SAN FRANCISCO and SHENZHEN, China, Aug.
20, 2014 /PRNewswire/ -- 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 it started
shipping its advanced compact lithium battery product developed for
the newly introduced TIMEX® IRONMAN® ONE GPS+, a smartwatch
offering consumers stand-alone wireless connectivity without a
phone.
Mr. George Pan, Chairman and CEO
of Highpower, commented, "Timex is an iconic watch brand. We are
excited to work with Timex as a contributor to this innovative
smartwatch technology. We feel that wearables represent an exciting
area of growth for mobile devices, and smartwatches could provide a
natural progression from current applications to help consumers
further embrace wearable technology. We feel that our battery
performance, seamlessness of services, and quality will allow us to
compete for a proportionate market share of batteries for these
products. Highpower is a flexible battery manufacturer capable of
applying our expertise to a number of different markets, and this
initial order is strong evidence that our product offering is
gaining traction in the rapidly growing wearable device
market."
The TIMEX® IRONMAN® ONE GPS+ will be available for purchase this
fall at timex.com, att.com, AT&T stores, select sports
specialty and electronic stores.
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.
CONTACT:
Highpower International, Inc.
Fendi Yang
+86-755-8968-6521
ir@highpowertech.com
INVESTOR RELATIONS:
The Equity Group Inc.
In China
Katherine Yao, Associate
+86-10-6587-6435
kyao@equityny.com
In U.S.
Adam Prior, Senior Vice
President
(212) 836-9606
aprior@equityny.com
SOURCE Highpower International, Inc.