GSLO: Holiday iPad Sales May Mean Booming Market for Peel 520
December 07 2010 - 9:15AM
Business Wire
With the Apple iPad forecast by many to be 2010’s hottest
holiday gift item, GoSolarUSA (PinkSheets:GSLO) anticipates a huge
market for its Peel 520 mobile accessory upon its release.
GoSolarUSA's Peel 520 Accessory for the
iPod Touch (Photo: Business Wire)
The Peel 520 is a protective sleeve that encases Apple’s
(NASDAQ: AAPL) iPod Touch media player and adds the ability to make
voice calls and send text messages, mimicking the functionality of
the more expensive iPhone. The Peel 520 interfaces electronically
with the Touch through its 30-pin dock connector, turning the
powerful media player into a cutting-edge smartphone. GoSolarUSA
and Yosion, the Peel 520’s Chinese developer, announced a
development agreement to configure new versions of the Peel 520 for
use with tablet computers such as the Apple iPad last month.
“Our decision to fund the development of a version of the Peel
520 compatible with the iPad was heavily influenced by sales
projections for this holiday season,” said GSLO President and CEO
Tyson Rohde. “Some analysts are predicting that six million iPads
will be sold in this quarter, and over seven million have already
been sold since the tablet’s release in April.”
“Clearly, there’s a very large market for iPad accessories
developing around the globe,” Rohde said.
Apple’s iPad has been tagged by many commentators around the
globe as a top gift idea for 2010. Oprah Winfrey declared the
tablet computer her “all-time favorite” thing on a recent telecast,
likely ensuring another spike in iPad sales.
GoSolarUSA is providing the funding and tablets that Yosion
needs to develop the iPad-compatible Peel 520. The two companies
have worked together closely since signing an option agreement in
September. GoSolarUSA signed a profit participation agreement with
Yosion in October that entitles GSLO to a portion of Yosion’s net
profits worldwide.
The company also plans to explore the development of the Peel
520 for use with competing tablet computers, such as the Samsung
Galaxy Tab and Dell (NASDAQ: DELL) Streak.
“We are taking the steps we believe are necessary to be the
first to offer millions of tablet users the opportunity to make
phone calls and text messages using their brand-new machines,”
Rohde said. “We really envision the Peel 520 as the first must-have
accessory for a new generation of computers.”
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing promising and potentially profitable technology. The
Peel 520 is a product of Yosion Technologies based in Shenzhen,
China. The iPod Touch and the iPad are products of Apple Inc.,
which competes in the global mobile electronics market against
Google and Research in Motion (NASDAQ: RIMM).
For more information, please visit www.GoSolarUSA.com.
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy
technologies in the United States. We believe this not only creates
high-quality jobs in America, but it ensures the quality and
availability of our products. GSLO is endeavoring to advance clean
American solar technology to compete in an energy industry that
includes stalwarts such as First Solar (NASDAQ: FSLR). GoSolarUSA
is a US registered and reporting OTCQB market tier company.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“should,” “plans,” "believes," "expects," “aims,” "anticipates" or
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the company to
differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone's
past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above and the company assumes no responsibility to update the
information included herein for events occurring after the date
hereof.
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