Laredo Resources Corp, SPC Corporation Establishment With Patent Developer; Tae-Soon Yeo

Rhea-AI Summary

Laredo Resources Corp (OTC PINK:LRDR) has announced a strategic partnership with patent developer Tae-soon Yeo, co-establishing an SPC Corporation with equal ownership. The CEO, Park Doo-ho, transferred 70 million shares to secure 50% of Yeo's intellectual property rights, focused on a new bike with energy recovery technology. This initiative aims to leverage innovative energy storage solutions, potentially aiding in electricity access and fossil fuel reduction. Additionally, the company commits to donating 10% of profits to charitable causes.

Positive

• Strategic partnership with patent developer Tae-soon Yeo enhances innovation and market position.
• Transfer of 70 million shares secures significant intellectual property rights.
• Development of energy recovery technology may address global energy challenges.

Negative

• None.

Transfer of 70 million shares of NASDAQ OTC registered stock... Securing 50% of Tae-soon Yeos' property rights In addition to the energy storage system, a prototype of the Landing Hill bike for bikes has been released

LAS VEGAS, NV / ACCESSWIRE / March 3, 2021 / Laredo Resources Corp's (OTC PINK:LRDR) CEO Park Doo-ho announced that he will establish and operate a SPC Corporation with a 50-50 stake with developer Tae-soon Yeo who has registered a patent for a bike equipped with an energy recovery device.

Laredo Resources Corp, patent developer Tae-soon Yeo and SPC Corporation establishment… From left, developer Tae-soon Yeo, Pastor Yoo-Heon Jeon, chairman of the Grain Foundation of Love, and LRDR's CEO Doo-ho Park. (Photo = Laredo Resources Corp)

CEO Park Doo-ho transferred 70 million shares (70,000,000 shares) of NASDAQ OTC registered shares in order to secure 50% of intellectual property rights for patent developer Tae-soon Yeo, and signed an agreement to proceed with the business through joint patents.

The SPC Corporation plans to launch a prototype based on the patented technology and conduct a business using an energy recovery storage device utilizing electric power.

High-tech invention patented motorcycle. (Photo = Laredo Resources Corp)

In addition to the energy storage system, developer Tae-soon Yeo has intellectual property such as Korea-approved new technology, landing wheel testing device, and test method of landing hill bikes.

CEO Park Doo-ho predicted that "the electric energy recovery and storage system is a device that can be widely applied to countries and individuals that lack electricity, and is an innovative system that can contribute to the policy to suppress fossil fuels, the main culprit of global warming."

On the other hand, CEO Park Doo-ho and patent developer Tae-soon Yeo are planning to fulfill their social role as a company by pledge to donate 10% of profits and 20% of total profits to the Grain Foundation of Love (Chairman, Pastor Yoo-Heon Jeon).

(Report)

Landing Wheel For Bike

IPC: B62H 1/12 B62H 1/14 ....

Applicant: Tae-soon Yeo

Application No.: 1020190066023

Application Date: 2019.06.04

Registration number: 1021828360000

Registration Date: 2020.11.19

Publication number:

Publication date:

Representative: Nak-Hoon Seong

Inventor: Tae-soon Yeo

BIKE WITH ENERGY RECOVERY DEVICE

IPC: B62J 99/00 F04B 35/01 ....

Applicant: Tae-soon Yeo

Application number: 1020150102589

Application date: 2015.07.20

Registration number: 1017308790000

Registration Date: 2017.04.21

Publication number: 1020160136199

Disclosure Date: 2016.11.29

Agent:

Inventor: Tae-soon Yeo

Bike's landing wheel tester and its test method

IPC: G01M 17/007 G01M 17/013

Applicant: Tae-soon Yeo

Application No.: 1020190066024

Application Date: 2019.06.04

Registration number: 1022163680000

Registration date: 2021.02.09

Publication number: 1020200139471

Release Date: 2020.12.14

Agent:

Inventor: Tae-soon Yeo

(Motorcycle) design

Korean classification: G230

International classification: 12-11

Application number: 3020150037766(M001)

Application date: 2015.07.27

Registration number: 3008474280000

Registration Date: 2016.03.24

Publication number:

Publication date:

Applicant: Tae-soon Yeo

Creator: Tae-soon Yeo

http://www.gukjenews.com/news/articleView.html?idxno=2172884

Cautionary Note: The news release contains forward-looking statements within the meaning of federal securities laws. The statements are based on current beliefs and looking-forward expectations that are subject to change. In addition, such anticipated statements are subject to suppositions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those expectations expressed in statements. Potential risks and uncertainties include, but not limited to, market conditions, government approvals, changes to proposed laws, and economic conditions within the industry. We do not take any obligation to update statements to reflect events after the statement was made.

SOURCE: Laredo Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/633410/Laredo-Resources-Corp-SPC-Corporation-Establishment-With-Patent-Developer-Tae-Soon-Yeo

FAQ

What is the significance of the partnership between Laredo Resources Corp and Tae-soon Yeo?

The partnership allows Laredo Resources to access patented technologies for energy recovery systems, enhancing their innovative capabilities.

How many shares did Laredo Resources transfer to secure intellectual property rights?

Laredo Resources transferred 70 million shares to secure 50% of intellectual property rights related to Tae-soon Yeo's innovations.

What type of technology is Laredo Resources Corp planning to develop?

Laredo Resources is focused on developing an energy recovery system integrated into a bike, leveraging patented technology from Tae-soon Yeo.

What percentage of profits is Laredo Resources committing to donate?

Laredo Resources Corp plans to donate 10% of profits and 20% of total profits to the Grain Foundation of Love.

What is Laredo Resources Corp's stock symbol?

The stock symbol for Laredo Resources Corp is LRDR.