What website does Electra Beverages have? Fran Harris is the founder of Electra Beverages, as well as the CEO of Harris Enterprises, LLC. This is a very good deal for a new startup. According to a research on healtline.com, it is safe for children, pregnant women, and breast-feeding mothers. She also showed the Sharks that she knew her business front and back. New players only. They aimed to create a beverage that would replenish essential nutrients and electrolytes lost during exercise while also providing a burst of energy to boost performance. Harris, a former WNBA player, founded the Dallas and Austin-based healthy sports drink company this autumn. As of June 2022, Electra Sports Drink was estimated to be worth $1.1 million. He is pursuing his BBA and being a curious mind loves learning new things. I started investing in mutual funds when I was 22 years old. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. Nik is the Entertainment and Technology Editor at Imm3rsive. Are Electra bottles recyclable and BPA free? Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. She asked for $200,000 in exchange for 20% of her business. If there is any other product or category than this, then confidence is useful in it but not in this business. Harris explained that she plans to sell directly to consumers online and in retail. Because of this, he cannot sign this offer. However, Fran Harris has been updating her backers on WeFunder. After this, Barbara negotiated and said that she would take 30%. WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. . The Philippines new tax reform bill, known as TRAIN orTax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. Corcoran offered $100,000 in cash and a $250,000 line of credit in exchange for a 40% equity stake. Electra Sports Drink is only available on its website. It is sweetened with Munk Fruit, an alternative to traditional artificial sweeteners. Kevin warns the founder that he needs more than just sales and confidence to succeed in business. With Barbara on board, I know Ill keep winning, said Harris. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. In this section, we will examine the challenges and competition Electra has faced, as well as how the brand has managed to differentiate itself and carve out a niche in the sports drink market. Electra is made with monk fruit, which is a natural sweetener that does not contain any calories or carbohydrates. However, after facing tough An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. Harris said she would do the first production for a value of $20K to $30K. Shein Business Model Breakdown: How Shein makes money? With so many online customers looking for hydration, this is a very good targeted audience for us. Their website address is https://idrinkelectra.com/. There are many brands already in this field. Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. Barbara Corcoran was the only Shark that made a bid for Electra. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. IReTron is a Los Gatos, California-based ecommerce and, Read More What Happened to IReTron After the Shark Tank Pitch?Continue, What Happened to CurlMix After Shark Tank Pitch? During the pitch, they asked for a valuation of $1,000,000. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. This would have valued the company at $1.75 million. [Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. By July of 2021, it was clear that Barbara had not finalized the sale. Fran has practically no sales because her company is still in its infancy. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Electras founder, Fran Harris, has many interests and was an athlete in college. He is a major landowner, with more than 1.5 million acres of ranches across the U.S. and Canada. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. Yes, She likes to go to the gym. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. What Happened To Electra After Shark Tank? sports drink container, which costs $2.99. Bottles that have not been opened have a shelf life of 12 months. | All You Need to Know. The company is stable and currently worth an estimated $2 million. This exposure helped to catapult Electra Sports Drink into the public eye, generating increased interest in the brand and its offerings. Corcoran and Harris agreed on a deal: $100,000 in investment and a $250,000 line of It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. Three delicious flavors waiting to So Cure Hydration, a brand from New York, has raised $2.6 million in funding. Is Electra Sports Drinks still in business? In Season 1, Episode 9 of Shark Tank, the firms creator seeks Barbara Corcorans advice after hearing about her previous business agreement with a company named Chill Soda. How she breaks into this big beverage space. In January of 2021, she opened up shop in Texas as Electra Beverages. This prevents him from accepting the offer. Kelsey McNeal | ABC Shark Also, in 2020, Electra has raised $40,000 from WeFunder. As of January 2022, the company is still in operation. Essential Startup Tools to Help You Launch in No Time, Top Free Invoice and Legal Documents Tool, How to write Startup Elevator Pitch with Examples. Coffee Meets Bagel Shark Tank Net Worth 2023. The drink is designed to provide healthy hydration to athletes and everyday doers. Fun Golf Betting Games | Spice Up Your Golf Game! Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. What is Potty Safe? Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show. However, it seems that the deal with Corcoran fell through as of July 2021. Yes, Electra is still in business today. Fran Harris is the President and CEO of Electra Beverages. In 2020, Electra raised $40,000 from WeFunder and is targeting $80-$100 million in sales by the next 5 years. She already managed a marketing firm, and she used his expertise to boost sales for her first product line. What Happened to The Dough Bar After Shark Tank? Because as she learned from her years as a professional athlete, its the great teams that win. Onum is a values-driven SEO agency dedicated. In 2022, Electras estimated net worth might reach $1.1 million. As of January 2022, Electra Beverages website does not presently offer a promotional code. With a devoted following and an expanding product line, Electra Sports Drink has experienced significant financial success. What exactly are The Longhairs? Electra Beverages sells how many products? The companys website states that in 2021, the founder gave 10% of their income to Food and Water. This is such a field, there are many big brands in it, which do not allow the small company to grow. Talking about Electras net worth, her net worth can be $1.1 million in 2022. What episode was Electra Sports Drinks aired? What Happened To Range Beauty After Shark Tank. The funding that the founder has raised from Shark Tank is going to be used for marketing and manufacturing. Founder asks Barbara Corcoran for her opinion on this business, Barbara talks about her old beverage business deal with a company called Chill Soda in Shark Tank Season 1 Episode 9, She had invested $50,000 in it but it got closed within the month and all her money was lost in it. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. Included Electra comes in three flavors- Passion Punch, Oh Yeah! She helped the company launch in early 2020 with an IndieGoGo campaign that raised $7,212. There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. Orange. Through strategic partnerships, endorsements, product innovation, and effective marketing efforts, the brand has managed to carve out a niche in the competitive sports drink market and amass significant wealth. They were marketing the product to athletes and other active people who were on the go during the off-season. Their sales rate is very good, apart from online, they also sell products in retail. Why Did ShowNo Towels Shutdown? Electra sports drinks are available on the company website. Did Electra Sports Drink get a deal on the Shark Tank? Electra is a sports hydration drink brand that appeared on Shark Tank in Season 12, Episode 95. PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. At the moment, this product is only accessible in the United States. After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. Since it initially aired, this new advertising has been released: As of July 2021, the deal with Barbara appears to have fallen through. After reading the nutritional labels, she discovered that sports drinks were mainly composed of sugar, artificial food coloring, and salt. WebNet Worth, Property and Erin Electra Insurance. Why Did Stayzilla Fail? In an industry dominated by a giant, who better to challenge the incumbent than a brand started by a champion athlete? This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Q2. No, She doesnt like Drinking. Consequently, these partnerships and endorsements have played a crucial role in boosting the brands net worth. The funding that Harris raised from Shark Tank was going to be used for marketing. The brand has collaborated with well-known athletes, fitness influencers, and sports teams, helping to raise its profile and generate increased interest in its products. Fran said she needed it to run the production smoothly, to get the R and D done properly and the remaining would help in the marketing. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. It is a sports hydration drink brand with a market value of US$ 15.2 billion in 2021 and a potential market value of US$ 25.5 billion by 2031. With this information, Corcoran agreed to lower her equity request to 30%, and Harris accepted her offer. also contains vitamins B3, B5, B12 and vitamin C, important vitamins for active individuals. This is also called the health sports drink category. 193 posts. Yes, she had a deal with Barbara Corcoran. In 2022, Electras estimated net worth might reach $1.1 million. No artificial ingredients, no high-fructose corn syrup (HFCS), no refined sugars, and no salt in any of their flavours. