Genesis Electronics Group Inc (GEGI)

[BeamMeUpScotty]

Exactly! See Yesterday’s news below This is being found.

See the link below


https://www.otcmarkets.com/stock/GEGI/news/Genesis-ElectronicsGroup-Announces-Manufacturing-Partnership-With-Bart-Manufacturing?id=403981


Genesis Electronics Group Announces Manufacturing Partnership With Bart Manufacturing
Press Release | 06/12/2023
Salt Lake City, UT, June 12, 2023 (GLOBE NEWSWIRE) -- Salt Lake City, UT – June 12, 2023 – Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glid, announced that it has signed a binding exclusive manufacturing partnership agreement with Bart Manufacturing, Inc. to build Glid units.

Glid and Bart also confirmed that production of the all-electric Glid units is projected to start at the end of the summer once final joint design for manufacturing activities are completed, at Bart’s world-class manufacturing facility in Stockton, CA, where they have provided engineered solutions in Technology, Automotive, Aerospace, Industrial Systems, Consumer Electronics and Solar Industries for companies.

“From the start of this partnership, Glid and Bart aligned very quickly on the importance of delivering a high-quality product that will support, at such a crucial time, as short line rail operators look to identify a decarbonized and safer solution across the United States,” said GEGI and Glid’s CEO, Kevin Damoa.

This agreement is broad-based and comprehensive, covering planned volumes, manufacturing costs and quality metrics required to meet the company’s first projected milestone to complete the first 10 sets of Beta units that will be deployed in the field to prove out the durability, reliability, and quality of the product. The learnings from the Beta Program will be applied to Glid and Bart’s commercialization program’s lifecycle through 2029 which will cover all stages, including the critical planning and launch phases.

“Our customized electro mechanical manufacturing approach, combining all elements of our product and services portfolio, makes Bart’s proposition highly competitive – in capital efficiency, launch reliability and speed to market,” said Bart President, Joel Weissbart. “Our collaboration with Glid is an excellent example demonstrating the unique capabilities Bart offers as the go-to supplier when it comes to delivering world-class technologies and apparatus for our customers.”

This partnership leverages the deep experience Glid executives have working with Bart on previous projects at other companies and will provide opportunities to increase volumes with the Glid units or other Glider architecture variants, as well as collaboration on efficiencies in the production process that may drive post-launch manufacturing, material, component, and cost innovations.

“We are delighted to partner with Glid and support in bringing this vision to reality,” stated Trevor Weissbart, Vice President of Bart Manufacturing, “ We feel that this bleeding edge technology combined with our goal to achieving carbon neutrality is an important corporate goal and integral to our purpose to help build a better world,”

About Genesis Electronics Group, Inc.

Genesis Electronics Group, through Its wholly-owned subsidiary Glid, is building first of Its kind autonomous road-to-rail shipping vehicles called Gliders. Gliders will enable fully-loaded semi-trailers access to rails where traditionally it didn’t make sense. Genesis Electronics Group plans on owning and operating each Glider in its fleet, and providing a “Glider-as-a-Service” business model.