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External Hard Disk Market size is set to grow by USD 3.34 billion from 2024-2028, Multiple advantages of external hard disks to boost the market growth, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global external hard disk market  size is estimated to grow by USD 3.34 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.93% during the forecast period. Multiple advantages of external hard disks is driving market growth, with a trend towards increasing popularity of wireless external hard disks. However, emergence of cloud storage services poses a challenge. Key market players include ADATA Technology Co. Ltd., Apple Inc., Buffalo Americas Inc., Hewlett Packard Enterprise Co., Intel Corp., Kingston Technology Co. Inc., LITE ON Technology Corp., Micron Technology Inc., Quantum Corp., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, SK hynix Co. Ltd., Sony Group Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Personal computers and Enterprise applications), Type (Network-attached storage HDD, Portable HDD, and Desktop HDD), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

ADATA Technology Co. Ltd., Apple Inc., Buffalo Americas Inc., Hewlett Packard Enterprise Co., Intel Corp., Kingston Technology Co. Inc., LITE ON Technology Corp., Micron Technology Inc., Quantum Corp., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, SK hynix Co. Ltd., Sony Group Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp.

Key Market Trends Fueling Growth

Wireless external hard disks have gained traction among individual consumers due to their portability, built-in battery, and embedded Wi-Fi network. These devices offer convenience as they do not require additional wiring to connect to smartphones, tablets, PCs, and laptops. Popular models like the Asus Travelair N, LaCie Fuel, Western Digital My Passport Wireless Pro, and Seagate Wireless 500GB Mobile Storage provide wireless connectivity for easy data transfer and backup. Despite being slightly bulkier than traditional external hard disks, their wireless capabilities outweigh the added size. 

The external hard drive market is booming due to the increasing need for additional data storage in various sectors. With the expansion of high-speed internet infrastructure, the PC sector and gaming industry are major contributors to this growth. High-quality images, videos, games, live-streaming, and game libraries require vast storage space. Enterprises also rely on external hard drives for backup and data management. External SSDs are gaining popularity due to their faster read and write speeds. The USB 4 connectivity standard further enhances data transfer rates. However, external hard drives face challenges from water, dust, and shock during fieldworks. Below 1 TB, 1 TB to 4 TB, and Above 4 TB are common storage capacity options. Consumers use external hard drives for files, folders, documents, software, and even backup for smart devices and computers. Flash drives are still used for smaller files, but external hard drives offer more storage capacity for larger files and folders. Online and offline sales channels cater to different customer needs. Online sales offer convenience, while offline sales provide immediate access and personal assistance. Overall, the external hard drive market continues to grow as data storage demands increase across various sectors. 

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Market Challenges

The external hard disk market may experience limited growth due to the rising preference for cloud storage among consumers. Cloud storage offers advantages such as accessibility from anywhere, effective collaboration, and robust disaster recovery and backup solutions. Major cloud storage providers like Dropbox, Yandex Disk, Media Fire, and Mega offer free storage, reducing the demand for external hard disks. These factors may significantly impact the market size during the forecast period.The external hard drive market faces several challenges in the digital age. With the increasing size of files and folders, there’s a growing demand for higher storage capacity. USB external hard drives offer solutions up to terabytes, but USB interfaces have limitations. Computer users seek alternatives like flash drives for mobility, but they lack the capacity for large documents, software, or media. Smart devices, including smartphones, tablets, and mobile devices, add to the demand for external storage. Internet usage continues to rise, with over 4.6 billion internet users, leading to increased online video, audio streaming, downloading, and video conferencing via platforms like Zoom. Cloud storage is a viable option, but some users prefer local backup for security and accessibility. Hard disk designs evolve with HDD interfaces like Optane memory, SSDs, HDDs, RRAM, and advanced recording technologies like heat-assisted magnetic recording and shingled magnetic recording. Hard disks face competition from newer technologies like Helium-filled drives and solid state drives with no moving components or integrated circuits. Operating systems and devices, including laptops and desktop computers, continue to adapt to these advancements.

