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Last updated on April 19, 2014 at 17:21 EDT

World Mobile Holdings, Inc. Receives $10M Order for Lithium-Iron (LiFePO4) Batteries

September 6, 2012

NEW YORK, Sept. 6, 2012 /PRNewswire/ — World Mobile Holdings, Inc. – (OTC – WMHI), a global leader in developing Image Transmission Devices (ITD), Lithium-Iron (LiFePO4) Battery Modules, and Solutions Integration for major wireless carriers around the world, is pleased to announce that the company has received a $10 million order for Lithium-Iron (LiFePO4) Battery modules from Linkcon Power Co., Ltd (Shenzhen, China). The first shipment will be delivered by the end of November 2012, to be completed by May 2013.

“We are proud to announce this news to our shareholders and potential investors. This order from Linkcon Power is a great milestone for World Mobile, not only because we are entering the green energy market in China, but also Japan, Europe & North America,” commented Jason Hu, Board Chairman and CEO of World Mobile. “We are expecting to expand the Lithium-Iron (LiFePO4) Battery market in China and to start marketing our products in Japan, Europe & North America later this year. The Chinese government is moving towards a green energy era after the 18th National Congress of the Communist Party of China. The potential market for batteries moving from the old Lead-Acid technology, to the new state-of-the-art and environmentally friendly, Lithium-Iron (LiFePO4) batteries, just in the field of data centers alone in the U.S. will be about 6 Giga-watt-hours.”

About World Mobile Holdings Inc:
World Mobile Holdings, Inc. provides effective processed system, and customized systems integration, such as, integration of Surveillance Systems & Multimedia Signage, integration of Lithium-Iron Battery (LiFePO4) Modules, and systems for nursing & medical centers. Cooperating with the world’s leading wireless operators, World Mobile’s B to B business model has valuable assets to assist the major wireless operators around the world in fulfilling their needs of 3.5G and 4G / 5G wireless information services in order to satisfy their customers.

For more information, please contact:
World Mobile Holdings Inc.
Ms. Samantha Jen
917-675-3188; samanthajen@worldmobileholdings.com
www.worldmobileholdings.com
Network 1 Financial Securities, Inc.
Keith Testaverde
The Galleria, Penthouse
2 Bridge Avenue, Building 2
Red Bank, NJ 07701
(732) 758-900
www.network1financial.com
Member FINRA, SIPC

Safe Harbor:
Certain statements in this news release are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “future,” “intends,” “may,” “plans,” “should,” “will,” and similar.

SOURCE World Mobile Holdings, Inc.


Source: PR Newswire