|[December 23, 2013]
Incipio® and iGO® Announce Licensing Agreement
IRVINE, Calif. & SCOTTSDALE, Ariz. --(Business Wire)--
designer and manufacturer of award winning mobile device accessories,
and iGO, Inc. (OTCQB: IGOI), a provider of innovative accessories for
mobile devices, today announced a definitive licensing agreement.
Through the agreement, Incipio® will manage manufacturing, sales and
distribution of iGO® products.
"The agreement offers unique opportunities for both companies, and
Incipio looks forward to expanding our leadership and presence in the
mobile space," said Andy Fathollahi, Chief Executive, Incipio®.
iGO®, recognized for offering a wide-range of power solutions for mobile
devices, will be operated independently as a separate brand from
"iGO's mission and identity will remain the same, but the breadth and
reach of the company is significantly enhanced through this agreement,
and we are thrilled to have the support of Incipio® and their team,"
said Jack Howard, Chairman of iGO, Inc. "Incipio has the infrastructure
and talent to effectively promote and strengthen the iGO® brand and, in
adding new distributors around the world, to take iGO® mobile
accessories to a new level of market penetration."
The iGO® portfolio of products will continue to be available through
iGO's growing sales channels, and customers will see new iGO® products
launching in the coming months.
Incipio® continues to engineer state of the art, protective accessories
for the latest mobile devices across all major brands, including Apple,
Google, HTC, Kindle, LG, Microsoft, Motorola, Nokia (News - Alert), Samsung and Sony.
Through an untiring commitment to provide customers with innovative
mobile solutions, Incipio's products are sold in over 40,000 retail
locations worldwide. With these sales channels established by INCIPIO®,
iGO® product offerings will now be immediately available to one of the
industry's largest customer bases.
For the latest product news and announcements connect with Incipio on Facebook (News - Alert)
(facebook.com/incipio), Twitter (News - Alert) (twitter.com/myIncipio)
and Instagam @Incipio (http://instagram.com/incipio)
Incipio® is a Southern California based designer and manufacturer of
award winning mobile device accessories and technology. Established in
1999, Incipio® is widely recognized for consistently creating state of
the art protective solutions for the mobile world. Through an untiring
commitment to innovative and original designs, Incipio® is globally
recognized for the functional and premium accessories the brand
produces. Incipio's products are sold worldwide in leading consumer and
electronics retailers, mobile retailers and through www.incipio.com.
About iGO, Inc.
iGO, Inc. offers a full line of innovative accessories for almost every
mobile electronic device on the market. Whether a consumer wants to
power, protect, listen to, share, cool, hold or connect to their device,
iGO® has the accessories they need.
iGO® products are available at www.igo.com
as well as through Incipio's sales channels. For more information, visit www.igo.com.
iGO® has adopted a Rights Agreement to deter acquisitions of 4.9% or
more of iGO's common stock (subject to certain exceptions) by any group
or person in order to protect iGO's ability to utilize its net loss
carryforwards to reduce potential future federal income tax obligations.
This press release contains "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934. The words
"believe," "expect," "anticipate," "should," and other similar
statements of our expectation identify forward-looking statements. These
forward-looking statements are based largely on management's
expectations and involve known and unknown risks, uncertainties and
other factors, which may cause iGO's actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
these forward-looking statements. Risks that could cause results to
differ materially from those expressed in these forward-looking
statements include, among others, the sufficiency of iGO's revenue to
absorb expenses; our new dependence on Incipio® and its ability to
expand and diversify iGO's customer base and product offerings; iGO's
ability to expand its revenue base; fluctuations in iGO's operating
results because of: the timing of new product and technology
introductions and product enhancements relative to iGO's competitors,
market acceptance of iGO's products, the size and timing of customer
orders, the ability of Incipio® to effectively manage the production,
sales and distribution of iGO® products, product defects and other
product quality problems, the degree and rate of growth in iGO's markets
and the accompanying demand for iGO's products; decreasing sales prices
on iGO® products over their sales cycles; iGo's reliance on and the risk
relating to outsourced manufacturing fulfillment of iGO's products to
Incipio®; design and performance issues with iGO® products; liability
claims; iGO's failure to expand or protect its proprietary rights and
intellectual property; intellectual property infringement claims against
iGO®; increased competition and/or reduced demand in iGO's industry; and
iGO's failure to comply with domestic and international laws and
regulations; economic conditions, political events, war, terrorism,
public health issues, natural disasters and similar circumstances.
Additionally, other factors that could cause actual results to differ
materially from those set forth in, contemplated by, or underlying these
forward-looking statements are included in iGO's Annual Report on Form
10-K for the year ended December 31, 2012 under the heading "Risk
Factors." In light of these risks and uncertainties, the forward-looking
statements contained in this press release may not prove to be accurate.
iGO® undertakes no obligation to publicly update or revise any
forward-looking statements, or any facts, events, or circumstances after
the date hereof that may bear upon forward-looking statements.
Additionally, iGO® does not undertake any responsibility to release
publicly updates on any occurrence of unanticipated events which may
cause actual results to differ from those expressed or implied by these
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