HENDERSON, Nev., March 15, 2021 /PRNewswire/ — Gen2 Applied sciences Inc. (the “Firm”) (OTC: MNIZ) is happy to announce that following an prolonged interval of negotiations it has signed a MoU with Snipitz – a sophisticated social media platform using a sturdy consumer interface (UI) designed to supply distinctive viewing capabilities particularly on cellular handsets.
The MoU covers the next areas and will likely be topic to additional due diligence and particular time necessities:
* To execute a white-label settlement permitting Gen2 Applied sciences to make the most of Snipitz’s UI as a front-end to the Iris Media Community.
* To execute a possible licensing settlement for Snipitz to make use of Gen2’s IP, particularly, radial and digital camera know-how.
* To have a look at future alternatives which can embrace funding and a proper of first provide for buy.
Mr. Denny Darmo, CEO of Snipitz said: “I’m trying ahead to working with Gen2 – an organization whose foremost focus and know-how enhances ours. I, together with the Snipitz staff, will proceed to give attention to our options that present a really distinctive and interactive consumer expertise. Finally, we’re aiming to be certainly one of social media’s main platforms, that are additionally according to the targets of Gen2 Applied sciences.”
Mr. Michael Kovacocy, CEO of Gen2 Applied sciences added: “We now have been impressed with the UI and much more importantly the give attention to consumer expertise delivered by the Snipitz staff. We eagerly look to layer a sturdy UI onto our Iris Media Community – saving money and time in our go-to-market technique with out sacrificing high quality. This MoU additionally represents a step ahead in our efforts to commercialize our IP – particularly in non-camera know-how the place we imagine we will license to companions and provide enhancements in lag and different key efficiency metrics.”
For additional queries, please be at liberty to e mail the Firm at: [email protected]
Gen2 Applied sciences Inc. (OTC PINK: MNIZ), The foregoing comprises “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are meant to be coated by the secure harbor provisions of the federal securities legal guidelines. Ahead-looking statements typically include phrases corresponding to “will,” “anticipate,” “imagine,” “plan,” “estimate,” “anticipate,” “intend,” “is focusing on,” “could,” “ought to,” ”poised,” and different comparable phrases or expressions. Ahead-looking statements are made primarily based upon administration’s present expectations and beliefs and usually are not ensures of future efficiency. Our precise enterprise, monetary situation or outcomes of operations could differ materially from these advised by forward-looking statements because of dangers and uncertainties which embrace, amongst others, these described in any of our different filings with the SEC. As well as, such statements may very well be affected by dangers and uncertainties associated to: (i) commercialization of our newly-acquired helmet digital camera, (ii) persevering with improvement and safety of our mental property, (iii) surprising business competitors, (iv) the necessity to increase capital to fulfill enterprise necessities, and (v) our means to promote our merchandise with the intention to generate revenues. Ahead-Wanting Statements are pertinent solely as of the date on which they’re made, and the corporate undertakes no obligation to replace or revise any Ahead-Wanting Statements, whether or not because of new info, future developments or in any other case. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this information launch, will likely be deemed to supersede such statements on this information launch. Data on Gen2 Applied sciences Inc.’s web site, http://www.brkgen2.com doesn’t represent part of this launch.
SOURCE Gen2 Applied sciences Inc.