SAN FRANCISCO and SHENZHEN, China, May 22, 2015 /PRNewswire/ -- Highpower International, Inc. ("Highpower International" or "the Company") (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's wholly owned subsidiary, Icon Energy System Inc. (Icon), Ltd. was awarded as "The Best Design Company of China's Energy Storage Industry" at the 5th China International Energy Storage Conference and Exhibition held in Shanghai on May 13-15, 2015.
"We are devoted to maintaining our leading market position as an innovator in energy storage products. We continue to commit efforts and resources on researching and developing new products to meet the changing needs of the sector. In recent months, we have received incredibly favorable interest and feedback from existing and potential customers about our design capabilities. We have begun to develop products for grid-level energy storage applications, in addition to portable products for consumer applications and stationary systems for residential and commercial use. We expect to continue developing complex battery systems based on our already-extensive experience, along with growing electrical engineering capabilities. This award is validation that our technology is sound and our products are gaining traction in the marketplace," commented Mr. Terry Guo, the Deputy General Manager of Icon.
About Highpower International, Inc.
Highpower International was founded in 2001 and produces high-quality lithium and Nickel-Metal Hydride (Ni-MH) rechargeable batteries and battery systems used in a wide range of applications such as electric buses, energy storage systems, mobile and wearable products, e-bikes, medical equipment, digital and electronic devices, personal care, and household products, etc. The company is also developing emerging applications in areas such as drones, robotics, and wireless charging technologies. With advanced manufacturing facilities located in China, and over 100 patents in battery materials, processing, and design, Highpower is committed to clean technology, as well as environmental production. Highpower's target customers are Fortune 500 companies and top 10 companies in each vertical segment. The majority of Highpower'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
+1 (212) 836-9606
aprior@equityny.com
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