Genesis Electronics Group Inc (OTCMKTS:GEGI) Stock Doubles in a Week: But Why
Genesis Electronics Group Inc (OTCMKTS:GEGI) is best known for having manufactured the patent pending autonomous auto to rail shipping technology named Glid. The company was in the news yesterday after it announced that it was going to develop leading edge rail inspection and safety testing technology in its Glider units.
Trading Data
On Tuesday, GEGI stock jumped 6.67% to $0.0016 with 45.91 million shares, compared to volume of 15.20 million shares. The stock moved within a range of $0.0015 – 0.0020 after opening trade at $0.0016.
Genesis Electronics Group Announces New Rail Testing and Safety Inspection Capabilities on Its Glīders
That would allow the transformation of safety critical data back to the operators of Glid and the railroad sponsors. The company noted that it was committed to safety and spoke about one of the key features that it was going to offer in its Glider units. Each of the pair of unit would be equipped with rail inspection capabilities that would help in detection of rail defects.
The rail inspection capabilities would work through the inspection of track condition rail profile and other hazards through the deployment of unique methods and technologies. The system was developed by Genesis Electronics Group through the deployment of high quality point tilt zoom camera systems and 3DLOC software which would help the Glider units to geotag data during the course of the inspection. The date would then be downloaded directly to the Glid database as part of the company’s product offering.
