SHENZHEN, China, Feb. 22, 2012 /PRNewswire-Asia-FirstCall/ -- New
Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the
"Company"), a vertically-integrated original design manufacturer
and distributor of Anytone® and MeePower® branded consumer backup
power systems for mobile devices and Kim
Fai solar panels and solar related application products to
service municipal power applications, today announced that Shenzhen
Anytone Technology Co., Ltd. ("Anytone"), a subsidiary of the
Company, signed an agreement with New Trent Inc. ("New Trent") to
manufacture New Trent's products to be sold in the U.S. and UK in
2012.
New Trent, based in Freemont, California, is a retailer and distributor of
mobile power devices for use with leading consumer electronic,
smart phone, digital camera 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 brand
name.
New Trent signed an agreement with Anytone to produce two "New
Trent" branded recharging devices for sales in the US and UK
markets. Anytone models 8800BD and M700 are flexible, back up
mobile power devices that can be used to recharge and power phones
and tablets manufactured by a variety of manufacturers. Model M700
is an innovated design which allows the users to power their
devices without preparing any accessories. Both models can fully
recharge depleted power sources in devices faster than those
devices' original chargers. As part of the agreement, New Trent
undertakes to sell $1.0 million
products in its first year of the partner relationship with
Anytone. New Energy's "Anytone" or "MeePower" brands are not
included in this agreement.
Mr. Weihe "Jack" Yu, Chairman and CEO of New Energy Systems
Group said, "Through several steps of discussion and testing after
the Consumer Electronics Show 2012 in Las
Vegas, we are pleased to sign our agreement to sell Anytone
made products in the U.S. 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 a vertically integrated original
design manufacturer and distributor of lithium ion batteries and
backup power systems for mobile phones, laptops, digital cameras,
MP3s and a variety of other portable electronics. The company's
end-user consumer products are sold under the Anytone® brand in
China, and the company has begun
expanding its international sales efforts. 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,
as well as its high powered, light weight lithium ion batteries. In
addition to consumer products sold for back-up power needs, New
Energy Systems Group also manufactures and sells Kim Fai solar panels for a wide variety of
applications for the municipality markets in China and for export. Additional information
about the company is available at:
www.newenergysystemsgroup.com
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 forward-looking
statements.
For more information, please contact:
COMPANY
New Energy Systems Group
Ken Lin, VP of Investor
Relations
Tel: +1-917-573-0302
Email: ken@newenergysystemsgroup.com
www.newenergysystemsgroup.com
INVESTOR RELATIONS
MZ
John Mattio, SVP
Tel: US +1-212-301-7130
Email: john.mattio@hcinternational.net
www.mz-ir.com
SOURCE New Energy Systems Group