Modena I, Inc. was a development
stage company which was incorporated under the laws of the State of Delaware on November 18, 2003. From inception to
September 2007, the Company was focused on providing a vehicle for a foreign or domestic non-public company to become an SEC reporting
(publicly-traded) company. To this end, we intended to locate and negotiate with a business entity for the combination of that
target company with the Company. Since September 2007, the Company has shifted its focus to becoming a wind and hydro
electric energy generation company.
On April 12, 2010 the Board of Directors of
Modena I, Inc. (the Company) filed a Certificate of Amendment to the Articles of Incorporation with the Secretary
of State of Delware changing the Companys name to Alveron Energy Corp.
On April 20, 2012, the Company underwent a
change of control where the former President and Director of the Company sold 39,900,000 common shares to a company controlled
by the current President and Director of the Company.
On May 14, 2012, we acquired 100% of SafeBrain
System (SafeBrain) from Rod Newlove for $900,000. Safebrain is a corporation duly organized, validly existing,
and in good standing under the laws of Saskatchewan, Canada. Following payment, Newlove will transfer all rights to
SafeBrain System to the Company. The SafeBrain Systems works in two ways; the Cranium Impact Analyzer Sensor (C.I.A)
is mounted on the helmet of athlete; The SafeBrain software allows in-depth analysis of any impact event and can be customized
for the notification and data logging settings for each athlete. The Company plans to market the SafeBrain System to non-professional
athletes who participate in sports that require helmets such as hockey, football, biking, motor-cross, skiing and snowboarding. As
of July 31, 2012 the Company has paid $602,041, the remaining $297,959 is recorded as technology acquisition payable. The assets
acquired composed of $125,000 of equipment, and $775,000 of Intangible assets.