Highpower Receives First Testing Order for Its New Energy Storage System Products
May 08 2014 - 7:30AM
Marketwired
Highpower Receives First Testing Order for Its New Energy Storage
System Products
SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - May 8,
2014) - Highpower International, Inc. (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
has received an initial testing order for its 10KWH lithium-based
energy storage system (ESS) following the recent rollout of
Highpower's first series of commercial ready off-grid energy
storage system products.
The 10KWH energy storage system is comprised of four lithium
battery modules, a 5KW solar inverter, and a solar controller,
coupled with built-in wireless data transmission, remote
monitoring, and comprehensive protective features for safety.
"Our new enterprise customer will integrate a solar panel with
our 10KWH battery management system, and the whole system will be
used in residential stand-alone power source areas," commented Mr.
Bryan Bai, Vice President of Sales at Highpower International. "Our
system will be tested and modified for further configuration and
optimization before mass commercialization. This order bolsters our
confidence about our opportunities in the large scale energy
storage space."
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 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 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 +1-310-622-8226 Email
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