GSLO Targets PREE Licensing Agreement for China

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.

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,” “will,” “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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