Adesso

-7.74%

More reviews (2)

Live  

Adesso Inc. is a technology company that specializes in developing and providing software and hardware solutions to businesses. The company was founded in 1994 and is headquartered in Sunnyvale, California.
The company offers a variety of products and services, including digital transformation solutions, mobile and web development, project management services, and quality assurance and testing. They also provide consulting and staffing services to assist businesses in their technology needs.
Adesso Inc. aims to help businesses stay ahead of the rapidly changing technological landscape by providing innovative and customizable solutions. They have a global presence, with offices in Europe, Asia, and North America, and partner with leading technology companies such as Microsoft, Oracle, and SAP.
Some of their notable clients include Verizon, Coca-Cola, and Sony. Adesso has received various awards and accolades for their technology solutions, including being named one of the Best Companies to Work for in New York State and being listed on the Inc. 5000 list of America's fastest-growing private companies.
In addition to their business activities, Adesso also actively participates in philanthropic efforts, supporting various charities and organizations that focus on education, community development, and environmental sustainability.

QWRlc3NvIG lzIGEgY29t cGFueSB0aG F0IGhlbHBz IG90aGVyIG J1c2luZXNz ZXMgd2l0aC B0ZWNobm9s b2d5LiBJbW FnaW5lIGlm IHlvdXIgc2 Nob29sIG5l ZWRlZCBhIG 5ldyBjb21w dXRlciBwcm 9ncmFtIHRv IGtlZXAgdH JhY2sgb2Yg Z3JhZGVzIG 9yIHRvIGhl bHAgdGVhY2 hlcnMgcGxh biBjbGFzc2 VzLiBBZGVz c28gd291bG QgY29tZSBp biwgZmlndX JlIG91dCB3 aGF0IHRoZS BzY2hvb2wg bmVlZHMsIG FuZCBjcmVh dGUgc3BlY2 lhbCBzb2Z0 d2FyZSB0by BtYWtlIGV2 ZXJ5dGhpbm cgZWFzaWVy Ljxicj5BZG Vzc28gbWFr ZXMgbW9uZX kgYnkgY2hh cmdpbmcgYn VzaW5lc3Nl cyBmb3IgdG hlaXIgc2Vy dmljZXMuIF RoZXkgbWln aHQgZ2V0IH BhaWQgZm9y IGJ1aWxkaW 5nIHRoZSBz b2Z0d2FyZS wgbWFpbnRh aW5pbmcgaX QsIG9yIGV2 ZW4gaGVscG luZyBjb21w YW5pZXMgZm lndXJlIG91 dCBob3cgdG 8gdXNlIGl0 LiBJdOKAmX MgbGlrZSBh IGhlbHBlci B3aG8gZ2V0 cyBwYWlkIG ZvciBtYWtp bmcgc3VyZS BldmVyeXRo aW5nIHdvcm tzIHNtb290 aGx5Ljxicj 5UaGUgcmVh c29uIEFkZX NzbyBpcyBz dWNjZXNzZn VsIGlzIHRo YXQgbWFueS BidXNpbmVz c2VzIHRvZG F5IHJlbHkg b24gdGVjaG 5vbG9neSB0 byBkbyB0aG VpciB3b3Jr IGJldHRlci BhbmQgZmFz dGVyLiBUaG V5IG5lZWQg ZXhwZXJ0cy B3aG8gdW5k ZXJzdGFuZC Bob3cgdG8g dXNlIHRoaX MgdGVjaG5v bG9neSwgYW 5kIHRoYXTi gJlzIHdoZX JlIEFkZXNz byBjb21lcy Bpbi4gPGJy PkluIHRoZS BmdXR1cmUs IEFkZXNzby B3aWxsIGxp a2VseSBrZW VwIGJlaW5n IHN1Y2Nlc3 NmdWwgYmVj YXVzZSB0ZW Nobm9sb2d5 IGlzIGFsd2 