China In-Focus: New Energy Systems Receives $2.2 Million Battery Purchase Order

(Comment on this article at http://www.financialwire.net/2009/12/03/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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