GSLO: Holiday iPad Sales May Mean Booming Market for Peel 520

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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