Hong Kong Highpower Technology, Inc. Forms Strategic R&D Partnership With Freudenberg Nonwovens
25 January 2010 - 11:00PM
Marketwired
Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ), a leading
developer, manufacturer and marketer of nickel-metal hydride
(Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related
products, announced today that it has formed a strategic R&D
partnership with Freudenberg Nonwovens, the largest and most
diverse manufacturer of nonwovens in the world today.
Freudenberg will utilize Hong Kong Highpower's R&D Center
research facilities in China to test their various separators. The
Company was the first to introduce nonwovens to the market over 70
years ago and is now the largest and most diverse manufacturer of
nonwovens in the world today. Freudenberg´s battery separator,
which is one of their nonwovens, has been ranked as number one in
the battery separator industry. Separators are considered an
integral material for Ni-MH rechargeable batteries.
"We are very pleased with this relationship as it will provide
Hong Kong Highpower with access to the highest level of product
innovation and allow us to continue being at the forefront of Ni-MH
battery development," said George Pan, Chief Executive Officer of
Hong Kong Highpower Technology, Inc.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower Technology develops, manufactures and
markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion
(Li-ion) batteries and related products for use in a variety of
electronic devices. The majority of Hong Kong Highpower
Technology's products are distributed worldwide to markets in the
United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
For more information, visit www.haopengbattery.com.
About Freudenberg Nonwovens:
Freudenberg Nonwovens is the world's leading nonwovens
manufacturer with 23 production sites in 13 countries. The company
develops and produces interlinings for apparel, filters, nonwovens
for automotive, building and construction, shoes, textile and
upholstery, hygiene and medical as well as many other industrial
applications. Freudenberg Nonwovens is part of the Freudenberg
Group, a family company which generates sales of 5.5 billion euros
and employs over 34,500 associates in its four business areas of
Nonwovens, Seals and Vibration Control Technology, Household
Products and Chemical Specialties. To be added to the Company's
email distribution for future news releases, please send your
request to HPJ@finprofiles.com. Company news can also be found at
http://ir.haopengbattery.com/en/introduce028.html.
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.
Media and Investor Inquiries: Henry H. Ngan Chief Financial
Officer +1-917-887-0614 Email Contact Financial Profiles, Inc.
Tricia Ross (310) 277-4711 Email Contact
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