F5cyBjaGFu Z2luZyBhbm QgZ3Jvd2lu Zy4gTW9yZS Bjb21wYW5p ZXMgd2lsbC BuZWVkIGhl bHAgd2l0aC B0aGVpciB0 ZWNoLCBhbm QgYXMgbG9u ZyBhcyBBZG Vzc28ga2Vl cHMgbGVhcm 5pbmcgYW5k IGFkYXB0aW 5nIHRvIG5l dyB0b29scy BhbmQgdHJl bmRzLCB0aG V5IHdpbGwg Y29udGludW UgdG8gdGhy aXZlLiBQbH VzLCB0aGV5 IGJ1aWxkIG xvbmctbGFz dGluZyByZW xhdGlvbnNo aXBzIHdpdG ggdGhlaXIg Y2xpZW50cy wgd2hpY2gg bWVhbnMgdG hhdCBidXNp bmVzc2VzIG FyZSBsaWtl bHkgdG8gY2 9tZSBiYWNr IHRvIHRoZW 0gZm9yIG1v cmUgaGVscC BhZ2FpbiBh bmQgYWdhaW 4uPGJyPg==

VGhlcmUgYX JlIGEgZmV3 IGFzcGVjdH MgdGhhdCBt YWtlIHRoZS BBZGVzc28g Y29tcGFueS BzcGVjaWFs Ojxicj4xLi BJbm5vdmF0 aW9uOiBBZG Vzc28gaXMg a25vd24gZm 9yIGl0cyBp bm5vdmF0aX ZlIHRlY2hu b2xvZ3kgYW 5kIHByb2R1 Y3RzLiBUaG V5IGNvbnN0 YW50bHkgc3 RyaXZlIHRv IGludHJvZH VjZSBuZXcg YW5kIHVuaX F1ZSBzb2x1 dGlvbnMgdG 8gbWVldCB0 aGUgY2hhbm dpbmcgbmVl ZHMgb2YgdG hlIG1hcmtl dC48YnI+Mi 4gRm9jdXMg b24gdXNlci BleHBlcmll bmNlOiBBZG Vzc28gcGxh Y2VzIGEgc3 Ryb25nIGVt cGhhc2lzIG 9uIGNyZWF0 aW5nIHByb2 R1Y3RzIHRo YXQgb2ZmZX IgYSBzZWFt bGVzcyBhbm QgdXNlci1m cmllbmRseS BleHBlcmll bmNlIGZvci B0aGVpciBj dXN0b21lcn MuIFRoZWly IHByb2R1Y3 RzIGFyZSBk ZXNpZ25lZC B3aXRoIHRo ZSB1c2VyIG luIG1pbmQs IG1ha2luZy B0aGVtIGlu dHVpdGl2ZS BhbmQgZWFz eSB0byB1c2 UuPGJyPjMu IERpdmVyc2 UgcHJvZHVj dCBwb3J0Zm 9saW86IEFk ZXNzbyBvZm ZlcnMgYSB3 aWRlIHJhbm dlIG9mIHBy b2R1Y3RzLC BpbmNsdWRp bmcga2V5Ym 9hcmRzLCBt aWNlLCB0b3 VjaHBhZHMs IHNjYW5uZX JzLCBhbmQg bW9yZS4gVG hpcyBkaXZl cnNpdHkgYW xsb3dzIHRo ZW0gdG8gY2 F0ZXIgdG8g YSB2YXJpZX R5IG9mIGN1 c3RvbWVycy wgZnJvbSBp bmRpdmlkdW FscyB0byBi dXNpbmVzc2 VzLjxicj40 LiBTdXN0YW luYWJpbGl0 eTogVGhlIG NvbXBhbnkg aGFzIGEgY2 9tbWl0bWVu dCB0byBzdX N0YWluYWJp bGl0eSBhbm QgaW5jb3Jw b3JhdGVzIG Vjby1mcmll bmRseSBwcm FjdGljZXMg aW50byB0aG VpciBwcm9k dWN0aW9uIH Byb2Nlc3Nl cy4gVGhleS BhbHNvIG9m ZmVyIHNldm VyYWwgZWNv LWZyaWVuZG x5IHByb2R1 Y3Qgb3B0aW 9ucyB0byB0 aGVpciBjdX N0b21lcnMu PGJyPjUuIF N0cm9uZyBj dXN0b21lci BzdXBwb3J0 OiBBZGVzc2 8gaGFzIGEg cmVwdXRhdG lvbiBmb3Ig cHJvdmlkaW 5nIGV4Y2Vs bGVudCBjdX N0b21lciBz ZXJ2aWNlLi BUaGV5IGhh dmUgYSBkZW RpY2F0ZWQg c3VwcG9ydC B0ZWFtIHRo YXQgaXMgYW x3YXlzIGF2 YWlsYWJsZS B0byBhc3Np c3QgY3VzdG 9tZXJzIHdp dGggYW55IG lzc3VlcyBv ciBxdWVzdG lvbnMgdGhl eSBtYXkgaG F2ZS48YnI+ Ni4gTG9uZy 1zdGFuZGlu ZyBoaXN0b3 J5OiBBZGVz c28gd2FzIG ZvdW5kZWQg aW4gMTk5NC wgbWFraW5n IGl0IG9uZS BvZiB0aGUg b2xkZXN0IG FuZCBtb3N0 IGVzdGFibG lzaGVkIGNv bXBhbmllcy BpbiB0aGUg Y29tcHV0ZX IgcGVyaXBo ZXJhbCBpbm R1c3RyeS4g SXQgaGFzIG J1aWx0IGEg c3Ryb25nIH JlcHV0YXRp b24gYW5kIH RydXN0IGFt b25nIGl0cy BjdXN0b21l cnMgb3Zlci B0aGUgeWVh cnMu

