Mr. Damoa’s deep business encounter and skill set will accelerate the Company’s company system
Salt Lake City, UT, Feb. 13, 2023 (World NEWSWIRE) — Genesis Electronics Group Announces the Appointment of Kevin Damoa as New Main Govt Officer
Mr. Damoa’s deep marketplace working experience and talent set will accelerate the Company’s company plan
Salt Lake City, UT – February 13, 2023 – Genesis Electronics Team, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending transport engineering Glīd, today announced that It has appointed Kevin Damoa as the New Main Government Officer of the Business.
Mr. Damoa is an professional Functions Qualified and armed service veteran with a demonstrated background of functioning in the Aviation & Aerospace, Electrification, E-Mobility, and Defense industries. Mr. Damoa has held important management positions at early start off ups and effectively-established companies. His heritage features Flight Module Logistics Administration at SpaceX, Integration Challenge Manager at Northrop Grumann, Vice President at Romeo Ability Technological know-how, Vice President at XOS Vans, Logistics & Safety Director at Canoo, and VP of Functions at Serial 1 Cycle Business.
Mr. Damoa is proficient in Operations Administration, Method/Venture Management, Compliance Engineering, Logistics Functions, Group Creating, Organizational Management, and Mechanical/Structural Layout. This track record and experience will be instrumental in the production of our Glīders and improvement of our company plan.
Prior to his appointment as CEO, Mr. Damoa was a Strategic Advisor to the Board of Directors. Throughout his time as Strategic Advisor, it became apparent that Mr. Damoa contained the capabilities, working experience and character to lead the Company into this next remarkable chapter of Enterprise development.
As section of the appointment of Mr. Damoa as CEO, Braden Jones will resign as CEO but remain Chairman of the Board.
Mr. Jones commented, “It is not just about every day that a youthful Firm like Genesis Electronics Group can use anyone as seasoned and precious as Kevin. As a co-founder of Glīd, Kevin’s vast depth of awareness and practical experience served shave off several years of trials and glitches. When we made the decision to merge Glīd with Genesis Electronics Group, we realized Kevin would be the ideal particular person to lead the Business.”
Mr. Jones continued “With our present-day and upcoming rapid growth we will keep on being vigilant in placing the appropriate expertise in the respective positions within our company. I will be relieved of some of my present-day CEO tasks in which I can now concentrate my finest talents on the specialized progress and deployment of our Glīders. We have been tricky at function and we have quite a few remarkable developments to report in the around future.”
As beforehand introduced, Genesis Electronics merged with Glīd (www.glidrail.com) on October 26, 2022. In addition, the Company’s Regulation A+ supplying was lately experienced by the SEC, making fundraising and advancement endeavours much a lot easier.
Glīd aims to just take a slice of the large trucking sector (worthy of about $732B dollars in 2020 in accordance to Statista) along with the international railroad field (worth around $295B in 2021 according to Grandview Analysis) by deploying a new way to ship existing semi-trailers above the rails.
As diesel and gasoline prices have soared, making it more costly for common over-the-road trucking organizations to make dollars, and as the nation has confronted driver shortages, railroad union strikes and congestion in ports, Glīd is positioning alone to be an alternative shipping supplier that solves quite a few of these industry issues.
Glīd’s patent-pending know-how, the initial of its variety, permits two specifically-produced “Glīder” cars to independently and autonomously transfer under an unaltered thoroughly-loaded semi trailer, join to both equally the king pin and rear axel and then raise the trailer. Once the trailer is lifted off the floor, the Glīders, making use of a uniquely built wheel process will be able to enter railroad tracks (through forked rail spurs, asphalt or concrete roadways) deploy rail wheels and then transportation the semi-trailer and travel at speeds of up to 70-80 mph. A video demonstration of the technologies can be considered here.
Contrary to standard procedures of transporting semi-trailers by stacking them on a rail automobiles, and then these rail vehicles sitting down in ports for times or months occasionally, Glīders are ready to quickly go from rail to non-public roads creating connections a lot easier, less expensive and faster. Every Glīder can exit the rails onto a personal large amount, wherever a semi tractor could then pick it up and consider it on the last leg of its spot.
Genesis Electronics Group ideas on setting up and working each Glīder with a new Glīder-as-a-Provider or “G-a-a-S” design. This will permit companions or operators to gain from the use of these automobiles and engineering, without having the significant up entrance capital expenditures.
More about the Company’s company ideas will be introduced in the around long run.
About Genesis Electronics Team, Inc.
Genesis Electronics Group, through Its wholly-owned subsidiary Glīd, is constructing to start with of Its kind autonomous street-to-rail shipping and delivery vehicles referred to as Glīders. Glīders will permit fully-loaded semi trailers obtain to rails where by customarily it didn’t make sense. Genesis Electronics Team designs on owning and operating each Glīder in its fleet, and delivering a “Glider-as-a-Service” business design.
Forward-On the lookout Statements
This push release may well incorporate “forward-wanting statements.” Forward-hunting statements are neither historical info nor assurances of long term effectiveness. In its place, they are primarily based only on our existing beliefs, anticipations and assumptions pertaining to the long run of our business enterprise, long run options and methods, projections, expected situations and tendencies, the economic climate and other potential problems. Simply because ahead-hunting statements relate to the future, they are subject to inherent uncertainties, risks and adjustments in situations that are hard to predict and numerous of which are outside of our command. Our actual effects and economic affliction may perhaps differ materially from all those indicated in the forward-hunting statements. Consequently, you must not depend on any of these forward-looking statements. Vital aspects that could bring about our precise outcomes and fiscal issue to differ materially from those indicated in the forward-wanting statements are included in our filings with the Securities and Trade Commission, including the “Risk Factors” area of our once-a-year disclosure report on the OTC Markets for the yr ended December 31, 2020. Any ahead-hunting assertion created by us in this release is centered only on information at this time obtainable to us and speaks only as of the day on which it is built. We undertake no obligation to publicly update any forward-wanting assertion, whether or not published or oral, that may be built from time to time, whether as a outcome of new information and facts, long term developments or otherwise, besides as may possibly be demanded under relevant regulation.
Press Speak to:
Genesis Electronics Group, Inc.
[email protected]
