SOURCE: Hong Kong Highpower Technology

Hong Kong Highpower Technology

June 23, 2010 07:00 ET

Hong Kong Highpower Technology, Inc. Recognized as a Top Growing Small/Medium Enterprise in Shenzhen, China

SHENZHEN, CHINA and NEW YORK, NY--(Marketwire - June 23, 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 was recently honored as a Top 500 Growing SMEs in Shenzhen by the Science, Industry, Trade and Information Technology Commission of Shenzhen Municipality.

The Science, Industry, Trade and Information Technology Commission of Shenzhen Municipality and the Shenzhen Small/Medium Enterprise SMEs Service Center undertook a comprehensive evaluation and review of several hundred thousand enterprises to determine and verify a list of the Top 500 Growing SMEs in Shenzhen. Hong Kong Highpower was given an overall ranking of 89th on the list and was also included in the top five for the overall power industry.

"We are honored to be recognized for our strong growth, innovative nature, and solid company culture," said George Pan, Chief Executive Officer of Hong Kong Highpower Technology, Inc. "It is a pleasure to see our leadership position and pioneering efforts in the energy sector being recognized with such a high placement in the overall power industry category. We believe that our green efforts and innovations in the energy sector will continue to drive growth for our company well into the future and we look forward to continuing to place high on the list."

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

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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.

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