LAS VEGAS, March 7, 2016 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) (the "Company" or "XLI") is pleased to announce that it has expanded its recently announced exclusive distribution and marketing rights agreement (the "Agreement") with Bosch Technologies, LLC ("BTL") to include additional products. As previously stated, BTL has acquired these distribution rights from Triton Solar, LLC ("Triton").
Per the Agreement, XLI Technologies, Inc. will have the exclusive marketing and distribution rights to some of BTL additional products, including the Printed LightSheets, Printed Solar Panels and Printed Batteries, for the Caribbean Islands excluding Cuba. The Caribbean Islands encompasses 121 countries including US Virgin Islands, Barbados, Bonaire, the Cayman Islands, Saint Croix, the Bahamas, Hispaniola, Puerto Rico, Jamaica, Dominica, Montserrat, Saba, Saint Kitts, Saint Lucia, Saint Thomas, Saint John, Tortola, Grenada, Saint Vincent, Guadeloupe, Martinique, and Trinidad & Tobago. Under terms of the Agreement, BTL will become the exclusive international distributor for Printed LightSheets, Printed Batteries and Printed Solar Panels.
James Schramm, CEO of XLI Technologies, Inc., stated, "Aside from their amazing media deals, Bosch Technologies acquires license distribution rights for some of the most exciting new technologies that I've come across over the last few years. Now this new agreement gives us the exclusive rights to distribute and market the other equally exciting technologies in other parts of the world. Bosch Technologies will support XLI Technologies, develop new opportunities from our growing product lineup and expanded geographic outlook."
"We executed this Agreement with Bosch in order to capitalize on the opportunity to market and distribute these additional products in the Caribbean as several parties have shown an interest in purchasing our new lineup of products. In order to streamline distribution to these areas, BTL will assist in the sales, networking and expedite fulfillment to readily complete shipments and orders there in the near future," concluded Schramm.
The technologies covered by the agreement include:
Printed Solar Panels
These Solar Panels utilize nanotechnology to create lightweight printable solar panels. Featuring windows that are clear and functional from both directions. This allows sunlight to pass through while generating electricity, even in conditions of low and ambient lighting.
These Printed Batteries are a printed power source designed to be produced onto a thin, flexible material with flexible construction, which can thereafter be retrofitted onto printed solar panels and lighting.
This lighting technology provides the world with a new method of efficient illumination. Printed LightSheets can be used in a wide variety of products including, but not limited to, retail signs, promotional signs, restaurant menus, road signs, etc. The Printed Lights produce 600-800 lumens depending on size, which can range from one square inch to 800 square feet. Despite the provided brightness, the lights only consume .0625 watts per square foot and have a life span of 80,000-100,000 hours.
About Bosch Technologies, LLC
Bosch Technologies, LLC is a multi-media conglomerate and service provider which owns, distributes and acquires proprietary, license distribution rights of many marketing programs including Nanotechnology products and facilities (BoschTec.com).
About XLI Technologies, Inc.
XLI Technologies, Inc., through its wholly owned subsidiary, Bosch International, LLC, provides unique, versatile, durable, and eco-friendly nanotechnology printed lighting products (Printed LightSheets™) to the entertainment sector, including movie theaters, movie studios, production and distribution companies, talent and management agencies, marketing and PR firms, outdoor media and limited automotive in the USA and Canada. The Company is also exploring several other potential applications of the technology as well as expansion of territory rights.
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.