A Global Hidden Champion of Al-based Skincare Solution Areas

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Maekyung Buyers Guide conducted a personal interview with lululab’s CEO Choe Yongjoon who outlined the active expansion of the company in global markets.

 

Please tell us about your company and your main engines for growth

lululab was formerly known as C-Lab, an in-house venture company for Samsung Electronics. Based on a concept developed by Choe Yongjoon, CEO of lululab, a team of highly qualified R&D personnel from Samsung Electronics has launched Lumini. lululab’s biggest driving force is that all its staff work in unison with a clear vision to interconnect the beauty market with skin data.

 

Give us some details about your main products

Lumini is a skin care solution that analyzes the entire face in a single shot to select and recommend a product most suitable for the user’s skin type based on artificial intelligence (AI). The most outstanding feature of Lumini is the application of a self-developed AI technology for all three steps-taking a photo, skin analysis, and product recommendation.
The real-time facial recognition technology produces optimized images for analysis and the deep-learning algorithm steadily enhances analysis accuracy. In order to recommend data, it analyzes the user’s review data as well as basic product data through natural language-processing to find a product suitable for each user’s skin

The purpose of product planning
Lumini was created based on the ideas of how the beauty market will grow in size over time, whereas there is no IT solution or data-based service for it. Besides our vision to collect data on skin types and interconnect the beauty market with Lumini, we have a long-term ambition to expand the skin data into the healthcare sector, and thus to contribute to improvement of the quality of human life.

Competitive edge over other global counterparts
Lumini is distinguished by the fact that this small device can analyze and digitize the entire skin in a single shot by using AI technology, making it a new solution that overcomes the limitations of the existing large machines or small touch-input devices.

Current marketing progress and future outlook
We have participated in the world’s top IT exhibitions including ITU, CES, and Cosmoprof as part of our efforts to advance into the global market. Afterwards, we signed MOUs with major partners worldwide and consultations are under way regarding the initial market launch.

 

What are your major export markets and emerging markets?

Concerning the utilization of Lumini technology, the most active discussion is centered on the export markets leading the global beauty industry including the USA and France. We are committed to working with the advanced companies that are open to new technologies and leading new trends. In addition, we are mounting a big push into China and Vietnam where K-Beauty has a high awareness and preference and rapid growth is being experienced.

 

Do you have a particular management philosophy as a CEO?

“Do what can to contribute to improvement of the quality of human life.” That is my management philosophy. Studying bioengineering in the United States, I researched into early detection of various diseases through DNA. As average human life expectancy is increasing, I personally felt dedicated to improving people’s quality of life while minimizing the extended but bedridden period.
Thus, we have focused primarily on the beauty care aspect of Lumini, but in the long run, we are looking to expand it into healthcare. My sincere aspiration is to provide a service to detect diseases early based on the vast skin data accumulated by using Lumini.
In terms of managing the company, as a budding start-up company, we are paying close attention to allowing each staff member to demonstrate their abilities to the fullest. It is my utmost goal as a CEO to share the joy of realizing our common objectives all together.

 

Do you have any future plan and one last message for your foreign buyers and customers?

We have a vision to interconnect all the units in the skin care market by collecting data on skin types through Lumini solutions. The biggest advantage of Lumini is the adoption of AI technology-the most talked-about issue in many fields lately-for the first time in the beauty industry, allowing consumers to use it easily and conveniently. Starting from this spring, we are providing this AI skincare service that can be applied within ten seconds to our customers worldwide. By offering solutions to suit the skin data, we look forward to fundamental changes in the beauty market.