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. These partnerships have not only provided valuable marketing opportunities but have also helped to establish Electra as a trusted and reputable brand within the sports and fitness community. Your email address will not be published. This category only includes cookies that ensures basic functionalities and security features of the website. Fran Harris, a former WNBA star, is the founder of Electra sports drink. This presents an opportunity for Electra Sports Drink to further solidify its position in the market and increase its net worth. Net Worth of Electra Beverages. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022!. Is Electra Sports Drink still in business? In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. New York-based brand Cure Hydration has successfully raised $2.6 million. Q3. It is formulated with vitamins and electrolytes and is designed to be a better-for-you sports drink for the whole family. A significant factorin Electra Sports Drinks financial success has been its strong sales performance and extensive distribution network. This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. linktr.ee/idrinkelectra. The entrepreneur stated that she would spend between $20,000 and $30,000 on production and that the remaining funds would be used to staff logistics, sales, and marketing. Theres a new round of salary increases beginning January 1, 2022! The electrolytes in the product come Olivia Munn Bikini Photo from Las Vegas Shows Off Her, The Most Disregarded Fact Regarding Marijuana Explained, Cardi B Shows Off Her Thong Bodysuit in A New Instagram, Electra Drink Net Worth: What Happened to Electra in Shark Tank?. For added benefit, Liquid I.V. Because the product is created from natural materials, there are no known adverse effects. Check their Failure Analysis here! It also has very little sugar or artificial sweeteners. Daymond John says that he does not agree with Kevins point but it is a lot of challenges in the field, so because of this, he is out of this offer. Each 16 oz bottle only contains 60 calories. Electra Drink has also donated its 10% profit to STEM and Financial literacy programs to support water and food insecurity and is planning to go more into the retail segment. March 22, 2023 | In hitman 3 vr mod | By . This website uses cookies to improve your experience while you navigate through the website. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. Confidence is not enough. Shark Daymond John agreed and was also out. Are there any adverse effects of drinking Electra Beverages? Lori says she likes Harris smartness and confidence. Athletes are Electras target market. The brand, however, is not so much active on its social media site Facebook, Twitter, and Instagram. The store also offers powder packs for $19.99. When Dallas entrepreneur Fran Harris went out under the spotlights of ABCs famous show Shark Tank, she was searching for an investment to help her CPG firm Electra Beverages get off the ground. She led the University of Texas to an NCAA championship in 1986 and went on to become part of the Houston Comets team that won its first WNBA Championship in 1997. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. During her appearance on Shark Tank Season 12 Episode 9, Fran Harris was seeking $350,000 for a 20% stake in her sports nutrition company, Electra. Electra founder and CEO Fran Harris pitched to the panel of Sharks on Shark Tanks 12th season, asking for $350,000 in exchange for 20% in her company. She is an expert, thought leader, speaker, coach, consultant, or trainer looking to ascend to new levels of sales, revenues, and/or leadership through proven marketing and sales strategies that have produced more than $20 million dollars in product, speaking, training and consulting revenue. There is no capture of the market or any offline stores. Harris answered that around $30,000 will go to inventory, $25,000 will be for research and development, and the rest will go to logistics, sales, and marketing. It always pays to know every significant detail in your business. But opting out of some of these cookies may have an effect on your browsing experience. This equates to a $1.75 million valuation. According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. Fran Harris at 172 Heb Supermarkets in Texas in February 2022 to expand her product. This episode was re-aired for the first time just two months after it first aired. does not carry Electra, and Electra currently only sells powdery mixes through its e-store. WebElectra Champion. Harris was thrilled with the partnership with Barbara Corcoran and believed that she would continue to succeed with her support. