Introducing Genesis Electronics Group, Inc. (OTC: GEGI), a game-changer in the transportation industry. Through its subsidiary, Glid, the company is pioneering the development of cutting-edge autonomous road-to-rail shipping vehicles known as Gliders. With a commitment to delivering a greener and more sustainable future, Genesis Electronics Group offers a unique "Glider-as-a-Service" business model. Recent milestones, including strategic investments, exclusive manufacturing partnerships, and groundbreaking rail inspection technology, demonstrate the company's dedication to revolutionizing the intermodal transportation landscape. As Genesis Electronics Group sets its sights on the thriving U.S. freight rail market, it aims to tap into its massive potential for innovation and improvement. With a rapidly expanding market worth over $70 billion and a compound annual growth rate exceeding 4%, the U.S. freight rail industry offers unparalleled opportunities for Genesis Electronics Group to lead the industry's transformation and meet the evolving needs of rail operators, customers, and regulators. Get ready to embark on a journey of innovation and progress with Genesis Electronics Group and witness the future of intermodal transportation unfold.
Genesis Electronics Group, Inc, is in the process of constructing cutting-edge autonomous road-to-rail shipping vehicles known as Gliders. These innovative vehicles will facilitate the transportation of fully loaded semi-trailers onto railway tracks, even in scenarios where it was previously deemed impractical. Genesis Electronics Group intends to possess and operate every Glider within its fleet, while also offering a business model referred to as "Glider-as-a-Service."
On May 4, 2023, Genesis Electronics Group, Inc. made an announcement regarding the completion of its current Reg A offering with the final subscription agreement for $190,000 from Strategic Investor, 40 Brightwater, LLC. As per Rule 144, these shares will be subject to restrictions due to the size of the investment.
Kevin Damoa, the CEO of Genesis Electronics Group, expressed appreciation for Shannon Newby and 40 Brightwater LLC's investment, emphasizing its significance for both their Glid technology and the nation's commitment to swiftly transitioning towards a greener and more sustainable future. The company is grateful for the belief and support received and eagerly anticipates collaborating to forge a brighter tomorrow in intermodal transportation.
Also, on May 26, 2023, Genesis Electronics Group, Inc. (GEGI) announced the execution of loan agreements for a credit facility with 40 Brightwater, LLC, allowing GEGI to borrow up to $750,000. The loan is expected to be finalized and funded by June 15, 2023.
Following their initial investment in GEGI through the Company's Reg A offering, 40 Brightwater, LLC has demonstrated growing interest in GEGI's business, technology, management team, and business potential. They are now providing this credit facility to support GEGI's operations and the development of its initial Glider units.
The proposed loan is part of a larger financial arrangement between Clear Rock Sustainable Energy, Inc. (Clear Rock Energy) and 40 Brightwater, LLC. This arrangement aims to establish an expanded business relationship between Genesis Electronics Group and Clear Rock Energy, focusing on GEGI's Glid autonomous road-to-rail patent-pending shipping technology. The collaboration seeks to explore new business opportunities in Mexico, Nigeria, South Africa, and Zimbabwe, where Clear Rock Energy has subsidiaries and business relationships. The ultimate goal is to secure new global markets for Genesis Electronics Group's Gliders.
On June 06, 2023, Genesis Electronics Group, Inc. (GEGI) unveiled its cutting-edge rail inspection and safety testing technology for Glider units. This advanced feature enables the transmission of crucial safety data to operators and railroad owners. Each unit pair will be equipped with rail inspection capabilities, utilizing Non-Destructive Evaluation/Test (NDE/T) technology to detect rail defects and assess track conditions. The system includes high-quality point-tilt-zoom (PTZ) cameras and 3DLOC software, enabling the Glider to geotag inspection data and seamlessly upload it to Glid's database. This comprehensive service, known as GLaaS (Glider-as-a-Service), provides detailed reports to customers and rail owners, facilitating more precise and efficient outage planning, reducing downtime, and minimizing revenue loss.
