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17.02.2011
Genesis Electronics to Investigate Patent Infringements
Genesis Electronics to Investigate Patent Infringements
Genesis Will Challenge Use of Specific Technology
HOLLYWOOD, FL--(04/05/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), www.genesiselectronicsgroup.com, a developmental stage electronics company with patents for charging and re-charging a battery from solar energy and efficiently transferring that energy to the battery of an electronic device, has retained the law firm of Pepper Hamilton LLP to advise it on issues related to infringements of the company's patents for solar-powered rechargeable battery modules and solar-powered integrated power sources.
Genesis Electronics owns the rights to patent number 6,586,906 and has recently secured the rights to patent numbers 5,644,207 and 6,608,464 from the Johns Hopkins University Applied Physics Laboratory (JHU/APL), www.jhuapl.edu. This family of patents covers applications for popular hand-held devices. Under their licensing agreement, JHU/APL has agreed to cooperate with Genesis Electronics and its attorneys in litigation regarding discovered patent infringements.
These patents strengthen Genesis Electronics' positioning, as the company is rapidly completing development of a solar-powered charger aimed at the more sophisticated, environmentally conscious, smart-phone consumer. Genesis Electronics' high-tech charger, SunBlazer™, is engineered to deliver a high level of performance. The company anticipates making the product commercially available within the next several months. Information about Genesis Electronics and the SunBlazer™ can be found at www.genesiselectronics.net.
Ed Dillon, President and CEO of Genesis Electronics Group, stated, "The remarkable technology that we own and license is instrumental in the development of our products, current and future. We are prepared to take all necessary steps to protect our intellectual property as we move forward. We are keenly aware of our place in the market, not just with respect to smart-phones, but with respect to hand held devices. We will continue to look to strengthen our patent portfolio, and we will take steps we deem necessary to protect shareholder value."
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as may be required by applicable law or regulation.
CONTACT:
Investor Relations
Ed Dillon, President
(954) 272-1200
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Genesis Will Challenge Use of Specific Technology
HOLLYWOOD, FL--(04/05/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), www.genesiselectronicsgroup.com, a developmental stage electronics company with patents for charging and re-charging a battery from solar energy and efficiently transferring that energy to the battery of an electronic device, has retained the law firm of Pepper Hamilton LLP to advise it on issues related to infringements of the company's patents for solar-powered rechargeable battery modules and solar-powered integrated power sources.
Genesis Electronics owns the rights to patent number 6,586,906 and has recently secured the rights to patent numbers 5,644,207 and 6,608,464 from the Johns Hopkins University Applied Physics Laboratory (JHU/APL), www.jhuapl.edu. This family of patents covers applications for popular hand-held devices. Under their licensing agreement, JHU/APL has agreed to cooperate with Genesis Electronics and its attorneys in litigation regarding discovered patent infringements.
These patents strengthen Genesis Electronics' positioning, as the company is rapidly completing development of a solar-powered charger aimed at the more sophisticated, environmentally conscious, smart-phone consumer. Genesis Electronics' high-tech charger, SunBlazer™, is engineered to deliver a high level of performance. The company anticipates making the product commercially available within the next several months. Information about Genesis Electronics and the SunBlazer™ can be found at www.genesiselectronics.net.
Ed Dillon, President and CEO of Genesis Electronics Group, stated, "The remarkable technology that we own and license is instrumental in the development of our products, current and future. We are prepared to take all necessary steps to protect our intellectual property as we move forward. We are keenly aware of our place in the market, not just with respect to smart-phones, but with respect to hand held devices. We will continue to look to strengthen our patent portfolio, and we will take steps we deem necessary to protect shareholder value."
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as may be required by applicable law or regulation.
CONTACT:
Investor Relations
Ed Dillon, President
(954) 272-1200
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=US37185B1044">http://www.irw-press.com/alert_subscription.php?lang=en&isin=US37185B1044</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.