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. What Is Electra Sports Drinks Shark Tank? Electra Beverages is a better-for-you functional beverage company. With its unique blend of vitamins, minerals, electrolytes, antioxidants, and amino acids, this drink is the missing link in the chain of sports Electra. Fran Harris founded Electra, which has offices in Dallas and Austin. Here is the complete analysis! In any case, the corporation has released some shiny new commercial advertising, so it seems like Barbara will be a part of this enterprise after all. If a company becomes its competitor, then they crush it. The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. In the following sections, we will delve into the various factors that have contributed to Electras Necessary cookies are absolutely essential for the website to function properly. In its pitch, the company stated that its 5-year target is $80-$100 million in sales. These drinks come in 3 different flavors Passion Punch, Orange, and Litty Lemonade. During the month of February of 2022, Fran Harris will be at 172 Heb Supermarkets across the state of Texas, selling more of her merchandise. During Season 12 Episode 9 of Shark Tank, Fran Harris appeared seeking $350,000 for a 20% stake in her sports nutrition company, Electra. Electras founder Fran Harris has a net worth of 900,000 USD as of WebElectra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. The three flavors, Passion Punch, Oh Yeah! The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. It is mandatory to procure user consent prior to running these cookies on your website. Electra is marketed as a supernatural hydration drink that is a game changer for athletes and anyone looking for a healthier sports drink option. She invested in herself by attending BevNet, a premier beverage conference. As there is no evidence of it, it also is not updated on the Barbara Corcoran website for her business list. The founder of Electra, Fran Harris, is a former WNBA Basketball star who created the drink out of frustration with current products in the sports drink space. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. She was tired of being frustrated by the nutritional label of the popular sports drinks shes been told to drink but left her feeling sluggish and did not help her recover at all. Rules & Strategy. Electra is a sports hydration drink brand that appeared on Shark Tank in 2021. Effective marketing and advertising have played a pivotal role in Electra Sports Drinks financial success. [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. Also, dont forget to download our Android app which contains startup and business book learnings, verified business knowledge and concepts, and no bullshit!! As of 2023, Electra Sports Drinks estimated net worth is approximately $120 million, given the brands continued growth and expansion into new markets in recent years. She believes there are consumers looking for hydration online, as well as in retail, and she intends to cater to both. Harris had virtually no sales as she had just started the company. Before coming to Shark Tank, an email has come from the Largest distributor who is going to work with them. Yes, it may be transported to any nation; however there will be an additional charge. According to Shark Tank Blog, Harris' unique idea of a healthy but efficient energy drink seemed to have caught the interest of at least one Shark, Barbara Corcoran. The founder of the Electra Drink brand, Fran Harris, asked for $350,000 in exchange for her companys 20% equity in Shark Tank. What Happened to Potty safe After the Shark Tank pitch? | Rules, and Formats, How to Play Hammer Golf Game? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Yes, Electras Fran Harris chose to partner with Barbara Corcoran. Dont forget to give it a good shake before serving. How do I make a payment to Electra Beverages? Harris introduced Electra as a better-for-you functional beverage hydration company. WebElectra Sports Drink update after Shark Tank questions - Marketing - StuDocu hvkvk electra sports drink update after million shark tank valuation article the article listed above and complete the following summary of the what is the net Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. Her net worth mostly stems from investments she made after selling her company for $66 million, back in 2001. This beverages market is very big, and the demand for sports drinks is very high, so because of this, the competition for this drink is also enough. The consent submitted will only be used for data processing originating from this website. The brand has employed a range of marketing strategies, from traditional advertising methods such as print, radio, and television to digital marketing campaigns on social media platforms and influencer partnerships. The company currently has a line of sports drinks coming in three flavors and is preparing for production with a manufacturing facility in Coppell. What Happened To The Blowzee After Shark Tank? Ten (10) % of our 2021 revenues will be donated to programs that help to eradicate food and water insecurity, as well as those that focus on STEM, The sports drink comes in three flavorsLitty Lemonade, Passion Punch, and Oh Yeah! The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. Electra seems to have a modest online presence, but it is still in business. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. The company was founded by a group of sports enthusiasts and nutritionists who identified a gap in the market for a sports drink that could cater to the specific needs of athletes. Oh, yeah, passion punches! Fran introduced herself and then gave a demonstration of her product and explained its benefits. You may get Electra sports to drink exclusively from their online store. