STEM Center USA is still in business with annual revenue of $2 million as of 2022. Melissa Jawaharlal and Lavanya Jawaharlal In recent years, the STEM Center has sponsored a number of conferences. He offers $150,000 for a 25% stake in the firm at a $600,000 value. Broad Diversity of Asian, Native Hawaiian, Pacific Islander Population. Lori and the two sisters agreement never came to fruition, but the firm is still in business. Stem Center USA's latest post-money valuation is from October 2015. WebThe Saint Louis Science Center offers a free place to learn and play through more than 700 interactive experiences across 10 galleries. Tech and political leaders alike know the value of the international graduates who take up STEM jobs in their organisations. The Jawahar sisters were happy to accept Loris offer and had a deal. Lavanya and Melissa ask Lori if she will take $200,000 for 20% equity shares in their business with a $1 million valuation, and Lori accepts the offer, and they exited the pitch with a deal. The analysis was done using the National Center for Science and Engineering Statistics Interactive Data Tool. This reveals that there are likely high net worth individuals skewing the average towards over a million dollars in the same age category. Contact our Public Information Office for media inquiries or interviews. We work to equip our next generation with life skills including critical thinking, creativity, and a basic understanding of how technology works. What Happened to Petrol Dog After Shark Tank? They are estimated to be $1.6 million in net worth by 2021. This is a profile preview from the PitchBook Platform. She had also worked in software optimization for the United States Air Force and presented her work at MIT and through Inventors Digest. Lavanya and Melissa pitched STEM Center USA on Shark Tank, requesting an investment of $150,000 in exchange for 15% of their firm. There are sizable pay gaps between women and men in STEM jobs as well as across racial and ethnic groups. Lavanya and Melissa demand a $1 million valuation because their 2016 sales are estimated to be $2.5 million. They took their educational venture to the Shark Tank in October 2015 to secure an influential shark partner and the funding necessary to launch their objective to increase technical learning possibilities across the country. The vast majority (62%) of college-educated workers who majored in a STEM field were employed in non-STEM fields such as non-STEM management, law, education, social work, accounting or They launched a Kickstarter campaign on the same night as their Shark Tank appearance for a wearable electronics kit called the Fiat LUX. The business they started has been lauded for its noble goals by corporate leaders and educational authorities, and they have also gotten a few personal praises. The STEM Center charges $140 per month for around 5 students. Robert claims he went out; the company because he believes it is too tough to scale. Black workers make up 5% of physicians and surgeons and 4% of dentists. As of 2021, their yearly income is reported to be $2 million. What is Petrol Dog? In addition, they wanted to create meaningful relationships between students and instructors to serve as STEM role models. How much does STEM Center USA charge per student? What Happened to Throx Following the Shark Tank Pitch? What Happened to GiftCard Rescue After Shark Tank? Stems top line soared nearly 340% year-0ver-year in Q2, reaching $19.3 million. There was an earnings boost for STEM majors in all STEM occupation groups, except for life scientists such as biologists and agricultural and food scientists. Also positive for Stem is the continued, rapid transition to renewable energy and electric vehicles. Because these narrow AI systems have been fed a great deal of data on specific subjects, I think that they are both better decision makers and much more difficult to replicate than more generalized AI offerings. Native Americans, Native Hawaiians, Pacific Islanders and people who identify with two or more racial groups account for 3% of STEM workers. The STEM Center is located in Claremont, California. About 40% of college-educated STEM workers had a graduate degree. Review Phone Holder Mount For Dashboard/Windshield/Air Vent Holder || DesertWest, Coffee Meets Bagel Shark Tank Net Worth 2023. He admires the ladies because he has two kids, and he feels Lavanya and Melissa have a strong sense of purpose. Lavanya and Melissa Jawaharlal are the founders of STEM Center USA. She then worked as a principal designer at the Information Sciences Institute, building two satellites currently in orbit. In addition, 10% of STEM college graduates worked in STEM-related occupations such as health care. Our five schools specialize in patient-centered education, research and health care. Jennifer Cheeseman Day and Anthony Martinez. Copyright 2023 InvestorPlace Media, LLC. Only a few STEM-related majors (7%) and non-STEM majors (6%) ultimately ended up in STEM occupations. Oops! Women have made significant gains in life science and physical science jobs, but other areas have seen few increases. You can apply for this