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IFXY, SMNG, NUEC, AQUM
GFGUE, DGMA, APCX, EGOC, PRLS, 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), Getfugu Inc. (OTCBB: GFGUE), Degama Software Solutions Inc. (OTC: DGMA), AppTech Corp. (OTC: APCX), Energy 1 Corp. (OTC: EGOC), Peerless Systems Corp. (Nasdaq: PRLS) and GoSolarUSA Inc. (OTC: 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 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
GETFUGU INCORPORATED (OTCBB: GFGUE)
"Up 68.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GFGUE.php
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths — image, voice and location recognition — into a single customizable application. Additionally, Getfugu offers the only mobile e-commerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
GFGUE News:
August 27 - Federal Court Throws Out Frivolous RICO Claims Against Getfugu
Getfugu (OTCBB: GFGUE), the next generation mobile search tool, announced that U.S. District Court Judge George H. King has dismissed a civil RICO lawsuit brought against the Company and its officers and directors. The court determined that there was absolutely no valid basis to file a lawsuit accusing the company of being a racketeer influenced corrupt organization, denied leave to amend, and dismissed the claims with prejudice.
"After a detailed and thorough review of all the allegations, the judge has found that plaintiffs' RICO claims never even should have been filed," said the Company's attorney, John C. Kirkland, a partner at Luce, Forward, Hamilton & Scripps LLP. "They were utterly and completely without any legal merit whatsoever."
"This is a new day for Getfugu," said Rich Jenkins, the Company's Co-Founder. "The floodgates have been opened for a host of new business opportunities that have been held up because of these spurious and unfounded claims. We expect now to be able to swiftly activate our business plan, which emphasizes Augmented Reality in commerce, entertainment, sports, and even politics."
"The Federal Court decision today means that the cloud under which we have unjustifiably been forced to operate over the last nine months has been lifted," observed Carl Freer, GFGU's Co-Founder and Chief Executive. "Having this frivolous lawsuit thrown out will allow us to begin rebuilding revenue and re-establishing stakeholder confidence that was wrongfully put on hold. We look forward to rapidly regaining our advanced position in the further development of 'See it, Say it, Get it' technology to connect consumers and manufacturers."
DEGAMA SOFTWARE SOLUTIONS INCORPORATED (OTC: DGMA)
"Up 11.11% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DGMA.php
Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. The company builds applications, or "apps" to make it simpler and more enjoyable for people to share information and get things done together. In a vast world, Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.
DGMA News:
August 27 - Degama Software Solutions Finds a Perfect Mate in North American Dating Scene
DGMA to Furnish Geolocation for Smartphone App for Highly Active Dating Site
Degama Software Solutions, Inc. (OTC: DGMA) announces that it has entered negotiations with a North American Dating Website. The crux of discussions is to outline a mutually beneficial union in which Degama would license its cutting-edge geolocation software to be incorporated into a Smartphone App component to the online matchmaker's website.
"Meetings thus far have been very promising for Degama," states Seijin Ki, the company's tireless CEO. "We've been fortunate to entertain several beneficial partnerships in addition to our own IP such as the VascoNow™ application, and this only adds to positive company exposure and additional revenue stream potentials. The dating site, to remain confidential until App upgrades have been fully implemented, is no exception. Here we have the perfect marriage that will fulfill our client's needs while generating a steady monthly revenue stream for Degama immediately upon deployment."
This revenue stream is based on a sliding scale that increases in line with site members' mobile usage. "Not a bad day at the office considering that it is predicted that Americans will spend $1.7 billion on dating services by 2013. Obviously we'd only be capturing a percentage of the market, but the timing is perfect as social networking and mobile applications breathe new life into what only a few years ago seemed to be the 7-year-itch of dating sites," states Ki.
Further, Juniper research published earlier this year that the presence segment of Smartphone apps will be worth US$ 6 billion alone by 2014, covering geolocation and social web services. Ki feels the company is keeping very good pace with precipitous industry growth in terms of geolocation and trends therein and looks forward to updates on contracts in the coming days. As well, DGMA's agreement with a Software App Marketing and Advertising Company in India will be finalized next week. Legal counsel on both sides are finalizing terms for a long-term, mutually beneficial collaboration.
APPTECH CORPORATION (OTC: APCX)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/APCX.php
AppTech Global, Inc. is a subsidiary of AppTech Corp. and is developing mobile application market places serving emerging countries throughout the world, including Latin America, Brazil, China, India, Japan and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone, Google Android Nexus One, Research In Motion, Microsoft Mobile, Palm, Verizon Droid, the O-Phone in China, and others.