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Development of Silver Fiber Flexible Transparent Electrodes

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Overcoming Silver Nanowires’ Limitations and Enabling Flexible OLED Introduction

While OLEDs are emerging as a new display technology, there are many reasons why nanowires used for OLED production have limitations. Accordingly, Korean researchers have developed a technology to overcome this shortcoming.
The National Research Foundation of Korea (Chairman Cho Mu-je) announced that professor Ju Byeong-kwon (Korea University) and Professor Park Yeong-wook (Sun Moon University) of developed flexible transparent electrodes for displays with remarkably improved luminous efficiency by producing silver fibers 100 times longer than silver nanowires.
Silver nanowires feature silver wire network structures with sections whose diameters are in centimeters. While current ITOs are not flexible, silver nanowires are flexible and have excellent conductivity and transparency as ITO electrodes. Due to this fact, silver nanowire is gaining popularity as a promising material for flexible transparent electrodes for next-generation flexible displays and lighting devices.
However, the length of nanowires is limited to several dozen micrometers (µm), which limits improvements in conductivity and transparency in utilizing silver nanowires in OLED displays and surface roughness increase due to line joining, giving rise to a limitation of being electrically unstable.
Using an electrospinning process, the team developed silver fiber electrodes with a length of several centimeters (centimeters) in length and no junctions, ensuring conductivity, transparency and electrical stability.

The electrospinning process is a process by which fibers produced by injecting a polymer solution into an electric field. As the process is simple and can produce a large area of fibers, this process can thus be applied to large OLEDs for display and illumination.
The research team maximized conductivity and transparency by controlling the thickness and density of silver fibers, resulting in 19% higher energy conversion efficiency than OLEDs using ITOs.
“This research is the first case of developing a silver electrode that overcomes the limitations of silver nanowires and introducing them to OLED,” explained Professor Ju Byeong-kwon. “It is expected that the silver fiber will contribute to securing the core technologies in wearable display and lighting market.”
“Silver fiber flexible transparent electrodes can be applied to various optical electronic devices such as LEDs, solar cells, touch screens, and optical sensors in addition to OLEDs. Silver fibers with excellent conductivity and transparency have great potential in various application fields, “Silver fiber electrodes can be produced to have wide areas and have low resistance. Therefore, when a silver electrode is applied to OLED lighting, which is being researched as next-generation lighting, we can solve problems such as high driving voltage and non-luminescence.

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Pico-toning Laser System

https://korean-electronics.com//inquiry[INQ. NO. 1802E08] POICOCARE450, which is based on WonTech’s picosecond, is the first 450ps system in the nation with the approval of the Korea Food and Drug Administration.
POICOCARE450, a system specialized for pico-toning, can effectively remove the pigment legions including tattoos, dark spots, freckles, moles, and blemishes. In the case of tattoo removal treatment, POICOCARE450 can satisfactorily remove a multi-colored tattoo, which could not be easily done before, with just 2~3 sessions of treatments. For example, in the case of a freckle, three POICOCARE treatments can produce a similar result as six treatments of nano laser toning treatments. Before the system is used, Wontech confirms the pulse of Oscilloscope Pro 450 Picosecond that can ensure the pulse duration. The durability and safety of the system can be confirmed during the long demonstration period. The beam is soft on the skin without the short burning that the Q-switched Nano Laser would give, so the treatment can be conducted on sensitive and susceptible patients. It gives less discomfort to some patients thanks to less pain/burning sensations than the conventional nano laser. Currently, ‘POICOCARE450’ offers basically 1064nm, 532nm wavelengths, and a 595nm/660nm Dye hand-piece is added. When needed, an optional hand-piece can be used for various red/pigmented legions. Additional use of a Focused Fractional Laser will be effective for scars, lifting, and elasticity. ‘POICOCARE450,’ which can be variously utilized, will give much satisfaction to patients since it causes less pain and requires fewer effective treatment sessions.

 

How to Maximize Treatment Effect of POICOCARE450

When the strong 1064nm, 532nm treatment is done, it is essential to use a regenerative cream, and a sun block lotion should be generously applied. A prescription whitening cream can be prescribed, or a steroid cream can also be applied when the treatment is overdone.