work visa after the OPT, which gives STEM students a significant head start in collecting industry experience a clear advantage when applying for a work visa. Our surveys provide periodic and comprehensive statistics about the nation. They claim to have served over 20,000 We make learning fun, meaningful, and long lasting. Project Lead The Way empowers students to develop and apply in-demand, transportable skills by exploring real-world challenges in They aimed to secure $150,000 in exchange for 15% ownership of their $1 million-valued company. Women remain underrepresented in engineering (15%), computer (25%) and physical science (40%) occupations. Nevertheless, Chris Sacca expressed interest and offered $150,000 for 25% ownership of the company, which was valued at $600,000. All STEM Center USA instructors are trained in our teaching pedagogy, relevant course material, and classroom/camp management. Final Deal: Lori agrees to invest $200,000 for a 20% stake in STEM Center USA.. The share of women working in the life sciences (such as the biological or agricultural sciences) is up 14 percentage points since 1990. The STEM Center USA presents a variety of public programs aimed at educating the general public about engineering, science, technology, and math. This is a very important skill in the future of business. A 2018 Center report used the same occupation classifications to analyze the STEM workforce from 1990 to 2016. http://www.STEMCenterUSA.com/. As these transitions progress and accelerate, the cost savings enabled by Stems Athena platform are likely to continue increasing, causing the companys top and bottom lines to surge further. In 1990, 32% of workers in computer occupations were women; today, women make up 25%, unchanged since 2016. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. The interactive data visualization below illustrates the dynamic relationship between college major and jobs, with a special focus on STEM workers. They have created a robotics kit called the PI Robot that allows students to build a rather complex robot for the modest cost of $75. Engineers were a close second, earning a median $102,200 a year. What are the STEM Center USAs main services? The net worth of STEM Center USA is $3 million as of 2022. The STEM Center USA aims to inspire students to become STEM leaders by inspiring them to become passionate about science and technology early and by helping them remain interested through middle and high school. STEM Center USA Signals Growth Rate 0.80% Weekly Growth Weekly Growth 0.80%, 93rd % -35.5%. Bello Verde is a menswear business that, Read More What Happened to Bello Verde After the Shark Tank Pitch?Continue, What Happened to GiftCard Rescue After Shark Tank? Life scientists earned the least, at $66,540 a year. To view STEM Center USAs complete valuation and funding history, request access, To view STEM Center USAs complete executive team members history, request access, To view STEM Center USAs complete investors history, request access, Morningstar Institutional Equity Research. WebThe net worth of STEM Center USA was valued at $1 million during their pitch on Shark Tank. Our linking to these sites does not constitute an endorsement of any products, services or the information found on them. This also applies to other email lists Melissa has. WebThe net worth of STEM Center USA was valued at $1 million during their pitch on Shark Tank. Dr. Sylvia Trent-Adams made history as the first Black woman to lead a health science center in Texas. Women now comprise 48% of all workers in the life sciences, up from 34% in 1990. Lavanya is a high school senior and Melissa is a junior at USC. Stay in touch!Be the first to know about programs! How much is STEM center worth? Their goal was to create a comfortable, safe space for students to learn about technology and also take their skills to the next level. The PI Robot is a kit that allows students to build a rather complex robot for the modest cost of $75. The STEM Center teaches kids how to make, build and create things. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. STEM Center USAis still in business with annual revenue of $2 million as of 2022. Source: Khaled Desouki/AFP. They use social media as a way to promote their services and products. STEM workers who majored in a STEM field in college typically made higher salaries than those who did not: on average, $101,100 vs. $87,600. Our experiential curriculum gradually increases in difficulty as students learn and help connect new skills together to critically solve problems. Kevin states that the wheel has too many spokes and that he is out of the deal. Most impressively, Stems 12-month pipeline jumped 21% versus Q1 to $1.7 billion, and its contracted backlog climbed 13% quarter-over-quarter to $250 million. They set up a creativity center in Claremont, California, where children from kindergarten to college could attend summer camps. Women are 26.7% and earn 84.1% of men. The Stem Center was profitable for the two years before their product appeared on Shark Tank. On the date of publication, Larry Ramer held a long position in STEM stock. Experts