Highpower Receives First Testing Order for Its New Energy Storage System Products

Highpower Receives First Testing Order for Its New Energy Storage System Products
  
 

SAN FRANCISCO, CA and SHENZHEN, CHINA--(Marketwired - May 8, 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 systems and battery recycling provider, today announced that the Company has received an initial testing order for its 10KWH lithium-based energy storage system (ESS) following the recent rollout of Highpower's first series of commercial ready off-grid energy storage system products.

The 10KWH energy storage system is comprised of four lithium battery modules, a 5KW solar inverter, and a solar controller, coupled with built-in wireless data transmission, remote monitoring, and comprehensive protective features for safety.

"Our new enterprise customer will integrate a solar panel with our 10KWH battery management system, and the whole system will be used in residential stand-alone power source areas," commented Mr. Bryan Bai, Vice President of Sales at Highpower International. "Our system will be tested and modified for further configuration and optimization before mass commercialization. This order bolsters our confidence about our opportunities in the large scale energy storage space."

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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