Established in 1999, Wontech is a global medical device manufacturer specializing in R&D, production, and sales of lasers, ultrasounds, and high-frequency medical devices, which are based on its superior knowledge. Listed on KONEX in 2015, its sales and business profits increased to a great extent, and Wontech won the ‘Korea KONEX Award’ in May 2016. Its R&D employees comprise 50% of the entire workforce, and Wontech owns more than 170 cases of intellectual property rights. Its major product, POICOCARE450 is a cutting-edge laser, which is very effective in removing skin pigmentations like tattoos, freckles, dark spots, and moles. POICOCARE450 has competitive functions when compared with top global brands, so it gets huge support domestically and globally. Hairbeam, Wontech’s B2C product, is a personal hair-loss treatment device. It was first advertised in a home-shopping show and it ended tup being one of the company’s major products. Wontech is aiming to lead the home self-care market by launching Hairbeam in the Chinese market. In order to advance as a global anti-aging product company from the current medical laser specialty manufacturer, Wontech will reinforce its B2C business. In the long run, by developing laser systems related to the surgical field, ENT, urology, and neurological surgery, it will aim to become a global medical device manufacturer beyond being an aesthetic device company.

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AI-based Body-Composition Analyzer

https://korean-electronics.com//inquiry[INQ. NO. 1802E07] SELVAS Healthcare has launched a next-generation body-composition analyzer ACCUNIQ BC380.
ACCUNIQ BC380 is a next-generation intelligent body-composition analyzer, which reflects the digital healthcare company’s accumulated product development know-how, cutting-edge information technology and the findings of consumer researches conducted in step with market trends and U.S. clinical test results.
The new analyzer has further raised the accuracy of body composition measurement through its high correlation with Dual Energy X-ray Absorptiometry (DEXA) at a U.S. clinical trial center IHT. It also applied innovative software technologies to product design, UI screens and result sheets.
The company’s first after-sales service ‘ACCUNIQ Remote Support’ connects users to the customer service department of SELVAS Healthcare remotely from anywhere around the world. As a result, ACCUNIQ BC380 can be diagnosed, repaired and upgraded more easily.
The new product also offers personalized diet and exercise prescriptions personalized on the basis of measurement data in conjunction with ACCUNIQ Manager, proprietary software to manage the individual user’s body composition data. It can be linked with a series of ACCUNIQ ultrasound height meter and fully automatic blood pressure monitors.
“By launching ACCUNIQ BC380, we plan to set a new industry standard for body composition analyzers in the global market,” explains SELVAS Healthcare CEO Ken B. Yoo. “Our goal is to become a leading digital healthcare company by integrating our expertise in body composition analysis, artificial intelligence and IoT technologies.”
SELVAS Healthcare, Inc. was listed on the KOSDAQ in September 2016 after it was renamed from Jawon Medical Co., a leading medical device manufacturer since 1993. SELVAS Healthcare has been solidifying its position in the global medical device market by releasing innovative products based on the AI technology of its subsidiary SELVAS AI. Its major products include ACCUNIQ BP850 (a.k.a. EX PLUS 1300), the world’s first dual-arm blood pressure monitor which can measure the blood pressures difference between both arms, body composition analyzers, braille terminals, video magnifiers and text-to-speech voice readers.

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Smart Monitoring Thermometer

https://korean-electronics.com//inquiry[INQ. NO. 1802E06] ChoisTechnology launched the smart monitoring thermometer – Thermosher – in 2016. The existing thermometers commonly adopted a principle that measures continuously through the head or forehead. However, the measurer and the subject had to wake up at night, which may cause inconvenience.
In order to alleviate this inconvenience, ChoisTechnology created the Thermosher that attaches a thermometer to the body and confirms body temperature information on a smartphone in real time. According to the medical device approval standard, the contact thermometer should pass ±0.1°C in terms of the temperature measurement error.
Considering that the approval standard of non-contact thermometer, which is ±0.2°C, its product is performed more precisely than the non-contact thermometer. In addition, the non-contact thermometers may have different positions during the measured time, but one of the advantages is that the contact thermometer can constantly monitor temperature at the same location.

Currently, the contact and monitoring smart thermometers such as Thermosher are becoming increasingly popular on the global market. Temp Traq is a representative example in the United States, and there are similar products available in the Chinese and European markets. Temp Traq only operated once for 24 hours. On the other hand, Thermosher can be used semi-permanently by using the battery. And it designed to be attached to sensitive skin safely by using a small, slim silicon patch.
The market for home U-healthcare combined with IoT technology is increasing. In combination with IoT technology, ChoisTechnology is increasing the need for more convenient bio-information measuring devices in proportion to the need to constantly measure and manage an individual’s biometric information. Since then, ChoisTechnology has advanced into the medical device market by adopting wireless interface technology that it has accumulated since 2001, and now ChoisTechnology is developing products such as respiration monitoring device, wireless smart thermometer, wireless electrocardiogram monitor, wireless pulse oximeter (SpO2).

