Company: GNOLF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001654954-25-004861
Chunk: 12

Company: GENOIL INC
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 12
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 Canadian patents (No. 2,243,142 and 2,306,069).  Genoil either owns or licenses the rights to all intellectual properties used in its products. 
 
Genoil has copyright, patent rights and trademarks, which are necessary and contribute significantly to the preservation of its competitive position in the markets which it addresses.  It is possible that the Corporation's patents and other intellectual property will be challenged, invalidated or circumvented by third parties in the future.  In the future, it may not be able to obtain necessary licenses on commercially reasonable terms.  Genoil enters into nondisclosure agreements with its suppliers, contractors and employees, as appropriate, so as to limit access to and disclosure of its proprietary information.  These measures may not suffice to deter misappropriation or independent third party development of similar technologies, which may adversely affect the Corporation. 
 
Sales, Marketing and Distribution
 
Genoil intends to market its products and license its GHU technology throughout the world's oil refining and production industry
 
Competition
 
Genoil is aware that several other companies may be presently pursuing the development of technologies in the oil and gas industry.  It acknowledges that it is possible that some of these technologies may be similar in nature to its products and technologies.  Such companies, should they be involved in selling or developing the same technology as Genoil, may be potential competitors to the Corporation.  The Company believes that its patented fixed bed catalyst hydroprocessing technology in the GHU is competitively advantaged in the market by virtue of the expected comparatively low capital and operating costs and high product yields for operators relative to other coking or hydroprocessing products. 
Government Regulations
 
There are several government regulations with which Genoil must comply.  Failure to comply with these regulations could adversely affect its business.  Certain government regulations require the imposition of standards that are normally a part of industry knowledge, and as such, would be understood and acted upon by the Corporation in the normal course of doing business. 
 
Genoil, as a producer of technology and intellectual property, is not generally subject to environmental regulations.  Genoil specializes in mechanical processes and as such its regular operations do not fall within the scope of environmental protection legislation.
 
The Corporation was subject to securities regulation in the Canadian jurisdictions in which it was a reporting issuer.  As an issuer with securities traded on the TSX Venture Exchange, the Company was subject to its rules.  The Corporation's shares are now quoted on the Over the Counter (OTC) Markets Quotation System and as such