DALLAS--(BUSINESS WIRE)--Liberated Solutions, Inc. (OTC PINK: LIBE), doing business as Ngen Technologies USA Corp (“Ngen Technologies”), is in the business of research, design and manufacturing of proprietary 3D mobile display modules for smartphones 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.
Ngen Technologies is pleased to announce that it has received delivery confirmation on the first 225,000 units of its 3D film and module chipsets for 3D viewing without glasses for TVs. As a result, Ngen Technologies has recorded revenues for this delivery of over $10,000,000 in the third quarter of 2019, and anticipates ongoing shipments of its 3D technology to its distribution networks.
Ed Carter, Liberated Solutions’ CEO, stated, “We are very proud of our entire team that has worked diligently over the past several years to make this shipment happen. Many have attempted the challenge of 3D viewing without glasses and we are excited to be the company to deliver the technology to the marketplace for the Christmas shopping season.”
For more information please visit www.ngen-tech.com.
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This press release contains “forward-looking statements”. All statements, other than statements of historical fact, including those with respect to Ngen Technologies’ mission statement and growth strategy, are forward-looking statements. Although Ngen Technologies’ 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 Ngen Technologies’ 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 Ngen Technologies 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 Ngen Technologies’ filings with the Securities and Exchange Commission. Ngen Technologies 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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