According to the Federal Railroad Administration, track failures caused 783 train derailments between 2018 and 2021, resulting in 14 fatalities and direct costs exceeding $165 million. These figures do not account for indirect costs to communities or revenue losses due to unusable lines.
Genesis Electronics Group has garnered significant praise and interest from short-track rail owners, who see the potential of integrating Glid units for track inspections during freight transportation. The company plans to incorporate this groundbreaking technology into its initial Beta units.
Also, on June 12, 2023, Genesis Electronics Group, Inc. (GEGI) announced the signing of an exclusive manufacturing partnership agreement with Bart Manufacturing, Inc. This collaboration will focus on building Glid units.
Glid and Bart have confirmed that production of the all-electric Glid units is scheduled to commence at the end of summer. The final joint design for manufacturing activities will be completed at Bart's state-of-the-art facility in Stockton, CA. Bart has a strong track record of providing engineering solutions to various industries such as Technology, Automotive, Aerospace, Industrial Systems, Consumer Electronics, and Solar.
Kevin Damoa, CEO of GEGI and Glid, emphasized the shared commitment to delivering a high-quality product that addresses the pressing need for a decarbonized and safer solution for short line rail operators across the United States.
This broad and comprehensive agreement encompasses planned volumes, manufacturing costs, and quality metrics necessary to achieve the company's initial milestone of completing the first 10 sets of Beta units. These units will be deployed in the field to validate the product's durability, reliability, and quality. The insights gained from the Beta Program will inform Glid and Bart's commercialization program throughout 2029, encompassing all stages, including crucial planning and launch phases.
By targeting U.S. freight railroads, companies like Genesis Electronics Group can tap into a vast market with significant potential for innovation and improvement. The implementation of advanced technologies, such as Glid units, can greatly enhance the safety, efficiency, and environmental performance of freight rail operations. This, in turn, can lead to substantial cost savings for rail operators and contribute to a more sustainable and resilient logistics ecosystem.
Moreover, the U.S. freight rail industry is subject to evolving regulatory standards and requirements. As the industry moves toward decarbonization and increased focus on safety, companies that provide innovative solutions tailored to meet these evolving demands stand to gain a competitive advantage. By targeting the U.S. freight railroads, Genesis Electronics Group can position itself as a key player in driving the industry's transformation and meeting the evolving needs of rail operators, customers, and regulators.
To add, the U.S. freight rail industry represents a substantial market with significant growth potential. According to market research reports, the U.S. freight rail market was valued at over $70 billion in recent years. This figure is expected to witness robust growth in the coming years, driven by various factors such as increasing demand for efficient transportation, expanding e-commerce activities, and the need for sustainable logistics solutions. The market's compound annual growth rate (CAGR) has been impressive, consistently exceeding 4% over the past few years. This indicates a rapid expansion of the industry year by year. The U.S. freight rail market offers immense opportunities for companies that can introduce innovative technologies and solutions to enhance operational efficiency, safety, and sustainability in this evolving landscape.
In conclusion, Genesis Electronics Group, Inc. (OTC: GEGI) is spearheading a transformative shift in the transportation industry through its cutting-edge Glid autonomous road-to-rail shipping vehicles. By forging strategic partnerships, implementing advanced rail inspection technology, and focusing on the U.S. freight rail market, the company is poised to drive innovation, sustainability, and operational excellence. With a substantial market size and a robust growth trajectory, the U.S. freight rail industry presents significant opportunities for Genesis Electronics Group to introduce state-of-the-art solutions and shape the future of intermodal transportation. The company's commitment to delivering high-quality, greener, and safer transportation solutions positions it as a key player in driving industry transformation and meeting evolving market demands. Witness the remarkable journey of Genesis Electronics Group as it leads the way in revolutionizing intermodal transportation and making a lasting impact on the industry.
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GENESIS ELECTRONICS GROUP, INC. 