New Energy Systems Group Announces Plans to Produce Full Line of Backup Power Systems and Accessories for Apple's Mobile Digital Devices
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New Product Line to Launch Under the Company's MeePower(TM) Brand
NEW YORK and SHENZHEN, China -- New Energy Systems Group (NYSE Amex: NEWN) ("New Energy"), a vertically integrated original design manufacturer and distributor of lithium-ion batteries and backup power systems, today announced that its wholly owned subsidiary, Shenzhen E'Jenie Technology Development Co., Ltd. ("E'Jenie"), has been licensed to manufacture backup power systems and accessories interoperable with Apple's mobile digital devices. The products will be sold under the new MeePower(TM) brand in the international marketplace.
Mr. Weihe Yu, Chairman, stated, "Although still under development and pending final certification, these newly designed devices will represent the latest in backup power technology. When consumers see the products are certified, they can be assured they are buying a fully tested, quality product."
Mr. Nian Chen, Chief Executive Officer, commented, "Our extensive R&D efforts are paying off. More power, greater capacity and shorter recharge times are giving New Energy's external power sources the competitive edge in the marketplace. We have been aggressive in our efforts to build our company to world-class status and see this latest milestone as an important step in that direction."
"Made for iPod," "Made for iPhone," and "Made for iPad" mean that an electronic accessory has been designed to connect specifically to iPod, iPhone, or iPad, respectively, and has been certified by the developer to meet Apple performance standards.
About New Energy Systems Group
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, and New Energy has recently begun expanding its international sales efforts. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy's end-user consumer products as well as its high-powered, lightweight lithium-ion batteries. In addition to historically strong organic growth, New Energy anticipates that it will benefit from economies of scale, broader distribution, and greater production capacity beginning in 2010. Additional information about the company is available at: www.newenergysystemsgroup.com/ .
For more information, please contact:
Crescendo Communications, LLC
David Waldman or Klea Theoharis
Tel: +1-212-671-1020
Email: newn@crescendo-ir.com
