XLI Technologies' LightSheets to be tested on Prototype Concept Car by Major Auto Manufacturer
Dec 11, 2015, 06:00 ET
LAS VEGAS, Dec. 11, 2015 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) (the "Company" or "XLI") is pleased to announce that the Company's wholly owned subsidiary, Bosch International, LLC, has provided customized printed LightSheet films to InmartGroup, Ltd. ("InmartGroup"), a Detroit-area full service marketing company.
The customized printed LightSheet films from this purchase order by InmartGroup were designed to meet the hood specifications of a 2016 Chevrolet Camaro. Following receipt of these customized printed LightSheet films, InmartGroup provided them to General Motors Company where they were anticipated to be used in a 2016 Chevrolet Camaro concept car.
"With 5th-generation Chevy Camaro production ended just last month after an almost seven year run, this new 6th-generation 2016 model year Camaro is a significant milestone for the classic all-American performance car," commented James Schramm, CEO of XLI Technologies. "We are very excited that our LightSheets can play a starring role in what we expect will be an awesome looking concept car seen by a multitude loyal Camaro enthusiasts and other performance car lovers all over the world."
Schramm concluded, "In addition to the invaluable global exposure for Printed LightSheets and XLI from our prominent contribution to this unique Camaro concept car project, we are confident that the testing of these customized Printed LightSheet films will have positive results, therefore leading to a broader relationship with InmartGroup as there is a myriad of potential applications for our films in the automotive industry."
About XLI Technologies, Inc. (OTC PINK: XLIT)
XLI Technologies, Inc., through its wholly owned subsidiary, Bosch International, LLC, provides unique, versatile, durable, and eco-friendly Nanotechnology printed lighting products (LightSheets) to select companies in the automotive industry and 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 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. XLI Technologies, Inc. has sold customized printed LightSheet films to InmartGroup and not directly to any major automotive manufacture. XLI Technologies, Inc. does not have any direct relationship with any major automotive manufacturer, including any manufacturer discussed in this press release. XLI Technology, Inc. has a relationship with InmartGroup, Ltd. 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.
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