SOURCE: Highpower International

Highpower International

November 25, 2013 07:00 ET

Highpower International Announces Its Patent Portfolio Now Exceeds 100

SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - Nov 25, 2013) - Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium rechargeable batteries and battery solutions, today announced that its patent portfolio is now in excess of 100 patents in China. Highpower has now obtained 112 patents and the patent portfolio consists of 25 invention patents, 35 utility patents, 51 appearance design patents and one Hong Kong standard patent.

"The clean energy and mobile power industries are under rapid rates of development," said Mr. George Pan, Chairman and Chief Executive Officer of Highpower International. "We understand the importance of a sustained R&D effort to be a competitive thought-leader and have invested strongly in R&D over the past few years. We now employ over 200 personnel who are focused on creating new, innovative solutions for our customers' constantly evolving needs. More recently our subsidiary, SpringPower, was awarded China's national high-tech enterprise status demonstrating our commitment to development. We will continue to foster a culture of innovation at Highpower and add to our ever growing patent portfolio."

Additional information about Highpower's patent information can be found on our website:

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 bikes, energy storage systems, power tools, medical equipment, digital and electronic devices, personal care products, and lighting, etc. With over 3,000 employees and advanced manufacturing facilities located in Shenzhen and Huizhou 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 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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