NEW YORK, Oct. 19, 2016 (GLOBE NEWSWIRE) -- Universal Power Industry Corporation (OTC:UPIN) majority owned subsidiary XPAL Technology today announced it has ordered its first prototype power banks to be marketed under the company’s licensed ENERGIZER (ENG) brand.
The production prototypes will consist of various power banks, generating between 8000mAh to 20000mAh. The prototypes will be produced by TennRich International (http://www.tennrich.com) of Taiwan. The company’s the first order will consist of 46,500 units with an estimated delivery date of December, 2016.
XPAL projects that the cost of manufacturing and delivery of its first order to be $580,000 dollars and generate gross revenue of $850,000 dollars producing an gross profit of 32% with an overall net profit of 14% ($119,000 dollars). The company projects a second production order to double in size from its initial order to be received January of 2017.
XPAL projects gross sales of their ENERGIZER (ENG) licensed brand will generate approximately $8,000,000 dollars in gross revenue for 2017 with a 13.5% net profit and $14,000,000 with a 13% net profit for 2018.
The company expects the ENERGIZER (ENG) power banks to be available in Best Buy, Staples, Sam’s Club, Home Depot and Walmart commencing in 2017.
About Universal Power Industry Corporation:
Universal Power Industry Corporation, is a multinational retail/wholesale distributor via its subsidiary XPAL Technologies (www.xpalpower.com) of all types of portable chargers (under license agreement with Energizer (ENG), which provide extra power for your business or personal use. The company also distributes exclusively the only patented double A battery operated emergency cell phone (SpareOne) of which is currently available at all AT&T and Target retail outlets and online such as (Walmart) and other vendors. The company also offers a wide range of smartphone backup power supply smartphone units via their innovative power solutions that features the most elegant designs, luxurious materials, and patented technologies to bring you a perfect combination of sophisticated beauty and smart simplicity. The company continues to pursue all of the latest power solutions for personal and commercial usage. Follow us on Facebook and Twitter for all our latest updates.
Statements contained in this release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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Source:Universal Power Industry Corporation