For Thursday, August 26th
IFXY, SMNG, NUEC, AQUM
EFIR, SSHO, EEE, MMUH, GELV, GSLO
Our Stocks to Watch today include Infrax Systems Inc. (OTCBB: IFXY), Strategic Mining Corp. (OTC: SMNG), NuEarth Corp. (OTC: NUEC), Aquamer Medical / Aquamer Urban Agricultural Corp. (OTCBB: AQUM), EGPI Firecreek Inc. (OTCBB: EFIR), South Shore Resources Inc. (OTC: SSHO), Evergreen Energy Inc. (NYSE: EEE), Mobile Media Unlimited Holdings Inc. (OTC: MMUH), Green Energy Live Inc. (OTCBB: GELV) and GoSolarUSA Inc. (PinkSheets: GSLO).
FEATURED COMPANY
INFRAX SYSTEMS INCORPORATED (OTC: IFXY)
Detailed Quote: http://www.otcpicks.com/quotes/IFXY.php
Company Profile: http://www.otcpicks.com/Infrax-Systems.htm
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
IFXY News:
August 26 - Infrax Systems (IFXY) Retains Vivid Infusion for Global Rebranding Campaign
Tampa-Based Firm to Provide Infrax With Integrated Marketing and Contemporary Digital Communications Solutions
Infrax Systems, Inc. (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, today announced the company has retained the services of Tampa, Florida-based Vivid Infusion to rebrand the Infrax global image through integrated marketing campaigns and contemporary digital communications solutions.
"Infrax Systems is pleased to retain Vivid Infusion to rebrand our organization as we target critical Smart Grid security applications throughout the world," states Paul J. Aiello, President & CEO, Infrax Systems, Inc. "We are extremely excited about the future growth opportunities for Infrax Systems and will use our rebranding campaigns to educate global Utility companies, about the power our Smart Grid solutions possess to secure the future!"
Key elements of the Infrax rebranding campaigns include a contemporary, informational and interactive website, hard-hitting strategic public relations, aggressive Utility-industry trade event participation as well as through creative digital communications. System security is a vital component and a critical element to ensuring complete Smart Grid performance. Through the corporate rebranding campaigns, Infrax will provide utility companies and their customers, comprehensive communications and management solutions for global Smart Grid applications.
"Vivid Infusion is honored to be chosen for the global rebranding of Infrax Systems," said Thomas Nagy, President of Vivid Infusion. "Infrax Systems has a very dynamic suite of secure Smart Grid solutions for the Energy and Utility Industry. On behalf of our management team, we look forward to proudly developing the Infrax brand identity to ultimately be recognized as the leader in secure global utility communications."
FEATURED COMPANY
STRATEGIC MINING CORPORATION (OTC: SMNG)
Detailed Quote: http://www.otcpicks.com/quotes/SMNG.php
Company Profile: http://www.otcpicks.com/Strategic-Mining.htm
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
SMNG News:
August 17 - Strategic Mining Completes Geological Report for Its Nevada/Utah Gold Property
Strategic Mining (OTC: SMNG) announced that it has recently completed a geological report for its East Canyon gold property located in both Nevada and Utah. Due to the presence of both gold and silver, further geological mapping, geochemical and geophysical surveys are required to develop new or refined exploration targets for both gold and silver.
Hassan Alief, the company's geological consultant, reviewed geochemical and field reports from historic and recent exploration to evaluate the property and write a report. Pending further investigation, Strategic Mining has plans for the further acquisition of adjacent properties.
President, Todd Sterck commented: "We are fortunate to have our gold property located in pro-mining states. Our goal is to establish ourselves in this region that has a long and proven track record for successful gold production."
The company has entered into negotiations with interested parties for the initial financing of $5 million required to develop at least one of its properties and begin gold production. These negotiations are in the early stages and SMC will update its shareholders on the progress as it develops.
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the U.S. (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
FEATURED COMPANY
NUEARTH CORPORATION (OTC: NUEC)
Detailed Quote: http://www.otcpicks.com/quotes/NUEC.php
Company Profile: http://www.otcpicks.com/NuEarth-Corp.htm
NuEarth Corporation is a major chemical distributor dedicated to bringing to market "Clean Solutions to Complex Problems". NuEarth offers a broad and diverse range of biodegradable, environmentally friendly products and technologies. NuEarth's mission is to provide substitutes for many of the hazardous chemicals commonly used throughout the world today.
