SAN FRANCISCO and SHENZHEN, China, July 29, 2016 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that it has shipped its 1000Wh portable power station products (PPS) to Fry's Electronics, and the products are expected to be available at select stores in the U.S. in September 2016.
The PPS has 1000Wh electricity capacity with an estimated 1000 lifetime charging cycles. The PPS is solar panel compatible, which offers portable power and convenience for outdoor usage and emergency power backup. The PPS provides power solutions to variety of electronic devices, and can supply continuous power to:
- an LED lamp for over 300 hours;
- a smart phone for 200 hours;
- a notebook for 40 hours; and
- a mini refrigerator for 20 hours.
"Highpower has invested in the PPS for more than two years and we have tested and experimented our products under a wide variety of circumstances," said Mr. George Pan, Chief Executive Officer of Highpower International. "We see our PPS products as an achievement of Highpower's vision and mission to provide portable and affordable clean energy solutions. Our Company not only manufactures battery cells but also powers applications. We expect the PPS to bring power to consumers in remote areas without electricity infrastructure, during emergency rescues, for outdoor enthusiasts, and in daily activities for consumers. We are pleased to begin selling the product at a respected retailer like Fry's and expanding throughout the United States market."
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. 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 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, including, unexpected delays of the availability of our portable power station, such as shipping and delivery delays, market acceptance of our products in the U.S., and our ability to effectively compete and grow in the U.S. market. 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.
Highpower International, Inc.
The Equity Group Inc.
Katherine Yao, Senior Associate
Adam Prior, Senior Vice President
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SOURCE Highpower International, Inc.