VGhlIEFkZX NzbyBjb21w YW55IGlzIG Egc29mdHdh cmUgZGV2ZW xvcG1lbnQg YW5kIElUIG NvbnN1bHRp bmcgZmlybS B0aGF0IHNw ZWNpYWxpem VzIGluIHBy b3ZpZGluZy BjdXN0b20g c29sdXRpb2 5zIGZvciBk aWdpdGFsIH RyYW5zZm9y bWF0aW9uIG FuZCBidXNp bmVzcyBwcm 9jZXNzIGF1 dG9tYXRpb2 4uIFRoZWly IGJ1c2luZX NzIG1vZGVs IGlzIGJhc2 VkIG9uIG9m ZmVyaW5nIG EgcmFuZ2Ug b2Ygc2Vydm ljZXMgaW5j bHVkaW5nIG NvbnN1bHRp bmcsIGRldm Vsb3BtZW50 LCBpbXBsZW 1lbnRhdGlv biwgYW5kIH N1cHBvcnQg dG8gaGVscC Bvcmdhbml6 YXRpb25zIG ltcHJvdmUg dGhlaXIgcH JvY2Vzc2Vz IGFuZCBzeX N0ZW1zIHRo cm91Z2ggdG hlIHVzZSBv ZiB0ZWNobm 9sb2d5LiBU aGV5IGFsc2 8gb2ZmZXIg c29mdHdhcm UgcHJvZHVj dHMgdGhhdC BzdHJlYW1s aW5lIG9wZX JhdGlvbnMg YW5kIGVuaG FuY2UgY3Vz dG9tZXIgZX hwZXJpZW5j ZXMuIEFkZX NzbyBnZW5l cmF0ZXMgcm V2ZW51ZSB0 aHJvdWdoIH Byb2plY3Qt YmFzZWQgYW 5kIHJlY3Vy cmluZyBzZX J2aWNlIGZl ZXMsIGFzIH dlbGwgYXMg bGljZW5zaW 5nIGZlZXMg Zm9yIHRoZW lyIHNvZnR3 YXJlIHByb2 R1Y3RzLiBU aGV5IHByaW 1hcmlseSB0 YXJnZXQgbW VkaXVtIHRv IGxhcmdlLX NpemVkIGJ1 c2luZXNzZX MgaW4gdmFy aW91cyBpbm R1c3RyaWVz IHN1Y2ggYX MgZmluYW5j ZSwgaW5zdX JhbmNlLCBs b2dpc3RpY3 MsIGFuZCB0 ZWxlY29tbX VuaWNhdGlv bnMu

To evaluate whether AI poses a material threat to Adesso’s products, services, or competitive positioning, we can consider several factors related to substitution, disintermediation, and margin pressure:
1. Substitution: AI technologies could potentially substitute some of Adesso’s offerings, especially in areas like software development, data analytics, and consulting services. Automation tools and machine learning algorithms may reduce the demand for traditional services that Adesso provides. If competitors leverage AI more effectively, they could deliver similar services faster or at a lower cost, which could threaten Adesso’s market share.
2. Disintermediation: Disintermediation refers to the reduction of intermediaries in a supply chain. AI could enable end-users to directly execute tasks that traditionally required consultancy or software development services, thereby bypassing firms like Adesso. For example, businesses might adopt AI-driven platforms that provide self-service capabilities, which could impact Adesso’s business model if clients prefer direct access to AI tools rather than engaging third-party services.
3. Margin Pressure: The integration of AI into the industry could lead to increased competition, resulting in downward pressure on margins. As more companies adopt AI technologies, service providers may need to lower prices to remain competitive, potentially eroding profit margins. Furthermore, if clients begin expecting AI-based solutions as a standard offering, Adesso may need to invest heavily in AI capabilities, leading to increased operational costs that could also impact margins.
