Hong Kong Highpower Technology, Inc. Receives Two Honors From Industry Trade Association
February 16 2010 - 6:00AM
Marketwired
Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ), a leading
developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related
products, announced today that it was recently awarded the honors
of "Excellent Associator Unite from 2005 to 2009"and "Excellent
Exporter Enterprise from 2005 to 2009" from the China Industrial
Association of Power Sources (CIAPS).
The China Industrial Association of Power Sources is the biggest
professional battery association in China. Since 2005, Hong Kong
Highpower has annually been awarded the title of "Top Hundred
Enterprises of the Battery Industry in China" by CIAPS. In 2009,
Hong Kong Highpower ranked as the second largest net exporter of
Ni-MH batteries in China according to a report issued by the
CIAPS.
"We are pleased to be recognized by our peers and colleagues
with these awards. Our advancement to the second largest net
exporter of Ni-MH batteries in China reflects our continued
successful efforts to increase market share," said George Pan,
Chief Executive Officer of Hong Kong Highpower Technology, Inc.
About CIAPS
The China Industrial Association of Power Sources (CIAPS) was
founded in 1989 and is the biggest professional battery association
in China. It has six branches, including: alkaline battery and new
type chemical power sources; lead acid storage battery; lithium
battery; dry cell; physical power sources; and, accessory and
equipment for batteries. CIAPS has more than 310 members involved
in the development, manufacture, sales, or marketing of batteries
and power supplies. "Solidarity, Friendship, Competition and
Development" are the spirit of CIAPS. Serving as the bridge between
the government and enterprise, CIAPS has accomplished projects
issued by the Chinese government, as well as promoted international
exchange and cooperation in the battery field.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower Technology 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 Hong Kong Highpower
Technology's products are distributed worldwide to markets in the
United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
For more information, visit www.haopengbattery.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.
Media and Investor Inquiries: Henry H. Ngan Chief Financial
Officer +1-917-887-0614 Email Contact Financial Profiles, Inc.
Tricia Ross (310) 277-4711 Email Contact
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