New Energy Systems Group Awarded $2.2 Million Purchase Order for Lithium Ion Batteries from Shenzhen Gaoke Group
December 02 2009 - 8:30AM
PR Newswire (US)
NEW YORK and SHENZHEN, China, Dec. 2 /PRNewswire-Asia-FirstCall/ --
New Energy Systems Group (OTC:NEWN) (BULLETIN BOARD: NEWN) , a
manufacturer and distributor of battery components in China, today
announced that it has received a purchase order for lithium ion
batteries valued at $2.2 million from Shenzhen Gaoke Group, a
recognized name in telecommunications, audio/video and
entertainment products. The purchase order will be fulfilled over
the course of the year ending December 2010. Mr. Fushun Li, Chief
Executive Officer, commented, "Gaoke Group is an award winning
company in China and we are very pleased with their decision to
purchase lithium ion batteries directly from New Energy. The
batteries will be used in Gaoke's telephone sets, which have a
leading market position in China, as well as the company's other
products, such as DVDs, MP3s, MP4s and multimedia sound boxes.
Gaoke sells its products in more than 50 countries, including
Germany, the UK, France, Italy, Russia, Brazil and Singapore. This
is the first purchase order we have received from the Gaoke Group
after careful evaluation, and we look forward to a long and
mutually beneficial relationship with them." Mr. Li continued, "At
the beginning of this year, one of management's goals was to add
additional customers for our finished lithium ion battery
businesses, which tends to have higher profit margins than our
other business segment. The Gaoke contract not only further
diversifies our customer base in the distribution segment, but also
further validates our ability to attract large, established
customers. Our growth strategy includes both deepening our
penetration of existing clients, as well as adding similar large
clients in the near future." About Shenzhen Gaoke Group Shenzhen
Gaoke Group, established in 1993, develops and markets
telecommunication, audio/video and entertainment products. The
company sells products under its own brand name and is also a
supplier to OEMs. Its products are sold to more than 50 countries,
including Germany, the UK, France, Italy, Russia, Brazil,
Singapore, Korea, Hong Kong and Taiwan. The company has many
high-tech, design and practical patents and its products have
various certifications, such as ISO9001 Quality Management System,
ISO14001 Environment Management System, OHSAS18001 Occupation
Health and Safety Management System, CE, FCC, UL and 3C. Gaoke
Group won the "China Top Brand" award from the China State Bureau
of Quality and Technical Supervision in 2005 and "China's Exporting
Corporation with Accomplishments" award by Global Sources. The
company employs 2,000 people and has more than 30 branches and
offices in the country with sales networks and an e-commerce
platform. Additional information can be found at
http://www.szgaoke.com/ . About New Energy Systems Group New Energy
Systems Group is a leading manufacturer and distributor of lithium
ion batteries. The company assembles and distributes finished
batteries through its sales network and channel partners. The
company also sells high-quality lithium-ion battery shell and cap
products to major lithium-ion battery cell manufacturers in China.
The company's products are used to power mobile phones, MP3
players, laptops, digital cameras, PDAs, camera recorders and other
consumer electronic digital devices. Additional information about
the company is available at http://www.newenergysystemsgroup.com/ .
Forward Looking Statements Except for the historical information,
the matters discussed in this news release may contain
forward-looking statements, including, but not limited to, factors
relating to future sales. These forward-looking statements may
involve a number of risks and uncertainties. Actual results may
differ materially based on a number of factors, including, but not
limited to, uncertainties in product demand, risks related to doing
business in China, the impact of competitive products and pricing,
changing economic conditions around the world, release and sales of
new products and other risk factors detailed in the Company's most
recent annual report and other filings with the Securities and
Exchange Commission. For more information, please contact:
Crescendo Communications, LLC David Waldman or Klea Theoharis
Phone: +1-212-671-1020 Email: DATASOURCE: New Energy Systems Group
CONTACT: David Waldman or Klea Theoharis both of Crescendo
Communications, LLC, +1-212-671-1020, Web site:
http://www.szgaoke.com/ http://www.newenergysystemsgroup.com/
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