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INNX Infinite Networks Corporation (CE)

0.0002
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Infinite Networks Corporation (CE) USOTC:INNX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0002 0.00 00:00:00

Infinite Networks Corporation Announces the Activation of Patent Rights Option

05/04/2006 1:54pm

Business Wire


Infinite Networks (CE) (USOTC:INNX)
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Infinite Networks Corporation (Pink Sheets: INNX) announced today that the Board of Directors approved the activation of their previously negotiated Patent Option with CET International. Infinite Networks Corporation exercised its Patent Option to own 40% of CET International, Inc., which includes all patents, rights and title to CET's Combustible Engine Technology. This is part of the exclusive worldwide license agreement Infinite acquired with the acquisition of CET, LLC in January 2006. INNX activated the option for the initial consideration payment of $450,000.00. In an interview with the President of Infinite, Mr. Bush, stated, "This is a critical milestone for Infinite Networks Corporation to be able to lock in long term rights and significant percentage ownership of the CET Technology. Pursuant to the original licensing agreement Infinite could acquire up to 40% of the rights, and title to the CET Patent. This move was important to ensure that the Company continues to invest in infrastructure and future Company operations. The Board of Directors approved the activation of the option to provide shareholder protection and stability as the Company moves forward. Now, with this additional piece in place, Infinite becomes a key player in the engine development market." Infinite Networks Corporation markets High Efficient Advance Technology "H.E.A.T." through CET, LLC for the global Automotive and Marine/Boating industries. This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Some of the statements contained in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Some of the forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "may," "intend," "expect," "will," "should," "seeks" or other similar expressions. Forward-looking statements are based largely on management's expectations and involve inherent risks and uncertainties. These risks include, but are not limited to, the demand for implementation of Infinite Networks Corporation services and the ability of the company to successfully implement its strategies, each of which may be impacted, among other things, by economic and/or competitive conditions. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Many of these factors are beyond our control. The Company cautions that the foregoing factors are not exclusive.

1 Year Infinite Networks (CE) Chart

1 Year Infinite Networks (CE) Chart

1 Month Infinite Networks (CE) Chart

1 Month Infinite Networks (CE) Chart