Liberated Solutions, Inc. (“LIBE” or the “Company”) (OTC PINK: LIBE) today announced that Ngen Technologies USA Corp has entered into a Memorandum of Understanding with LGE Research group to develop commercial applications using Time-Of-Flight (TOE) 3D sensor modules to include motion recognition and spatial commands for electronic devices such as smart TVs. Ngen Technologies is in the business of research, design and manufacturing of proprietary 3D mobile display module for the smartphone and other telecom OEMs. The 3D module once installed during the MCD or OLED manufacturing stage, allows the display of 3D content without the use of 3D glasses. LGE Research is part of a global electronics company with over $56 Billion is sales and 85,000 employees worldwide.
Dr. Jason Koo, head of research at Ngen stated, “We are very excited to develop the next generation applications using our 3D display platform. With the TOE sensor applications, we will have the ability to map 3D coordinates using laser with wide range of potential use including portable 3D scanners, smart home devices and self-autonomous automobiles.”
Ed Carter, CEO of Liberated Solution Inc states, “With the recent share exchange completed and planned up listing to a senior exchange, we continue to look for innovations and advances in our technology which will assure future revenue stream and profitability.”
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This press release contains “forward-looking statements”. All statements, other than statements of historical fact, including those with respect to the Company’s mission statement and growth strategy, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update any of the information contained or referenced in this press release. The market price of our common stock has been, and is likely to continue to be, volatile for the foreseeable future. The market price of our common stock may fluctuate significantly in response to numerous factors, many of which are beyond our control.
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