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PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce freshness solutions, announced today that the Company will present at the BMO Capital Markets 12th Annual Farm to Market Conference. The conference will be held May 17-18 at the Grand Hyatt New York. Executive Vice President and Chief Financial Officer Katherine Harper is scheduled to present on behalf of the Company on Thursday, May 18, 2017 at 3:30 p.m. ET. Interested parties can listen to a live webcast of this presentation on the Investor Relations section of AgroFresh's website at www.agrofresh.com. A replay of the webcast will be available after the event. A copy of the presentation will also be made available on AgroFresh's website concurrently with the event. To schedule a meeting with the Company please contact your BMO Capital Markets representative. AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in providing innovative data-driven specialty solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh™ Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh is currently commercialized in over 40 countries worldwide. Additionally the company has a number of different solutions and application technologies that have either been launched (Harvista, RipeLock, LandSpring) or will be launched in the future that will extend its footprint to other crops and steps of the global produce supply chain. For more information, please visit www.agrofresh.com.


News Article | May 9, 2017
Site: www.businesswire.com

PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. ("AgroFresh" or the "Company") (NASDAQ: AGFS), a global leader in produce freshness solutions, announced financial results for the first quarter of fiscal 2017, ended March 31, 2017. AgroFresh is in the business of preserving and enhancing the quality and freshness of food, reducing food waste and improving productivity. Jordi Ferre, Chief Executive Officer, commented, "First quarter results reflect the health of our business and give us confidence that our new operations focus and enhanced financial discipline are yielding results. We grew revenues for the second consecutive quarter, with growth of 15 percent in the first quarter compared to the prior year period. "Of particular note, we increased market share in the highly competitive Argentina market that saw two new competitors enter the market, further evidence that our new marketing initiatives, geographic and product diversification efforts, and introduction of the SmartFresh Quality SystemTM are strengthening our reputation as the industry leader. Additionally, we saw double-digit growth on sales of Harvista as compared to the first quarter of 2016. "Our strong top line growth led to overall financial results that were significantly improved from a year ago. As we continue to implement our growth strategy, it is encouraging that we have the support of Dow and Avenue Capital, who have not only exhibited their high degree of confidence by agreeing to make available up to $100 million in loans for approved acquisitions but have also improved our financial flexibility through our recently announced agreements.” Financial Highlights for the First Quarter Net sales for the first quarter of 2017 were up 15 percent versus the first quarter of 2016, primarily due to SmartFresh growth in Brazil and Chile as well as Harvista growth in Argentina. Stable margins, as gross profit of 82 percent was in-line with the first quarter of 2016. Research and development costs of $3 million were $1 million less than in the first quarter of 2016, reflecting more targeted research activities. Selling, general and administrative expenses of $16 million were reduced by over $3 million from a year ago due to efficiency and productivity improvements, Interest expense of $10 million was $5 million less than in the first quarter of 2016, driven by lower accretion of contingent consideration. The company continues to generate strong cash flow, with cash from operations of $9 million in the quarter. At March 31, 2017, the company had cash on hand of $85 million. Katherine Harper, CFO, said, “The new year is off to a strong start with improved top and bottom line performance. Consolidated margins were consistent with the first quarter of 2016 and continue to primarily reflect the impact of our evolving product mix and additional investment in growth initiatives. Over time, we expect to achieve better performance by driving down operating expenses. We expect the full year average run rate for SG&A to be $11 million per quarter. Our asset-light model, attractive cash flow and $85 million cash balance, together with the potential for up to $100 million acquisition support from Dow and Avenue, provide us with extensive financial resources to capitalize on the growth opportunities in the rapidly emerging food preservation and waste reduction space.” The Company will conduct a conference call to discuss its first quarter 2017 results at 8:30 a.m. Eastern Time on May 9, 2017. To access the call, please dial 877-883-0383 from the U.S. or 412-902-6506 from outside the U.S. The conference call I.D. number is 0345358. The call will also be available as a live webcast with an accompanying slide presentation, which will be accessible via the "Events & Presentation" page of the Investor Relations section of the Company's website at www.agrofresh.com. All participants should call or access the website approximately 10 minutes before the conference call begins. A telephone replay of the conference call will be available by dialing 877-344-7529 (US) and 412-317-0088 (International) until Tuesday, May 23, 2017. The replay I.D. number is 10106304. This press release contains the non-GAAP financial measure EBITDA. The Company believes this non-GAAP financial measure provides meaningful supplemental information as it is used by the Company's management to evaluate the Company's performance. Management believes that this measure enhances a reader's understanding of the financial performance of the Company, is more indicative of operating performance of the Company, and facilitates a better comparison between fiscal periods, as the non-GAAP measure excludes items that are not considered core to the Company's operations. The Company does not intend for the non-GAAP financial measure contained in this release to be a substitute for any GAAP financial information. Readers of this press release should use this non-GAAP financial measure only in conjunction with the comparable GAAP financial measure. Reconciliations of the non-GAAP financial measure EBITDA to the most comparable GAAP measure are provided in the table at the end of this press release. AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in providing innovative data-driven specialty solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh™ Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh is currently commercialized in over 40 countries worldwide. Additionally the company has a number of different solutions and application technologies that have either been launched (Harvista, RipeLock, Landspring) or will be launched in the future that will extend its footprint to other crops and steps of the global produce supply chain. For more information, please visit www.agrofresh.com. In addition to historical information, this release may contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, information concerning the Company's possible or assumed future results of operations, including all statements regarding financial guidance, anticipated future growth, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's management's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; costs related to operating AgroFresh as a stand-alone public company; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company's filings with the SEC, which are available at the SEC's website at www.sec.gov. [1] EBITDA is a non-GAAP financial measure. Please see the information under “Non-GAAP Financial Measures” below for a description of EBITDA and the tables at the end of this press release for a reconciliation of Non-GAAP financial measures to GAAP results. The following is a reconciliation between the non-GAAP financial measure of EBITDA to its most directly comparable GAAP financial measure, net loss:


PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce freshness solutions, continues to lead the industry with LandSpring, securing EPA approval for its use on 12 additional crops beyond tomatoes and peppers. The innovative pre-transplant technology can now be used on the following seedling crops: broccoli, brussels sprouts, cabbage, cantaloupe, cauliflower, cucumber, eggplant, gherkin, muskmelon, bell pepper, non-bell pepper, summer squash, tomato and watermelon. LandSpring maintains seedling quality through the transplanting process and minimizes the impact of plant stress both during transport and in the field. Application to seedlings 1-3 days prior to transplanting mitigates the negative effects of plant stresses such as heat, cold, drought, excess water, salinity, fertility, disease, insect damage and physical damage. Plants are then able to establish more quickly in the field and maintain better health early in the growing season, which maximizes yield potential for growers. “The results experienced during research trials and by our current tomato customers are proving LandSpring to be highly effective,” said Tim Malefyt, Global Brand Manager. “We are excited to be able to offer the protection that LandSpring provides to these additional crops to help mitigate the widespread issue of transplant shock, reduce seedling mortality and maximize yield potential. LandSpring is just one example of AgroFresh’s continued commitment to the development of innovative technologies in this area for growers, packers, and processors.” EPA approval of these expanded crops more than doubles the acreage on which LandSpring can be used and now covers most transplanted seedling crops. LandSpring is currently registered for use in the U.S., with the exception of California. California registration has been filed and is expected in 2018/19. In addition, AgroFresh will be establishing global distribution over the next 2 years as registrations are approved for priority markets. For more information, visit LandSpring.info or contact Mark Hooper at markhooper@agrofresh.com. AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in providing innovative data-driven specialty solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh™ Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh is currently commercialized in over 40 countries worldwide. Additionally, the company has a number of different solutions and application technologies that have either been launched (Harvista™, RipeLock™, LandSpring™) or will be launched in the future that will extend its footprint to other crops and steps of the global produce supply chain. For more information, please visit www.agrofresh.com. In addition to historical information, this release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, the Company’s possible or assumed future results of operations, including all statements regarding anticipated future growth, adoption of the Company’s products, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company’s filings with the SEC, which are available at the SEC’s website at www.sec.gov.


News Article | July 7, 2017
Site: www.businesswire.com

PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce freshness solutions, received notice on June 30, 2017 from the United States District Court in Delaware that the Court has ruled AgroFresh to be the owner of the U.S. Patent No. 9,394,216 (the “‘216 patent”) technology, the core technology used in the product marketed as TruPickTM. This judgment resolves a key aspect of the litigation filed by AgroFresh against its former consultant, MirTech, and MirTech’s principal shareholder, Nazir Mir. In its Opinion, the Court held that the relevant sections of the agreements between the parties were “clear and unambiguous” and that under the terms of those agreements, MirTech automatically assigned to AgroFresh the ‘216 patent technology. “We are pleased that the Court validated AgroFresh’s claim of ownership to the ‘216 patent technology. AgroFresh remains committed to defend its intellectual property and continue investing in proprietary innovations to offer its 3,000 global customers unparalleled technology and service to improve fruit and vegetable quality and to reduce food waste,” said Jordi Ferre, AgroFresh CEO. AgroFresh will now pursue its remaining claims in Court, including its damages claim. AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in providing innovative data-driven specialty solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh™ Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh is currently commercialized in over 40 countries worldwide. Additionally, the company has a number of different solutions and application technologies that have either been launched (Harvista™, RipeLock™, LandSpring™) or will be launched in the future that will extend its footprint to other crops and steps of the global produce supply chain. For more information, please visit www.agrofresh.com. In addition to historical information, this release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, the Company’s possible or assumed future results of operations, including all statements regarding anticipated future growth, adoption of the Company’s products, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company’s filings with the SEC, which are available at the SEC’s website at www.sec.gov.