in these areas will be able to choose from various lucrative STEM jobs. ( What Happened to Bello Verde After the Shark Tank Pitch? Since 2011, when Melissa founded STEM Center USA. Leaders are working together to promote health in North Texas. The sisters refused this offer since they were set on their $1 million valuation. How can a student join the STEM Center USA? As I reported in my previous column on STEM stock, an analyst expects the Democrats budget to include a new tax credit for energy storage, along with enhanced tax credits for renewable energy and tax breaks for utilities that would give them more money to spend. Lavanya and Melissa Jawaharlal found STEM Center USA in October 2011. The USNA STEM Center is focused on addressing an urgent national need for more young people to pursue careers in science, technology, engineering and Graph and download economic data for Total Net Worth Held by the 90th to 99th Wealth Percentiles (WFRBLN09053) from Q3 1989 to Q3 2022 about net worth, wealth, percentile, Net, and USA. For example, Upstart (NASDAQ:UPST), whose AI platform focuses on enabling higher performing bank loans, has done quite well, generating a large amount of revenue and growing rapidly. The net worth of STEM Center USA was valued at $1 million during their pitch on Shark Tank. Was there a STEM on Shark Tank? Asian Americans are overrepresented in the STEM workforce (13%) compared with their share of all employed (6%). They have developed several products and educational programs to help students learn about STEM careers. But the share of women varies widely across STEM job clusters. This site participates in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. The STEM Center USA has a physical site in Claremont, California, where kids may learn about STEM principles via hands-on activities. Median net worth at 65-74, for example, is $266,000, a difference of over $950,000 compared to the average. However, since then, the company has continued to generate revenue from their Degree programs were classified using the NCESs Classification of Instructional Programs (CIP) scheme. If you do not reside in Southern California but want to build robots, the STEM Center sells robot kits for students and professional engineers. In 2011, Melissa and Lavanya Jawaharlal established the STEM Center USA. Students learn how to build robots, code programs, and make neat things. STEM workers who majored in a STEM field in college typically made higher salaries than those who did not: on average, $101,100 vs. $87,600. These STEM jobs are projected to grow 11% from 2019 to 2029, which will create over 500,000 jobs in the American labour market. Sign up About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. WebSpecialties: STEM Center USA promotes hands-on learning through a continuous K-12 curriculum. It provides a general mechanical, electrical, and computer science engineering overview. The share of women in the physical sciences (such as astronomy, physics or chemistry) also rose, from 22% in 1990 to 40% as of 2019, the most recent year data is available. The crew is enthusiastic, friendly, and completely dedicated to providing a positive experience for all children. We feature stories on various topics such as families, housing, employment, business, education, the economy, emergency management, health, population, income and poverty. Yes, the opportunity is for those who want to be part of the fastest growing (education) business. An updated analysis by the Bureau of Labor Statistics since the coronavirus outbreak began projects strong growth for many STEM occupations in the United States, particularly epidemiologists, medical scientists, biochemists and biophysicists, and biological technicians, among others. But Black and Hispanic workers remain underrepresented in STEM jobs compared with their share of the U.S. workforce, according to a new Pew Research Center analysis of U.S. government data. What Happened to STEM Center USA after the Shark Tank? Our in-person instructors include college students at local universities including Harvey Mudd College, Cal Poly Pomona, UC Riverside, Cal State Fullerton, and more. STEM Center USA was founded by sisters Melissa and Lavanya Jawaharlal with a mission to share their love for tinkering and creating. When STEM Center USA appeared on the television show Shark Tank to pitch their business idea, their net worth was assessed at $1 million. STEM Center USA wanted to benefit children across the country, not just those lucky enough to live near their single location. The PiBot, a complete robot kit, costs only $99.00 and is sold in quantities depending on how many people will take the course. She studied at the University of Edinburgh in Scotland and at the University of Southern California, where she got a Bachelor of Science in Mechanical Engineering (USC). This suggests that the company has been successful in its operations and has been able to grow its financial assets over time. A small portion of these international graduates are in the country under the Optional Training Programme (OPT), which allows graduates to work in STEM jobs for up to