Leo Liao to succeed
Wen Liang Li as Chief Technology
Officer
SAN DIEGO and SHENZHEN, China, June
15, 2017 /PRNewswire/ -- Highpower International, Inc.
(NASDAQ: HPJ) ("Highpower" or the "Company"), a developer,
manufacturer, and marketer of lithium ion and nickel-metal hydride
(Ni-MH) rechargeable batteries, battery management systems, and a
provider of battery recycling, today announced that on June 12, 2017, the
position of Wen Liang Li was changed
from Vice President and Chief Technology Officer to Senior New
Energy Scientist, and the position of Wen
Wei Ma was changed from Vice President of Manufacturing to
Senior Manufacturing Equipment Specialist. Leo (Xing Qun) Liao was appointed as Chief Technology
Officer of Highpower, effective immediately. Mr. Liao has served as
an engineer, R&D Manager, Chief Engineer and Deputy General
Manager of Shenzhen Highpower since he joined Highpower in 2003,
and most recently, he served as the
Head of the Company's Research institute and Shenzhen Highpower's
General Manager. Mr. Liao received his Master and BA degrees in
Central South University.
Mr. George Pan, Chairman and CEO
of Highpower International, commented, "We welcome Leo as our new
Chief Technology Officer. We are confident that his professionalism
and deep expertise in the industry will fuel the growth and
development of Highpower. On behalf of Highpower, we thank
Wen Liang Li and Wen Wei Ma for their services and
accomplishments in the past decade, and we believe that they will
continue to contribute to Highpower's future growth in their new
positions as specialists. In
the past sixteen years, Highpower has built a respectable
reputation in the industry and recruited and trained many young
leaders with solid experience and industry expertise. With the
success of our growth strategy implementation, we are seeing
increased demand for our products from brand clients in different
applications. Senior talent are critical for us in order to satisfy
our large corporate customers and execute on our expansion plan
with expertise in advanced technology and management philosophy. We
believe Highpower will be able to grow faster with more
inspirational innovative and
capable leaders."
Following the change, Wen Liang Li and
Wen Wei Ma will not take any
management responsibilities. Wen Liang
Li will remain as a member of the technology team and remain
as a board member of the Company. He will work as a
Senior New Energy Scientist to
provide guidance and support on the technology front and
participate in major R&D projects. In addition, Wen Wei Ma, who was mainly in charge of
equipment department in the past, will serve as a Senior
Manufacturing Equipment Specialist.
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, etc. Highpower's target customers are Fortune 500
companies and top 20 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.
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, without limitation, fluctuations in the cost
of raw materials; our dependence on, or inability to attract
additional, major customers for a significant portion of our net
sales; our ability to increase manufacturing capabilities to
satisfy orders from new customers; our ability to maintain
increased margins; our dependence on the growth in demand for smart
wearable devices and energy storage systems, and other digital
products and the success of manufacturers of the end applications
that use our battery products; our responsiveness to competitive
market conditions; our ability to successfully manufacture our
products in the time frame and amounts expected; the market
acceptance of our battery solutions, including our lithium ion
batteries; and our ability to continue R&D development to keep
up with technological changes. 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.
Sunny Pan
Chief Financial Officer
Tel: +86-755-8968-6521
Email: ir@highpowertech.com
Yuanmei Ma
Investor Relations Manager
Tel: +1-909-214-2482
Email: ir@highpowertech.com
ICR, Inc.
Jessie
Fan
Tel: +1-646-931-0303
Email: ir@highpowertech.com
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SOURCE Highpower International, Inc.