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Segment Overview 

This external hard disk market report extensively covers market segmentation by

Application 1.1 Personal computers1.2 Enterprise applicationsType 2.1 Network-attached storage HDD2.2 Portable HDD2.3 Desktop HDDGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Personal computers-  The external hard disk market in the personal computer segment is experiencing a steady increase in demand for portable hard disk drives (HDDs), as many internal hard drives offer storage capacities ranging from 250 GB to 2 TB. Users often employ both external Solid State Drives (SSDs) and HDDs, with SSDs prioritized for performance enhancement. However, the high cost of external SSDs restricts their widespread adoption. Popular external HDDs with 1 TB and 2 TB storage capacity, such as WD My Passport Portable External Hard Drive, Seagate Backup Plus Slim 1TB External Hard Drive, Toshiba Canvio Basics 1TB Portable External Hard Drive, Transcend 1TB External Hard Drive, G-Technology ArmorATD, Seagate Wireless Plus Mobile, WD My Passport Wireless, Toshiba Canvio Basics 3.0, and Seagate Backup Plus Slim, cater to the needs of personal computer users. These devices are utilized to store and transfer software, high-definition photos and videos, digital editing applications, and other data-intensive tasks. Despite this, the demand for external hard disks in the personal computer segment is projected to decline due to the growing preference for cloud storage. Nevertheless, the requirement for local storage solutions to manage large files and applications not suitable for cloud storage will persist, ensuring the external hard disk market’s continued growth during the forecast period. Prices for these devices begin at USD75.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Solid State Drive (SSD) market is experiencing significant growth, driven by increasing demand for high-performance storage solutions across various sectors. With advancements in technology, SSDs offer faster data access, enhanced durability, and reduced power consumption compared to traditional hard drives. Major players in the market are continuously innovating to offer higher capacities and improved efficiency. The market is segmented by type, application, and region, with North America and Asia-Pacific leading in adoption. Key drivers include rising data centers, gaming, and consumer electronics applications.

Research Analysis

External hard drives are portable data storage devices that connect to computers via USB interfaces, allowing users to expand their computer’s storage capacity. These devices come in various sizes, from terabytes to megabytes, and can store an extensive range of files, including documents, high-quality images, videos, games, and software. In the gaming sector, external hard drives are essential for storing large game libraries, game saves, and downloadable content (DLC). With the rise of high-definition media and increasing file sizes, the demand for external hard drives continues to grow. External SSDs offer faster read and write speeds, making them ideal for live-streaming and video editing. However, external hard drives are susceptible to damage from water and dust, so it’s crucial to protect them properly. USB 4 connectivity standards offer faster transfer speeds, making external hard drives an even more attractive option for data storage needs.

Market Research Overview

External hard drives are portable storage devices that connect to computers, smartphones, tablets, and other mobile devices via USB interfaces. They offer large storage capacities, ranging from gigabytes to terabytes, allowing users to store and transport files, folders, documents, software, and multimedia content. With the increasing use of smart devices and the growing internet population, the demand for external hard drives has surged. The market for external hard drives caters to individual consumers and enterprises, offering various capacities to accommodate different needs. The market includes various types of hard drives, such as HDDs and SSDs, with advanced technologies like heat-assisted magnetic recording, shingled magnetic recording, and Helium. The rise of high-speed internet infrastructure, online video and audio streaming, downloading, and video conferencing applications like Zoom have fueled the demand for larger storage capacities. Data centers also rely on external hard drives for backup and storage of large data sets. External hard drives come in various designs, including HDD designs with RGB LED illumination, and solid state drives (SSDs) with no moving components. They are also available in various sizes, from below 1 TB to above 4 TB, catering to different user needs. The market for external hard drives is driven by the growing need for data storage for high-quality images, videos, games, live-streaming, game libraries, and downloadable content (DLC). USB 4 connectivity standards offer faster transfer speeds, making external hard drives an essential accessory for laptops, desktops, and mobile devices. External hard drives are also essential for fieldworks and data-intensive industries, offering a cost-effective and portable solution for storing and transporting large data sets. They are also resilient to water, dust, and shock, making them ideal for outdoor use. The market for external hard drives is expected to grow further with the increasing use of cloud storage and the expanding PC, gaming, and laptop sectors. The market also includes various key trends, such as the adoption of Optane memory, SSDs, RRAM, and advanced recording technologies like heat-assisted magnetic recording and shingled magnetic recording.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPersonal ComputersEnterprise ApplicationsTypeNetwork-attached Storage HDDPortable HDDDesktop HDDGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

NASA Johnson Invites Proposals to Lease Vibration Test Facility

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HOUSTON, Nov. 14, 2024 /PRNewswire/ — NASA’s Johnson Space Center is seeking proposals for the use of its historic, but underused, Vibration and Acoustic Test Facility. Prospective tenants must submit facility walk-through requests by Monday, Nov. 18.

