Highpower Rolls Out Commercial Ready Solar Compatible Energy Storage System (ESS) Products
28 April 2014 - 10:00PM
Marketwired
Highpower Rolls Out Commercial Ready Solar Compatible Energy
Storage System (ESS) Products
Products Ranging From 0.5KWH to 15KWH
SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - Apr 28,
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 systems
and battery recycling provider, today announced that the Company's
subsidiary, Icon Energy Systems, Ltd., has successfully developed
its first series of commercial ready off-grid energy storage system
(ESS) products, ranging from 0.5KWH to 15KWH.
"This is another substantial milestone for Highpower in
expanding our product mix as we are methodically executing on our
plan of evolving from solely a consumer electronics based battery
company to a sophisticated large-scale battery application solution
company. The industry demand for ESS products is widely expected to
take off in the coming years and we believe this is a very valuable
product offering for customers in the clean energy market," said
Mr. George Pan, Chief Executive Officer and Chairman of Highpower
International. "Icon Energy was created with a vision to provide
clean energy solutions because clean renewable energy solutions are
undoubtedly the future for our society. Highpower is well
positioned to enter into the promising energy storage market and
capitalize on this higher margin business, leveraging our extensive
research and development expertise in various battery products over
the past ten years."
Major countries around the world including the United States,
Germany, U.K., Australia, Japan, Korea, and China, have all
initiated favorable policies to promote the use of ESS products in
developing the clean energy industry. The ESS market is expected to
experience tremendous growth over the next few years. According to
Navigant Research, the world micro grid market will increase from
$4.3 billion in 2013 to $19.9 billion in 2020, using conservative
estimates.
"Our ESS series is designed not only to appeal to the developed
countries that are promoting clean energy initiatives but also to
countries that lack sufficient electrical infrastructure. Our
products can be adopted to a wide range of applications including
commercial, residential, telecommunication, and disaster rescue,
among others," commented Mr. Bryan Bai, Vice President of Sales at
Highpower International. "There has been a strong demand for
high-quality and commercially feasible ESS products. Our series of
ESS products are designed to address this market need."
The series of ESS products, designed and developed by
Highpower's subsidiary, Icon Energy, will serve the needs of
commercial and residential power systems, solar power, back-up
emergency power, and outdoor uses. Highpower's ESS products include
power capacities of 0.5KWH, 1.5KWH, 3KWH, 5KWH, and 15KWH, coupled
with dual charging input modes, i.e. city grid and solar power
compatible. The output modes are flexible with AC, DC at varying
voltages. The switch between charging and discharging is
intelligently designed, and the switch time is only 5-8
milliseconds, generating no impact to electrical appliances
connected. GPRS-enabled real-time wireless monitoring is also built
in for remote management.
For additional information about our Energy Storage Systems,
please visit:
http://www.highpowertech.com/product_4ae67a7dd7e491f8.html
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
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