InfoSonics Introduces Economical LTE Smartphone;
The verykool® SL4500 ‘Fusion’
SAN DIEGO, March 23, 2015 – InfoSonics Corporation (NASDAQ: IFON) today announced the availability of its new verykool® Fusion SL4500 – a budget 4G LTE 4.5-inch smartphone equipped with multiple LTE bands optimized to run on every major U.S. GSM carrier.
“We are excited to be able to deliver a fast 4G LTE model with 3 LTE bands complete with a Snapdragon 1.2GHz Quad-Core processor and 8-megapixel dual-LED flash with front-facing camera at an affordable price,” said Joseph Ram, InfoSonics president and chief executive officer. “Fusion keeps InfoSonics at the forefront of providing operators, retailers and consumers with full-featured phones at great value price points. The idea behind this product is to create an offering that can help operators with the migration from 3G to LTE. To date, most of the LTE products available to both consumers and operators have been high end, high cost devices. The Fusion brings the LTE experience to broader socio-economic groups and successfully delivers design, performance and value.”
InfoSonics noted the following additional details of the SL4500:
· 11 bands of operation: 4 GSM bands, 3 4G bands and 4 LTE bands (Band 2, 4 , 17/12)
· Android 4.4 KitKat (upgradable to Lollipop)
· 1 GB RAM, 8 GB ROM, external storage via microSD up to 64 GB
· 2,000 mAh Li-Ion battery
· Ships with verykool app suites that include the verykool device care management and the verykool app
· Fully accessorized. Includes: Semi-transparent clear gel smart cover case, screen protector, stereo headset, travel charger and microUSB data cable.
The verykool® SL4500 is available as a dual SIM or single SIM operators’ version. Suggested retail price: $159 (U.S.). To learn more about the device, visit our verykool® website at http://www.verykool.net/<wbr />Products/SL4500
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 SL4500 handset; (2) our ability to continue to differentiate our products, including the SL4500, 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. 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.
Note: All trademarks and copyrights other than InfoSonics and verykool are property of their respective owners.