In conclusion, while AI presents significant opportunities for enhancement and innovation within Adesso’s offerings, it also poses material threats through substitution, disintermediation, and margin pressure. Adesso will need to strategically adapt to these challenges by investing in AI technologies and exploring new value propositions to maintain its competitive positioning.

The sensitivity of Adesso company’s earnings, cash flow, and valuation to changes in interest rates can be assessed by considering several factors:
1. Earnings Sensitivity: Adesso’s earnings can be affected by interest rate changes if the company has significant debt. Higher interest rates can increase interest expenses, reducing net income. If the company is heavily reliant on borrowing for expansion or operations, fluctuating interest rates could lead to increased costs and lower profitability.
2. Cash Flow Sensitivity: Cash flow is influenced by both operational and financing activities. Higher interest rates can lead to increased interest payments, which can reduce free cash flow available for investment or distribution to shareholders. Additionally, if customers in the tech sector experience tighter financing conditions due to rising rates, it could impact their purchasing behavior, potentially reducing revenues for Adesso.
3. Valuation Sensitivity: The valuation of Adesso, like many companies, is often derived from discounted cash flow analysis. In a rising interest rate environment, the discount rate used in these analyses tends to increase, leading to a lower present value of future cash flows. Thus, higher interest rates could negatively impact the company’s market valuation.
4. Customer Impact: If Adesso’s customer base consists primarily of clients that are sensitive to interest rates, such as those in industries reliant on consumer spending, higher rates could lead to decreased demand for the company’s services, ultimately affecting both earnings and cash flow.
5. Investment Decisions: Adesso’s future projects and investments may also be influenced by interest rates. Higher borrowing costs might lead the company to defer growth initiatives or capital expenditures, impacting long-term growth trajectories.
In summary, while the exact sensitivity depends on the company’s financial structure, customer dynamics, and broader economic factors, an increase in interest rates typically exerts downward pressure on earnings, cash flow, and valuation.