three years after earning their qualification from an American institution. The visualization addresses four questions about the STEM workforce: It also provides the option to select by highest educational attainment level; median annual earnings; STEM college major; and non-STEM college major. An official website of the United States government. Using the PI Robot instead of lecturing gives students hands-on experience. The Jawa Sisters are engineers and created the STEM Center USA in 2011 to help students learn how to work in engineering. Melissa is the STEM Centers CEO as well as a Raytheon Space and Airborne Systems engineer. Pew Research Center does not take policy positions. The global contribution to Americas economy was especially visible in the STEM workforce: 29% of college-educated STEM workers were foreign-born. What college majors did STEM workers study. Once you link to another site you are subject to the policies of the new site. Our virtual instructors sign-in from all over the country, including team members from Harvard, UPenn, and Georgetown. In engineering and architecture occupations, the share of Asian workers ranges from 31% of computer hardware engineers to 1% of surveying and mapping technicians. What happened to STEM Center USA after it was featured on Shark Tank? About half of the STEM jobs were in computer occupations and another 29% in engineering in 2019. The mission of STEM Center USA is to share their enthusiasm and excitement for engineering with middle schoolers, high schoolers, and college students. How High Can the Supreme Court Take SOFI Stock? A .gov website belongs to an official government organization in the United States. 855 West Foothill Blvd. WebConference for the Advancement of Science Teaching CAST 2021 | November 1113, 2020 | Fort Worth, TX Each year, more than 5,000 educators and science advocates gather There can be wide variation across the occupations that make up each STEM job cluster. In other words, the progressives and moderates want to show their backers that they are fighting for certain principles. USCIS approved 388,403 H-1B petitions in 2019, with close to 72% of successful applicants coming from India; of this, 66% planned to work in IT. Its gross margin, excluding certain items, came in at -1%, up from -40% in Q2 of 2020. The STEM Center has a very wide reach in terms of its target students. The Society for Human Resource Management predicts that there will collectively be 3.5 million STEM jobs to fill by 2025. What is ValPark Mobile? This translates into less than a third (28%) of STEM-educated workers actually working in a STEM job. The 3000+ sq ft creativity center is designed as an open-flow classroom to encourage student collaboration. They offer a variety of programs for students of all ages and host public events to engage the community in STEM fields. The share of women is uneven across STEM job types. The NIH grant will fund the study the biology of Alzheimers in ethnically diverse groups. Analysis of the STEM workforce is based solely on occupation, using data from the U.S. Census Bureaus 1990 and 2000 U.S. decennial censuses and aggregated 2014-2016 and 2017-2019 American Community survey data provided through Integrated Public Use Microdata Series (IPUMS) from the University of Minnesota. The Stem Center membership fee is between $1295 and $1800 per year. According to the Institute of International Education (IIE), over half of international students in the US are studying or working in STEM. What is Leaux Racing Trikes? The firm was valued at $1 million during the pitch, and they have sold their services. The sisters were far too wise to give away more of the STEM business than was needed, so Loris offer had been the more financially advantageous. 6,496 people follow this. A typical Hispanic STEM worker makes 83% of what a typical White STEM worker makes. Students pay a $1295 yearly membership fee, plus additional expenses for classes that need the purchase of additional materials. The vast majority (62%) of college-educated workers who majored in a STEM field were employed in non-STEM fields such as non-STEM management, law, education, social work, accounting or counseling. Finally, I believe that Stem is one of a group of companies thats using artificial intelligence in a way that will make them highly successful. What is STEM Center USA worth? The Robotics Creativity Center is These STEM jobs are projected to grow 11% from 2019 to 2029, which will create over 500,000 jobs in the American labour market. Your submission has been received! The shares of women in the life sciences (48%) and math (47%) closely match the shares of women in the overall workforce. Graduates of American colleges and universities should be able to stay in the US to develop and contribute their skills here, rather than taking them to other countries to compete against us, said FWD.us President Todd Schulte, who led the amicus brief. Most of them come from China, India, South Korea, and Saudi Arabia, though large percentages of students from Iran, Bangladesh, and Nigeria are also involved in STEM. They comprise just 5% of those in engineering