Easy Energy, Inc. (Easy Energy) has finalized and executed an agreement with a Chinese manufacturing firm to start the mass production of its YoGen hand-powered charger. The company expects the first assembly pilot run of 100 units to start on March 11, 2009. This will be followed by an assembly pilot run of 1000 units beginning on March 27, 2009. The mass production of the two models is likely to be started on April 9, 2009.
We are very pleased to have executed this manufacturing agreement with a firm we are confident will uphold the high standards of product excellence we are demanding for the YoGen charger, stated Guy Ofir, chief executive officer of Easy Energy. This constitutes another important step in the process of Easy Energy’s transition from status as an R & D company to a profitable, rapidly growing producer of a product suite for which, our research indicates, there is a vast demand in the marketplace. We will be continuing to provide progress updates as we proceed toward our April mass production target date for our YoGen charger.