Your privacy is very important to us. At Granite Research, we have a few fundamental principles that we follow:

• We don’t ask you for personal information unless we truly need it. (We can’t stand services that ask you for things like your gender or income level for no apparent reason.)
• We may share your personal information with issuers which sponsor investment research presented on this website and vendors with which they maintain commercial relationships, such as investor relations or public relations. Other than sharing with these parties, we don’t share your personal information with anyone except to comply with the law, develop our products, or protect our rights.
• We don’t store personal information on our servers unless required for the ongoing operation of our site.

Granite Research, LLC. (“Granite Research”) produces and distributes company-sponsored investment research and analysis. Granite Research respects your privacy regarding any information that may be collected while visiting its website(s).

Website Visitors

Like most website operators, Granite Research collects non-personally identifiable information of the sort that web browsers and servers typically make available, such as the browser type, language preference, referring site, and the date and time of each visitor request. Granite Research’s purpose in collecting non-personally identifiable information is to better understand how visitors use its website(s). From time to time, Granite Research may release non-personally identifiable information in the aggregate, e.g., by publishing a report on trends in the usage of its website.

Granite Research collects potentially personally identifiable information like Internet Protocol (IP) addresses for logged in users and for users leaving comments on its website(s). Granite Research only discloses logged in user and commenter IP addresses under the same circumstances that it uses and discloses personally identifying information as described below, except that blog commenter IP addresses are visible and disclosed to the administrators of the blog where the comment was left.

Gathering of Personally-Identifying Information

Certain visitors to Granite Research’s website(s) choose to interact with Granite Research in ways that require Granite Research to gather personally identifiable information. The amount and type of information that Granite Research gathers depend on the nature of the interaction. For example, visitors are asked to provide a name, company name, email address, and investor type in order to gain access to certain website contents and for purposes of future distribution of information, if so desired. In each case, Granite Research collects such information only insofar as is necessary or appropriate to fulfill the purpose of the visitor’s interaction with Granite Research. Granite Research does not disclose personally identifiable information other than as described below. Visitors may refuse to supply such information, although failure to supply information may restrict a visitor’s access to website contents.

Aggregated Statistics

Granite Research may collect statistics about the behavior of visitors to its website(s) and may display this information publicly or provide it to others. However, Granite Research does not disclose personally identifiable information other than as described below.

Protection of Certain Personally Identifiable Information

Granite Research discloses potentially personally identifiable and personally identifiable information only to those of its employees, contractors, customers, affiliates of its customers, and other affiliated organizations that (i) need to know that information in order to process it on Granite Research’s behalf or to provide services available at Granite Research’s website(s), and (ii) that have agreed not to disclose it to others. Some of those employees, contractors, customers, affiliates of its customers, and other affiliated organizations may be located outside of your home country; by using Granite Research’s website(s), you consent to the transfer of such information to them. Granite Research will not rent or sell potentially personally identifiable and personally identifiable information to anyone. Other than to its employees, contractors, customers, affiliates of its customers, and other affiliated organizations, as described above, Granite Research discloses potentially personally identifiable and personally identifiable information only in response to a subpoena, court order, or other governmental requests, or when Granite Research believes in good faith that disclosure is reasonably necessary to protect the property or rights of Granite Research, third parties or the public at large. If you are a registered user of an Granite Research website and have supplied your email address, Granite Research may occasionally send you email communications. Granite Research takes all measures reasonably necessary to protect against the unauthorized access, use, alteration, or destruction of potentially personally identifiable and personally identifiable information.

Cookies

A cookie is a string of information that a website stores on a visitor’s computer and that the visitor’s browser provides to the website each time the visitor returns. Granite Research uses cookies to help Granite Research identify and track visitors, their usage of Granite Research website(s), and their website access preferences. When someone visits our website(s), we may use a third-party service to collect standard internet log information and details of visitor behavior patterns.

Visitors who do not wish to have cookies placed on their computers should set their browsers to refuse cookies before using Granite Research’s website(s), with the drawback that certain features of Granite Research’s website(s) may not function properly without the aid of cookies.

Business Transfers

If Granite Research or substantially all of its assets were acquired, or in the unlikely event that Granite Research goes out of business or enters bankruptcy, user information may be transferred to or acquired by a third party. You acknowledge that such transfers may occur and that any acquirer of Granite Research may continue to use your personal information as outlined in this policy.

Ads

Ads appearing on any of our website(s) may be delivered to users by advertising partners, who may set cookies. These cookies allow the ad server to recognize your computer each time they send you an online advertisement to compile information about you or others who use your computer. This information allows ad networks to, among other things, deliver targeted advertisements that they believe will be of most interest to you. This privacy policy covers the use of cookies by Granite Research and does not cover the use of cookies by any advertisers.

Privacy Policy Inquiries – Data Removal

Inquiries concerning your data, its use by Granite Research, this privacy policy, or have your data removed, please contact Granite Research by email at research@granite-research.com, and we will respond to you directly.

Privacy Policy Changes

Although most changes are likely to be minor, Granite Research may change its privacy policy from time to time, and at Granite Research’s sole discretion. Granite Research encourages visitors to frequently check this page for any changes to its privacy policy. Your continued use of this site after any change in this privacy policy will constitute your acceptance of such change.