Highpower Completes Delivery of Its First Trial Order From Costco for Rechargeable Batteries for Solar Lighting
June 18 2014 - 7:30AM
Marketwired
Highpower Completes Delivery of Its First Trial Order From Costco
for Rechargeable Batteries for Solar Lighting
SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - Jun 18,
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 delivered two containers of its Ni-MH rechargeable batteries to
Costco as an initial trial order that will be used as power sources
for general solar light products.
Highpower manufactured the products for one of its branded
customers with specific power requirements to power a wide variety
of solar light products. The initial order is expected to be sold
from Costco to customers directly. Highpower's nickel-metal hydride
rechargeable batteries are ideal replacements for the traditional
nickel-cadmium rechargeable batteries in the solar lighting market
because cadmium is a toxic heavy metal and is known to be damaging
to the environment.
"We are delighted to have received an initial order from Costco,
and are hopeful that this will lead to a new sales channel for our
Company. Highpower is committed to developing and expanding
long-lasting relationships with world-class customers such as
Costco, which is a widely admired Fortune 100 company," commented
Mr. Bryan Bai, Vice President of Sales at Highpower
International. "This first trial order for solar light
products is quite exciting because lighting is one of the key
industrial applications for our products. We believe that larger
retail and wholesale chains such as Costco will increasingly look
towards selling environmentally friendly products to customers, and
feel that this has lasting benefits to Highpower given our
dedication to products that result in energy savings and pollution
reduction. We believe that our green and environmentally friendly
products will continue to experience increased demand."
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
Contact
Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jul 2023 to Jul 2024
