Highpower International Becomes Supplier to SONY and Begins Shipping Products
15 April 2014 - 10:30PM
Marketwired
Highpower International Becomes Supplier to SONY and Begins
Shipping Products
SAN FRANCISCO, USA and SHENZHEN, CHINA--(Marketwired - Apr 15,
2014) - Highpower International, Inc. (NASDAQ: HPJ), a developer,
manufacturer, and marketer of lithium and nickel-metal hydride
(Ni-MH) rechargeable batteries, and a battery management solution
and recycling provider, today announced that the Company's
subsidiary, Huizhou Highpower, has officially become a supplier to
SONY and has begun receiving orders and shipping products. The
initial orders for Highpower's lithium polymer batteries will be
used for SONY's wireless products.
"We are pleased that after a rigorous review and audit of our
new facility at Huizhou, SONY qualified Highpower to become their
official supplier," said Gerry Wang, Quality Director at Highpower
International. "SONY's approval of our Huizhou facility is a
tremendous endorsement to our new facility's state-of the-art
design and advancements, which include the industry-leading Class
100,000 Clean Room, world-class production management methodology,
modern automation equipment and technology, and our unparalleled
quality control mechanisms."
"Huizhou Highpower's ability to become SONY's battery supplier
further demonstrates our industry expertise in providing quality,
cutting-edge battery products to our customers," commented Mr.
Wenliang Li, Chief Technology Officer of Highpower International.
"SONY is a world-leading electronics company with vast
understanding and experiences with batteries and battery
production. SONY's standards for battery production are second to
none. It is an extraordinary achievement to have passed SONY's
audit and become one of its suppliers. We believe that our advanced
battery products and new facility are well positioned to continue
to attract Fortune 500 customers."
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.
Financial Profiles, Inc. Tricia Ross +1-310-622-8226 Email
Contact
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