LAS VEGAS, NV, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Mundus Group, Inc. (OTC PINK: MNDP) is an advanced aerospace technology. Mundus Group, Inc. is developing aerospace technology for civilians and military. The technology is going to provide economic protection and growth opportunities for investors.
Mundus Group, Inc. received a $1.5 Million Contract from the U.S Army for the Telescoping Wing Locking System (Patent No: US 7,832,690 B1). The system enables reliable wing extension and retraction of a telescoping wing in flight. This novel solution to wing articulation addresses a significant challenge facing designers in their effort to offer additional safety features. The difficulty encountered with earlier designs was the inability to reliably retract the deployed wing under operating loads without reducing clearance tolerances of the mechanism.
Under terms of the contract valued in $1.5 Million, the Company is set to provide the U.S Army with its patent and its technology.
About Mundus Group, Inc:
The Mundus Group, Inc. (OTC PINK: MNDP) is an advanced aerospace technology. Mundus Group, Inc. is developing aerospace technology for civilians and military. The technology is going to provide economic protection and growth opportunities for investors.
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “believe,” “expects,” “may,” “looks to,” “will,” “should,” “plan,” “intend,” “on condition,” “target,” “see,” “potential,” “estimates,” “preliminary,” or “anticipates” or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, those relating to: the ability to support future military needs for advanced voice and data communications applications, the continuation of growing demand for drones for military and state and local law enforcement authorities. The Company’s financial results and the forward-looking statements could be affected by many factors, including, but not limited to, demand for the Company’s products and services, economic conditions in the U.S. and worldwide, changes in appropriations by Congress and reduced funding for defense procurement and research and development programs, and our ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company’s results and forward-looking statements are disclosed in the Company’s filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: Mundus Group, Inc.
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