Highpower Receives Lithium-Ion Battery Systems Order for Electric Wheelchairs and Golf Carts
May 10 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 its
lithium-ion battery systems through its newly established
subsidiary Icon Energy System (Shenzhen) Co., Ltd. (Iconergy). The
order has been placed by a French distributor for 400 units to be
used for electric wheelchairs and 100 units used to be used for
golf carts.
Iconergy, a wholly owned subsidiary, was formed by Highpower in
February 2011 with the purpose of researching, designing, producing
and marketing high capacity battery and power management systems
targeting the emerging sectors of transportation, wind and solar,
and high-level energy storage equipment.
"We are pleased to enter this new, higher-end market with a
substantial order from an International distributor. One of our key
growth initiatives has been to broaden our product offerings to
penetrate emerging areas such as transportation where there is
already an established need for cleaner batteries," said George
Pan, Chief Executive Officer of Highpower International, Inc.
"Highpower will continue to benefit from the trend of increased
demands for clean batteries in industries traditionally held by
toxic lead-acid batteries."
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 devices and
equipment including wireless communications, electronics, lighting,
backup power, electric tools, and transportation, etc. 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,"
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"anticipate" or the negative thereof or comparable terminology, and
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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
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