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X-Ray Grid, Core Part of the X-Ray System

https://korean-electronics.com//inquiry[INQ. NO. 1802E05] X-ray Grid is the flagship product of JPI Healthcare. X-ray scattering occurs when an X-ray for medical diagnosis passes through the human body. X-ray Grid absorbs the scattered rays and passes other X-rays and delivers them to a film or detector and makes patient diagnoses accurate and easy. In the case of X-rays, X-ray Grid is an integral part of X-ray equipment because X-rays generates a lot of scattered rays while passing through a subject with a thickness of 10 cm or more.
JPI Healthcare has continuously developed a cutting-edge grid to keep pace with the rapidly changing era of digital medical devices. In addition, the company is making a special grid optimized for the newly emerging breast cancer diagnostic X-ray sector through a new manufacturing method and already successfully developed a grid that befits next-generation 3D X-ray diagnostic equipment in this sector. JPI Healthcare is a Korean export-leading manufacturing company that has been recognized for its know-how and quality accumulated for about 30 years in the field of grid components. In particular, JPI Healthcare’s technological prowess has been well recognized to the extent that global leaders such as GE Healthcare and Siemens are using its grid parts.
JPI Healthcare is more than an X-ray component and equipment company; it is your imaging solution provider. Since 1980, JPI has contributed to the improvement of the quality of healthcare, and continues to develop new technologies that advance the ever-changing field of radiology. JPI works closely with X-ray equipment manufacturers to enhance image quality, ensuring early intervention through proper diagnosis.
JPI’s core competency is its ever diligent R&D team and commitment to manufacturing superior products and components. JPI Healthcare is confident in both its conventional as well as digital X-ray product lines.

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Third-generation Smart Band ‘InBody Band 2’

https://korean-electronics.com//inquiry[INQ. NO. 1802E04] InBody Band 2, which can be called a third-generation smart band, is the second smart band product of InBody which has become a leader in body composition analysis. This product can be used for various purposes as the product has basic body walking / sleep analysis / notification functions like other smart bands as well as being able to perform body composition tests.
InBody Band 2 has features that are inherently different from second-generation smart bands which typically only measure heart rates, function as a pedometer, and receive smartphone alerts. This device also records and shows including information such as body fat, muscle mass, burned calories and easy training and walking distances.
The device is not only compatible with both Android phones and the iPhone, but also reduces the burden of carrying it due to its small size and light weight.
So, unlike ordinary smart watches or smart bands, its users can sleep with InBody Band 2 so it can be called a smart product that can systematically measure and record sleep time, calorie consumption, and physical changes.
InBody Band 2 can store data for two weeks. It is possible to view changes at a glance by storing and recording data longer through an interworking function.
The product also has a waterproof level of IP68, so it can be worn virtually 24 hours a day because it can withstand swimming or water sports among others.
InBody Band 2 is not only different from most products that need to be recharged every day, but can also be used as a fashion accessory thanks to its high degree of perfection. This device can also replace expensive body fat measurement equipment.

InBody Band 2 is capable of recording and managing very detailed information, to the extent that it can be called a product for professionals. Just by inputting his or her weight, the user can find out his or her muscle mass, body fat, body fat percentages, BMI index and even hear the result interpretation.
In other words, rather than just checking current physical conditions through numbers, its users can be coached based on figures about their physical conditions, exercising or eating habits.
These figures can also be viewed at a glance based on the recent records through the change graphs, and they can be compared with their friends’ records to look at the rankings.
In addition, users can check how much they walked with InBody Band 2. They can collect smart records as InBody Band 2 enables them to record calorie consumption and various exercises such as bench presses, kettlebell swings, shoulder presses, crunches and lunges among others through easy training in a smart way.
In addition, InBody Band is an excellent smart band that measures all moments from rising to going to bed and properly grasps body conditions as the device offers explanations about sleeping based on the results of sleeping in addition to the quality of sleep, deep sleep, tossing and turning, and waking hours through sleep time.