NUEC News:
August 24 - NuEarth Signs Joint Venture Continuation Agreement with Laboratorio Internazionale Agricoltura, S/p/A and Signs Two $750,000 Agricultural Modeling Contracts for a Total of $1.5 Million in New Laboratory Contracts
NuEarth Corporation (OTC: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division "TerraSolv SA" has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle. "We've seen incredible value from the lab, which has paid for itself several times over in its first year of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We're taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services," said Levi Modelevi - CEO of NuEarth Corporation the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence – Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
The joint venture will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center, which collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 225-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
TerraSolve/LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing. The heart of the laboratory is a 160-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.
FEATURED COMPANY
AQUAMER MEDICAL CORPORATION (OTCBB: AQUM)
(Company will soon be changing its name to Aquamer Urban Agricultural Corporation)
Detailed Quote: http://www.otcpicks.com/quotes/AQUM.php
Company Profile: http://www.otcpicks.com/Aquamer-Urban-Agricultural.htm
To conduct its urban indoor farming business, Urban Agricultural will be utilizing TerraSphere's proprietary system of vertically stacked growing trays that precisely controls light, temperature, water and nutrition to grow fruits and vegetables indoors. These systems are automated, software driven and sensitive to environmental concerns.
Aquamer believes that the market for urban indoor farming is significant. It is estimated that by the year 2050 the world's population will increase by an additional three billion people to well over nine billion inhabitants, with as much as 70 percent of the world's population living in cities or urban areas by 2050, up from 49 percent today. Considering that only about 10 percent of the earth's land is arable, and that more than 80 percent of this agriculturally suitable land is already being exploited, it is projected that there will not be enough horizontal growing space to feed this substantially increasing population. For decades, humans have increasingly sought the economic and physical protection offered by urban centers, but our food production has primarily remained outside these locations where it is subject to the whims of the environment. Urban indoor farming offers the promise of feeding an increasingly hungry world in a highly productive and environmentally friendly manner.
Urban Ag's goal is to promote the sustainable consumption of natural resources through clean technologies, to demonstrate environmentally and socially responsible business practices and to provide good jobs to empower a diverse community-based workforce while at the same time creating shareholder value. Urban Ag's farming activities will offer consumers a healthy, local, sustainable, eco-friendly alternative to large-scale industrial farming, which is highly dependent upon the use of agricultural fertilizers, herbicides and pesticides that may be harmful to consumers and both the agricultural products themselves and also the environment in which they are grown. TerraSphere has provided data showing that its patented vertical farming technology reduces water consumption through a highly efficient closed loop design that requires up to 75 percent less water than conventional field agriculture watering practices. Using these techniques, Urban Ag expects to be able to produce over 50 pounds of product per square foot per year, utilizing a short growing cycle of approximately 42 days versus 50 days for average greenhouse production and as compared to up to 70 days for traditional farming methodologies.
Vertical farming offers a solution for increasing fruit, produce and herb production due to the high density production providing for a much reduced physical footprint and fewer resources relative to field agriculture. Vertical farming systems have the potential for increasing urban food supplies while decreasing the ecological impact of farming including a smaller carbon footprint due to the reduction in fuel required transporting product across the country. Urban Ag's system of pesticide and herbicide free production with closed loop systems that conserves water provides significant potential for the realization of environmentally sustainable urban food production.
AQUM News:
August 17 - Aquamer Medical Corp. Announces Press and Investor Conference, NASDAQ MarketSite, Times Square
Media and Analysts Invited to Attend: CEO to Present Acquisition of Urban Agricultural, Corporate Directions and Exciting Future of Urban Farming Technology
Aquamer Medical Corp. (OTCBB: AQUM) ("Aquamer") announced a Media and Investor Conference. This conference follows on Aquamer Medical Corp.'s recent announcement of their acquisition of Urban Agricultural Corp. ("Urban Ag"), a privately owned company.
When: August 19, 2010, 1:00 PM EDT
Where: NASDAQ MarketSite, 4 Times Square, New York, NY
RSVP required for building security: E-mail
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or call (917) 680-6011.
Aquamer intends to refocus its corporate energies and to rapidly expand Urban Ag's business of urban indoor farming, the environmentally friendly and sustainable urban production of healthy agricultural products under highly controlled, indoor conditions using advanced techniques and processes.
Senior executives will be available for interviews before and after the video conference. Please contact Bradley Smith, above, to schedule.