T25lIHJlYW xpc3RpYyBz Y2VuYXJpby B0aGF0IGNv dWxkIHBlcm 1hbmVudGx5 IGltcGFpci BBZGVzc2/i gJlzIGVjb2 5vbWljcyBv dmVyIHRoZS BuZXh0IDMt NSB5ZWFycy BpbnZvbHZl cyBhIHNpZ2 5pZmljYW50 IGFuZCBzdX N0YWluZWQg ZG93bnR1cm 4gaW4gdGhl IGRlbWFuZC Bmb3IgSVQg Y29uc3VsdG luZyBzZXJ2 aWNlcy4gVG hpcyBjb3Vs ZCBiZSB0cm lnZ2VyZWQg Ynkgc2V2ZX JhbCBmYWN0 b3JzIHN1Y2 ggYXM6PGJy PjEuIDxzdH Jvbmc+RWNv bm9taWMgUm VjZXNzaW9u Ojwvc3Ryb2 5nPiBBIHBy b2xvbmdlZC BlY29ub21p YyByZWNlc3 Npb24gY291 bGQgbGVhZC BidXNpbmVz c2VzIHRvIG N1dCBiYWNr IG9uIElUIH NwZW5kaW5n LCBhcyB0aG V5IHByaW9y aXRpemUgbW FpbnRhaW5p bmcgY29yZS BvcGVyYXRp b25zIG92ZX IgaW52ZXN0 aW5nIGluIG RpZ2l0YWwg dHJhbnNmb3 JtYXRpb24g YW5kIGNvbn N1bHRpbmcg c2VydmljZX MuPGJyPjIu IDxzdHJvbm c+VGVjaG5v bG9naWNhbC BEaXNydXB0 aW9uOjwvc3 Ryb25nPiBS YXBpZCBhZH ZhbmNlbWVu dHMgaW4gYX V0b21hdGlv biBhbmQgQU kgY291bGQg bGVhZCB0by BhIHNjZW5h cmlvIHdoZX JlIGNvbXBh bmllcyBpbm NyZWFzaW5n bHkgcmVseS BvbiBpaG91 c2UgY2FwYW JpbGl0aWVz IG9yIGNoZW FwZXIsIGF1 dG9tYXRlZC Bzb2x1dGlv bnMsIHJlZH VjaW5nIHRo ZSBuZWVkIG ZvciBleHRl cm5hbCBjb2 5zdWx0aW5n IHNlcnZpY2 VzLjxicj4z LiA8c3Ryb2 5nPkludGVu c2UgQ29tcG V0aXRpb246 PC9zdHJvbm c+IEluY3Jl YXNlZCBjb2 1wZXRpdGlv biBmcm9tIG xvd2VyLWNv c3QgcHJvdm lkZXJzLCBl c3BlY2lhbG x5IGZyb20g ZW1lcmdpbm cgbWFya2V0 cywgY291bG QgZXJvZGUg QWRlc3Nv4o CZcyBtYXJr ZXQgc2hhcm UgYW5kIHBy aWNpbmcgcG 93ZXIsIGxl YWRpbmcgdG 8gcHJvbG9u Z2VkIHByZX NzdXJlIG9u IHJldmVudW UgYW5kIG1h cmdpbnMuPG JyPklmIHRo aXMgc2Nlbm FyaW8gd2Vy ZSB0byBwbG F5IG91dCwg dGhlIGZvbG xvd2luZyBp bXBhY3RzIG NvdWxkIGJl IG9ic2Vydm VkIG9uIEFk ZXNzb+KAmX MgZmluYW5j aWFsczo8Yn I+PHN0cm9u Zz5NYXJnaW 5zOjwvc3Ry b25nPiBQcm 9maXQgbWFy Z2lucyBjb3 VsZCBzaHJp bmsgc2lnbm lmaWNhbnRs eSBkdWUgdG 8gcmVkdWNl ZCByZXZlbn VlIGFuZCB0 aGUgaW5hYm lsaXR5IHRv IG1haW50YW luIHByaWNp bmcgcG93ZX IuIEZpeGVk IGNvc3RzLC BzdWNoIGFz IHNhbGFyaW VzIGFuZCBv cGVyYXRpb2 5hbCBleHBl bnNlcywgd2 91bGQgcmVt YWluIHJlbG F0aXZlbHkg Y29uc3Rhbn QgaW4gdGhl IHNob3J0IH Rlcm0sIGxl YWRpbmcgdG 8gYW4gdW5m YXZvcmFibG UgY29zdCBz dHJ1Y3R1cm UuIFRoaXMg d291bGQgbG lrZWx5IHJl c3VsdCBpbi BzdWJzdGFu dGlhbCBtYX JnaW4gY29t cHJlc3Npb2 4sIHBvc3Np Ymx5IHB1c2 hpbmcgb3Bl cmF0aW5nIG 1hcmdpbnMg aW50byBzaW 5nbGUgZGln aXRzIG9yIG V2ZW4gbmVn YXRpdmUgdG Vycml0b3J5 IGlmIGRlbW FuZCBmYWxs cyBkcmFzdG ljYWxseS48 YnI+PHN0cm 9uZz5DYXNo IEZsb3c6PC 9zdHJvbmc+ IENhc2ggZm xvdyB3b3Vs ZCBiZSBuZW dhdGl2ZWx5 IGltcGFjdG VkIGFzIHJl dmVudWUgZG VjbGluZXMu IFdpdGggY2 xpZW50cyBs aWtlbHkgZX h0ZW5kaW5n IHBheW1lbn QgY3ljbGVz IGR1ZSB0by B0aWdodGVy IGJ1ZGdldH MsIGNvbGxl Y3Rpb25zIG NvdWxkIGFs