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Endoscopic Vision System

https://korean-electronics.com//inquiry[INQ. NO. 1802E03] As a leading manufacturer of otolaryngology devices for the ear, nose and throat in Korea, Chammed has been manufacturing E.N.T. treatment unit, chair, medical endoscopic visual system, respiratory care devices, etc. and exporting to around 60 countries.
In particular, the China branch was established in 2009, in recognition of the steady marketing and high technology achieving the top share for imported products in the Chinese market.
Following the China branch, a Germany branch also established in 2015, on the basis of differentiated technologies and services trying to enter the European market.
Through intensive research and development on medical imaging field which is promising area for medical devices in Korea, the company became the first commercialized company for medical use Full HD camera system. Through this “CLARVION” series of products, Chamed enters a new era as one of Korea’s representative venture companies in its field and was selected “Korean World Class product”.
Furthermore, beyond the E.N.T. market, based on the accumulated technologies in medical camera, now extends its product range to nearly all departments of hospitals using medical cameras that are already dominated by global companies and bringing a new change of paradigm.
Since being established in 2005, Chammed has enjoyed a good reputation for its high-quality and professional services from all over the world. The company operates its business based on the core values which include first-class quality, technology and service. As a result of its continued efforts, it was selected by the Korean government as one of the promising exporters with high growth potential.
Chammed’s two attractive endoscopic vision system models FHD-C3, L3 are emerging as ones of representative endoscopic vision system in global markets, with built-in cutting-edge competitive capacities. The main features include direct transferring of image to USB memory, autoclavable camera, wireless foot sticks, heads, switches, up to four images of screen dividing function, transferring of network image to remote computer, and connectable with RCS-C3 or RCS-V1 and HD.

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High-Pressure Steam Sterilizer

https://korean-electronics.com//inquiry[INQ. NO. 1802E01] Hongik Medical Systems recently launched a compact high-pressure steam sterilizer. The sterilizer is convenient to operate thanks to its one-touch mode and can sterilize handpieces and instruments of various kinds at once. It is possible to perfectly sterilize them in a short time by putting saturated steam in the chamber. The sterilizer is very small so easy to install even in a small space. The sterilizer minimizes the wear of handpiece cartridges and instruments and helps to extend their service lives. It is safe to use the sterilizer as the sterilizer is loaded with double (electrical and mechanical) safety devices. Its sterilization time is short, which can elevate turnovers of handpieces and instruments.
Its operating mechanism is similar to that of general high-pressure steam sterilizers but this sterilizer differentiates itself from other similar products in that it has a two-liter chamber and reduces operation time from start to end to 10 minutes. This product was developed to safely and quickly sterilize various small medical devices such as dental mirrors, implants, scalers as well as handpieces.
Its chamber is 3cm longer than other products, which maximizes the user’s convenience when inserting and pulling out handpieces and utensils. Hongik Medical Systems developed and is producing the sterilizer on its own. It is superior in quality and performance than other products. It is easy to replace old consumables with new ones and repair. The sterilizer is 200 (W)X413 (H)X450(D) mm. Its chamber is Φ89 x 215 (D) mm. It weighs 14kg and its accessories include an external printer and cartridges among others.

 

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SK Hynix and Samsung Electronics to Lead Boom in Semiconductor Industry Next Year

https://korean-electronics.com//inquiryA paradigm shift to the 4th industrial revolution is fueling investment in big data, artificial intelligence, and the Internet of things (IoT). As a result, the semiconductor industry, the most important hardware component in the development of these new technologies, entered an uncharted area this year.

In 2017, the global semiconductor market is expected to grow 21% year-on-year to $408.6 billion. Therefore, the Philadelphia Semiconductor Index rose by 43 percent this year, surpassing the 16% growth rate of the S&P 500.

