SAN FRANCISCO and SHENZHEN, China, November 25, 2014 /PRNewswire/ -- Highpower International, Inc.("Highpower International" or "the Company") (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 two of the Company's wholly-owned subsidiaries, including its new lithium battery facility, have received Sony's Green Partner Certification.
The certification recognizes that Highpower's two subsidiaries have successfully passed Sony's rigorous environmental requirements, and highlights the Company's commitment to environment and sustainability. The Sony Green Partner certification enables Highpower to be a "preferred supplier" to Sony and to other companies who seek a supplier who has achieved Green Partner status.
Mr. George Pan, Chairman and Chief Executive Officer of Highpower International, commented, "We are pleased to receive Sony's Green Partner Certification, and believe it reflects Highpower's strict environmental standards on its production process. Highpower became Sony's supplier in April and our Company has begun shipping lithium polymer batteries for Sony's wireless products. Sony is a world-leading electronics company with rigorous requirements on its products and its suppliers, and environmental impact is a major consideration. Highpower is dedicated to creating value for its customers while ensuring that its manufacturing processes remain among the highest quality in our industry."
About the Sony Green Partner Program
Sony awards suppliers with Green Partner Certification when they actively cooperate in producing environmentally sustainable products. The "Sony Green Partner Standards" were established in 2001 as a way to encourage its suppliers to become more environmentally responsible. Sony's Green Partner Program restricts the use of hazardous substances in materials as described in the Sony technical standard SS-00259. Suppliers can achieve Sony Green Partner status by meeting these requirements and by demonstrating compliance via an on-site audit.
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, mobile and wearable devices, medical equipment, personal care products, lighting, and industrial, 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 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.
Sherry Chen
+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
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