SAN FRANCISCO and SHENZHEN, China, April
12, 2016 /PRNewswire/ -- Highpower International,
Inc. ("Highpower International" or "the
Company") (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 the Company
recently began to receive orders, and started shipping lithium
polymer batteries to DJI, a globally recognized manufacturer of
commercial and recreational unmanned aerial vehicles, or
drones.
Highpower International has received DJI's supplier
qualification approval and began to provide lithium polymer
batteries for its drones. The Company has provided its batteries
for use in DJI's Phantom 3 and Phantom 4 drone products and
Highpower expects to develop its relationship with DJI further
continuously.
Mr. George Pan, Chairman and
Chief Executive Officer of Highpower International, stated, "We are
pleased to have passed DJI'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. We have worked with the leaders in innovative
and developing technologies, including the expansion of drone
technology for recreational use and commercial enterprises.
Working with DJI is a significant milestone in Highpower's lithium
battery business development and represents a new and exciting
segment. As a world-leading drone brand, DJI is famous for
its cutting-edge technology and rigorous requirements for its
products and suppliers. Considering Highpower's comparative lithium
battery advantages and DJI's high-end technologies, we feel that
this is a mutually beneficial relationship that could grow over
time."
About DJI
DJI is a leading manufacturer of commercial and recreational
unmanned aerial vehicles for aerial photography and
videography. Headquartered in Shenzhen, widely considered China's Silicon Valley, DJI benefits from
direct access to the suppliers, raw materials, and young, creative
talent pool necessary for sustained success. Drawing on these
resources, the company has grown from a single small office in 2006
to a global workforce of over 3,000. Its offices can now be found
in the United States, Germany, the
Netherlands, Japan,
Beijing and Hong Kong. As a privately owned and operated
company, DJI focuses on its own vision, supporting creative,
commercial, and nonprofit applications of our technology.
Today, DJI products are redefining industries. Professionals in
filmmaking, agriculture, conservation, search and rescue, energy
infrastructure, and more trust DJI to bring new perspectives to
their work and help them accomplish feats safer, faster, and with
greater efficiency than ever before.
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
electric buses, bikes, energy storage systems, power tools, medical
equipment, digital and electronic devices, 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, Senior 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.