Boston, MA 05/29/2013 (wallstreetpr) – In Tuesday’s trading session, shares of iGo, Inc (NASDAQ:IGOI) rose by 5.22%. The opening price $2.30 touched an intraday high of $2.55 before dipping to $2.30 per share. More than 0.792M shares were traded in Tuesday’s trading session which was higher than the average volume of 0.160M that was measured over a period of 30 days.
Incorporated in August 1996, iGo, Inc (NASDAQ:IGOI) is involved in the designing and development of products that are used in mobile electronic devices. Its product offering largely consists of audio, batteries, power and protection solutions that are used in mobile electronic devices. iGo, Inc (NASDAQ:IGOI) sells its products to various resellers like Microcel, retailers like RadioShack, Walmart and Office Depot. The products are also sold to private label resellers like Belkin as well as directly to end users via its Aerial7 and iGo.com websites. The company’s iGo Green technology is the focus of iGo, Inc (NASDAQ:IGOI)’s power management solutions. Surge protectors and laptop chargers are its iGo Green products which use the Company’s technology. Power products sales represented around 79%, of iGo, Inc (NASDAQ:IGOI)’s total revenue in the year that ended 31 December 2011.
Via iGo, Inc (NASDAQ:IGOI)’s relationship with Pure Energy Solutions, it markets and distributes Pure Energy rechargeable alkaline batteries to its retailers across the world, with the exclusion of China. In Africa, the company has non-exclusive distribution rights. The RAMcell batteries are precharged. Around 3 billion single-use alkaline batteries are sold on an annual basis in the United States. Battery products sales represented around 5% of Via iGo, Inc (NASDAQ:IGOI)’s total revenue in 2011. 2011.