STOCKS TO WATCH
EGPI FIRECREEK INCORPORATED (OTCBB: EFIR)
"Up 125.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EFIR.php
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the DOT Construction and Intelligent Traffic System markets alongside its wholly owned subsidiary M3, Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers). EGPI Firecreek, Inc. is also looking to expand into Alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.
EFIR News:
August 26 - EGPI Firecreek, Inc. Receives 10 Million Dollar Purchase Order Through Its Wholly Owned Subsidiary M3 Lighting, Inc.
Terra Telecom Establishes Long Term Relationship With EGPI Subsidiary
EGPI Firecreek, Inc. (OTCBB: EFIR) announced that it has received a 10 million dollar purchase order from Terra Telecom, LLC, ("Terra") through EGPI's wholly owned subsidiary M3 Lighting, Inc.
Terra Telecom is a leading provider of state-of-the-art communication technologies efficiently serving all sized companies and organizations that use and deploy communications systems, service, sales, and training while consolidating and optimizing the end user experience, providing customers value and integrity in each of these opportunities. In business since 1980, Terra has focused on delivering enterprise solutions; while leading with voice services and offering full turn-key solutions that consist of voice, data, video and associated applications.
Through Terra Telecom's sophisticated technologies and managed services, customers in the US from coast to coast and in 22 countries can do business at the highest level of efficiency for today's fast-paced global economy. In 2009 Terra became a premier Alcatel-Lucent partner providing services to Alcatel-Lucent and some of their largest customers. Terra also works with the Texas Dept. of Transportation and brings significant opportunities to EGPI through ITS/DOT opportunities with Alcatel products.
Most recently, Terra has become a global partner through the United Nations delivering Alcatel voice products. Terra has already deployed and brought on line the Alcatel-Lucent technology in New York; Kingston, Jamaica; Johannesburg, South Africa; Katmandu, Nepal; and Bangkok, Thailand. Projects are currently under way in Central America, Europe, Africa and Asia. Terra Telecom fully expects to meet the project deployment schedule set by the United Nations Population Fund. Terra is able to deliver quality deployments due to their quality management system and TL9001 certification.
The 10 million dollar blanket purchase order is for existing and new customers, furnishing equipment, implementation services, and on-going maintenance and support services.
Dennis Alexander, EGPI's CEO, stated, "We are extremely pleased to announce this significant purchase order through Terra-Telecom, LLC. With over 30 years of expertise and global partnerships with several well known telecommunication giants, we feel very fortunate in having the ability to not only work with, but to establish and trend up internal synergies, which will equate to a long term business relationship with Terra. We are very confident that this will be the first of several business opportunities that will become available to us through Terra-Telecom."
ABOUT TERRA-TELECOM
Terra is an industry leader in value creation for each of their clients and stakeholders. Terra's enterprise business has experienced exponential sales volume and revenue growth since January 2005 with year to year revenue growth averaging 46.6% over 2005, 2006 and 2007. The revenue growth fueled by increases in the volume and scope of jobs created the need for significant infrastructure growth. In 2006 Terra relocated its company headquarters to a modern, 25,000 square foot facility in Tulsa, Oklahoma. This facility provides the Company the space to continue growth and the ability to manage operations throughout the nation.
SOUTH SHORE RESOURCES INCORPORATED (OTC: SSHO)
"Up 35.82% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SSHO.php
South Shore Resources Inc. is a company engaged in the manufacturing, marketing, sales and distribution of products which are committed to fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive manufacturing industries which are either in development and/or the commercialization stages.
SSHO News:
August 17 - South Shore Resources Begins Review and Due Diligence for Exclusive Licensing of Its Intellectual Hydrogen on Demand Property
South Shore Resources Inc. (OTC: SSHO) (Frankfurt: SXB) (WKN: A0LD9H) announces that management has begun its review and due diligence on the private Ontario company headed by Mr. Erich Genseberger who wishes to purchase for $44 million, an exclusive 20 year license for use of our intellectual (Hydrogen on Demand) property.
South Shore believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases.
EVERGREEN ENERGY INCORPORATED (NYSE: EEE)
"Up 10.06% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EEE.php
Evergreen Energy Inc. has developed two proven, proprietary, patented, and transformative green technologies: the GreenCert™ suite of software and services and K-Fuel®. GreenCert, which is owned exclusively by Evergreen, is a science-based, scalable family of environmental intelligence solutions that quantify process efficiency and greenhouse gas emissions from energy, industrial and agricultural sources and may be used to create verifiable emission reduction credits. K-Fuel technology significantly improves the performance of low-rank coals, yielding higher efficiency and lowering emissions.
