New Energy Systems Group Renew US Partner Contract
SHENZHEN, CHINA -- (Marketwire) -- 01/31/13 -- New Energy Systems
Group (NYSE MKT: NEWN) ("New Energy" or the "Company"), an original
design manufacturer and distributor of Anytone(R) and MeePower(R)
branded consumer backup power systems for mobile devices and solar
related application products to service municipal power applications,
today announced that Shenzhen Anytone Technology Co., Ltd.
("Anytone"), a subsidiary of the Company, renewed its agreement with
New Trent Inc. ("New Trent") to manufacture New Trent's products to
be sold in the US and UK in 2013 ("Agreement").
New Trent, based in Freemont, California, is a retailer and
distributor of mobile power devices for use with leading consumer
electronic, smart phones, digital cameras and mobile computing
devices manufactured by companies such as Apple, RIM, IBM and Dell.
New Trent sells products to online and retail locations under its
New Trent renewed the Agreement with Anytone to produce three "New
Trent" branded recharging devices for sale in the US and UK markets.
Anytone original Model 8800 (NT99D) is flexible, back up mobile power
devices that can be used to recharge and power phones and tablets
manufactured by a variety of manufacturers. Model CC01 (NT80C) is a
fresh design USB car charger. As part of the Agreement, New Trent
undertakes to sell at least $1.0 million products in from February
2013 to February 2014 manufactured by Anytone. New Energy's "Anytone"
and "MeePower" brands are not included in this Agreement.
Mr. Weihe "Jack" Yu, Chairman and CEO of New Energy Systems Group
said, "Through last year's successful cooperation experience, we are
pleased to renew our agreement to sell Anytone made products in the
US. With a strong portfolio of products for consumer electronic
devices and accessories, we are focused on expanding our sales
outside of China, where we hope to realize higher average selling
prices and margins."
About New Energy Systems Group
New Energy Systems Group is an original design manufacturer and
distributor of lithium ion batteries and backup power systems for
leading manufacturers of mobile phones, laptops, digital cameras,
MP3s and a variety of other portable electronics. The Company's
end-user consumer p
roducts are sold under the Anytone(R) and
MeePower(R) brand in China and globally. The fast pace of new mobile
device introductions in China combined with a growing middle class
make it fertile ground for New Energy's end-user consumer products.
Additional information about the company is available at:
Forward Looking Statements
This release contains certain "forward-looking statements" relating
to the business of the Company and its subsidiary and affiliated
companies. These forward looking statements are often identified by
the use of forward-looking terminology such as "believes," "expects"
or similar expressions. Such forward looking statements involve known
and unknown risks and uncertainties that may cause actual results to
be materially different from those described herein as anticipated,
believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of
the date of this press release. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(www.sec.gov). All forward-looking statements attributable to the
Company or to persons acting on its behalf are expressly qualified in
their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
For more information, please contact:
New Energy Systems Group
Ken Lin, VP of Investor Relations
Press spacebar to pause and continue. Press esc to stop.