Hong Kong Highpower Technology Concludes Successful 2009 Supplier Conference
January 04 2010 - 7:00AM
Marketwired
Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ), a leading
developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related
products, announced today that it recently concluded a successful
supplier conference, which saw more than 150 suppliers in
attendance.
"Maintaining outstanding supplier relationships has been a key
part of our success in 2009," said George Pan, Chief Executive
Officer of Hong Kong Highpower Technology, Inc. "The conference was
instrumental for enhancing information exchange, resource sharing
and the timely response to any possible risks within the supply
chain. In addition, the conference laid the foundation for HPJ's
future penetration of additional market opportunities including
green power for electric vehicles, large-scale energy storage
devices, and integrated power systems."
As previously announced in the Fall, Hong Kong Highpower
Technology continues to rank as the second largest net exporter of
Ni-MH batteries in China. It was also noted that the Company's
Lithium-ion battery, which will be a key driver in the Company's
growth into the green power arena, received favorable comments from
its customers in every industry and also received the designation
of "Recommended Power Products" from the China Bluetooth Industry
Association and Shenzhen Computer Industry Association.
Hong Kong Highpower is also pleased to announce it is
cooperating with various academic groups and associations on
products including the China Industrial Association of Power
Sources, China Council for The Production of International Trade,
and the Guangdong GPS Industry Association.
Lastly, Hong Kong Highpower was able to execute development and
strategic purchasing agreements with a number of partners as a
result of this Conference, which should be a driver of the
Company's success in the New Year.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower Technology develops, manufactures and
markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion
(Li-ion) batteries and related products for use in a variety of
electronic devices. The majority of Hong Kong Highpower
Technology's products are distributed worldwide to markets in the
United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
For more information, visit www.haopengbattery.com.
To be added to the Company's email distribution for future news
releases, please send your request to HPJ@finprofiles.com. Company
news can also be found at
http://ir.haopengbattery.com/en/introduce028.html.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995 that are not historical
facts. These statements can be identified by the use of
forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or
"anticipate" or the negative thereof or comparable terminology, and
include discussions of strategy, and statements about industry
trends and the Company's future performance, operations and
products. Such statements involve known and unknown risks,
uncertainties and other factors that could cause the Company's
actual results to differ materially from the results expressed or
implied by such statements. For a discussion of these and other
risks and uncertainties see "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's public filings with the SEC. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. The
Company has no obligation to update the forward-looking information
contained in this press release.
Media and Investor Inquiries: Henry H. Ngan Chief Financial
Officer +1-917-887-0614 Email Contact Financial Profiles, Inc.
Tricia Ross (310) 277-4711 Email Contact
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