SAN FRANCISCO and SHENZHEN, China, September 3, 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 it has started shipping its 4600 mAh lithium battery product developed for the newly introduced Acer Iconia Tab 8, a tablet offering consumers high-end features including 7.5 hours of continuous video watch time.
Mr. George Pan, Chairman and CEO of Highpower, commented, "Acer is a world-famous brand, and we are pleased to serve as a contributor to this newest high-end tablet. We feel that our battery performance and quality, along with our extensive industry experience will allow us to gain more market share as a provider to a growing worldwide tablet market in the coming years. Highpower is a battery manufacturer capable of applying our expertise to a number of different markets, and our new relationship with Acer is strong evidence that our product offering is gaining traction in the rapidly growing mobile device market."
The Acer Iconia Tab 8 is an 8-inch Android tablet featuring an Intel Atom Z3745 processor, 1920x1200 resolution, and 2GB RAM. The Acer Iconia Tab 8 is now available for purchase at Gome, one of China's largest electronic device chain stores, and may be available at the worldwide markets in the coming months.
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, our ability to successfully expand sales of our lithium battery product in the mobile device market and our ability to effectively compete in that 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.
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
