NEW ORLEANS--(BUSINESS WIRE)--GoSolarUSA (Pink Sheets: GSLO) announced today that it acquired the exclusive North American distribution rights to the Volt Solar Charger accessory for the Apple iPhone.
GoSolarUSA completed the acquisition by signing a distribution agreement with Xiamen Solar Electronics (XSE), the Chinese developer of the Volt. The agreement provides GoSolarUSA the exclusive right to sell and distribute the Volt in North America, the world’s largest market for iPhone accessories.
The deal is only the latest development in the burgeoning relationship between GSLO and XSE. On Monday, GoSolarUSA announced that it signed a profit participation agreement with XSE that entitles GSLO to a percentage of XSE’s future net profits worldwide.
“GoSolarUSA has made it a priority to bring new technology into the North American market for Apple product accessories, and we expect XSE to be an invaluable partner in that mission,” said GSLO President and CEO Tyson Rohde. “With the announcement yesterday that the iPhone 4 will be available on the Verizon (NYSE: VZ) Wireless network beginning in February, we anticipate that the massive domestic market for iPhone accessories such as the Volt will grow even larger in the coming months.”
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 many 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 soon go on sale bundled with a one-year warranty.
“This company has high hopes for the Volt,” Rohde said. “There is great demand in this market for powerful smartphone accessories, and the Volt genuinely improves the iPhone user experience. We truly believe that this product has the potential to introduce solar technology to the daily lives of millions of iPhone users.”
Seeking to capitalize on the emerging new era of mobile communications, 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 is a product 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/Investors.
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. GoSolarUSA is a US registered and reporting OTCQB market tier company.
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