APCX News:
August 12 - New Apps Announced in Spanish and Portuguese
AppTech Corp. (OTC: APCX) announces that it has completed and delivered Spanish and Portuguese translations of some of the most popular English language apps in the Smartphone applications industry. The original applications, Gossip Junkie, Ibonsai, Mini Squadron and Sudoku Classic were developed by Wizzard Software (AMEX: WZE) and is the first part of the joint marketing agreement announced on May 18, 2010. AppTech and Wizzard plan to expand on the success of Wizzard's apps by offering the very popular apps to the emerging markets in Latin America and Brazil. Eric Ottens, CEO of AppTech Corp. states, "the best potential for the growth of cell phone apps in the Western Hemisphere is undoubtedly in the huge market in South America and AppTech intends to become a key player in this geographic market." Ottens also commented that, "AppTech is in early stage discussions with a leading apps developer in Brazil and when concluded we plan to adapt several top selling apps from the Brazilian marketplace to the US market."
ENERGY 1 CORPORATION (OTC: EGOC)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EGOC.php
Energy 1 Corporation is a US based Energy Research and Development Corporation, which is developing energy and emission solutions for the post carbon economy for the transportation industry.
EGOC News:
June 28 - Energy 1 Corp. Applies for Corporate Governance Certificate With ICCG
Energy 1 Corp. (OTC: EGOC) (Frankfurt: D8I) announced that it has applied for a Level 1 certificate with the International Council for Corporate Governance (ICCG). The certificate application is a 2 step process. First a questionnaire to be filled out by a company executive is completed. This is reviewed by the ICCG Audit Committee. Then the Company's Executives and Board of Directors will review and in conjunction with ICCG adopt a code of ethics prepared with ICCG. If satisfactory, ICCG will then issue a certification with all details published on www.energy1corp.com.
"As both an OTC Pinksheet and Frankfurt Borse listed company we have high standards in our reporting and transparency procedures corporately," stated Mr. Dean Steiger, President of Energy 1 Corporation. Furthermore, "We believe it is our corporate duty to continually improve our already high standards of reporting to investors with our ultimate goal being the improved value of our company to our shareholders."
ABOUT THE INTERNATIONAL COUNCIL FOR CORPORATE GOVERNANCE
The International Council for Corporate Governance is an International membership organization that provides publicly traded companies with a practice model for Corporate Governance Disclosure. Their goal is to increase the standard of corporate transparency and corporate governance disclosure to increase investor confidence.
PEERLESS SYSTEMS CORPORATION (NASDAQ: PRLS)
"Up 11.97% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/PRLS.php
Founded in 1982, Peerless Systems Corporation historically licensed imaging and networking technologies to the digital document markets, which include manufacturers of color, monochrome and multifunction office products and digital appliances. Effective April 30, 2008, Peerless sold its imaging and networking technologies and certain other assets to Kyocera Mita Corporation. Peerless retains the rights to continue licensing these technologies to customers in the digital document markets. Peerless intends to use its cash on hand to explore investment opportunities that it believes will enhance stockholder value.
PRLS News:
August 27 - Peerless Systems Corporation Announces Self Tender of up to $45 Million of Its Outstanding Shares at $3.25 Per Share
Peerless Systems Corporation (Nasdaq: PRLS), a provider of imaging and networking technologies to the digital document market, announced today that it intends to commence a public tender offer to repurchase from its stockholders up to $45 million (or approximately 13.85 million shares) of its common stock at a price of $3.25 per share in cash.
Two years ago, the Company's Board of Directors was reconstituted in order to ensure that Peerless was focused on enhancing stockholder value. At that time, Peerless' common stock was trading at approximately $1.80 per share and the then current CEO presented the Board with a proposed budget that projected an operating LOSS in fiscal year 2009 of approximately $9 million.
Since then management, with significant oversight by Timothy Brog, the Chairman of the Board, and the other directors, refocused the Company and was able to preserve, and then increase, capital, and maximize stockholder value for Peerless' stockholders.
These results were achieved through initiatives such as:
* Terminating money losing projects that would have consumed a significant amount of Peerless' cash;
* Negotiating an exit from a 10 year lease that was costing the Company approximately $1.5 million per year;
* Reducing office space from over 50,000 square feet to approximately 2,000 square feet;
* Slashing the head count from 27 to 4;
* Generating a pre-tax profit in excess of $10 million on our investment in Highbury Financial;
* Reducing accrued liabilities by restructuring licenses with third parties;
* Executing perpetual licenses with customers;
* Negotiating the early release of escrowed funds from the sale of our assets to Kyocera Mita Corporation;
* Adding a new customer for the first time in many years; and
* Eliminating unnecessary expenses and generating significant free cash flow in each of the past two years.
Timothy E. Brog, Chairman of Peerless' Board of Directors, said, "Peerless will continue to execute its publicly announced strategy. However, we are pleased to be able to offer the opportunity for liquidity to stockholders who desire to sell some or all of their shares." As for the future of Peerless, Mr. Brog added, "For those stockholders that decide to retain some or all of their shares, we intend to continue to focus on delivering value by seeking acquisitions and maximizing the value of our historical licensing business."
