SAN FRANCISCO and SHENZHEN, China, Dec.
17, 2014 /PRNewswire/ -- Highpower International, Inc.
(NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium
and nickel-metal hydride (Ni-MH) rechargeable batteries, and a
battery management systems and battery recycling provider, today
announced that Huizhou Highpower Technology Ltd., Highpower
International's wholly-owned subsidiary, officially qualified for
addition to Samsung's supply chain as a supplier of lithium-based
battery products.
The Samsung team commented, "Highpower International is one of
the world's leading lithium battery manufacturers with distinct
advantages in technology, cost and quality control. After a
comprehensive evaluation covering a wide spectrum of manufacturing
capabilities and compliances, we believe Highpower International's
Huizhou subsidiary is capable of
producing high quality products for Samsung. Highpower is a fast
developing international company and we welcome them to be part of
our supply chain."
Mr. George Pan, Chairman and
Chief Executive Officer of Highpower International, stated, "We
have continued to expand our capabilities at Highpower's
Huizhou facility, with new and
advanced production lines for lithium battery products. In
addition, we have remained at the forefront of improving our
manufacturing processes customized for large scale customers. We
are pleased to have passed Samsung's requirements as a product
manufacturer and supplier, which we feel is a strong verification
of both our flexibility and capability to cover a wider spectrum of
products at a global reach. With sufficient capacity potential and
state-of-the-art equipment and technologies, we are very confident
our new Huizhou facility has the
capability to produce superior products for world-class customers
in the years to come."
About Highpower International, Inc.
Highpower International was founded in 2001 and produces
high-quality Nickel-Metal Hydride (Ni-MH) and lithium-based
rechargeable batteries used in a wide range of applications such as
smart phone, tablet computer, personal computer, electric buses,
bikes, energy storage systems, power tools, medical equipment,
personal care products, and lighting. Highpower's target customers
are Fortune 500 companies, and top 10 companies in each vertical
segment. With advanced manufacturing facilities located in
Shenzhen, Huizhou, and Ganzhou of China, Highpower is committed to clean
technology, not only in the products it makes, but also in the
processes of production. The majority of Highpower International's
products are distributed to worldwide markets mainly in
the United States, Europe, China
and Southeast Asia.
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 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, including, our ability to successfully
expand sales of our lithium battery product in the mobile device
market and our ability to effectively compete in that market. 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.
CONTACT:
Highpower International, Inc.
Sherry Chen
+86-755-8968-6521
ir@highpowertech.com
INVESTOR RELATIONS:
The Equity Group Inc.
In China
Katherine Yao, Associate
+86-10-6587-6435
kyao@equityny.com
In U.S.
Adam Prior, Senior Vice
President
(212) 836-9606
aprior@equityny.com
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SOURCE Highpower International, Inc.