate and reliable and the completeness and/or accuracy is neither implied nor guaranteed. The opinions and recommendations are subject to change without notice and Needham & Co. is under no obligation to provide updates to the opinions and information contained herein. This report is provided to the institutional clients of Needham & Co. for informational purposes only and is not an offer or a solicitation for the purchase or sale of any financial instrument. © Copyright 2016 by Needham & Co. All rights reserved.