Manriquez D.A.,AgroFresh | Munoz-Robredo P.,Institute Investigaciones Agropecuarias INIA La Platina | Gudenschwager O.,Institute Investigaciones Agropecuarias INIA La Platina | Robledo P.,Institute Investigaciones Agropecuarias INIA La Platina | Defilippi B.G.,Institute Investigaciones Agropecuarias INIA La Platina
Postharvest Biology and Technology | Year: 2014

Flavor is one of the most important attributes of fresh fruit for the consumer, and is affected by several factors, including genotype, maturity stage, and environmental conditions. Flavor-related metabolites were characterized in two important cherimoya varieties, cv. Concha Lisa and cv. Bronceada, during fruit ripening. The most important sugars present were glucose, fructose and sucrose, and only fructose and glucose increased during ripening. The most important acids were tartaric, malic and citric acids, and all increased as ripening progressed. Overall aroma profile was mainly determined by esters and terpenes in both varieties. Ester compounds such as ethyl hexanoate, butyl butyrate and hexyl propanoate increased during ripening. The activity of alcohol acyl transferase also increased during fruit ripening concomitant with ester accumulation. Terpenes, such as α and β-pinene, showed a reduction during ripening, whereas others, such as myrcene and limonene, increased. © 2014 Elsevier B.V.


News Article | February 27, 2017
Site: www.businesswire.com

PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ: AGFS, AGFSW), a global leader in produce freshness solutions, announced today that it will release fourth quarter and full year 2016 results before the market opens on Thursday, March 9, 2017. Management will also hold a conference call to discuss the results on Thursday, March 9, 2017 at 8:30 a.m. ET. To access the call, please dial 877-883-0383 from the U.S. or 412-902-6506 from outside the U.S. The conference call I.D. number is 9621365. The call will also be available as a live webcast, which can be accessed in the "Investor Relations – Events & Presentations" section of the Company's website, www.agrofresh.com. AgroFresh Solutions, Inc. (NASDAQ: AGFS/AGFSW) is a global horticultural produce industry leader, providing a portfolio of innovative products and specialty services to maintain the freshness, quality and value of fresh produce and flowers. Its core products include SmartFresh™, the proven post-harvest freshness protection technology for produce; Harvista™, the advanced pre-harvest technology for apples and pears; and RipeLock™, the innovative post-harvest quality system for bananas. AgroFresh currently operates commercially in more than 40 countries and employs more than 170 people worldwide. For more information, visit www.AgroFresh.com. ™Trademark of AgroFresh Inc. ©2016 AgroFresh Solutions, Inc. All rights reserved.


Boyhan G.E.,University of Georgia | MacLean D.,Agrofresh | Bateman A.G.,Vidalia Onion Research Laboratory | Tate S.,Horticulture Farm
International Journal of Vegetable Science | Year: 2012

Pumpkins are difficult to produce for fall markets in the southeastern United States. Diseases, particularly aphid (Myzus persicae and Aphis spp.)-transmitted virus diseases, make fall pumpkin production difficult. Controlled-atmosphere (CA) storage may offer a method of overcoming this problem by using spring- or summer-produced pumpkins held in CA storage for fall sales. The objective of this study was to evaluate CA storage of pumpkins from spring and summer production. Pumpkins (Cucurbita pepo L.) were stored under ambient conditions (≈ 70-90°F, ≈ 40%-60% relative humidity [RH]) and CA conditions (3% O 2, 5% CO 2, 50°F, and 60% RH) to compare postharvest storage and shelf life. Pumpkins stored under CA conditions had significantly less damage than pumpkins stored under ambient conditions. There were significantly more marketable fruit after CA storage. Cultivar did not affect results. Although there were differences between storage methods, CA-stored pumpkins still had significant loss due to fungal pathogen activity. In 2007, 14% of pumpkins from CA storage were unmarketable fruit, with an additional 55% showing some damage. In 2008, 40% of pumpkins stored under CA conditions were unmarketable. Additional steps including surface sanitization would likely be required prior to widespread adoption of this technology. © 2012 Copyright Taylor and Francis Group, LLC.