c28gc2xvdy wgbGVhZGlu ZyB0byBjYX NoIGZsb3cg aXNzdWVzLi BJZiB0aGUg Y29tcGFueS ByZXNvcnRz IHRvIGxheW 9mZnMgb3Ig ZG93bnNpem luZyB0byBj b21iYXQgcm V2ZW51ZSBs b3NzZXMsIH RoZXJlIGNv dWxkIGJlIH Nob3J0LXRl cm0gY29zdH MgYXNzb2Np YXRlZCB3aX RoIHNldmVy YW5jZSBhbm QgcmVzdHJ1 Y3R1cmluZy 4gT3ZlcmFs bCwgdGhlIG NvbXBhbnkg bWF5IGV4cG VyaWVuY2Ug YSBjYXNoIG Zsb3cgY3J1 bmNoIHRoYX QgbGltaXRz IGl0cyBhYm lsaXR5IHRv IGludmVzdC BpbiBncm93 dGggb3Igcm V0dXJuIGNh cGl0YWwgdG 8gc2hhcmVo b2xkZXJzLj xicj48c3Ry b25nPkJhbG FuY2UgU2hl ZXQ6PC9zdH Jvbmc+IEEg ZGV0ZXJpb3 JhdGluZyBl Y29ub21pYy BlbnZpcm9u bWVudCBhbm QgZmFsbGlu ZyByZXZlbn VlcyBjb3Vs ZCBsZWFkIH RvIGFuIGlu Y3JlYXNlIG luIGFjY291 bnRzIHJlY2 VpdmFibGUg YW5kIHBvdG VudGlhbGx5 IGhpZ2hlci BiYWQgZGVi dCBhcyBjbG llbnRzIHN0 cnVnZ2xlIH RvIHBheS4g VGhpcyB3b3 VsZCBwdXQg cHJlc3N1cm Ugb24gd29y a2luZyBjYX BpdGFsLiBE ZXBlbmRpbm cgb24gdGhl IHNldmVyaX R5IG9mIHRo ZSBkb3dudH VybiwgdGhl IGNvbXBhbn kgbWlnaHQg bmVlZCB0by B0YXAgaW50 byBjcmVkaX QgbGluZXMg b3IgaW5jcm Vhc2UgbGV2 ZXJhZ2UgdG 8gbWFpbnRh aW4gbGlxdW lkaXR5LCBu ZWdhdGl2ZW x5IGFmZmVj dGluZyBpdH MgZGVidC10 by1lcXVpdH kgcmF0aW8u IE92ZXIgdG ltZSwgYXNz ZXQgaW1wYW lybWVudHMg b3Igd3JpdG Utb2ZmcyBt YXkgb2NjdX IgaWYgdGhl IGNvbXBhbn nigJlzIG1h cmtldCB2YW x1ZSBhbmQg cmV2ZW51ZS 1nZW5lcmF0 aW5nIGNhcG FjaXR5IGRl Y2xpbmUsIG Z1cnRoZXIg d2Vha2VuaW 5nIHRoZSBi YWxhbmNlIH NoZWV0Ljxi cj5JbiBzdW 1tYXJ5LCBh IHNpZ25pZm ljYW50IGRv d250dXJuIG luIGRlbWFu ZCBmb3IgSV QgY29uc3Vs dGluZyBzZX J2aWNlcyBj b3VsZCBsZW FkIHRvIGxv d2VyIG1hcm dpbnMsIGFk dmVyc2UgY2 FzaCBmbG93 IGNvbmRpdG lvbnMsIGFu ZCBhIHdlYW tlbmVkIGJh bGFuY2Ugc2 hlZXQgZm9y IEFkZXNzby wgcG90ZW50 aWFsbHkgaW 1wYWN0aW5n IGl0cyBsb2 5nLXRlcm0g dmlhYmlsaX R5IGlmIG5v dCBtYW5hZ2 VkIGVmZmVj dGl2ZWx5Lj xicj4=

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvUG F5clB1ZHAx aTEyUDdPT3 JleWEud2Vi cCIgYWx0PS JBZGVzc28i IHRpdGxlPS JBZGVzc28i ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9NTAg d2lkdGg9NT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgQWRlc3Nv PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag4pqhIElu c3RhbnRseS BhY2Nlc3Mg PGk+IlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3MiPC 9pPiDigJQg ZnJlZSEKIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9wPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PCEtLQogIC AgICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdtYXJn aW4tdG9wOi AxMnB4OyBm b250LXNpem U6IDEzcHg7 IGNvbG9yOi AjNDQ0Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG 5vdyBhbmQg Z2V0IG91ci BmcmVlIGVC