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dndodd

08/03/15 12:33 PM

#402058 RE: hock1 #402042

"At $400 million, our royalty platform has roughly doubled in the last 15 months. Importantly it is based on a little less than one half of the market. All in all, we believe our success in growing our royalty platform over the last 15 months shows good progress towards our goal of reaching a royalty platform of $500 million to $600 million from terminal unit licensing."