IGo® And Texas Instruments To Collaborate On An IGo Green® Chip
iGo, Inc. (Nasdaq: IGOI), a leading provider of eco-friendly power management solutions and mobile electronic device accessories, today announced that it is collaborating with Texas Instruments on the development of an integrated circuit to help implement iGo’s patented iGo Green Technology.
iGo Green Technology is an innovative new power-saving technology that virtually eliminates wasteful and expensive standby power, or “vampire power,” which results from chargers continuing to draw electricity when a mobile electronic device no longer requires charging or is disconnected from the charger.
iGo intends to utilize the integrated circuit for use in its own products once the development is completed, which is expected to take approximately one year. In addition, iGo intends to make the new chip available to OEMs that want to reduce the consumption of vampire power in the power supplies shipped with their products.
“Working with a premier semiconductor company like Texas Instruments is a significant step in further commercializing our iGo Green Technology,” said Michael D. Heil, President and Chief Executive Officer of iGo, Inc. “We believe that putting iGo Green Technology on a chip will enhance our ability to partner with laptop and mobile electronic device OEMs on the adoption of this unique eco-friendly technology for their own power solutions. In addition, utilizing an integrated chip will also reduce the manufacturing cost of our own iGo Green products, which we expect to have a positive impact on our gross margin.”About iGo, Inc. iGo offers a full line of innovative accessories for mobile electronic devices, including a variety of proprietary power, protection and audio solutions. iGo’s unique products allow consumers to enjoy all of the features offered by today’s mobile electronic devices by keeping those devices powered and protected at all times. In addition, iGo’s audio and visual products offer consumers enhanced options for hearing and viewing all of the powerful multimedia functions offered by the latest mobile electronic devices to hit the market. iGo also offers an award-winning line of eco-friendly power solutions based on its patented iGo Green ® Technology which automatically eliminates wasteful and expensive standby or “vampire” power. Expanding on the company’s history of innovation, iGo continues to regularly introduce fresh new solutions to the ever changing mobile electronics device market, making the use of such devices easier and more efficient for consumers.
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