SACRAMENTO, Dec. 30, 2020 /PRNewswire/ — International Digital Options, Inc. (OTC: GDSI), a Firm that’s positioning itself as a frontrunner in Automotive and Aviation Know-how Options, gives a company replace from CEO William Delgado.
We’re very happy to announce that our ongoing authorized grievance towards Rontan Metalurgica and the Bolzan brothers is reaching an in depth. Our authorized crew has filed the ultimate discovering of truth and we count on the court docket’s ruling someday in late January of 2021. International Digital Options has requested for Particular Efficiency (the Firm and Plant in Brazil) and incidental damages of roughly $192,000,000, not together with authorized charges incurred by our crew at Boies Schiller Flexner. We firmly imagine that our authorized crew of Boies Schiller Flexner, in addition to William Isaacson of Paul Weiss, are arguably probably the most revered attorneys concerning cross-border issues and can finally carry this judgment to a profitable closure. We absolutely respect and perceive the time it takes for the US District Court docket for the Southern District of Florida to formally rule on this advanced matter.
Upon completion of the aforementioned authorized continuing, the Firm intends to leverage our expertise gained from engineering and meeting of cell command facilities by its NACSV subsidiary into the vastly increasing Electrical Automobile (EV) and Automotive Synthetic Intelligence (AAI) sector. Though we don’t intend to change into a full-service producer, we imagine that we’ve the flexibility to offer help to the trade by components, service, logistics and software program growth. We additionally count on to depend on our AI companion, Consolidated Ocean Know-how, Inc. (COTS) for work on this space.
The Firm has continued its growth of the PALS system in 2020. We’ve carried out preliminary flight testing and count on to announce extra testing after the primary of the yr. We even have been working with the Federal Aviation Administration (FAA) and chosen OEMS to include the system into their respective flight protocols. Whereas growth has been considerably slowed as a result of Covid-19 state of affairs, we count on exercise to choose up in 2021. The Firm can also be taking a look at different purposes for the PALS expertise, particularly associated to noise abatement to handle aviation challenges which were fueled by the astronomical development of aviation. This effort has led to VSAT (Vertical Stacking Air Site visitors) Administration System. GDSI’s curiosity in VSAT has resulted in a VSAT provisional patent software. We proceed to search for extra aviation expertise acquisition candidates that we might get hold of sooner or later to reinforce our choices.
Lastly, I wish to thank all of our shareholders and staff for his or her invaluable help over this previous yr. We eagerly await 2021 and the probabilities that it holds for our Firm.
About International Digital Options, Inc.
International Digital Options, Inc. (OTC:GDSI), an organization that’s positioning itself as a frontrunner in Automotive and Aviation Know-how Options, continues to reinforce shareholder worth in these areas. Along with our acquisition technique, the Firm has initiated a lawsuit for damages towards Grupo Rontan Metalurgica, S. A, (“Rontan”) and that firm’s controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. The Firm has engaged the legislation agency of Boies Schiller Flexner LLP to signify it on this motion. The case will probably be dealt with by William Isaacson of the agency’s Washington workplace and Carlos Sires of the agency’s Fort Lauderdale workplace (Their skilled profiles can be found at https://www.bsfllp.com/attorneys). The motion has been filed in the US District Court docket for the Southern District of Florida. The grievance alleges that “Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is without doubt one of the world’s largest producers of authentic gear for specialty automobiles for emergency administration, first responders, nationwide safety, and legislation enforcement operations. The corporate additionally acquired NACSV, a provider of Cellular Command Facilities to Army, Regulation Enforcement, and First Responders. In August of 2019, the Firm acquired HarmAlarm. HA was shaped in 2002 as a non-public Texas firm to pursue Infrared business purposes within the aviation companies space. HA has developed a system often known as Precision Strategy Touchdown System (PALS). PALS gives a excessive efficiency cutting-edge enhanced State of affairs Consciousness functionality for the pilot. The precision and robustness of PALS has generated a bunch of latest purposes primarily by “touchdown trajectory” optimization which gives extra security margin towards climate associated hazardous circumstances, resembling wind shear, wake turbulence, icing, in addition to low ceilings and fog. For extra details about GDSI, go to http://www.gdsi.co
Ahead Wanting Statements
This press launch comprises “forward-looking statements.” The statements contained on this press launch that aren’t purely historic are forward-looking statements. Ahead-looking statements give the Firm’s present expectations or forecasts of future occasions. Such statements are topic to dangers and uncertainties which might be typically troublesome to foretell and past the Firm’s management, and will trigger the Firm’s outcomes to vary materially from these described. In some instances forward-looking statements could be recognized by terminology resembling “might,” “ought to,” “potential,” “proceed,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and related expressions. These statements embody statements concerning transferring ahead with executing the Firm’s world development technique. The statements are based mostly upon present beliefs, expectations and assumptions and are topic to quite a lot of dangers and uncertainties, lots of that are troublesome to foretell. The Firm is offering this data as of the date of this press launch and doesn’t undertake any obligation to replace any ahead trying statements contained on this press launch because of new data, future occasions or in any other case, besides as required by legislation. We’ve based mostly these forward-looking statements largely on our present expectations and projections about future occasions and monetary developments affecting the monetary situation of our enterprise. Ahead-looking statements shouldn’t be learn as a assure of future efficiency or outcomes, and won’t essentially be correct indications of the occasions at, or by, which such efficiency or outcomes will probably be achieved. Necessary components that might trigger such variations embody, however usually are not restricted to the Threat Components and different data set forth within the Firm’s Annual Report on Kind 10-Q filed on November 21, 2019, and in our different filings with the U.S. Securities and Trade Fee.
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