SAN FRANCISCO and SHENZHEN, China, July
29, 2016 /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 it has shipped its
1000Wh portable power station products (PPS) to Fry's Electronics,
and the products are expected to be available at select stores in
the U.S. in September 2016.
The PPS has 1000Wh electricity capacity with an estimated 1000
lifetime charging cycles. The PPS is solar panel compatible, which
offers portable power and convenience for outdoor usage and
emergency power backup. The PPS provides power solutions to variety
of electronic devices, and can supply continuous power to:
- an LED lamp for over 300 hours;
- a smart phone for 200 hours;
- a notebook for 40 hours; and
- a mini refrigerator for 20 hours.
"Highpower has invested in the PPS for more than two years and
we have tested and experimented our products under a wide variety
of circumstances," said Mr. George
Pan, Chief Executive Officer of Highpower International. "We
see our PPS products as an achievement of Highpower's vision and
mission to provide portable and affordable clean energy solutions.
Our Company not only manufactures battery cells but also powers
applications. We expect the PPS to bring power to consumers in
remote areas without electricity infrastructure, during emergency
rescues, for outdoor enthusiasts, and in daily activities for
consumers. We are pleased to begin selling the product at a
respected retailer like Fry's and expanding throughout the United States market."
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. 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 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, unexpected delays of the
availability of our portable power station, such as shipping and
delivery delays, market acceptance of our products in the
U.S., and our ability to effectively compete and grow in the U.S.
market. 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.
Sherry Chen
+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
(212) 836-9606
aprior@equityny.com
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SOURCE Highpower International, Inc.