Gen2 Technologies (BRKK) Announces Sports and Personal Fitness Analytics Unit - InsituX AnalytiX

Rhea-AI Summary

Gen2 Technologies Inc. (OTC:BRKK) announced the formation of a subsidiary, InsituX AnalytiX, targeting the personal fitness and sports analytics markets. This initiative aims to leverage the growing demand for biometric and data analysis applications, with the global sports analytics market projected to reach $4.3 billion by 2025, growing at a 26.8% CAGR. The Company indicates strong market potential through its micro body-worn Iris cameras, proposing commercialization opportunities for professional sports teams. The new venture is expected to enhance shareholder value by tapping into these expanding markets.

Positive

• Formation of InsituX AnalytiX targeting high-growth markets.
• Global sports analytics market projected to reach $4.3 billion by 2025.
• Anticipated 26.8% CAGR in the sports analytics sector.
• Strong potential for commercialization of biometric technology.

Negative

• Risks associated with commercialization of new products.
• Need for capital raising to support business operations.
• Competition in the sports analytics market could impact performance.

HENDERSON, Nev., Feb. 23, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC:BRKK) is pleased to announce that it will form a subsidiary - InsituX AnalytiX - aimed at the personal fitness and sports analytics markets.

Management believes that this new business offers significant accretive potential for shareholders - especially in light of the growth of importance of biometric and data analysis applications in the personal fitness and sports management markets. We believe that the "real estate" offered by our cutting-edge micro body-worn Iris cameras will allow for logical extensions and commercialization potential for professional and competitive sports teams. According to one analysis*, the global sports analytics market is expected to reach $4.3 billion by 2025, rising at an approximate market growth of 26.8% CAGR.

Furthermore, IP can be leveraged into the large market for personal fitness devices and solutions and licensed as a biometric and performance analysis bolt-on and tool for existing propositions.

For further queries, please feel free to email the Company at: michael.kovacocy@gen2technologies.com

*https://www.kbvresearch.com/sports-analytics-market/

BRK Inc./Gen2 Technologies Inc. (OTC PINK: BRKK), The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkgen2.com does not constitute a part of this release.

Contact:
michael.kovacocy@gen2technologies.com  
brkgen2.com  
(440) 597-6150

View original content:http://www.prnewswire.com/news-releases/gen2-technologies-brkk-announces-sports-and-personal-fitness-analytics-unit---insitux-analytix-301233904.html

SOURCE Gen2 Technologies Inc.

FAQ

What is the purpose of InsituX AnalytiX founded by Gen2 Technologies (BRKK)?

InsituX AnalytiX aims to focus on the personal fitness and sports analytics markets, leveraging biometric data and technology.

What is the projected market size for sports analytics by 2025 according to Gen2 Technologies (BRKK)?

The sports analytics market is projected to reach $4.3 billion by 2025.

What is the expected growth rate of the sports analytics market?

The sports analytics market is expected to grow at a rate of 26.8% CAGR.

What are the potential risks associated with Gen2 Technologies' new subsidiary?

Potential risks include competition in the sports analytics market and the need for additional capital to support operations.