SHENZHEN, CHINA & NEW YORK, USA: New Energy Systems Group, a vertically integrated original design manufacturer and distributor of Li-ion batteries and backup power systems, has entered into a distribution agreement with A-Solar, a European developer and distributor of solar powered products for charging mobile electronics.
Under the initial one year agreement, A-Solar will be the exclusive selling 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 $3 million during 2010.
Fushun Li, Chief Executive Officer, commented: "Our debut into the UK, Germany, Scandinavia and key European countries marks an important step in our evolution as a global company and we are excited to have teamed up with A-Solar. A-Solar's multi-channel sales include online as well as retail distribution, and we view this alliance as a significant milestone for our access to markets beyond China. While we still have significant growth opportunities within China, we are also aggressively pursuing business outside of China, which is something we have not historically done.
"We believe A- Solar's decision to partner with us further validates the strength and breadth of our product line. This is the first agreement we have signed with A-Solar and we look forward to expanding our relationship with them in the future."