NEW ORLEANS–(BUSINESS WIRE)–GoSolarUSA (PinkSheets:GSLO) announced today that it inked a profit participation agreement with Yosion, the Chinese developer of the Apple Peel 520 accessory for the iPod Touch.
“Retail sales of the Peel’s initial manufacturing run in China have been tremendous”
According to the deal, GoSolarUSA will provide Yosion with six consecutive monthly payments in exchange for a percentage of Yosion’s future net profits worldwide. The agreement is but the latest development in the burgeoning relationship between GoSolarUSA and Yosion: The two companies signed an option agreement last month and a distribution agreement last week. GSLO President and CEO Tyson Rohde is in China this week to conduct due diligence and said that more deals could follow.
“I’m pleased to say that GoSolarUSA is developing a very strong partnership with Yosion,” Rohde said. “The reason that we are investing in this overseas developer is very simple: We believe strongly in the worldwide sales potential of Yosion’s breakthrough product, the Apple Peel 520.”
Yosion’s Apple Peel 520 is an accessory designed to add voice calling and text messaging functions to the iPod Touch, Apple’s revolutionary media player. The hardware slips over the Touch’s case, acting as a protective skin, and includes a 4.5-hour battery, dock connector and SIM card. Yosion software will allow iPod Touch users to access the Peel’s telecommunications functions using their touchscreens. The startling new technology represents a more affordable alternative to purchasing Apple’s costlier iPhone.
“Retail sales of the Peel’s initial manufacturing run in China have been tremendous,” Rohde said. “Thanks in part to the device’s modest price point, we anticipate duplicating its early success in China throughout North America.”
Earlier this week, GoSolarUSA announced that it signed a purchase order to bring 100 Apple Peel 520 demonstration units to the U.S. for distribution to retail buyers and media outlets. Rohde said that GoSolarUSA has received numerous inquiries from national retailers regarding the device’s availability.
“We can’t wait to show people that this technology is real and that it’s coming to a store near you,” Rohde said. “GoSolarUSA believes that Yosion’s Apple Peel 520 greatly increases the value of the iPod Touch and we would like to have it on retail shelves in the U.S. before Christmas.”
GoSolarUSA is dedicated to aggressively acquiring, developing and marketing promising and potentially profitable technology. The Apple Peel 520 is a product of Yosion Technologies based in Shenzhen, China. The iPod Touch and the iPhone are products of Apple Inc. (NASDAQ: AAPL), which competes in the global smartphone market against Google’s (NASDAQ: GOOG) Android devices and the Research in Motion (NASDAQ: RIMM) BlackBerry line.
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,” “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.