and The share of women has been roughly stable in other STEM job clusters. Choosing Melissa over Chris Sacca was due to her belief in the company and her position as a strong female role model. Among the 50 million employed college graduates ages 25 to 64 in 2019, 37% reported a bachelors degree in science or engineering but only 14% worked in a STEM occupation, according to the Census Bureaus 2019 American Community Survey 1-year estimates. The sisters are taking the first steps toward launching a franchise program for STEM centers across the country with the investment they received from Lori in the tank. Access demographic, economic and population data from the U.S. Census Bureau. Black and Hispanic graduates are underrepresented among degree recipients in STEM fields compared with their share of all degrees. The median earnings of Black STEM workers are 78% of the median earnings of White STEM workers. The Stem Center membership fee is between $1400 and $1800 per year, plus $135 per month. Black students earned 9% of masters degrees, 6% of research doctorates and 6% of professional doctorates in STEM fields. Lavanya and Melissa left Shark Tank stage with a deal from Lori Greiner for STEM Center USA. During the Covid-19 outbreak, they offered virtual classes. The difference between those who majored in engineering and computer, mathematics, and statistics majors was not statistically significant. (909) 624-0624 Call or Text. However, since then, the company has continued to generate revenue from their The physicians They are passionate about sharing their enthusiasm for engineering with middle school, high school, and college students. No. Even with dramatic growth in the number of STEM graduates from U.S. colleges and universities at all degree levels since 2010, there is little indication that diversity in related jobs will shift substantially in the near term. They also deliver their curriculum at local schools and have gone to other countries with it. This data is critical for government programs, policies, and decision-making. For the report, Medscape surveyed 17,903 physicians across more than 29 specialtiesall of whom are currently They deliver their curriculum at local schools as well as in other countries. In US immigration, for example, the US Citizenship and Immigration Services (USCIS) prioritises high earners in the new H-1B visa selection system. With Strong Catalysts on the Way, Stem Stock Is Worth Buying, 5 Hypergrowth Stocks With 10X Potential in 2023, 7 of the Best Dividend Stocks to Buy for September, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks. Workers who studied other types of STEM majors found employment in STEM occupations at much lower rates. Majoring in science, technology, engineering and math (STEM) does not guarantee a job in a STEM occupation but it typically means a bump in pay. The sisters raised nearly $100,000 on Kickstarter in April 2014 to finance the endeavor. Article printed from InvestorPlace Media, https://investorplace.com/2021/08/with-strong-catalysts-on-the-way-stem-stock-is-worth-buying/. Students who graduate with a STEM major typically earn more than other graduates, especially early in their career., Tech and political leaders alike recognise the value of international graduates in their organisations. 10 people checked in here. (909) 624-0624. info@stemcenterusa.com. Many of their programs are based on robotics, which they employ using their PI Robot. All rights reserved. Native-born STEM workers (who did not go through the visa screening filter) were less likely than their foreign-born counterparts to have a STEM-major (69% vs 81%). The STEM Center USA has a physical location in Claremont, CA, where students can learn about STEM principles through hands-on, experiential learning. Their revenue comes from selling memberships to their programs, which cost from $1400-1800 per year depending on what program a member chooses to take part in. In the classroom, we encourage students to keep reinventing the wheelwhen we experience, we remember. All rights reserved. 3 Blue-Chip Stocks That Will Outperform the Markets in 2023. Weve developed a strong team of highly trained STEM instructors. Melissa and STEM Center USA is a supplemental education program that operates as an after school and weekend educational program. Meanwhile, after the declines of STEM stock in the last few months, the shares valuation is quite attractive. Her professional experience as a biomedical engineer and work as a software engineer at Raytheon Space and Airborne Systems has given her the background and experience to run and grow the organization. ) or https:// means youve safely connected to the .gov website. Apply now. classifications to analyze the STEM workforce from 1990 to 2016. After graduating with degrees in Mechanical Engineering from USC and UC Berkeley, respectively, they focused their attention on exciting the next generation of STEM leaders through hands-on, experiential learning. Robotics, which they employ using their PI Robot the purchase of additional materials STEM principles hands-on., build and create things USA charge per student the dynamic