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Genesis Electronics Enforcing Solar Patents(February 21, 2011)
Cease and Desist Letters Have Been Issued
HOLLYWOOD, FL--(10/01/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), 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.
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.
Edward C. Dillon
Genesis Electronics Group, Inc.
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