SAN FRANCISCO and SHENZHEN, China, Aug.
27, 2014 /PRNewswire/ -- 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 its 20Ah
lithium-ion battery (Model: IESPD201E) has received the product
approval issued by China's
National Quality Control & Inspection Center for Buses.
The battery model IESPD201E is designed
for and best suited for
Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric
Vehicles (PHEVs). The product approval was based on comprehensive
tests according to China's
automobile industry standard QC/T 743-2006 "Lithium-ion Batteries
for Electric Vehicles".
Mr. Wenliang Li, Chief Technology
Officer of Highpower, commented, "China has begun to emerge as a leading green
transportation adopter. China will
become the largest market for electric buses within the
decade. This is another significant milestone for Highpower to
get positioned for wider national adoption of our batteries in the
HEV and PHEV market. We dedicate meaningful resources to developing
the new generation lithium batteries to address the immense EV
market in China. Receiving the
approval from China's National
Quality Control & Inspection Center for Buses is one solid step
in order to commercialize our high power density lithium batteries
in the EV market at the national level. We expect further progress in the years ahead."
About National Quality Control&Inspection
Center for Buses
National Quality Control & Inspection Center for Buses,
recognized by the State Experimental Accrediting Committee,
authorized by the National General Quarantine Bureau of Quality
Control & Inspection and National Accreditation &
Supervision Committee, is a national-level quality control &
inspection institute for products; it enjoys a legal third-party
status. Authorized by the State Science & Technology
Commission, it is a national-level inspection and evaluation unit
for new hi-tech products of buses. It is the key laboratory of
China's Ministry of Transport.
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.
CONTACT:
Highpower International, Inc.
Fendi Yang
+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
(212) 836-9606
aprior@equityny.com
SOURCE Highpower International, Inc.