SOURCE: Highpower International

Highpower International

March 24, 2011 07:00 ET

Highpower International Announces Initial Order for Nokia's Bluetooth Product Line

NEW YORK, NY and SHENZHEN, CHINA--(Marketwire - March 24, 2011) - Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products, today announced that it has received an initial order for 60,000 Li-ion battery units from a third-party manufacturer of Nokia's Bluetooth products. The estimated order potential for this specific product could range from 500,000 to 1,000,000 units in calendar year 2011 depending on market demand.

"Providing Highpower's advanced Li-ion batteries to a Nokia authorized manufacturer is further validation of our superior product performance and quality," said George Pan, Chairman and CEO of Highpower International, Inc. "It is indicative that we are becoming more competitive at the international level in placing our batteries in many next generation consumer electronics products. We plan to continue to grow our Li-ion market share around the globe by supplying our batteries to renowned, world-class brands both directly and indirectly."

About Highpower International, Inc.

Highpower International, Inc. 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 Highpower International's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Taiwan, Southeast Asia and South America. 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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