New Distributor Expected to Increase Penetration of Germany, France, Eastern
Europe and Select Countries in the Middle East
SCOTTSDALE, Ariz., Oct. 31 /PRNewswire-FirstCall/ -- Mobility Electronics,
Inc. (Nasdaq: MOBE), a leading provider of innovative portable power and
computing solutions for the mobile electronic device user, announced today
that DICOTA GmbH, a leading international manufacturer of mobile computing
equipment, has signed an agreement to begin distributing Mobility's iGo
EverywherePower(R) 7500 Series universal power adapter for portable computers.
The iGo EverywherePower 7500 is a combination AC/DC power adapter that is
compatible with approximately 90% of the notebooks on the market today.
Based in Germany, DICOTA works with 9 subsidiaries and more than
40 distribution partners to distribute mobile computing equipment. DICOTA
will market the iGo EverywherePower 7500 under the name Power Swap 90 to
corporate and retail channels mainly in Germany, France, Eastern Europe and
select countries in the Middle East.
"We believe that DICOTA will be an excellent complement to our existing
international distribution network," said Charlie Mollo, CEO of Mobility
Electronics. "For more than a decade, DICOTA has been a valued provider of
innovative mobile accessories to corporations and retailers worldwide.
Industry analysts project that portable computer shipments in Europe will
increase at a strong double-digit rate for the next several years, which
creates an excellent market opportunity for our power adapters. Expanding our
international distribution network is a key element of our growth strategy,
and we believe our relationship with DICOTA will be instrumental in driving
increased sales in Europe and select countries in the Middle East."
DICOTA GmbH
One of the leading manufacturers in the area of mobile computing
equipment, DICOTA is specialized in high-quality, exclusive Notebook bags,
individual case solutions for the mobile office as well as all kinds of
accessories for the Notebook. DICOTA's strength lies in its unique
combination of functional series manufacturing and customer-specific projects.
The most important customers, in addition to its distributors and retail
dealers, are a number of customers out of the industry as well as leading
computer manufacturers. DICOTA has nine subsidiaries and cooperates with over
40 distribution partners worldwide. In addition to Europe, the main markets
are the USA and the Far East. Currently DICOTA has more than 70 employees, 25
of them in Germany.
About Mobility Electronics, Inc.
Mobility Electronics, Inc., based in Scottsdale, Arizona, is a designer
and developer of universal power adapters for high-power (e.g., portable
computers) and low-power (e.g., mobile phones, PDAs, digital cameras, etc.)
mobile electronic devices, and is also the creator of the patented intelligent
tip ("itips(TM)") technology. Mobility Electronics' iGo(R) brand offers a
full line of AC, DC and combination AC/DC power adapters for high- and
low-power mobile electronic devices. All these adapters leverage the
Company's itips technology, which enables one power adapter to power/charge
hundreds of brands and thousands of models of mobile electronic devices
through the use of interchangeable power tips.
The Company also offers hardware products for handheld devices; expansion
and docking products for servers, desktop and portable computers through its
MAGMA(TM) brand; and other accessories for the mobile electronic device
market.
Mobility Electronics' products are available at http://www.igo.com as well as
through leading resellers, retailers and OEM partners. For additional
information call 480-596-0061 or visit http://www.mobilityelectronics.com.
Mobility Electronics, iGo and iGo EverywherePower are registered
trademarks, and MAGMA and ... improving your mobile experience are trademarks
of Mobility Electronics, Inc. All other trademarks or registered trademarks
are the property of their respective owners.
This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements
relating to the company's revenue opportunities with DICOTA, anticipated
increases in shipments of portable computers in Europe over the next several
years, expected future sales in Europe and select countries in the Middle
East, and access to new corporate and retail outlets. These forward-looking
statements are based on management's current expectations and beliefs and are
subject to risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. In
particular, factors that could cause actual results to differ materially from
those in the forward-looking statements include the loss of, and failure to
replace, any significant customers, including DICOTA; a lower than expected
demand for our products in international markets; unanticipated difficulties
in complying with existing or evolving international laws, regulations and
standards; the timing and success of new product introductions; the
development and introduction of new products by us and our competitors; the
performance of suppliers and subcontractors; industry and general economic or
business conditions; and other factors detailed in our filings with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date made and are not guarantees of future performance. We undertake
no obligation to publicly update or revise any forward-looking statements.
CONTACTS:
Tony Rossi Julia Francis
FRB for Mobility Electronics Mobility Electronics, Inc.
310-854-8317 480-596-0061, ext. 386
trossi@financialrelationsboard.com jfrancis@mobl.com
SOURCE Mobility Electronics, Inc.
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Related links:
http://www.mobilityelectronics.com
http://www.igo.com
CONTACT:
Tony Rossi of FRB, +1-310-854-8317,
trossi@financialrelationsboard.com, for Mobility Electronics,
Inc.; or Julia Francis of Mobility Electronics, Inc.,
+1-480-596-0061, ext. 386, jfrancis@mobl.com
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