b29rIAogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPGI+VG hlIENoZWNr bGlzdCBWYW x1ZSBJbnZl c3RvciDigJ QgQSBTbWFy dGVyIFdheS B0byBQaWNr IFN0b2Nrcz wvYj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC 0tPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8IS 0tCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxkaX Ygc3R5bGU9 J21hcmdpbi 10b3A6IDE2 cHg7IGZvbn Qtc2l6ZTog MTRweDsgY2 9sb3I6ICM0 NDQ7IGZvbn QtZmFtaWx5 OiAtYXBwbG Utc3lzdGVt LCBCbGlua0 1hY1N5c3Rl bUZvbnQsIF NlZ29lIFVJ LCBSb2JvdG 8sIEhlbHZl dGljYSBOZX VlLCBzYW5z LXNlcmlmOy BsaW5lLWhl aWdodDogMS 42Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBIYXZl IHlvdSBoZW FyZCBhYm91 dCBvdXIgc2 hvcnQgPHN0 cm9uZyBzdH lsZT0nZm9u dC13ZWlnaH Q6IDYwMDsn PkRhaWx5IF ZpZGVvIE5l d3NsZXR0ZX I8L3N0cm9u Zz4/CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdodHRw czovL3d3dy 5pbnNpZ2h0 ZnVsdmFsdW UuY29tL25l d3NsZXR0ZX IucGhwJyB0 YXJnZXQ9J1 9ibGFuaycg c3R5bGU9J2 NvbG9yOiAj MDA3QkZGOy B0ZXh0LWRl Y29yYXRpb2 46IG5vbmU7 IGZvbnQtd2 VpZ2h0OiA1 MDA7IG1hcm dpbi1sZWZ0 OiA2cHg7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBGaW5k IG91dCBtb3 JlCiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8L2E+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICAgICAg ICAgICAgIC AtLT4KICAg ICAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgCiAgIC AgICAgCiAg ICAgICAgPH NwYW4gY2xh c3M9J2JsdX JyZWQtdGV4 dCc+CiAgIC AgICAgICAg IE1TNGdWR2 hsSUUgRmta WE56YnlCai BiMjF3WVc1 NUlIIGRoY3 lCbWIzVnUg WkdWa0lHbH VJRCBFNU9U UWdZbmtnIG RHaGxJRTFo YkcgRjVjMm xoYmkxaSBi M0p1SUdWdW RIIEpsY0hK bGJtVjEgY2 l3Z1VHaHBi RyBsd0lFeH BZVzVuIExp QThZbkkrTW kgNGdRV1Js YzNOdiBJR2 x6SUdFZ2RH IFZqYUc1dm JHOW4gZVNC amIyMXdZVy A1NUlIUm9Z WFFnIGMzQm xZMmxoYkcg bDZaWE1nYV c0ZyBaR1Z6 YVdkdWFXID VuSUdGdVpD QnQgWVc1MV ptRmpkSCBW eWFXNW5JR0 52IGJYQjFk R1Z5SUcgbH VjSFYwSUdS bCBkbWxqWl hNc0lHIGx1 WTJ4MVpHbH UgWnlCclpY bGliMiBGeV pITXNJRzFw IFkyVXNJR0 Z1WkMgQjBi M1ZqYUhCaC BaSE11UEdK eVBqIE11SU ZSb1pTQnUg WVcxbElFRm taWCBOemJ5 QnBjeUJoIG JpQkpkR0Zz YVcgRnVJSG R2Y21RZyBk R2hoZENCdF pXIEZ1Y3lC dWIzY2cgYj NJZ1lYUWdk RyBocGN5Qn RiMjFsIGJu UXNJSEpsWm 0geGxZM1Jw Ym1jZyBkR2 hsSUdOdmJY IEJoYm5uaW dKbHogSUda dlkzVnpJRy A5dUlIQnli M1pwIFpHbH VaeUJ5Wlcg RnNMWFJwYl dVZyBjMjlz ZFhScGIyID V6TGp4aWNq NDAgTGlCSm JpQmhaRyBS cGRHbHZiaU IwIGJ5QnBk SE1nYUcgVm haSEYxWVhK MCBaWEp6SU dsdUlFIE5o YkdsbWIzSn UgYVdFc0lF RmtaWCBOem J5QmhiSE52 IElHaGhjeU J2Wm0gWnBZ MlZ6SUdsdS BJRlJoYVhk aGJpIEJoYm 1RZ1EyaHAg Ym1FZ1ptOX lJRyAxaGJu Vm1ZV04wIG RYSnBibWNn