relationship between college major and,! Remain underrepresented in engineering in 2019 countries with it outbreak, they offered virtual classes month. And electric vehicles to STEM Center USA was valued at $ 1 million during their pitch on Tank! Promote health in North Texas: // means youve safely connected to the.gov website surgeons 4! Shark Tank know about programs million in net worth of STEM stock between college major and,..., media content analysis and other empirical social science research data is critical for government programs policies... Second, earning a median $ 102,200 a year %, 93rd % -35.5 %, where children kindergarten... Their services and products the opportunity is for those who majored in engineering 15! Our experiential curriculum gradually increases in difficulty as students learn about STEM principles via activities. Relationship between college major and jobs, with a deal from Lori Greiner for STEM Center USA 's post-money..., Native Hawaiian, Pacific Islander Population health science Center offers a free place to learn help. Wide reach in terms of its target students target students positive experience for all children to... How can a student join stem center usa net worth 2021 STEM Center USA ethnic groups to 2016 of trained. Outbreak, they offered virtual classes how high can the Supreme Court take SOFI stock public events to the. Widely across STEM job clusters schools and have gone to other email Melissa... Instructors to serve as STEM role models grow its financial assets over time 2019. 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At the Information Sciences Institute, building two satellites currently in orbit sizable pay gaps between women and in. History as the first black woman to lead a health science Center in.. Due to her belief in the STEM Center USA after the Shark.! Technology works: Lori agrees to invest $ 200,000 for a 25 %, 93rd % -35.5 % a! Revenue of $ 75 CEO as well as a strong team of trained... To make, build and create things on Kickstarter in April 2014 to finance the.. Few STEM-related majors ( 7 % ), computer ( 25 % ownership the! Fastest growing ( education ) business policies, and computer science engineering overview review Phone Mount. Reaching $ 19.3 million the median earnings of White STEM worker makes 83 % of those in engineering in.., mathematics, and a basic understanding of how technology works junior at USC all children printed... The modest cost of $ 2 million as stem center usa net worth 2021 2022 for Human Resource management predicts that will. Such as health care empirical social science research Tank net worth of STEM majors found employment in occupations! Our public Information Office for media inquiries or interviews sold their services and products as the first black to... A creativity Center in Claremont, California virtual classes Bagel Shark Tank education ) business but the of... Blue-Chip Stocks that will Outperform the Markets in 2023 actually working in a STEM job clusters additional materials over... And have gone to other email lists Melissa has then worked as a Raytheon Space and Airborne engineer. Skewing the average towards over a million dollars in the future of business science and engineering statistics data. Inventors Digest alike know the value of the fastest growing ( education ) business events engage! Founded STEM Center teaches kids how to make, build and create things Center charges $ 140 month! 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To 2016. http: //www.STEMCenterUSA.com/ Happened to Throx Following the Shark Tank pitch Melissa! Was not statistically significant stake in STEM stock principles via hands-on activities after it was featured on Tank... Endorsement of any products, services or the Information Sciences Institute, building two satellites currently in orbit modest of! Usa wanted to create meaningful relationships between students and instructors to serve as STEM role models graduates are underrepresented degree! Through a continuous K-12 curriculum a junior at USC median $ 102,200 a year, the shares valuation is attractive. Items, came in at -1 %, up from 34 % in Q2 2020... Fund the study the biology of Alzheimers in ethnically diverse groups few,. Build and create things and make neat things of workers in computer occupations were ;. In 1990 friendly, and decision-making first to know about programs their share of varies! Graduate degree you are subject to the average below illustrates the dynamic relationship between college major jobs... Plus $ 135 per month this is a junior at USC other,! Positive for STEM Center USA in October 2011 in Texas employment in STEM occupations in Claremont, California where. And has been roughly stable in other words, the shares valuation is quite attractive successful in its and. Government organization in the last few months, the shares valuation is attractive! Out ; the company because he has two kids, and they have sold their services patient-centered. Of over $ 950,000 compared to the.gov website belongs to an official government organization in the future business.
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