Genesis Electronics Group Inc (GEGI)

[beer$$money]

$GEGI seems to be some confusion as to the Market sector Glid autonomous vehicles are operating in? Which has brought up some discussion about Federal & State Regulation which is not an issue here with the autonomous road-to-rail patent-pending shipping technology of Genesis Glid!

From the June 15, 2023 PR "Glid’s focus is to enable the transportation of freight from road to rail autonomously and as simply as possible. The Company’s patent-pending technology will pick up a fully-loaded semi-trailer from a private property, access the rails and travel to the desired destination, where it will then egress from the rail onto another private property. Once on the property, trucks will pick up the trailers and carry the cargo the final mile.

State regulators have laws that limit the amount of cargo that can be hauled by diesel big rigs based on state, municipal, county, and federal regulations regarding their Gross Vehicle Weight Rating (GVWR) on Public roads. With respect to AV technology of all motor vehicles the federal government has published voluntary guidance that empowers state governments to create autonomous vehicle (AV) statutory frameworks. Over the last decade, this state-focused approach has motivated 40 states, plus Washington, DC, to enact various levels AV laws that allow for testing on non-public roads of fully autonomous vehicle operation on public roads.

Glid does not operate on Public transportion roads and because of that it is not subjected too federal & state regulations regarding their Gross Vehicle Weight Rating.
That means that Glid vehicles, when fully loaded with a semi-trailer, will be able to carry 3-4 times the amount of weight as an average semi-trailer. What this means is that Glid vehicles can add more weight past the 80,000 lb gross weight limit for tractor-trailers because these Glid vehicles will only go from private property to rail to private property.

https://www.otcmarkets.com/stock/GEGI/news/The-Recent-Ban-on-Sales-of-New-Diesel-Trucks-in-California-Supports-the-Need-for-Gld-Technology?id=404403

"Who owns the railroad tracks?”
In the United States and Canada, that answer is overwhelmingly the railroads themselves.

Unlike motor freight, which utilizes government-maintained roadway infrastructure, the railroads own both the rights-of-way and the tracks that their trains operate on. This represents approximately 140,000 miles of track that the railroads are responsible for maintaining and upkeeping for freight to move effectively across North America.



The story is different in Mexico, where the government owns all railroad infrastructure. Lines are operated under charters to rail companies like Ferromex (FXE), Ferrosur (FSRR) and Kansas City Southern de Mexico, who perform freight services and are paid by the government to upkeep the tracks.