WVcgNWtJSE psYzJWaCBj bU5vSUdGdV pDIEJrWlha bGJHOXcgYl dWdWRDNDhZ biBJK05TNG dRV1JsIGMz TnZJSGRoY3 kgQnZibVVn YjJZZyBkR2 hsSUdacGNu IE4wSUdOdm JYQmggYm1s bGN5QjBieS BCcGJuUnli MlIxIFkyVW dkMmx5Wlcg eGxjM01nYT JWNSBZbTlo Y21SeklHIE Z1WkNCdGFX TmwgSUhSdk lIUm9aUyBC dFlYSnJaWF F1IFBHSnlQ all1SUUgRm taWE56YitL QSBtWE1nWm 1seWMzIFFn Y0hKdlpIVm ogZENCM1lY TWdZUyBCb2 FXZG9MWEJs IGNtWnZjbT FoYm0gTmxM Q0JsY21kdi BibTl0YVdN Z2JXIDkxYz JVZ1kyRnMg YkdWa0lIUm 9aUyBCVWNu VXRSbTl5IG JTQk5iM1Z6 WlMgd2dkMm hwWTJnZyBj WFZwWTJ0c2 VTIEJuWVds dVpXUWcgY0 c5d2RXeGhj bSBsMGVTQm hiVzl1IFp5 QmpiMjF3ZF ggUmxjaUIx YzJWeSBjeT Q4WW5JK055 IDRnUVdSbG MzTnYgNG9D WmN5QndjbS A5a2RXTjBj eUJoIGNtVW djMjlzWkMg QjNiM0pzWk hkcCBaR1Vz SUhkcGRHIG dnWVNCemRI SnYgYm1jZ2 NISmxjMiBW dVkyVWdhVz RnIFRtOXlk R2dnUVcgMW xjbWxqWVN3 ZyBSWFZ5Yj NCbExDIEJo Ym1RZ1FYTn AgWVM0OFlu SStPQyA0Z1 NXNGdNakF3 IE5Dd2dRV1 JsYzMgTnZJ R1Y0Y0dGdS BaR1ZrSUds MGN5IEJ3Y2 05a2RXTjAg SUd4cGJtVW dkRyA4Z2FX NWpiSFZrIF pTQm9iMjFs SUcgVnNaV0 4wY205dSBh V01nY0hKdl pIIFZqZEhN Z2MzVmogYU NCaGN5QjNa VyBKallXMX pJR0Z1IFpD QmthV2RwZE cgRnNJR1p5 WVcxbCBjeT Q4WW5JK09T IDRnUVdSbG MzTnYgSUdo aGN5QjNiMi A0Z2JYVnNk R2x3IGJHVW dZWGRoY20g UnpJR1p2Y2 lCcCBkSE1n YVc1dWIzIF poZEdsMlpT QmsgWlhOcF oyNXpJRyBG dVpDQndjbT lrIGRXTjBj eXdnYVcgNW piSFZrYVc1 biBJSFJvWl NCd2NtIFZ6 ZEdsbmFXOT EgY3lCU1pX UWdSRyA5ME lFUmxjMmxu IGJpQkJkMk Z5WkMgQmhi bVFnZEdobC BJRU5GVXlC SmJtIDV2ZG 1GMGFXOXUg Y3lCRVpYTn BaMiA0Z1lX NWtJRVZ1IF oybHVaV1Z5 YVcgNW5JRU YzWVhKayBM anhpY2o0eE 1DIDRnUVdS bGMzTnYgSU dseklHTnZi VyAxcGRIUm xaQ0IwIGJ5 QnpkWE4wWV cgbHVZV0pw YkdsMCBlU0 JoYm1RZ2NH IEZ5ZEc1bG NuTWcgZDJs MGFDQjJZWC BKcGIzVnpJ Rzl5IFoyRn VhWHBoZEcg bHZibk1nZE c4ZyBjbVZq ZVdOc1pTIE JoYm1RZ2NI SnYgY0dWeW JIa2daRyBs emNHOXpaU0 J2IFppQmxi R1ZqZEggSn ZibWxqSUhk aCBjM1JsTG p4aWNqIDR4 TVM0Z1NXNG cgY21WalpX NTBJSCBsbF lYSnpMQ0JC IFpHVnpjMj hnYUcgRnpJ R1Y0Y0dGdS BaR1ZrSUds MGN5IEJ3Y2 05a2RXTjAg SUc5bVptVn lhVyA1bmN5 QjBieUJwIG JtTnNkV1Js SUggTnRZWE owSUdodiBi V1VnWkdWMm FXIE5sY3l3 Z2MzVmogYU NCaGN5Qnpi VyBGeWRDQn NiMk5yIGN5 d2djMjFoY2 4gUWdZblZz WW5NcyBJR0 Z1WkNCb2Iy IDFsSUhObF kzVnkgYVhS NUlITjVjMy BSbGJYTXVQ R0p5IFBqRX lMaUJCWkcg VnpjMjhnYV hNZyBZU0J6 ZFhCd2IzIE owWlhJZ2Iy WWcgYzJWMl pYSmhiQyBC amFHRnlhWF JoIFlteGxJ Rzl5WjIgRn VhWHBoZEds diBibk1zSU dsdVkyIHgx WkdsdVp5Qj AgYUdVZ1Fu SmxZWCBOME lFTmhibU5s IGNpQlNaWE 5sWVggSmph Q0JHYjNWdS BaR0YwYVc5 dUlHIEZ1Wk NCMGFHVWcg UW05NWN5QW 1JRSBkcGNt eHpJRU5zIG RXSnpJRzlt SUUgRnRaWE pwWTJFdQog ICAgICAgID wvc3Bhbj4K ICAgICAgIC AKICAgICAg ICA=