Highpower International Announces Initial Order for Nokia's Bluetooth Product Line
March 24 2011 - 7:00AM
Marketwired
Highpower International, Inc. (NASDAQ: HPJ),
a developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium-ion (Li-ion) batteries and related products,
today announced that it has received an initial order for 60,000
Li-ion battery units from a third-party manufacturer of Nokia's
Bluetooth products. The estimated order potential for this specific
product could range from 500,000 to 1,000,000 units in calendar
year 2011 depending on market demand.
"Providing Highpower's advanced Li-ion batteries to a Nokia
authorized manufacturer is further validation of our superior
product performance and quality," said George Pan, Chairman and CEO
of Highpower International, Inc. "It is indicative that we are
becoming more competitive at the international level in placing our
batteries in many next generation consumer electronics products. We
plan to continue to grow our Li-ion market share around the globe
by supplying our batteries to renowned, world-class brands both
directly and indirectly."
About Highpower International, Inc.
Highpower International, Inc. 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 Highpower International's products are
distributed worldwide to markets in the United States, Europe,
China, Hong Kong, Taiwan, Southeast Asia and South America. For
more information, visit http://www.highpowertech.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.
Financial Profiles, Inc. Tricia Ross +1-916-939-7285 Email
Contact
Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jul 2023 to Jul 2024