Final proposals are due by 12 p.m. EST Monday, Dec. 16, and must promote activities that will build, expand, modernize, or operate aerospace-related capabilities at NASA Johnson and help preserve the historic and iconic building through preservation and adaptive reuse.

NASA plans to sign a National Historic Preservation Act (NHPA) lease agreement for the facility, also known as Building 49, for a five-year base period and one five-year extension to be negotiated between NASA and the tenant. To request a walk-through, send an email to hq-realestate@mail.nasa.gov

“This historic facility has been used for decades to ensure the success and safety of all human spaceflight missions by putting engineering designs and hardware to the ultimate stress tests,” said NASA Johnson Director Vanessa Wyche. “For more than 60 years, NASA Johnson has been the hub of human space exploration and this agreement will be a vital part of the center’s efforts to develop a robust and durable space economy that refines our understanding of the solar system and space exploration.”

All proposals must adhere to the guidelines detailed in the Agency Announcement for Proposals describing concept plans for development of the property, including any modifications proposed to the building; a statement of financial capability to successfully achieve and sustain operations, demonstrated experience with aerospace-related services or other space-related activities, and a detailed approach to propelling the space economy.

The nine-story building complex has a gross square footage of 62,737 square feet and consists of a north wing measuring 62 feet long, 268 feet wide and 106 feet tall, and a central wing about 64 feet long and 115 feet wide. Building 49 currently houses five laboratories, including the General Vibration Laboratory, Modal Operations Laboratory, Sonic Fatigue Laboratory, Spacecraft Acoustic Laboratory, and Spacecraft Vibration Laboratory. The south administrative portion of the building is not included in the property offered for lease. 

As the home of Mission Control Center for the agency’s human space missions, astronaut training, robotics, human health and space medicine, NASA Johnson leads the way for the human exploration. Leveraging its unique role and location, the center is developing multiple lease agreements, including the recently announced Exploration Park, to sustain its key role in helping the human spaceflight community foster a robust space.

In the coming years, NASA and its academic, commercial, and international partners will see the completion of the International Space Station Program, the commercial development of low Earth orbit, and the first human Artemis campaign missions establishing sustainable human presence on the Moon in preparation for human missions to Mars.

Johnson already is leading the commercialization of space with the commercial cargo and crew programs and private astronaut missions to the space station. The center also is supporting the development of commercial space stations in low Earth orbit, and lunar-capable commercial spacesuits and lunar landers that will be provided as services to both NASA and the private sector to accelerate human access to space. Through the development of Exploration Park, the center will broaden the scope of the human spaceflight community that is tackling the many difficult challenges ahead.

Learn more about NASA Johnson’s efforts to collaborate with industry partners:

https://www.nasa.gov/johnson/frontdoor/ 

NASA Johnson Space Center news releases and other information are available automatically by sending an Internet electronic mail message to listserv@listserver.jsc.nasa.gov.  In the body of the message (not the subject line) users should type “subscribe hsfnews” (no quotes). This will add the email address that sent the subscribe message to the news release distribution list. The system will reply with a confirmation via E-mail of each subscription.  Once you have subscribed you will receive future news releases via e-mail.

 

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SOURCE NASA

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Cabana Partners with Virginia Department of Veterans Services to Provide Comprehensive, Free Mental Health Support for Veterans, Guard/Reserve Members, and Their Families

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RICHMOND, Va., Nov. 14, 2024 /PRNewswire/ — Cabana, a modern mental health provider offering confidential, tech-enabled support, has partnered with the Virginia Department of Veterans Services (DVS) to provide free, comprehensive mental health resources to Virginia’s veterans, Guard and Reserve members, as well as their spouses and caregivers. This collaboration expands access to Cabana’s digital mental health services, including live peer support groups moderated by Virginia-certified Veteran Peer Specialists.

