Lithium Exploration Group Submits
Offer to Acquire Two Lithium Battery Design Patents
Phoenix, AZ September 19, 2017 -- Lithium Exploration Group Inc.
(USOTC: LEXG) announced today that it has
submitted an offer to purchase two lithium patents owned by a South
Korean entity. The patents cover 13 developed countries and center
around replacement rechargeable battery packs for external flashes
used in many models of cameras and a AA applications in all devices
that use AA batteries. The prototype process for the external flash
battery patent has been completed and is ready to go to market. The
company intends to hire the inventor of these patents to assist in
the go to market strategy and develop other patents.
The patent broker has submitted the offer to the owners and
based on our discussions we are hopeful that it is accepted. The
inventor has a number of other ideas that will not require
significant capital to patent and has contacts to the battery
manufacturing community in China that will be able to assist in
future prototype work and commercialization, commented CEO Alex
Walsh. We have been exploring opportunities on the lithium battery
side of the industry for a better part of the last 12 months and I
believe that have identified a great partner and patents that come
along with him.
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and
development company focused on the acquisition and development
potential of lithium brines and other precious metals that
demonstrate high probability for near-term production. Currently
the company is focused testing the Sonic Cavitation Ltd. technology
and the acquisition of oil and gas related assets in the US and
Canada. Lithium Exploration Group is traded on the OTC Markets
under the symbol LEXG.
Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
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
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. 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.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com