New Energy Systems Group (NYSE Amex: NEWN) is a vertically integrated original design manufacturer and distributor of lithium-ion batteries and backup power systems for all major brand mobile phones, laptops, digital cameras, MP3s and other portable electronics. These include popular name brands such as iPhones, iPads and many others.
To date, virtually all of the company’s products have been sold into the growing Chinese market. Within China, the fast pace of new mobile device introductions combined with the country’s growing middle class should continue to generate strong organic growth for the company.
NEWN also recently began expanding its sales efforts to capitalize on large, growing and higher margin international markets. NEWN recently completed two accretive and strategically important acquisitions which will provide broader distribution, increased scale and greater production capacity. These acquisitions, combined with a new management team, have dramatically transformed and improved the business. As a result, NEWN expects to achieve at least $1.23 in adjusted earnings per share in 2010.
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