Highpower International Delivers Electrical Vehicle (EV) Battery System to Harbin Institute of Technology
October 28 2013 - 6:00AM
Marketwired
Highpower International Delivers Electrical Vehicle (EV) Battery
System to Harbin Institute of Technology
SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - Oct 28,
2013) - 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 it successfully delivered an advanced electric
vehicle (EV) battery system to the Harbin Institute of Technology
(HIT).The EV battery was installed on an electric race car designed
by HIT and was used for electrical car racing at Formula SAE China,
which took place in Xiangyang, Hubei Province from October 15th to
October 19th, 2013.
"The Formula SAE China is a perfect forum to showcase this
significant milestone for Highpower as it allows us to display our
capabilities to design and manufacture effective power battery
systems for electric high speed racing cars. We plan to continue to
pursue the growing EV market," said Mr. George Pan, CEO of
Highpower International.
Mr. Wenliang Li, CTO of Highpower International, added,
"Highpower's engineers selected 7.5Ah high-rate discharging cells
which are made of ternary lithium manganese, to satisfy weight,
size, power, and energy density required by the Harbin Institute of
Technology. Our power battery system can achieve active energy
balancing and has a real-time, remote management system to track
the battery system's working status."
Additional information about the event can be found on our
website:
http://www.highpowertech.com/product_903cc7be42d6fae3.html
About Formula SAE
Formula SAE is an established educational motorsport
competition, hosted by the Society of Automotive Engineers
(SAE). The competition aims to inspire and develop
enterprising and innovative young engineers. Universities from
across the globe are challenged to design and build a single-seat
racing car in order to compete in static and dynamic events, which
demonstrate their understanding and test the performance of the
vehicle. The format of the event is such that it provides an ideal
opportunity for the students to demonstrate and improve their
capabilities to deliver a complex and integrated product in the
demanding environment of a motorsport competition.
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
mobile devices, computer tablets, 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
Contact
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