LAS VEGAS, Nov. 6, 2015 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: MYXY)(f/k/a Mineria Y Exploraciones Olympia, Inc.) ("XLI" or the "Company") is pleased to provide additional details regarding its corporate mission statement and business development strategy.
XLI Technologies, Inc. provides unique, versatile, durable, and eco-friendly nanotechnology printed light products (LightSheets™) to the entertainment sector, including movie theaters, movie studios, production and distribution companies, talent and management agencies, marketing and PR firms, and outdoor media in the USA and Canada.
The Company, through its wholly owned subsidiary, Bosch International, LLC, is currently accelerating its corporate development strategy and intends to focus its efforts on expanding its proprietary LightSheets™ product line and continuing to build market awareness for LightSheets™ within the multi-billion dollar North American entertainment sector.
LightSheets™ are a 100% nanotech-based light product utilizing a specialty coating printed on a thin sheet (as thin as paper) to generate a clean and pure light source that uses less than one watt of electricity per foot. LightSheets™ can be bent, cut, folded and smashed without causing any affect or altering to the light. LightSheets™ have a heat tolerance of 200 degrees F and cold tolerance of -15 degrees F, can stay on continuously for 10 years, have no LEDs, no bulbs, no fuses, no glass, and not even any conductive metal.
Bosch International currently offers LightSheets™ in pre-configured Portable Backlit Packages, each designed specifically for the motion picture industry (5 sizes - Mini Billboard 48" x 96", Backlit 27" x 40", Versatile 24" x 36", Placement 22" x 28", and Spot 18" x 24"). On demand, Bosch also provides custom sized and shaped LightSheets™ as small as 1 x 1 inch or as large as 800 x 800 feet. The Company is also exploring several other potential applications of the technology.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE XLI Technologies, Inc.