EEE News:
August 26 - Evergreen Energy Hires VP of Sales and Marketing
Evergreen Energy Inc. (NYSE: EEE), a green energy technology solutions company, announced the hiring of Michael J. Brennan, 51, as its Vice President of Sales and Marketing for its GreenCert™ operation. Brennan will report to Evergreen’s CTO and acting president Mike Gionfriddo.
“We are excited to welcome Michael onboard as we escalate our sales and marketing plans for our GreenCert solution,” said Gionfriddo. “Michael’s experience in building revenue through channel development and designing successful marketing strategies will contribute significantly to our efforts to generate meaningful licensing revenue from GreenCert.”
Brennan most recently served as the Senior Vice President and Senior Partner of BoldTech Corporation, a consulting and systems integration firm. Prior to that, Brennan was a 15-year veteran of NCR Corporation where he held numerous marketing and management positions surrounding high technology solutions encompassing software, services and software-as-a-service (SaaS) solutions. His last position at NCR was the Global Vice President and General Manager where he led a division’s growth from $55 million in revenue in 1997 to over $280 million in 2001. Brennan received his Bachelor of Science in Business Administration from Boston College and a PMD from the Harvard Business School.
August 25 - Evergreen Energy Agrees to Exchange a Portion of its Outstanding 2007 Convertible Debt
Evergreen Energy Inc. (NYSE: EEE) signed an agreement with certain holders of its 2007 Convertible Notes to exchange and retire approximately $3.1 million in outstanding debt and accrued interest for 981,250 shares of common stock on a post-split basis. This transaction reduces the $27.4 million of notes due in August 2012 to $24.4 million. The company is continuing its discussions with other 2007 bondholders to evaluate options for further reducing the remaining balance.
Thomas H. Stoner, CEO and director of Evergreen, stated, “The agreement with a portion of the 2007 Bondholders represents a milestone in our continued effort to come to a resolution with our bondholders on outstanding debt. We are focused on reaching the best terms with which to deleverage the company and to operate on firmer financial footing as a clean technology company.”
The exchange is expected to close within the next five trading days and includes a release of any claims the bondholders participating in the exchange may have arising out of the notes or the indenture governing the notes.
MOBILE MEDIA UNLIMITED HOLDINGS INCORPORATED (OTC: MMUH)
"Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MMUH.php
MMU is a leader in mobile marketing technologies, utilizing proprietary state-of-the-art marketing solutions and our unique ability to reach millions of new consumers simultaneously. With our extensive "opt in" inventory, MMU strives to stay ahead of the curve, giving our clients a seamless delivery solution and the highest quality of customer service.
MMUH News:
August 11 - Mobile Media Unlimited Holdings Aims for Current Info Tier
MMUH Prepares for Current Info Tier Toward Transparency and Shareholder Relations
Mobile Media Unlimited Holdings (OTC: MMUH) releases its share structure as part of an initiative to maximize overall transparency, accessibility and shareholder relations.
Enable CEO David Lovatt comments, "This is an exciting time for Enable, our subsidiary, as we've achieved a solid base of worldwide clients and white label partners over the last few months in our service model which provides comprehensive and secure email management and SaaS solutions for companies worldwide. We are confident that this initial success will result in continued progressive success, as we have a number of strategic partners and relationships which foster exponential growth."
He continues, "It's crucial that as we experience these successes, that we also remain progressive in our outreach to the general public, particularly existing and prospective shareholders, in line with a core foundation of transparency and communication."
The company is presently preparing documents including up-to-date Disclosure and Information filings as well as its most recent financials to qualify for OTC Markets' Current Info Tier. OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information for Pink Sheets companies, the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, current share structure, current financials and an attorney letter verifying financial information submitted.
Mr. Lovatt stated: "Our current share structure as of July 30th, per our Transfer Agent is as follows:
Authorized Shares: 5,000,000,000
Outstanding Shares: 2,322,390,046
Public Float: 622,390,046
"It is important to note that 1.7 billion of the outstanding shares are restricted shares and held by senior officers of the company."
The company will be furnishing documents to OTC Markets immediately upon completion and will update shareholders on its status as it occurs.