The tender offer will afford tendering stockholders liquidity for some or all of their shares and will permit them to have their shares repurchased at a 14.4% premium over the closing price per share of $2.84 on August 26, 2010, the last full trading day before the date of this announcement. Stockholders who elect not to tender their shares in the offer will increase their relative percentage ownership in Peerless following completion of the offer.
Mr. Brog has informed the Company that he does not intend to tender any of his shares. Bandera Partners and Caburn Management, which beneficially own approximately 22.5% and 2.0% of the Company's outstanding shares, respectively, have agreed to tender all of their shares in the offer.
At the closing of the tender offer, Gregory Bylinsky, a representative of Bandera, and Eddie Ramsden, a representative of Caburn, will resign as directors of the Company and Eric Kuby, a representative of North Star Investment Management Corporation, which beneficially owns 351,547 shares of Peerless common stock, will be appointed as a new a director. North Star does not intend to tender any of its shares. If Bandera owns less than 450,000 shares following the closing of the tender offer, Robert Frankfurt will be appointed to the Board. Jefferson Gramm, Bandera's other Board representative, will resign if Bandera owns less than 360,000 shares following the closing of the tender offer. Background information regarding Messrs. Kuby and Frankfurt is included in the Company's Form 8-K filed with the Securities and Exchange Commission today.
The Company intends to commence the tender offer as soon as practicable and it will remain open for at least 20 business days. Under the terms of the offer, stockholders may tender all or a portion of their shares. Neither Peerless nor its Board of Directors anticipates making any recommendation to stockholders as to whether to tender or, if so, how many shares to tender. The tender offer is subject to market, economic and business conditions affecting the Company and other customary conditions set forth in the Offer to Purchase and related Letter of Transmittal documents to be sent to the stockholders. Tenders of shares must be made on or prior to the expiration of the tender offer and shares may be withdrawn at any time on or prior to the expiration of the tender offer. If the offer is oversubscribed by stockholders, the Company will purchase shares on a pro rata basis in accordance with the number of shares tendered.
Further information regarding these matters is included in the filings made by the Company with the Securities and Exchange Commission today, including the Current Report on Form 8-K.
GO SOLAR USA INCORPORATED (OTC: GSLO)
"Up 23.86% 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 27 - GoSolarUSA Funds the Development of PREEcharge for iPAD and Kindle
Agreement Entitles GSLO to Future PREEcharge Income From the iPAD and Kindle Applications
GoSolarUSA (OTC: GSLO) announced that management has inked another groundbreaking deal with PREE Corp to configure its proprietary PREEcharge technology for use with the iPAD and Kindle. On Monday, GSLO President Tyson Rohde met with the PREE team to discuss the patent application, development and future capital needs for the commercialization of PREEcharge technology. By Friday they had reached another deal.
“I was blown away by the potential of this new technology,” stated Tyson Rohde, President of GoSolarUSA. “The engineers and business development team at PREE are doing something profound, and I think people will understand its value fast.”
The PREEcharge technology captures electrons from LAN and Bluetooth waves and converts it into power to recharge batteries for wireless devices. The technology also incorporates a small solar panel to augment the charge with solar energy. To date, the entire product development has been focused on configuration for use with smaller wireless devices such as Apple’s (Nasdaq: AAPL), iPhone, Google’s (Nasdaq: GOOG) Android, and Research in Motion’s (Nasdaq: RIMM) BlackBerry. Now with the funding from GoSolarUSA, PREE will be able to accelerate the development of the PREEcharge for use with wireless PC tablets.
“Why are the iPAD, Kindle and other PC tablets ideal for the PREEcharge?” asked Mr. Rohde. “The answer is simple,” he continued. “The surface area of an iPhone is 10.39 square inches, and the surface area of an iPAD is 71.41 square inches. More surface area means bigger circuit boards, more antennas for receiving wireless signals, and ultimately a lot more power. In fact, if this proportion holds, the PREEcharge could have the potential to generate seven times more power for the iPAD than it makes for the iPhone,” he concluded.
According to Apple, users can run the iPAD for up to 10 hours while surfing the web on Wi-Fi, watching videos, or listening to music. With the PREEcharge technology, it is expected that battery life can be substantially increased to meet the high power needs of today’s tablet PC users.
The wireless tablet PC market is expected to grow at alarming rates in the coming years. While 305.8 million units shipped worldwide in 2009, Gartner forecasts 2010 shipments to reach 366.1 million units, with spending reaching $245 billion — an increase of 12.1 percent over 2009 spending.
Further, the tablet PC space, rejuvenated by the Jan. 27 introduction of the Apple iPad, is being reconsidered by many, according to Gartner, and 2010 could see shipments of up to 10.5 million “tablets and next-generation tablet devices” worldwide. Technology researcher, Gartner, delivers technology research to global technology business leaders to make informed decisions on key initiatives.
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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