GSLO Targets PREE Licensing Agreement for China
January 06 2011 - 9:15AM
Business Wire
GoSolarUSA (PinkSheets: GSLO) announced today that the company
is working to secure a new licensing agreement with the PREE
Corporation that includes exclusive rights to sell PREE technology
in China.
GSLO President and CEO Tyson Rohde said on Wednesday that a
potential deal would likely involve GSLO providing funding to PREE
Corp. to further its product commercialization activities in
exchange for the exclusive and non-transferable rights to sell the
PREEcharge and other products derived from PREE technology in
China.
China is a leading market for mobile electronics. According to
the CIA World Factbook, the emerging Asian superpower is home to
747 million mobile phones, the most in the world. Based on annual
shipments, China is currently the world’s second-largest market for
smartphones such as the Apple (NASDAQ: AAPL) iPhone and Google
(NASDAQ: GOOG) Android devices. Communications market analyst
In-Stat has estimated the compounded annual growth rate of China’s
smartphone market to be 25 percent through 2013, producing 73.7
million new users annually.
“The size of China’s mobile electronics market is truly
extraordinary, and there is still massive potential for growth,”
Rohde said. “GoSolarUSA has communicated to PREE its interest in
exploring that market, and we’re currently discussing potential
terms. Our two companies enjoy a healthy and productive
relationship dating back to the earliest days of this technology,
so we anticipate a favorable agreement for both sides.”
Based in San Antonio, PREE Corp. is the developer of the
PREEcharge, a proprietary mobile device accessory designed to
harvest energy from wireless radio-frequency (RF) signals such as
those produced by wireless local area networks (WLANs), CDMA
transmissions, Bluetooth devices and other electronics. Once
collected, the PREEcharge can convert this energy into electricity
to power portable devices such as smartphones and tablet computers.
The PREE Corp. inked a profit participation agreement with
GoSolarUSA in 2010, and GSLO has funded the development of several
PREEcharge prototypes.
“Having traveled to China in October, I was blown away by the
country’s large, thriving mobile electronics market,” Rohde said.
“GoSolarUSA has developed solid relationships with Chinese
developers and manufacturers through our other business dealings,
and we are confident that we can rely on those assets to assist in
rolling out the PREE technology in China.”
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing promising and potentially profitable technology. The
company is currently assisting in the development of electronic
accessories compatible with products such as the Apple iPhone and
iPad as well as Google Android smartphones.
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.
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