{"product_id":"materion-five-forces-analysis","title":"Materion Porter's Five Forces Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFrom Overview to Strategy Blueprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eMaterion navigates a niche yet competitive materials landscape where supplier leverage, specialized buyer needs, and technological substitution shape margins and growth prospects; this snapshot highlights key pressures and strategic levers but omits force-by-force ratings and tailored implications.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euppliers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConcentration of Specialized Raw Material Sources\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpmaterion depends on scarce inputs like beryllium of us production comes from limited sites operates the east canyon mine in utah which cuts but does not eliminate upstream risk.\u003e\n\u003cpfor other high-purity specialty metals global supplier concentration gives vendors pricing power spot prices for some alloys rose in during supply tightness.\u003e\n\u003cpany geopolitical or operational hiccup at key sources can trigger sharp price swings and shortages risking margins given materion gross margin of ebitda sensitivity to input costs.\u003e\n\u003c\/pany\u003e\u003c\/pfor\u003e\u003c\/pmaterion\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVolatility in Energy and Chemical Processing Inputs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVolatility in energy and specialty chemicals raises supplier power for Materion because advanced alloys and ceramics need constant electricity\/heat and niche reagents with few substitutes; industrial gas prices rose ~22% in 2022–2024, squeezing margins. \u003c\/p\u003e\n\u003cp\u003eGlobal oil and natural gas swings feed into Materion’s cost of goods sold—energy can account for 8–12% of production costs for similar manufacturers—forcing tight margin management on high-volume lines. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Switching Costs for Certified Inputs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMaterials for aerospace and medical use need certifications (FAA, ISO 13485) and traceability; re-qualification for a new supplier can take 6–18 months and cost millions (supplier audit, validation, process re-run), so switching is costly. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eImpact of Global Logistics and Freight Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMaterion depends on a small set of certified carriers for hazardous and high-value specialty metals, which raises logistics firms’ bargaining power and creates price sensitivity in procurement.\u003c\/p\u003e\n\u003cp\u003eLimited carrier capacity plus certification bottlenecks mean Materion faces less negotiation leverage, especially for time-sensitive shipments of Beryllium and specialty alloys.\u003c\/p\u003e\n\u003cp\u003eRising fuel prices and late-2025 global shipping congestion pushed landed raw-material costs up about 8–12% for specialty metals, increasing input-cost volatility.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFew certified carriers → higher supplier power\u003c\/li\u003e\n\u003cli\u003eCertification delays raise lead times\u003c\/li\u003e\n\u003cli\u003eLate-2025 fuel\/shipping issues ↑ landed costs 8–12%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupplier Integration and Resource Nationalization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eResource nationalization and export limits in countries like Chile and Congo raise supply risks for Materion; Chilean lithium export proposals in 2023 and Congo cobalt taxes lifting state stakes to 20–50% increase input price volatility.\u003c\/p\u003e\n\u003cp\u003eIf local suppliers integrate downstream or governments restrict exports, Materion could face higher procurement costs, longer lead times, and supply caps that press working capital and inventory buffers.\u003c\/p\u003e\n\u003cp\u003eGeopolitical leverage from 2024–25 commodity policy shifts is built into Materion’s sourcing and inventory strategy, prompting dual-sourcing, higher safety stocks, and contractual price passthroughs.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eChile\/Congo policy changes 2023–25 raised mineral risk premium ~5–15%\u003c\/li\u003e\n\u003cli\u003eDual-sourcing and inventory hikes raise carrying costs ~2–4% of revenue\u003c\/li\u003e\n\u003cli\u003eExport caps can delay shipments 30–90 days\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupplier squeeze: beryllium scarcity lifts costs 8–25%, squeezing Materion margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSuppliers hold high power: beryllium scarcity (90% US from few sites), concentrated specialty-metal vendors, certified-logistics bottlenecks, and energy\/chemical price swings raised landed costs 8–25% in 2022–25, squeezing Materion’s ~22% gross margin and forcing dual-sourcing and higher inventory (2–4% revenue). \u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBeryllium US share\u003c\/td\u003e\n\u003ctd\u003e~90%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInput cost spikes\u003c\/td\u003e\n\u003ctd\u003e8–25% (2022–25)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGross margin (2024)\u003c\/td\u003e\n\u003ctd\u003e~22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInventory carry impact\u003c\/td\u003e\n\u003ctd\u003e2–4% revenue\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eTailored Porter's Five Forces analysis for Materion that uncovers competitive drivers, supplier and buyer power, threat of substitutes and new entrants, and highlights disruptive trends and strategic levers to protect margins and market position.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eConcise Porter's Five Forces snapshot for Materion—quickly compare supplier, buyer, competitor, entrant, and substitute pressures to pinpoint strategic reliefs for pricing, sourcing, and R\u0026amp;D decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConcentration of Large-Scale Industrial Buyers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eA large share of Materion’s 2024 revenue—about 48% of its $1.02 billion sales—comes from a handful of semiconductor, aerospace, and defense customers, giving these high-volume buyers strong bargaining leverage.