Originally developed through research and development initiatives with the U.S. Air Force, Cabana’s services are designed to meet the unique needs of military and veteran communities. With this partnership, eligible Virginia users gain full access to Cabana’s digital suite, which includes the full range of virtual, professionally facilitated groups offered by Cabana, as well as dedicated Virginia Veteran peer-led support groups. Participants can connect discreetly on topics such as transitioning to civilian life, managing family relationships, and coping with stress, all within a secure and confidential environment accessible from any device.

David Black, Founder and CEO of Cabana, underscored the mission behind the partnership: “We’re honored to work with the Virginia Department of Veterans Services to offer a holistic mental health solution for Virginia’s military-connected community. With Virginia-certified Veteran Peer Specialists and our full array of live support groups, we’re providing a powerful, confidential resource that veterans and military families can rely on, whenever and wherever they need it.”

Key Features of the Partnership:

Comprehensive Access to Support: Virginia veterans, Guard/Reserve members, and their families will have unrestricted access to all live virtual groups available through Cabana, in addition to specialized peer-led groups run by Virginia-certified Veteran Peer Specialists.Support for Families and Caregivers: The initiative includes spouses and caregivers, addressing the unique mental health needs of military-connected families through sessions tailored to issues like family dynamics, stress management, and the transition to civilian life.Confidential and Flexible Access: Cabana’s services are available on mobile and desktop devices, providing Virginia’s veterans and their families with an easily accessible, cost-free solution for mental health support.

This collaboration highlights Cabana’s commitment to supporting the mental well-being of those who serve and their families. By joining forces with the Virginia Department of Veterans Services, Cabana seeks to strengthen the resilience and wellness of Virginia’s military community.

For more information on the partnership between Cabana and the Virginia Department of Veterans Services, please contact:

Nick Armstrong, Ph.D.
Head of Public Sector, Cabana
nick@cabanahealth.org

About Cabana™
Cabana is a leading, modern mental health provider offering confidential, tech-enabled support solutions tailored to the needs of diverse communities. Through live, professionally moderated group sessions, evidence-based content, and adaptable wellness tools, Cabana helps individuals proactively manage their mental health. Our mission is clear: to make mental health care more accessible through technology and human connection.

About the Virginia Department of Veterans Services (DVS)

The Virginia Department of Veterans Services (DVS) is a state government agency with more than 50 locations across the Commonwealth of Virginia. DVS traces its history to 1928 and the establishment of the Virginia War Service Bureau to assist Virginia’s World War I veterans. Today, DVS assists veterans and their families in filing claims for federal veterans benefits; provides veterans and family members with linkages to services including behavioral health, housing, employment, education, and other programs. The agency operates long-term care facilities offering in-patient skilled nursing care, dementia/memory care, and short-term rehabilitation for veterans; and provides an honored final resting place for veterans and their families at three state veterans cemeteries. It operates the Virginia War Memorial, the Commonwealth’s tribute to Virginia’s men and women who gave the ultimate sacrifice from World War II to the present. For more information, please visit www.dvs.virginia.gov.

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SOURCE Cabana

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East Side Games Group Reports Third Quarter 2024 Financial Results

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Revenue of $21.4M in Q3 2024 and $62.8M Year to DateA-EBITDA of $2.56M in Q3 2024 and $9.2M Year to DatePOWER RANGERS: MIGHTY FORCE launched globally

VANCOUVER, BC, Nov. 14, 2024 /CNW/ – East Side Games Group (TSX: EAGR) (OTC: EAGRF) (“ESGG” or the “Company”), is pleased to announce its financial results for the third quarter ended September 30, 2024. All amounts are stated in Canadian dollars on an IFRS basis unless otherwise indicated. Building on the momentum from Q2, the company achieved its first growth quarter of the year, reporting a top-line revenue of $21.4 million, a 4% increase quarter-over-quarter and a 3% increase year-over-year.

