SHENZHEN, China, Oct. 31, 2011 /PRNewswire-Asia-FirstCall/ -- New
Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the
"Company"), a vertically-integrated original design manufacturer
and distributor of consumer branded backup power systems, lithium
ion batteries, battery parts and solar panels, today announced its
participation at the 2011 Hong Kong Electronics Fair held
October 12-16, where the Company
featured recently launched consumer products and debuted its
concept "Power Cube" product series.
The Power Cube series of products are designed to provide backup
and charging power for electronic devices ranging from smartphones
to Tablet PCs. With its simple and elegant design, the three sizes
of Power Cube (M430, M800, M1200) will power a Tablet PC for up to
20 hours, or recharge portable devices up to 8 times without the
need to be plugged in to a power source. Two of this series, M430
and M800, are expected to be launched during the first quarter of
2012, and consumers will be able to purchase the Power Cube for a
suggested retail price ranging from RMB $290 (USD$45.60) to
RMB $690 (USD$108.50) depending on capacity.
The Hong Kong Electronics Fair was a unique opportunity to
promote and demonstrate the Company's full line of consumer
products, including its latest breakthrough innovations in mobile
batteries, the Anytone® Pandora Power
Case, Anytone® Smart Cover Power I, and Anytone®'s APC-M700
to over 100 international attendees. The Fair attracted over 3,900
exhibitors including producers of multimedia, digital imaging, home
appliances, communications and electronic components.
"The Hong Kong Electronics Fair was an ideal venue to showcase
our new products, and we received excellent responses and strong
interest from attendees," said Chairman and Chief Executive Officer
of New Energy Systems Group Jack Yu. "We are excited to move
forward next year on production of our concept Power Cube series,
which received strongly positive feedback from prospective
customers."
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 leading manufacturers of 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
while it's commercial and OEM batteries and battery components are
sold under New Power and E'Jenie. 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,
light weight lithium ion batteries. In addition to historically
strong organic growth, New Energy is expected to benefit from
economies of scale, broader distribution and higher profit margins
in 2011. Additional information about the company is available at:
www.newenergysystemsgroup.com.
Forward Looking Statements
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies. These forward looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website (www.sec.gov). All
forward-looking statements attributable to the Company or to
persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
For more information, please contact:
COMPANY
New Energy Systems Group
Ken Lin, VP of Investor
Relations
Tel: +1-917-573-0302
Email: ken@newenergysystemsgroup.com
www.newenergysystemsgroup.com
INVESTOR RELATIONS
MZ
John Mattio, SVP
Tel: US +1-212-301-7130
Email: john.mattio@hcinternational.net
www.mz-ir.com
SOURCE New Energy Systems Group