LAS VEGAS, Jan. 29, 2016 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) (the "Company" or "XLI") is pleased to announce that through its wholly-owned subsidiary, Bosch International, LLC, the Company has entered into a Strategic Partnership with M&T Displays, LLC.
M&T Displays (www.MTdisplaysllc.com) is one of the largest display manufacturers in the world with the largest product offering consisting of over 21 product groups and more than 6,000 articles. They are also one of the largest manufacturers and distributors of plastic extrusion lines in Europe (www.MTplastech.com). M&T Displays is a privately held corporation with headquarters in Gebze/Kocaeli, Turkey. Its primary business involves the design, manufacturing, distribution and sales of display products. M&T Displays has sales and distribution centers located in multiple countries throughout the world. The North American location is conveniently located five miles from New York City in Moonachie, NJ. M&T Displays manufactures an unlimited variety of innovative high-quality indoor and outdoor displays designed specifically for maximum marketing and advertising exposure.
James Schramm, Chairman and CEO of XLI Technologies confirmed this deal today, Jan. 29, 2016 with M&T Displays executive, Paul Bryant. This not only confirms and establishes a complete, profitable and exciting positioning, but the first order and shipment of 8 different articles and 5 different categories scheduled to be delivered next week.
Paul Bryant, Executive for M&T Displays stated, "We are very proud to be part of this new and exciting project with XLI Technologies, providing a complete nanotechnology display package (first of it's kind the world) which can position this strategic partnership as a billion dollar conglomerate."
"We are extremely excited to begin working with M&T, adding our Printed LightSheets technology to their designs," stated James Schramm, Chairman and CEO of XLI Technologies. "The combination of our super-thin LightSheets with M&T's high-quality snap frames and other customized products are sure to create a spectacular fully lit display that will impress any marketing company, theater operator, retailer, and consumer no matter what the environment - indoor or outdoor - day or night."
Schramm concluded, "The first fully operational M&T Display products featuring XLI's Printed LightSheets will be available next week (Feb. 3, 2016) for placements in theaters/Cinemas across the U.S and Canada as well as limited release for the studios, distributors, media and marketing companies. We expect within 90 days a full line-up of products, including multiple frame and stand designs available for delivery."
For additional information regarding M&T Displays, LLC, readers are encouraged to visit www.mtdisplaysllc.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.