GSLO Expects iPhone 5 to Drive Demand for its Solar Powered Battery Packs
May 17 2011 - 8:00AM
Business Wire
GoSolarUSA (Stock Ticker: GSLO) announced today that the company
expects interest in its Volt Solar Charger to be boosted by the
release of the iPhone 5.
A rendering of GoSolarUSA's Volt Solar
Charger for the Apple iPhone. (Photo: Business Wire)
“Anticipation for the unveiling of Apple’s iPhone 5 is already
running at a fever pitch,” said GSLO President and CEO Tyson Rohde.
“GoSolarUSA is making plans to capitalize on the explosion in
demand for iPhone 5 accessories upon its release.”
Sales predictions for both the iPhone 4 and forthcoming iPhone 5
have GoSolarUSA excited about the prospects for its hot new battery
pack accessory. In March, Asymco analyst Horace
Dediu predicted that Apple’s current-generation iPhone 4
smartphone handset will likely sell around 60-65 million units in
total. Sales of its coming successor, the iPhone 5, could nearly
double that amount, he said. Dediu based his predictions on Apples
historical iPhone sales figures, iPhone production ramps and market
growth patterns. Through the first four generations of the iPhone,
he said, each new version of the groundbreaking device sells
roughly twice as many units as the last.
Dediu’s bold prediction was good news for GoSolarUSA. The
company is counting on demand from a massive number of iPhone users
to drive interest in the Volt. GoSolarUSA owns the exclusive right
to sell and distribute the Volt in North America, the world’s
largest market for iPhone accessories.
The Volt uses a built-in solar panel and 1500 mAh battery to
dramatically extend the talk time of the iPhone 3, iPhone 3GS and
iPhone 4. GSLO plans to add the iPhone 5 to that list once
specifications are released for the next-gen smartphone.
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 Motorola Mobility Holdings, Inc. (NYSE: MMI) 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 also 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.
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