News Article | December 5, 2016
Site: www.businesswire.com

PHILADELPHIA--(BUSINESS WIRE)--AgroFresh (NASDAQ: AGFS) has received approval from the Brazil Ministry of Agriculture, Livestock and Supply for the use of SmartFresh™ SmartTabs™ post-harvest technology on watermelons. Brazil is one of the top grower-exporters of melons, including watermelons. “AgroFresh is committed to investing in research to expand the benefits of SmartFresh technology to new crop segments,” said Jeferson Nunes, Latin America Commercial Director for AgroFresh. “With the recent approval for watermelons, Brazilian suppliers will now have the tools to export more high-quality fruit to the growing European and Asian markets.” Brazil exported 206,000 metric tons of melons in 2015. According to Abrafrutas, the Brazilian association of producers and exporters of fruit, the country is looking to continue to meet the increased international demand for tropical fruits, including melons. Technologies such as SmartFresh are important for delivering consistent quality and supply of fruit to market. SmartFresh is a post-harvest application of 1-methylcyclopropene (1-MCP), which inhibits ethylene recognition in fruit, maintaining the quality and taste consumers prefer from storage to transportation and consumption. SmartTabs, one of three modes of delivery for SmartFresh technology, provides a convenient way to apply it in existing storage rooms or containers. SmartFresh also is registered for use on apples, avocados, bananas, limes, guavas, mangoes, plums, persimmons, tomatoes, papayas and kiwifruit in Brazil. For more information, visit AgroFresh.com or contact your local AgroFresh representative. AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global horticultural produce industry leader, providing a portfolio of innovative products and specialty services to maintain the freshness, quality and value of fresh produce and flowers. Its core products include SmartFresh™, the proven post-harvest freshness protection technology for produce; Harvista™, the advanced pre-harvest technology for apples and pears; RipeLock™, the innovative post-harvest quality system for bananas; and LandSpring™, an innovative pre-planting transplant shock reduction application for tomatoes and peppers. AgroFresh currently operates commercially in more than 40 countries and employs more than 170 people worldwide. For more information, visit www.AgroFresh.com. In addition to historical information, this release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, information concerning the Company’s possible or assumed future results of operations, including all statements regarding anticipated future growth, adoption of the Company’s products, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company’s filings with the SEC, which are available at the SEC’s website at www.sec.gov. ™Trademark of AgroFresh Inc. ©2016 AgroFresh Solutions, Inc. All rights reserved.


Conner P.J.,University of Georgia | MacLean D.,AgroFresh
HortScience | Year: 2013

Anthocyanin content and composition and CIE 1976 (L*, a*, b*) color space (CIELAB) color coordinates were examined for the skin of 22 muscadine grape (Vitis rotundifolia Michx.) cultivars and Muscadinia Planch germplasm. Analysis of berry skin extracts by high-performance liquid chromatography (HPLC) determined that anthocyanin content varied from less than 100 μg·g-1 in bronze and pink berries to over 5500 μg·g-1 in highly pigmented black berries. The anthocyanins delphinidin, cyanidin, petunidin, pelargonidin, peonidin, and malvidin were detected in their 3,5-diglucosidic forms. Analysis of berry color with a colorimeter revealed chroma (C*) ranged from 2.4 to 22.8 with the highest values occurring in bronze- and red-colored berries. As anthocyanin concentration increased, lightness (L*) decreased to a low of 20 to 23 in black-colored berries. Pink and red skin colors were primarily a result of lower levels of total anthocyanins, although there was also a shift away from delphinidin and petunidin production toward more cyanidin and peonidin. Malvidin, the most important anthocyanin for muscadine wine and juice color stability, was only abundant in a few clones, all of which had V. munsoniana (Simpson ex Munson) Small or V. popenoei (Fennell) Small in their pedigree. The interspecific hybrid 'Fennell's 3-way Hybrid' had the largest proportion of malvidin, contributing ≈58% of the total anthocyanin content. This clone also had low levels of delphinidin and high total levels of anthocyanin, making it a promising source for the improvement of muscadine grape pigment profiles.


SmartFresh SM (1-MCP) has demonstrated its efficacy when used for pear storage, but with the potential issue, on some cultivars or with early harvests, of delaying the softening of fruit during shelf life. Two useful tools to deliver quality pears overcoming this issue of hard fruit are herewith presented, namely temperature management during storage (which implies also lower energy input) and application of low doses of ethylene together with 1-MCP. Results are presented from trials in European countries and South Africa. Preliminary positive results have been obtained when increasing the storage temperature from-0.5 up to 1.5°C on 'Abbé Fétel', 'Conference' and 'Blanquilla' cultivars, and using commercial doses of 1-MCP applied in the ratio of 1:0.5 to 1:2 with ethylene on 'Conference' and 'Packham's Triumph' cultivars. Both tools delivered fruit which softened according to market requirements, while keeping the expected high quality including the reduction of superficial scald and bruising, whenever present.

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