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 recently received its award certificate for its Shenzhen Innovation Award.

Hong Kong Highpower Technology was awarded the Shenzhen Innovation Award for Patent Excellence for its patented Ready to Use (RTU) Ni-MH battery. Compared with other Ni-MH batteries, the company's self-developed RTU battery has many advantages including lower self-discharge, longer storage time, and a longer service life. The increased service life of the battery, which includes 1500 uses and 85% charge retention after one year of storage, makes the RTU the best choice when compared to other rechargeable batteries because it aids in achieving efficient energy use and a lower-carbon footprint. Due to these positive attributes, the RTU has been approved and tied to the Shenzhen government priority procurement list.

In the future, Hong Kong Highpower Technology plans to continue its commitment of R&D investments toward the development and innovation of clean energy.

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.

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 (916) 939-7285 Email Contact

Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Highpower Charts.
Highpower (NASDAQ:HPJ)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Highpower Charts.