SAN FRANCISCO and SHENZHEN, China, Nov.
2, 2015 /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 the Company will
hold its Annual Shareholder Meeting on November 28, 2015 at 10:00
a.m. China Standard Time. The meeting will be held at
Highpower's headquarters, which are located at Building A7, 68
Xinxia Road, Pinghu, Longgang, Shenzhen, Guangdong, 518111, People's Republic of China.
At the meeting, the following proposals will be submitted for
shareholder approval, as fully described in the proxy statement
filed with the Securities and Exchange Commission and distributed
to shareholders on October 22,
2015:
- The election of five directors to the Board of Directors;
and
- Ratifying the appointment of Marcum
Bernstein & Pinchuk LLP as the Company's independent
registered public accounting firm for the year ending December 31, 2015.
Shareholders of record as of October 5,
2015 will be eligible to vote at the Annual Meeting.
The Company invites any interested shareholders, investors, or
analysts to attend the meeting.
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, including, without limitation,
fluctuations in the cost of raw materials; our dependence on, or
inability to attract additional, major customers for a significant
portion of our net sales; our ability to increase manufacturing
capabilities to satisfy orders from new customers; our ability to
maintain increased margins; our dependence on the growth in demand
for portable electronic devices and energy storage systems and
transportation products and the success of manufacturers of the end
applications that use our battery products; our responsiveness to
competitive market conditions; our ability to successfully
manufacture our products in the time frame and amounts expected;
the market acceptance of our battery products, including our
lithium products; our ability to successfully develop products for
and penetrate the electric transportation market; our ability to
successfully commercialize portable energy storage systems in the
international market by the end of year and our ability to continue
R&D development to keep up with technological changes. 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.
Henry Sun
CFO
+86-755-8968-6521
ir@highpowertech.com
INVESTOR RELATIONS:
The Equity Group Inc.
In China
Katherine Yao, Senior Associate
+86-10-6587-6435
kyao@equityny.com
In U.S.
Adam Prior, Senior Vice
President
+1 (212) 836-9606
aprior@equityny.com
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SOURCE Highpower International, Inc.