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. Louis Vuitton Business Model: How Louis Vuitton makes money? Kevin says to the founder, you dont have any data in this business, more than sales and only confidence is not enough in this business. 2,025 followers. From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points generating a return of 800% over 30 years. She offered $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer. PSE Trading Hours in 2022: What time open, when closed? The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. Additionally, Electra has expanded its online presence, selling directly through its website and other e-commerce platforms. There is no indication that the deal has been completed, and the firm has not been posted on Barbaras website, implying that they are still in due diligence. After and before Shark Tank, Electra was featured by many big companies, due to which the trust score of this brand increased. $500 USD $1,000 USD (50% off) Everything in the previous perk plus some additional goodies including VIP status invitation to a private virtual event, 24-pk of Electra (8 bottles of each flavor) and a guest appearance on Electra podcast. Devils Advocate Theory: Does It Help Organisations? The drink comes in a variety of flavors, including Passion Punch, Litty Lemonade, and Electra-berry. Crispy Cones Net Worth, What Happened To Tngnt Ski Bikes After The Shark Tank? The founder, Fran Harris, created Electra after realizing how many calories and how much sugar was in some of the biggest sports drink brands on the market. As Electra Sports Drink continues to evolve and adapt to the ever-changing landscape of sports, fitness, and consumer preferences, its net worth is expected to grow. These cookies do not store any personal information. If an athlete has to keep his game right, then he has to take care of his fitness along with the game. She then laid out her offer of investing $100,000 cash upfront plus a $250,000 line of credit in exchange for a 40% stake in the company. These insights will not only help us better understand the brands performance but also offer aglimpse into the future potential of Electra Sports Drink and the sports beverage industry as a whole. However, she knew that she needed to gain more knowledge in running a beverage company. By focusing on product innovation, strategic partnerships, and targeted marketing efforts, Electra has been able to overcome these challenges and continue to grow its market share and net worth. What Happened ToElectraAfter Shark Tank? After much discussion, Barbara Corcoran made a counteroffer that was $100,000 Cash + $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With the Influencer and the deal was finalized. Electras founder, Fran Harris, picked up a shark in a unique way in Shark Tank. Fran shared that she had just started this company as it was at the stage of pre-revenue. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. The sports beverage industry is a billion-dollar industry ruled by the worlds most popular sports drink, Gatorade. Why Did LeSports Shutdown? What is a Risk Free Bet? Electra Net Worth: $1.17 Million: What is Electra Sports Drink? Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. This product provides people with energy without making them feel bloated. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. Her strategy involves selling it both in stores and directly to customers. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. Electra Sports Drinks is a new sports drink beverage on the market. What Happened to Uro Club After Shark Tank Pitch? However, after facing tough questioning and skepticism from the Sharks, only Barbara Corcoran made an offer. Electra Beverages. They have a high rate of sales, and in addition to selling online, they also sell to stores. Electra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. In 2020, Electra raised $40,000 from WeFunder. Licensing effect: How it impact businesses? Electra is an all-natural sports hydration drink brand that featured in Shark Tank Season 12 Episode 9. Fran handed the samples to the sharks. She said there are two famous celeb athletes who are willing to come on board for this business. The term healthy sports drink is often used to describe products in this niche. By the time the episode aired on January 8, 2021, wed changed the formulation based on customer tests and feedback. Fran explains its Not uncommon to change formulations in the food and beverage industry, or to improve a product in any industry., A post shared by Electra Beverages (@idrinkelectra), New episodes of Shark Tank air Fridays at 8 pm on ABC, right before 20/20 at 9 pm. How much money did Barbara Corcoran put up? We and our partners use cookies to Store and/or access information on a device. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. The business was formed by Fran Harris, a former WNBA player in the United States who previously played professionally in Switzerland. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job.
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