Wind Energy

New Energy Systems Group Awarded $2.2 Million Purchase Order for Lithium Ion Batteries

Mr. Fushun Li, Chief Executive Officer, commented, "Gaoke Group is an award winning company in China and we are very pleased with their decision to purchase lithium ion batteries directly from New Energy. The batteries will be used in Gaoke’s telephone sets, which have a leading market position in China, as well as the company’s other products, such as DVDs, MP3s, MP4s and multimedia sound boxes. Gaoke sells its products in more than 50 countries, including Germany, the UK, France, Italy, Russia, Brazil and Singapore. This is the first purchase order we have received from the Gaoke Group after careful evaluation, and we look forward to a long and mutually beneficial relationship with them."

Mr. Li continued, "At the beginning of this year, one of management’s goals was to add additional customers for our finished lithium ion battery businesses, which tends to have higher profit margins than our other business segment. The Gaoke contract not only further diversifies our customer base in the distribution segment, but also further validates our ability to attract large, established customers. Our growth strategy includes both deepening our penetration of existing clients, as well as adding similar large clients in the near future."

Shenzhen Gaoke Group, established in 1993, develops and markets telecommunication, audio/video and entertainment products. The company sells products under its own brand name and is also a supplier to OEMs. Its products are sold to more than 50 countries, including Germany, the UK, France, Italy, Russia, Brazil, Singapore, Korea, Hong Kong and Taiwan. The company has many high-tech, design and practical patents and its products have various certifications, such as ISO9001 Quality Management System, ISO14001 Environment Management System, OHSAS18001 Occupation Health and Safety Management System, CE, FCC, UL and 3C. Gaoke Group won the "China Top Brand" award from the China State Bureau of Quality and Technical Supervision in 2005 and "China’sExporting Corporation with Accomplishments" award by Global Sources. The company employs 2,000 people and has more than 30 branches and offices in the country with sales networks and an e-commerce platform. Additional information can be found at http://www.szgaoke.com .

New Energy Systems Group is a leading manufacturer and distributor of lithium ion batteries. The company assembles and distributes finished batteries through its sales network and channel partners. The company also sells high-quality lithium-ion battery shell and cap products to major lithium-ion battery cell manufacturers in China. The company’s products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. Additional information about the company is available at http://www.newenergysystemsgroup.com