SOURCE: Hong Kong Highpower Technology

Hong Kong Highpower Technology

March 15, 2010 07:00 ET

Hong Kong Highpower Technology, Inc. Awarded International Product Mark Certificate for Its Ni-MH Batteries

SHENZHEN, CHINA and NEW YORK, NY--(Marketwire - March 15, 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 its Ni-MH batteries were qualified and awarded an International Product Market Certificate.

Hong Kong Highpower's Ni-MH batteries are now qualified to use the International Standard (IEC 61951-2-2003) product mark. The Company received the International Standard Product Marking Certificate and International Standard Product Authorization Certificate in Guangdong Province. These were issued by the Standardization Administration of The People's Republic of China, Administration of Quality and Technology Supervision of Guangdong Province. For products to receive this important designation, the products must adapt to international standards or advanced foreign standards and their quality must reach international advanced level or GB level.

"This certificate is evidence that our Ni-MH batteries are produced with high-quality and standards," said George Pan, Chief Executive Officer of Hong Kong Highpower Technology, Inc. "Moreover, the designation proves that our Ni-MH batteries are of worthy of international first-class level recognition and helps in our push to be a strong internationally recognized rechargeable battery player. We are pleased that we will now be able to adopt the marking on our Ni-MH products and packaging as this will help further bolster consumer confidence in our products."

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 www.haopengbattery.com.

To be added to the Company's email distribution for future news releases, please send your request to HPJ@finprofiles.com. Company news can also be found at http://ir.haopengbattery.com/en/introduce028.html.

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

  • Media and Investor Inquiries:
    Henry H. Ngan
    Chief Financial Officer
    +1-917-887-0614
    Email Contact

    Financial Profiles, Inc.
    Tricia Ross
    (310) 277-4711
    Email Contact