Adapt-Mobile Ltd is acquired by iGO Inc
August 10th, 2010
iGo® Announces Acquisition of Adapt Mobile Ltd.
SCOTTSDALE, AZ, August 10, 2010 – iGo, Inc. (Nasdaq: IGOI), a leading provider of ecofriendly
power management solutions, today announced the acquisition of Adapt Mobile Ltd., a
London-based marketer of a broad range of accessories for mobile electronic devices. The
acquisition expands iGo’s European sales presence and increases its product offerings for fastgrowing
categories within the mobile accessories space.
Adapt Mobile’s best-selling items include its award-winning mini-projectors (also known as pico
projectors) that attach to mobile electronic devices for displaying video, as well as a variety of
skins, cases, chargers and screen protectors for mobile electronic devices. Additional information
about Adapt Mobile’s products can be found at www.adapt-mobile.com.
Adapt Mobile’s products are available through retailers in Europe, as well as distributors that target
the enterprise, government, and education markets. Adapt Mobile is currently generating
annualized revenue of approximately $2.0 million.
“The acquisition of Adapt Mobile provides a number of synergies that we believe will help us
profitably grow iGo,” said Michael D. Heil, President and Chief Executive Officer of iGo. “Adapt
Mobile has effectively grown its business with limited financial support and distribution
capabilities. With our strong balance sheet and established sales organization, we believe we can
increase the penetration of Adapt Mobile’s products throughout Europe. Adapt Mobile also gives
us exposure to emerging, fast-growing product areas that we believe can be successful both in
Europe and the United States.”
About iGo, Inc.
iGo, Inc., based in Scottsdale, Arizona, is a leading provider of power management solutions,
including eco-friendly chargers, and accessories for laptop computers and mobile electronic devices
(e.g., mobile phones, PDAs, digital cameras, etc.). iGo is also the creator of the new, innovative
patent-protected power saving technology, iGo Green® Technology, that automatically eliminates
wasteful and expensive standby or “vampire” power that is generated from chargers continuing to
draw electricity when a mobile electronic device no longer requires charging or is disconnected
from the charger. iGo’s chargers also leverage iGo’s intelligent tip technology, which significantly
minimizes electronic waste by enabling one charger to charge hundreds of brands and thousands of
models of mobile electronic devices through the use of interchangeable tips. In addition to iGo’s
innovative power management solutions, iGo continues to add new, novel mobile electronic
accessories consistent with its vision to attach its products and technology to every mobile
electronic device.