China In-Focus: New Energy Systems Receives $2.2 Million Battery Purchase Order
December 3, 2009 (FinancialWire) — New Energy Systems Group (OTCBB: NEWN), a manufacturer and distributor of battery components in China, said it has received a purchase order for lithium ion batteries valued at $2.2 million from Shenzhen Gaoke Group, a firm that offers telecommunications, audio/video and entertainment products.
The purchase order will be fulfilled over the course of the year ending December 2010.
henzhen Gaoke Group develops and markets telecommunication, audio/video and entertainment products. The company sells products under its own brand name and is also a supplier to OE
New Energy Systems Group is a manufacturer and distributor of lithium ion batteries. The company assembles and distributes finished batteries through its sales network and channel partners.
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