MIAMI, Aug. 31, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) today announced its impressions with the research and development presented at the Renaissance Free Energy Convention hosted recently at the Coeur d'Alene Resort. Attending the conference on behalf of Legends was one of their top electrical engineers and an energy consultant.
"The feedback we received from our expert technician's was exciting," said Rudy Sablon, President and CEO of Legends. For example new types of battery technology presented by Energenx, Inc. (EENX) and John Bedini could change the whole energy storage market. "This is the type of investment we here at Legends foresaw as being fruitful in the future, and so far our predictions seem to have been correct."
Some of the key points Legends expert technician's found interesting, was when one of Energenx executives divulged future plans to enter the Chinese bicycle and other battery powered devices market. "China has a vast battery powered transportation market and Energenx has been contracted to break into this market and produce their battery technology to meet China's ever growing transportation needs," said Energenx. According to The Freedonia Group, Inc, "Demand for batteries in China is expected to grow 8.5 percent annually through 2013. Growth will be driven by increasing the output of battery-powered products and an ongoing shift toward value-added batteries for export." Energenx further revealed that they have a royalty-based agreement in place for China and this could exponentially increase the value of Legends investment in Energenx.
Other breakthroughs disclosed by Bedini involved a type of crystal battery that is expected to last for an extremely long period of time. This battery technology only needs small amounts of water for maintenance making it an almost perfect self-sustainable power source. The use of magnesium as a fuel source is not a new technology, but Bedini was able to concentrate it down to one extra efficient energy gathering and storage device. Also announced by Bedini is a new type of efficient battery charging circuit capable of restoring and charging all flooded lead-acid, Sealed Gel-Cells, Ni-MH and NI-CD batteries, the charging times will vary according to the battery's condition. Unlike conventional battery chargers, no excess heat build-up occurs. This circuit can revolutionize the way we charge, recycle and use batteries forever.
For more information on this new technology, visit http://www.r-charge.com and go "Green" for the environment and our children.
About Legends Business Group
Legends Business Group, Inc., was incorporated in March 2006, and is a publicly traded company. The company has recently refocused its purpose and has moved itself into the alternative and exotic energy marketplace. For more information please visit: www.legendspower.com/" target="_top" rel="nofollow">http://www.legendspower.com
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