SAN FRANCISCO and SHENZHEN, China, August 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