Enable Software is a Software as a Service enablement provider that enables software vendors to bring SaaS solutions to market. Enable Software specializes in email management software solutions and exclusively works with IT Service Providers to furnish them with the very latest in email management solutions for the modern marketplace. The company has contracts worldwide including Asia, Europe, Australia and India, among others.
GREEN ENERGY LIVE INCORPORATED (OTCBB: GELV)
"Up 27.27% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/GELV.php
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy.
GELV News:
August 26 - Green Energy Live, Inc. Announces Its Focus on 'The Clean Side of Green'
Green Energy Live, Inc. (OTCBB: GELV) is a growing clean energy company focusing on sustainable 'clean side of green' solutions for the U.S. livestock industry. Through its letter of intent to acquire 100% of the stock of Peck Electric Inc., Vermont's leading provider of electrical contracting services, Green Energy Live has various opportunities to expand into new areas of clean energy products and services.
On June 12, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric. Upon acquisition, Peck will become a wholly owned subsidiary. Green Energy Live is conducting its due diligence and has made several visits to meet with Peck over the summer, including one last week. Upon completion of these pre-acquisition activities, Green Energy Live and Peck Electric will determine a closing date for this transaction.
A significant new growth area for Peck is its exclusive contract to manufacture core electrical components for ElectroCell Technologies, Inc.'s (ECT) patented manure treatment technology. This technology uses precisely managed electrical current to treat manure and dramatically reduces pathogens, odor, and excess nutrients in livestock manure. Livestock waste is one of the largest pollutants of lakes, rivers and estuaries in North America and farmers are under increasing regulatory pressure to manage it more effectively. ECT's technology provides farmers with a powerful tool for regulatory compliance, and it also provides productivity benefits that actually improve farm profits. Peck is poised to increase its revenue based on the forecasted demand for these machines.
Karen Clark, President/CEO of Green Energy Live, commented: "Peck Electric is a solid, well-run company with multiple and consistent revenue streams as well as potential for significant expansion in clean energy offerings. Peck Electric has collaborated with ElectroCell Technologies, Inc. for 5 years in the design of the control panel for their patented machine, as well as field trials and in the recent certification of ECT as a nutrient reduction methodology by the state of Pennsylvania's Department of Environmental Protection. ECT is poised for explosive growth now that its product is actively being marketed. Peck benefits as the sole supplier of the control panels for this machine. We are very excited at the various new areas of 'the clean side of green' that Peck has moved into as it expands from the traditional areas of the electrical contracting business. Peck has a 40 year history of capitalizing on new opportunities in the electrical field, and Green Energy Live is pleased to continue to move forward with the acquisition of this growing enterprise."
GO SOLAR USA INCORPORATED (OTC: GSLO)
"Up 12.85% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GSLO.php
GoSolarUSA identifies and develops new solar energy technologies in the United Sates. 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 News:
August 26 - PREE Corp. to File Provisional Patent Application This Week for Breakthrough Smartphone Charger
PREEcharge Prototype is Designed to Harness Energy from WLAN Transmissions and the Sun
GoSolarUSA Inc. (PinkSheets: GSLO) announced that its new development partner, the PREE Corporation, expects to file a provisional patent application for its revolutionary PREEcharge design this week. The provisional patent application will be filed with the U.S. Patent and Trademark Office and will describe the PREEcharge, a breakthrough device that utilizes new technology to charge smartphones using inbound signals such as Bluetooth channels, CDMA transmissions and wireless local area networks. The PREEcharge also features solar cells that supplement the power needs of smartphones and other mobile devices.
The PREE Corporation inked a profit participation agreement with GoSolarUSA in July.
“Once this application is filed, GoSolarUSA is ready to forge ahead alongside the PREE Corporation to ready this technology for the market,” said Tyson Rohde, President and CEO of GSLO. “The PREEcharge is a flagship product that we believe will revolutionize the use of mobile smartphones and other portable electronics worldwide.”
The PREEcharge can be adapted 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). With sophisticated mobile applications requiring ever more battery power, smartphone batteries can expend five to ten percent of their charge every hour while in use. The PREEcharge is designed to allow smartphone users to charge their phones wirelessly using energy harvested from wireless LAN waves and solar rays.
GoSolarUSA aggressively acquires, develops, and markets the most promising and potentially profitable American solar technology possible, making the company a natural partner for the PREE Corporation.
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