Highpower International Subsidiary -- Shenzhen Highpower Technology Co. Ltd. -- Passes SA8000(R) Certification
March 08 2013 - 6:00AM
Marketwired
Highpower International, Inc. (NASDAQ: HPJ),
a developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium rechargeable batteries and battery solutions,
today announced that its wholly-owned subsidiary, Shenzhen
Highpower Technology Co. Ltd, has passed the SA8000® standard and
has received certification from Social Accountability International
(SAI). SA8000® is an auditable certification standard, modeled on
ISO standards, that encourages organizations to develop, maintain,
and apply socially acceptable practices in the workplace.
"We remain committed to being a leading world-class provider of
cleaner energy sources," stated Mr. George Pan, Chairman and Chief
Executive Officer of Highpower International. "Receiving SA8000®
certification demonstrates Highpower's commitment to our people and
our ability to meet international standards on corporate social
responsibility. We believe a sustainably successful company must
provide quality social benefits to its employees, who are
ultimately the cornerstone of our long-term success."
About SAI and SA8000
SAI is a non-governmental organization whose mission is to
advance the human rights of workers in the world. SA8000® is a
standard created by the Social Accountability International (SAI)
in 1997. To achieve its mission, SAI established the SA8000®
standards for decent work, promoted the standard through brand
building, training, as well as corporate guidance and
interpretation. SA8000® standard creates an international common
language for the world to measure social compliance and for the
corporate for adopt policies and procedures to protect basic human
rights of workers. The standard has already been used in over 3,000
factories in 65 countries and 66 industrial sectors. SA8000®
standard contains nine core elements including child labor, forced
and compulsory labor, health and safety, freedom of association and
collective bargaining, discrimination, disciplinary practices
working hours, remuneration and management system.
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 bikes, energy storage systems, power tools, medical
equipment, digital and electronic devices, personal care products,
and lighting, etc. With over 3,000 employees and advanced
manufacturing facilities located in Shenzhen and Huizhou 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 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.
Financial Profiles, Inc. Tricia Ross +1-916-939-7285 Email
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