GoSolarUSA Advances to Finalize Deal for PREE™ Technology
Date : 07/14/2010 @ 9:15AM
Source : Business Wire
Stock : GoSolarUSA Inc. (GSLO)
Quote : 1.03 -0.07 (-6.36%) @ 1:45PM
GoSolarUSA Advances to Finalize Deal for PREE™ Technology
Go Solar USA, Inc. Common Stock (USOTC:GSLO)
Intraday Stock Chart
Today : Thursday 15 July 2010
GoSolarUSA Inc. (PinkSheets:GSLO) disclosed that the Company has reached an understanding with PREE™ regarding the terms and future participation between the two companies in the development, delivery and marketing of the new PREE™ product line. PREE™ owns a breakthrough technology that uses wireless internet signals and solar energy to keep Smartphones constantly charged without having to be plugged in. After encountering a flood of inquiries regarding PREE™ product details, possible PREE™ distributorships and interest in investment, GSLO management decided to fast-track their deal with PREE™.
The PREE™ technology is designed for use with a wide range of Smartphones, including Apple’s iPhone (NASDAQ: AAPL), Research in Motion’s BlackBerry (NASDAQ: RIMM) and Google’s Android (NASDAQ: GOOG). GSLO is anticipating significant market demand for PREE™ product.
Smartphone users often find that their batteries can’t keep up with power-hungry applications. A typical Smartphone battery will lose 5% to 10% of its life every hour. As a result, (before the PREE™) users had to plug their phones into a charger at least once a day or more. The PREE™ product is a device being configured to empower users to disconnect from the plug and go wireless for as long as they need to use their applications. This exciting device converts inbound wireless LAN waves and solar energy into an electrical charge powerful enough to keep the Smartphone charged.
More information on the PREE™ can be seen at www.GoSolarUSA.com/technology.html
Mobile phone accessories generate billions of dollars of revenue to manufacturers. GSLO is excited to be a part of bringing a new American technology to the market that can be used worldwide. The phone accessory market is projected to reach $80 Billion by 2012. The company feels that this product has major market potential.
For more information on the Company see: www.GoSolarUSA.com.
About GoSolarUSA, Inc. (OTC: GSLO)
GoSolarUSA identifies and develops new solar energy technologies in the United States. Our motto is “Invent it here, Build it here and Sell it to the World!” While green technologies like wind and solar manufacture their products in China and Europe and import them to the U.S., we are focused on developing and manufacturing our products in the United States. We believe this not only creates high-quality jobs in America, but it insures 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 BP (NYSE: BP). 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 "believes," "expects," "anticipate" 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.
