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SOURCE InfoSonics Corporation
SAN DIEGO, May 21, 2014 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® s505 smartphone, the most dynamic mobile handset the company has offered to date.
The s505, nicknamed the "Spark," has an ultra high-end design. It is powered by a 1.3 GHz quad core processor and is equipped with the Android 4.2 (Jelly Bean) operating system. The phone will be upgradable to Android 4.4 (KitKat) in the near future via a partnership with Red Bend Software, the market leader in mobile software management.
The Spark sports a 5-inch HD IPS-LCD, on-cell touch screen with full lamination, an 8mm ultra slim profile and is being offered at a suggested retail price of $199. In addition to providing a comprehensive set of features, the Spark is the first smartphone to come preloaded with the Personal Safety Services application from MobileTREC, which allows texting to 911 and immediate deployment of emergency help across multiple contacts when personal safety is at risk.
"We understand that the future of the industry is dependent upon our ability to offer robust applications that provide tools and resources that are important for our work and daily lives," said Joseph Ram, InfoSonics president and chief executive officer. "We are on the forefront of this trend as exemplified by partnering with MobileTREC to bring their patented safety platform to verykool users. We believe our goal to provide the best value to our customers is met by the Spark, which combines smart functionality with an elegant design and one of the most advanced safety features available--all at a very affordable price."
MobileTREC provides a family of next-generation mobile safety technology and services. According to MobileTREC, their system is the only true platform that allows users to text to 911, offering a quick emergency response method in case of danger. In addition to one-touch response, there's a single help button to push in case of a crisis. Other features include a family locator with GPS tracking capabilities, mobile intelligence indicating danger and safe zones before you enter and personalized safety network alerts for friends and family. Customers who purchase the s505 Spark can enjoy a free 30-day trial of MobileTREC's safety platform to experience firsthand the many features of these important Personal Safety Services.
InfoSonics noted the following additional details of the s505:
The verykool® s505 is available now in two versions: a single SIM version for operator customers and a dual SIM (unlocked) version for the open market. Suggested retail price: $199 (U.S.). To learn more about the device, visit our verykool® website at http://www.verykool.net/Products/s505
About InfoSonics Corporation
InfoSonics is a San Diego-based designer, manufacturer and provider of wireless handsets and related products to OEMs, carriers, distributors and consumers in the United States, Latin America, Europe, Africa and Asia Pacific. The company is committed to delivering quality products with innovative industrial designs that appeal to consumers and offer exceptional value. InfoSonics sells and supports its own line of products under the verykool® and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and www.verykool.net.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believes," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates" and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and our actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include, without limitation: (1) customer acceptance of the new s505 handset; (2) our ability to continue to differentiate our products, including the s505, from the competition; (3) significant changes in supplier terms and relationships or shortages in component or product supply; (4) extended general economic downturn in world markets; (5) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (6) inability to attract new sources of profitable business from expansion of products or services or risks associated with entry into new markets, including geographies, products and services; and (7) rapid product improvement and technological changes leading to changes in consumer demand for multimedia wireless handset products and features. In addition, statements regarding the MobileTREC system are attributable to MobileTREC, are the responsibility of MobileTREC, and have not been independently verified by InfoSonics. Reference is also made to other factors detailed from time to time in our periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
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