Genesis Electronics to Investigate Patent Infringements
April 05 2010 - 9:00AM
Marketwired
Genesis Electronics Group, Inc. (OTCBB: GEGI),
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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