SOURCE: Hong Kong Highpower Technology

Hong Kong Highpower Technology

January 25, 2010 07:00 ET

Hong Kong Highpower Technology, Inc. Forms Strategic R&D Partnership With Freudenberg Nonwovens

SHENZHEN, CHINA and NEW YORK, NY--(Marketwire - January 25, 2010) - Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ), a leading developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related products, announced today that it has formed a strategic R&D partnership with Freudenberg Nonwovens, the largest and most diverse manufacturer of nonwovens in the world today.

Freudenberg will utilize Hong Kong Highpower's R&D Center research facilities in China to test their various separators. The Company was the first to introduce nonwovens to the market over 70 years ago and is now the largest and most diverse manufacturer of nonwovens in the world today. Freudenberg´s battery separator, which is one of their nonwovens, has been ranked as number one in the battery separator industry. Separators are considered an integral material for Ni-MH rechargeable batteries.

"We are very pleased with this relationship as it will provide Hong Kong Highpower with access to the highest level of product innovation and allow us to continue being at the forefront of Ni-MH battery development," said George Pan, Chief Executive Officer of Hong Kong Highpower Technology, Inc.

About Hong Kong Highpower Technology, Inc.

Hong Kong Highpower Technology develops, manufactures and markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The majority of Hong Kong Highpower Technology's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan. For more information, visit

About Freudenberg Nonwovens:

Freudenberg Nonwovens is the world's leading nonwovens manufacturer with 23 production sites in 13 countries. The company develops and produces interlinings for apparel, filters, nonwovens for automotive, building and construction, shoes, textile and upholstery, hygiene and medical as well as many other industrial applications. Freudenberg Nonwovens is part of the Freudenberg Group, a family company which generates sales of 5.5 billion euros and employs over 34,500 associates in its four business areas of Nonwovens, Seals and Vibration Control Technology, Household Products and Chemical Specialties. To be added to the Company's email distribution for future news releases, please send your request to Company news can also be found at

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 Information

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