SAN FRANCISCO and SHENZHEN, China, April
9, 2015 /PRNewswire/ -- Highpower International, Inc.
(NASDAQ: HPJ), ("Highpower"
or the "Company") a developer, manufacturer, and marketer of
lithium and nickel-metal hydride (Ni-MH) rechargeable batteries,
management systems as well as battery recycling services, today
announced that it recently began shipping lithium batteries to
Seiko in Japan for its watch and
wireless digital products.
Mr. George Pan, Chairman and CEO
of Highpower, commented, "We are looking forward to working with
Seiko on its innovative digital products. The wearable device
market presents tremendous opportunities for Highpower. We are very
proud that our lithium batteries are adopted by Seiko, a world
famous watch brand. Battery performance is critical to today's
ever-developing smart devices. Highpower will continue to target
the wearable device market, utilizing its superior quality and
manufacturing flexibility to win customer orders. We are
excited by the potential of our comprehensive product offerings,
and are committed to upholding our reputation as a diversified
power solution provider."
A recent survey conducted by Accenture showed that wearable
devices will become more popular worldwide over the next five
years. The survey was conducted online between October and
November 2014, with 24,000
respondents in 24 countries, including China, Australia, Brazil, France, Turkey and the
United States. The survey states that 73 percent of Chinese
consumers want to purchase a smart watch in the next five years. At
present, wearable devices are marketed by a number of companies,
including Timex, Apple, Samsung, and China's Xiaomi.
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. 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 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, including, our ability to
successfully expand sales of our lithium battery product in the
mobile device market and our ability to effectively compete in that
market. 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.
Sherry Chen
+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
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SOURCE Highpower International, Inc.