GSLO Signs Profit Agreement with Developer of Volt Solar Charger
January 10 2011 - 9:15AM
Business Wire
GoSolarUSA (PinkSheets: GSLO) announced today that it signed a
profit participation agreement with Xiamen Solar Electronics (XSE),
developer of the revolutionary Volt Solar Charger accessory for the
Apple iPhone.
According to the agreement, GoSolarUSA will provide XSE with
development funding for the Volt in exchange for a percentage of
XSE’s future net profits worldwide. The agreement is but the latest
development in a burgeoning relationship between GoSolarUSA and
XSE.
“I’m pleased to say that we’re developing a strong partnership
with Xiamen Solar Electronics,” Rohde said. “We feel that XSE is an
ideal partner for GoSolarUSA because the Volt Solar Charger
represents a true breakthrough in applying renewable solar energy
to the world of consumer electronics. We are very impressed with
the device’s worldwide sales potential.”
The Volt Solar Charger is an external battery pack that attaches
to the iPhone and extends its battery life using a top-of-the-line,
built-in solar panel. The Volt is capable of harvesting solar
energy to charge all versions of the Apple iPhone with the same
device. By capturing free, renewable solar power, the Volt
recharges the iPhone’s battery first before charging its own
internal battery, nearly doubling the smartphone’s talk time. The
Volt includes a larger battery than its competitors and is the only
iPhone battery pack known to the company to include a reception
corrector.
In order to charge the Volt Solar Charger after sunset, a USB
cable will also be included with the device. Manufactured in a
variety of colors, the Volt will go on sale soon bundled with a
one-year warranty.
“Apple recently reported that it sold 14.1 million iPhones in
the most recent quarter alone, and it has raised its target for
first-quarter iPhone shipments by as much as 10 percent,” Rohde
said. “With Verizon Wireless, the largest mobile phone provider in
the U.S., strongly rumored to be preparing to offer the iPhone to
subscribers, we anticipate the growth of new Apple users to
accelerate in the coming years.
“With so many iPhones in circulation, a battery pack such as the
Volt has the potential to make solar energy a part of the daily
lives of millions of North Americans,” he said.
North America is the world’s largest market for Apple product
accessories, and GoSolarUSA has been active in funding new
accessory technologies for commercialization. In 2010, GSLO inked a
profit participation agreement with the PREE Corporation,
developers of the PREEcharge accessory for the iPhone and iPad.
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing promising and potentially profitable technology. The
Volt Solar Charger is a product of Xiamen Solar Electronics based
in Xiamen, China. The iPhone and the iPod Touch are products of
Apple Inc. (NASDAQ: AAPL), which competes in the global mobile
electronics market against Google (NASDAQ: GOOG) 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
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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
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differ materially from those expressed or implied by such
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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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