Memory semiconductors are at the center of the company’s record semiconductor growth. The marketsize of the memory semiconductor industry is expected to show record growth this year. Moreover, the memory semiconductor market is expected to run to $123.5 billion this year, which is 61% higher than last year.

The paradigm shift to the Fourth Industrial Revolution will probably be not a game that will end in a year or two. This is because leading companies in the Fourth Industrial Revolution, such as Google, Microsoft, Amazon, Facebook, Alibaba and Tencent, are expected to steadily expand research and development activities for and investment in data centers, big data, cloud and machine learning.

Only a year ago, AlphaGo knocked humankind for a loop by crushing the best go player, Lee Sedol. However, only one year later, an upgraded AlphaGo won by a landslide (100 to 0) in a go game match with the original AlphaGo.

This means that performances in the fields of big data and machine learning including artificial intelligence in the next two to three years can give rise to gaps among global companies in the next 20-30 years. Slowing investment in big data and artificial intelligence technologies right now can mean giving up on the future.

With Moore’s Law reaching its limitations, the growth of semiconductor supply has significantly slowed down, more than ever before. Moore’s Law that the line width is reduced to a certain level each year and, in other words, bit supply increases as many times as the square of an annually reduced line width. However, as Moore’s Law is practically limited, semiconductor technology is seeking its development in a direction to increase the degree of integration through 3D stacking rather than chip size reduction.

However, increasing the number of layers means that bit supply will stay at a linear increase, which means an increase in accordance with the number of increased layers, not the square of the number of layers. In other words, it should be remembered that the supply growth rate of semiconductors is significantly slowing down compared to the past in 20-nano processes.

 

 

Demand for memory semiconductors became less volatile as price fuctuations declined and supply elasticity dipped as supply grew closer to technical limitations. In conclusion, it is necessary to revise viewpoints on supply and demand cycles of memory semiconductors. If memory semiconductors are understood as a capex-driven industry as was in the past, it can be said that they entered a proportionreduction stage.

However, even if the capex expanded, supply growth is failing to support it and demand is expected to remain stable despite high prices. Accordingly, stable supply and demand situations for memory semiconductors are likely to continue in 2018 against some concerns.

DRAM demand in 2018 is expected to grow to 13.86 billion gigabytes, up 21% year-on-year, despite burdens from rising prices. On the other hand, DRAM supply in 2018 is expected to run to 13.69 billion gigabytes, a 21% increase, despite a surge in CAPEX.

As a result, in 2018, the DRAM supply / demand ratio is expected to remain steady at 0.988, a small increase or a tight level as was the case this year. In 2018, the DRAM market is expected to reach $90.9 billion, up 26% from $ 72.2 billion in 2017.

NAND flash supply hinges on NAND flash makers’ 3D chip yields. However, unlike DRAMs, which have very low price elasticity, demand for NAND flashes is likely to increase significantly if prices fall.

In other words, a change in supply can be a very important variable in changing demand. So, it can be said that it is quite a challenge to forecast demand and supply. However, our forecast for NAND supply/demand is a 37% increase in demand and a 40% increase in supply, which means that supply will increase slightly more than demand.

In 2018, total demand for NAND flashes is expected to reach 235.7 billion gigabytes while total supply remains at 238.2 billion gigabytes. Their ASP per bit is expected to slide about 12 percent next year. In terms of chips, the NAND flash market is expected to grow 23% to $58.1 billion in 2018 from $47.5 billion in 2017.

Accordingly, Samsung Electronics and SK Hynix, which represent the Korean semiconductor industry, are expected to have their banner year in 2018.

This year, Samsung Electronics dethroned Intel, which had enjoyed the No. 1 ranking in global semiconductor sales for 25 years, to become the world’s top semiconductor maker, The securities industry expects its 2018 earnings to reach 280 trillion won in sales, 69 trillion won in operating profit, and 51.7 trillion won in net profit.

SK Hynix’s 2018 earnings are expected to hit 38 trillion won in sales, 18.3 trillion won in operating profit and 14.7 trillion won in net profit. In the global semiconductor industry, its sales and operating profits are expected to stand just below those of Samsung Electronics, Intel and TSMC, but its market capitalization is quite low, standing out of the top 10.

 

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