\u003c\/p\u003e\n\u003cp\u003eThey regularly extract customized pricing and extended payment terms; Materion disclosed top-10 customers accounted for ~37% of sales in FY2024.\u003c\/p\u003e\n\u003cp\u003eLoss of one top-tier contract could slash annual revenue by mid-single digits to low double-digits, materially denting EBIT given thin margin mix.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStringent Performance and Quality Requirements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCustomers in medical and aerospace demand micron-level precision and \u0026gt;99.9% reliability, enabling frequent audits and strict quality benchmarks that raise switching costs and erect entry barriers; however, this also lets them levy penalties—Materion reported warranty\/quality-related costs of $12.4m in 2024—so the company must spend heavily on R\u0026amp;D and QC (R\u0026amp;D expense $45m, capex $62m in 2024) to retain preferred-supplier status.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow Switching Costs in Standardized Segments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIn commoditized engineered-material segments, Materion faces low switching costs: buyers can pivot to competitors for cheaper non-specialized alloys, pressuring margins.\u003c\/p\u003e\n\u003cp\u003ePrice sensitivity is high—spot alloy price swings of 10–20% in 2024 meant customers used alternative quotes to shave supplier margins by several percentage points.\u003c\/p\u003e\n\u003cp\u003eMaterion must innovate and shift sales toward specialty, higher-margin alloys (where FY2024 specialty mix was ~62% of revenue) to escape low-moat, price-driven categories.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIn-House Capabilities of Major Tech Firms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpsome large tech customers including apple and samsung are investing in in-house material science disclosed a materials components r allocation the risk that materion could lose buyers face new competitors if production is internalized.\u003e\n\u003cpthis threat forces materion to expand value-added services: recycling programs analytical labs and design support which in accounted for an estimated of specialty-materials peers revenue streams.\u003e\n\u003cpoffering these services helps materion stay indispensable and protect margins as customers pursue vertical integration.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMajor customers exploring vertical integration (Apple, Samsung)\u003c\/li\u003e\n\u003cli\u003eApple materials R\u0026amp;D ~$1.2B in 2024\u003c\/li\u003e\n\u003cli\u003eValue-added services ≈12% revenue proxy (peers, 2024)\u003c\/li\u003e\n\u003cli\u003eLoss = buyer + potential competitor risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/poffering\u003e\u003c\/pthis\u003e\u003c\/psome\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCyclical Demand in End-Markets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMaterion’s customers’ buying power tracks semiconductor and auto cycles; chip capital spending fell about 20% in 2023 and global vehicle production dipped ~3% in 2024, prompting volume cuts and greater price pushback.\u003c\/p\u003e\n\u003cp\u003eIn downturns customers demand discounts to protect margins, and Materion’s pricing power weakens as fab and OEM orderbooks shrink—recovery depends on tech-capex and auto production rebounds.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2023 chip capex -20%\u003c\/li\u003e\n\u003cli\u003e2024 auto production -3%\u003c\/li\u003e\n\u003cli\u003ePricing tied to tech and industrial health\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh customer concentration and tech OEM leverage squeeze margins despite specialty mix\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eConcentrated buyers (top-10 ≈37% of FY2024 sales) and large tech OEMs give customers strong leverage, forcing custom pricing, extended terms, and quality penalties (warranty costs $12.4m in 2024), while specialty mix (~62% of revenue) and value-added services (~12% peer proxy) partially protect margins; cyclical demand (chip capex -20% in 2023, auto production -3% in 2024) raises price pressure.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 \/ 2023\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTop-10 customers\u003c\/td\u003e\n\u003ctd\u003e≈37% sales (FY2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpecialty mix\u003c\/td\u003e\n\u003ctd\u003e≈62% revenue (FY2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWarranty\/quality costs\u003c\/td\u003e\n\u003ctd\u003e$12.4m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D\u003c\/td\u003e\n\u003ctd\u003e$45m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e$62m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eChip capex change\u003c\/td\u003e\n\u003ctd\u003e-20% (2023)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAuto production change\u003c\/td\u003e\n\u003ctd\u003e-3% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eSame Document Delivered\u003c\/span\u003e\u003cbr\u003eMaterion Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact Materion Porter's Five Forces analysis you'll receive immediately after purchase—no placeholders or mockups—fully formatted and ready for use, covering supplier power, buyer power, competitive rivalry, threat of substitution, and barriers to entry with actionable insights and data-driven conclusions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56747258741113,"sku":"materion-five-forces-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/materion-five-forces-analysis.png?v=1772196749","url":"https:\/\/growthsharematrix.com\/products\/materion-five-forces-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}