Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48618 Church Street, Ste. 520 Nashville, TN 37219 PHONE: (615) 250-7792 EMAIL: afs@afssociety.org WEBSITE: www.afssociety.org © Copyright 2017 by The American Filtration & Separations Society. Reproduction of any material in this report is strictly forbidden without express permission of the Publisher. Filtration & Separation Industry A Solutions Driven Industry for the World Around Us… Author: Thomas H. Ramsey Ramsey Strategy Consultants, LLC Editing Committee Members: Rob Bender Consultant Todd Furbee Delta-Pure Ed Gregor Edward C. Gregor & Associates Thad Ptak AO Smith Klaas De Waal International Filtration News Chris Wallace Filtration Technology Corporation Mark Willingham Filtrate Solutions 4 AMERICAN FILTRATION & SEPARATIONS SOCIETY A Point of View Publication of The American Filtration & Separations Society