SOURCE: Highpower International

Highpower International

April 15, 2014 08:30 ET

Highpower International Becomes Supplier to SONY and Begins Shipping Products

SAN FRANCISCO, USA and SHENZHEN, CHINA--(Marketwired - Apr 15, 2014) - Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management solution and recycling provider, today announced that the Company's subsidiary, Huizhou Highpower, has officially become a supplier to SONY and has begun receiving orders and shipping products. The initial orders for Highpower's lithium polymer batteries will be used for SONY's wireless products.

"We are pleased that after a rigorous review and audit of our new facility at Huizhou, SONY qualified Highpower to become their official supplier," said Gerry Wang, Quality Director at Highpower International. "SONY's approval of our Huizhou facility is a tremendous endorsement to our new facility's state-of the-art design and advancements, which include the industry-leading Class 100,000 Clean Room, world-class production management methodology, modern automation equipment and technology, and our unparalleled quality control mechanisms."

"Huizhou Highpower's ability to become SONY's battery supplier further demonstrates our industry expertise in providing quality, cutting-edge battery products to our customers," commented Mr. Wenliang Li, Chief Technology Officer of Highpower International. "SONY is a world-leading electronics company with vast understanding and experiences with batteries and battery production. SONY's standards for battery production are second to none. It is an extraordinary achievement to have passed SONY's audit and become one of its suppliers. We believe that our advanced battery products and new facility are well positioned to continue to attract Fortune 500 customers."

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, medical equipment, digital and electronic devices, personal care products, and lighting, 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 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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