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China In-Focus: New Energy Systems Inks $3 Million European Distribution Deal

January 27, 2010 (FinancialWire) — New Energy Systems Group (OTCBB: NEWN), a design manufacturer and distributor of lithium ion batteries and backup power systems, said that it has entered into a distribution agreement with A-Solar, a European developer and distributor of solar powered products for charging mobile electronics.

Under an initial one year agreement, A-Solar will be the exclusive selling agent for New Energy’s solar mobile chargers for a series of iPhone and iPod models in the United Kingdom, Germany, Belgium, Netherlands, and Luxembourg.

New energy said that sales under this agreement are expected exceed $3 million during 2010.

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