Have an iPhone? Use less than 500MB of data a month? Live in a select few regions? Then do I have some good news for you! A new upstart company based out of LA announced the launch of a preorder process for a new iPhone case which comes with a few perks. FreedomPop's iPhone case comes with 500MB of free 4G data using Clearwire's WiMAX network.

Not only will the iPhone case provide 500MB of free data for your iPhone, it can also boost the battery life of your device or share the connection through Wi-Fi hotspot functionality. The case will retail for $99, so if you cancel your data plan, the case will be paid for in just a few months. Even if you exceed the 500MB, each additional MB is just $0.01, or $10 a Gigabyte.

At this price, it is pretty much in line with what the carriers charge, so it's really a no-risk proposition. Additionally, users can earn up to 500MB extra for free through referrals and other programs. According to FreedomPop VP of Product Mauricio Sastre, "The timing couldn't be better for our product. Carriers are throttling data and increasing prices and users are desperate for affordable alternatives. As the mobile industry flexes its joint oligopolistic power, we want to ensure that we are keeping them honest."

To see if the service will be available in your area, you can visit the preorder page and enter your address. The device is expected to launch between July 1 and September 30, although preorders may receive their earlier than the actual release. The company is also supposed to be launching a beta soon.