The company’s adjusted EBITDA for the quarter was $2.56 million, representing a 12% margin and marking the eighth consecutive profitable quarter above $2.5 million. East Side Games Group continues to demonstrate strong performance metrics across its core portfolio, with an average daily user count (DAU) of 236,000, a stickiness rate of 24%, and an average revenue per daily active user (ARPDAU) of $0.99.

“Our focus on profitability within our existing portfolio has paid off, and we are excited to further enhance our user acquisition strategies,” said Jason Bailey, CEO of East Side Games Group. “With $8.3 million in cash—our highest balance since Q2 2022—we are well-positioned to invest in our future game launches and bolster our share buyback program.”

One of the key drivers of growth this quarter was the launch of POWER RANGERS: MIGHTY FORCE in August, which quickly garnered nearly 30,000 daily active users and demonstrated impressive return on advertising spend (ROAS) figures.

In Q3, the company also enhanced its revenue generation through innovative strategies. The introduction of bi-monthly season passes for popular titles like Trailer Park Boys: Greasy Money and Cheech and Chong: Bud Farm resulted in a remarkable 40% increase in season pass revenue.

In a major collaboration, East Side Games Group partnered with BBC and Paramount to create the Intergalactic Friendship Day crossover event between Star Trek Lower Decks: The Badgey Directive and Doctor Who: Lost in Time, generating substantial organic traffic and setting new ARPDAU records.

Looking forward to Q4, East Side Games Group is excited to introduce team-based cooperative and competitive play features into titles such as Trailer Park Boys: Greasy Money and RuPaul’s Drag Race Superstar, anticipating a significant boost in player engagement and monetization.

Moreover, the company is preparing to launch Trailer Park Boys: Greasy Money on the Epic Games Store, expanding its reach in a new mobile marketplace with favorable revenue-sharing terms. This is a very exciting opportunity, only being afforded to a few game studios.

Finally, East Side Games Group is thrilled to announce our upcoming title, RuPaul’s Drag Race Match Queen, developed in partnership with Funkitron and World of Wonder. Slated for a 2025 release, this hybrid match-3 game combines beloved gameplay elements with captivating fashion and character features, catering to the passionate fanbase of RuPaul’s Drag Race.

Mike Edwards will be stepping down from the ESGG Board of Directors to focus on other pursuits, effective immediately. ESGG thanks him for his invaluable guidance over the past 12 years and is currently in discussions with several highly qualified candidates for his replacement.

Three Months Ended Sep 30, 2024 Financial highlights

For the quarter ended September 30th, 2024, revenue was $21.4M.Q3 2024 a-EBITDA of $2.56M and 12% a-EBITDA margin.Cashflow for the Company for the quarter ended September 30, 2024 increased by $700k, ending at $8.3M.Daily Active Users in Q3 were 236k, with an ARPDAU of $0.99On November 14, 2023, the Company announced a renewal of its Normal Course Issuer Bid (“NCIB”) authorizing the Company to purchase 4,076,819 of its shares. Through September 30, 2024, the Company purchased 1,540,719 shares at an average price of $0.76. The company continues to buy back stock as restrictions allow.

Certain information provided in this news release is extracted from the consolidated financial statements (the “Financial Statements”) and Management’s Discussion & Analysis (“MD&A”) of the Company for the quarter ended September 30, 2024, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information. The Financial Statements and MD&A can be found under the Company’s profile on SEDAR and EDGAR.

Earnings Call Video

ESGG will release its third-quarter 2024 financial results and business outlook on its investor relations website https://eastsidegamesgroup.com/investors/financial-information on Thursday, November 14th, 2024, at approximately 2:00 p.m. Pacific Time.

ABOUT EAST SIDE GAMES GROUP

East Side Games Group is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: The Office: Somehow We Manage, Star Trek: Lower Decks – The Badgey Directive, Bud Farm Idle Tycoon, Doctor Who: Lost in Time, RuPaul’s Drag Race Superstar, AEW: Rise to The Top, Cheech and Chong Bud Farm, and Trailer Park Boys: Grea$y Money.

We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. Additional information about the Company continues to be available under its legal name, East Side Games Group Inc., at www.sedar.com.

Forward-looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed transactions described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

SOURCE East Side Games Group Inc.

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