Wall Street Signals: $GEIN Genesys Industries Places Order to Purchase Another CNC Machine Tool for Rapid Manufacturing Cell

$GEIN Genesys Industries Places Order to Purchase Another CNC Machine Tool for Rapid Manufacturing Cell




Genesys Industries, Inc (OTC: GEIN) (OTCMKTS: GEIN) $GEIN - today announced that the company has placed a new purchase order for a new CNC Machine tool to support it's On Demand Manufacturing platform. Delivery and onboarding of the machinery will be completed this month.
Company Spokesperson, commented: "This is an additional purchase of advanced manufacturing equipment which will allow the company to support its rapid manufacturing fast cell capabilities. We are seeing product lifecycles are getting shorter and shorter. In part, this is due to IoT because everything contains technology and technology are changing so quickly. This evolution is translating into an on-demand need for custom precision products and we are prepared to service this challenge."
The financing of this purchase will be provided in part by TCP term loan and partially by a new commercial bank loan. TCP is an entity controlled by the Company's sole officer and largest stockholder.
About Genesys Industries

Genesys Industries is a broadened multi-industry propelled maker of complex parts and items. The organization is a vertically coordinated exactness items maker with a center accentuation on item configuration, designing, and accuracy assembling of complex parts and items. A portion of the businesses served to incorporate Aviation, Automotive, Building Materials, Food Processing, Industrial, Maritime, Medical, Railroad, Oil and Gas, Packaging, Telecom, Textiles, Pulp Paper, Transportation and some more. Tail us on @genesysind or $GEIN 

For more data on Genesys Industries, please visit www.genesysindustries.com
Contact Information.
Investor Relations
Genesys Industries, Inc
Phone: 941-722-3600
ir@genesysindustries.com