Genesis Electronics Enforcing Solar Patents
01 Outubro 2010 - 5:05PM
Marketwired
Genesis Electronics Group, Inc. (OTCBB: GEGI),
www.genesiselectronicsgroup.com, announced that it is enforcing its
patents for solar rechargeable power sources, noting that several
companies may have violated one or more of the claims within these
patents. Genesis owns U.S. patent 6,586,906 for a Solar
Rechargeable Battery and has licensed the rights to U.S. patents
5,644,207 and 6,608,464 for an Integrated Power Source and an
Integrated Power Source Layered with Thin Film Rechargeable
Batteries, Charger, and Charge Control, respectively, from Johns
Hopkins University Applied Physics Laboratory. Executives and legal
representatives at Genesis believe that several companies currently
selling or planning to sell products incorporating solar-powered
batteries have infringed on Genesis' specific rights to this
technology.
Ed Dillon, Genesis' President and CEO, commented, "Genesis has
taken careful steps and undergone great expense to procure
state-of-the-art patented technology that will make our products
more useful to consumers and more desirable to distributors and
resellers. Our current product development, such as the SunBlazer™
solar-powered charger for the iPhone, is based on that technology.
It is our duty to the company and to our investors to exercise
every power under the law to defend our rights to this
technology."
Mr. Dillon continued, "We have always kept abreast of would-be
competition in the marketplace and we are taking strong action in a
very proactive manner. Companies that we and our legal counselors
at Pepper Hamilton LLP believe are violating our patent claims have
been issued formal letters ordering them to cease and desist in the
importing and/or marketing of their products. It is our aim to
protect our interests, and take the appropriate measures to ensure
our shareholders that we are diligently acting in their best
interests."
About Genesis Electronics, Inc. Genesis
Electronics, Inc., a wholly-owned subsidiary of Genesis Electronics
Group, Inc., is a developmental stage electronics company with a
patented process for charging and re-charging a battery from solar
energy and efficiently transferring that energy to the battery of
an electronic device. The company has developed this technology to
produce solar chargers for multi-featured cell phones, such as the
G-2000 designed for the iPhone. The key to Genesis Electronics'
technology is its patented "Enhanced Solar to Battery Electronic
Technology," a unique process that charges a battery from solar
energy and efficiently transfers that energy to the battery of an
electronic device and optimizes the conversion of light into
electrical energy. This technology can be applied to virtually any
portable or hand-held electronic device. For more information about
Genesis Electronics, Inc. and the SunBlazer™, visit the company's
website at www.mysunblazer.com.
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; product demand; new systems introduction;
vendors pricing; supply of software.
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.
CONTACTS: Investor Relations Edward C. Dillon President Genesis
Electronics Group, Inc. (954) 272-1200
Genesis Electronics (CE) (USOTC:GEGI)
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