New Energy Systems Group (NEWN) Renews Manufacturing Agreement With New Trent

Feb. 01, 2013 2:40 PM ETNEWN
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New Energy Systems Group, an original design manufacturer and distributor of Anytone® and MeePower® branded consumer backup power systems for mobile devices and solar related application products to service municipal power applications, announced today that one of its subsidiaries, Shenzhen Anytone Technology Co., Ltd., has renewed its agreement with New Trent to produce New Trent's products for distribution and sale in the United States and the UK in 2013.

New Trent is a Freemont, California-based retailer and distributor of mobile power devices for use in consumer electronics, such as smart phones, digital cameras, and mobile computing devices. New Trent's products are built to be compatible with products from Apple, RIM, IBM, and Dell, and are sold to online and retail locations under its brand name.

The agreement stipulates that Anytone will produce three "New Trent" branded recharging devices for sale in the US and UK markets. The Model 8800 (NT99D), a line of flexible, back up mobile power devices for recharging and powering various brands of phones and tablets is included in the agreement. The Model CC01 (NT80C) is a brand new take on the USB car charger. Under the agreement, New Trent has committed to selling at least $1.0 million in Anytone product from February 2013 to February 2014. New Energy's "Anytone" and "MeePower" brands are not included in this agreement.

Mr. Weihe "Jack" Yu, Chairman and CEO of New Energy Systems Group said, "Through last year's successful cooperation experience, we are pleased to renew our agreement to sell Anytone made products in the US. With a strong portfolio of products for consumer electronic devices and accessories, we are focused on expanding our sales outside of China, where we hope to realize higher average selling prices and margins."

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