China's New Energy Targets European Market For iPhone Solar Chargers

Shenzhen-based New Energy Systems Group, a designer, manufacturer, and distributor of lithium ion batteries and backup power systems, has entered into an exclusive distribution agreement with A-Solar, a European developer and distributor of solar powered products, for sales of New Energy's solar mobile chargers.

Under the initial one year agreement, A-Solar will be the exclusive sales agent for New Energy's solar mobile chargers for a series of iPhone and iPod models in the United Kingdom, Germany, Belgium, Netherlands, and Luxembourg. Sales under this agreement are expected exceed USD3 million during 2010.

Fushun Li, the CEO of New Energy, commented that the company's debut into the U.K., Germany, Scandinavia, and other key European countries marked an important step in its evolution as a global company. He pointed out that A-Solar's multi-channel sales network includes online sales as well as retail distribution, and he viewed this alliance as a significant milestone for our access to markets beyond China.

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The company's end-user consumer products are sold under the Anytone brand in China.

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