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Posted On: 03/02/2023 9:09:13 AM
Post# of 145174
$GEGI .0009 Company’s roadmap will help guide shareholders
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Genesis Electronics Group Announces 2023-2024 RoadmapThe Company’s roadmap will help guide shareholders on Its progress and plans
GLOBENEWSWIRE 3:01 AM ET 3/2/2023
Symbol Last Price Change
GEGI 0.0009down 0 (0%)
QUOTES AS OF 12:00:00 AM ET 03/01/2023
Salt Lake City, UT, March 02, 2023 (GLOBE NEWSWIRE) -- Genesis Electronics Group Announces 2023-2024 Roadmap
The Company’s road map will help guide shareholders on Its progress and plans
Salt Lake City, UT – March 2, 2023 – Genesis Electronics Group, Inc.(GEGI) , the maker of the autonomous road-to-rail patent-pending shipping technology Glīd, today announced Its 2023-2024 business roadmap.
Since Kevin Damoa has been appointed as CEO, the Company has made great progress. They have set their business plan for 2023 and for 2024 and have put together a new roadmap for assembling the partners and technology needed for the future.
The summary of the roadmap is as follows:
Image: https://ml.globenewswire.com/Resource/Downloa...14cd7e2a22
PHASE Timeframe
MVP Development - Spring of 2023
Propellant selection
Hiring - Engineering
Market Segmentation Study
Component Selection Evaluation
Core Competencies Development
People & Partnerships Summer of 2023
Hiring – Finance & Biz Dev
Technology Partner(s) Selection/Award
Manufacturing Partner(s) Selection/Award
Pre-Order Readiness Fall of 2023
Glīder Beta testing
UX/UI Testing
Generate Customer Pre-order LOI
Fundraising Winter of 2023
Additional Fundraising $15-20M
Hiring - Service, Brand, Sales
Critical Certification testing
Pre-production Ramp
Product Launch Spring of 2024
Multi-unit fleet deployment
Field service support operational
Software platform operational
Phase 2 Launch Summer of 2024
Glīder v2 development
DOT/DOD configuration
Alternative propellant
Service/Charge centers
The Company is seeking as many non-dilutive financing options as possible to fund and build the growth of the business.
We ask our Shareholders to continue to watch for news relating to the execution of the different phases of this roadmap.
About Genesis Electronics Group, Inc.
Genesis Electronics Group (GEGI), through Its wholly-owned subsidiary Glīd, is building first of Its kind autonomous road-to-rail shipping vehicles called Glīders. Glīders will enable fully-loaded semi trailers access to rails where traditionally it didn’t make sense. Genesis Electronics Group(GEGI) plans on owning and operating each Glīder in its fleet, and providing a “Glider-as-a-Service” business model.
Forward-Looking Statements
This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual disclosure report on the OTC Markets for the year ended December 31, 2020. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.
Press Contact:
Genesis Electronics Group, Inc.(GEGI)
communications@genesis-electronics.com
Image: https://www.globenewswire.com/newsroom/ti?nf=...IwMTk1ODY=
Image: https://ml.globenewswire.com/media/NzNjYTUyZD...p-Inc-.png
Image: Primary Logo
Source: Genesis Electronics Group, Inc.(GEGI)
2023 GlobeNewswire, Inc.
All Content and Data provided by Third-Parties — Terms of Use
Genesis Electronics Group Announces 2023-2024 RoadmapThe Company’s roadmap will help guide shareholders on Its progress and plans
GLOBENEWSWIRE 3:01 AM ET 3/2/2023
Symbol Last Price Change
GEGI 0.0009down 0 (0%)
QUOTES AS OF 12:00:00 AM ET 03/01/2023
Salt Lake City, UT, March 02, 2023 (GLOBE NEWSWIRE) -- Genesis Electronics Group Announces 2023-2024 Roadmap
The Company’s road map will help guide shareholders on Its progress and plans
Salt Lake City, UT – March 2, 2023 – Genesis Electronics Group, Inc.(GEGI) , the maker of the autonomous road-to-rail patent-pending shipping technology Glīd, today announced Its 2023-2024 business roadmap.
Since Kevin Damoa has been appointed as CEO, the Company has made great progress. They have set their business plan for 2023 and for 2024 and have put together a new roadmap for assembling the partners and technology needed for the future.
The summary of the roadmap is as follows:
Image: https://ml.globenewswire.com/Resource/Downloa...14cd7e2a22
PHASE Timeframe
MVP Development - Spring of 2023
Propellant selection
Hiring - Engineering
Market Segmentation Study
Component Selection Evaluation
Core Competencies Development
People & Partnerships Summer of 2023
Hiring – Finance & Biz Dev
Technology Partner(s) Selection/Award
Manufacturing Partner(s) Selection/Award
Pre-Order Readiness Fall of 2023
Glīder Beta testing
UX/UI Testing
Generate Customer Pre-order LOI
Fundraising Winter of 2023
Additional Fundraising $15-20M
Hiring - Service, Brand, Sales
Critical Certification testing
Pre-production Ramp
Product Launch Spring of 2024
Multi-unit fleet deployment
Field service support operational
Software platform operational
Phase 2 Launch Summer of 2024
Glīder v2 development
DOT/DOD configuration
Alternative propellant
Service/Charge centers
The Company is seeking as many non-dilutive financing options as possible to fund and build the growth of the business.
We ask our Shareholders to continue to watch for news relating to the execution of the different phases of this roadmap.
About Genesis Electronics Group, Inc.
Genesis Electronics Group (GEGI), through Its wholly-owned subsidiary Glīd, is building first of Its kind autonomous road-to-rail shipping vehicles called Glīders. Glīders will enable fully-loaded semi trailers access to rails where traditionally it didn’t make sense. Genesis Electronics Group(GEGI) plans on owning and operating each Glīder in its fleet, and providing a “Glider-as-a-Service” business model.
Forward-Looking Statements
This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual disclosure report on the OTC Markets for the year ended December 31, 2020. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.
Press Contact:
Genesis Electronics Group, Inc.(GEGI)
communications@genesis-electronics.com
Image: https://www.globenewswire.com/newsroom/ti?nf=...IwMTk1ODY=
Image: https://ml.globenewswire.com/media/NzNjYTUyZD...p-Inc-.png
Image: Primary Logo
Source: Genesis Electronics Group, Inc.(GEGI)
2023 GlobeNewswire, Inc.
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