Lithium Exploration Group Validates Over $5 Million In Research
Behind Lithium Patent Portfolio Target Acquisition
Phoenix, AZ -- February 13, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC:
LEXG) today announced receiving a report authored by Eric R.
Dix of Innovation Associates. Mr. Dix is a leading advanced battery
technology industry expert engaged to evaluate a targeted portfolio
of U.S. Patented Lithium Technologies. The targeted lithium patents
are part of a suite of products being evaluated by LEXG in
conjunction with a recently announced, comprehensive lithium technology
strategy. The cost to develop the portfolio is estimated to be
between $5 and $7 million and the highlight of the portfolio is a
series of patents that are geared towards solving overcharging
issues like those encountered by the Galaxy Note 7.
The target portfolio is the foundation of the $1.2 million
contract we recently announced where LEXG is considering an
investment in our clients technology. We wanted to do an
independent analysis of their portfolio to ensure that it has legs
as we finalize the negotiation of our licensing deal with them,
commented CEO Alex Walsh. Our initial analysis shows that these
patents are certainly worth the effort. We are excited to continue
our testing this week in Houston which will include a in person
demonstration with the group that we are in discussions with about
a $1.2M contract.
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 its SonCav Technology and the
acquisition of oil and gas related assets in Western 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