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 it was recently awarded the honors of "Excellent Associator Unite from 2005 to 2009"and "Excellent Exporter Enterprise from 2005 to 2009" from the China Industrial Association of Power Sources (CIAPS).
The China Industrial Association of Power Sources is the biggest professional battery association in China. Since 2005, Hong Kong Highpower has annually been awarded the title of "Top Hundred Enterprises of the Battery Industry in China" by CIAPS. In 2009, Hong Kong Highpower ranked as the second largest net exporter of Ni-MH batteries in China according to a report issued by the CIAPS.
"We are pleased to be recognized by our peers and colleagues with these awards. Our advancement to the second largest net exporter of Ni-MH batteries in China reflects our continued successful efforts to increase market share," said George Pan, Chief Executive Officer of Hong Kong Highpower Technology, Inc.
The China Industrial Association of Power Sources (CIAPS) was founded in 1989 and is the biggest professional battery association in China. It has six branches, including: alkaline battery and new type chemical power sources; lead acid storage battery; lithium battery; dry cell; physical power sources; and, accessory and equipment for batteries. CIAPS has more than 310 members involved in the development, manufacture, sales, or marketing of batteries and power supplies. "Solidarity, Friendship, Competition and Development" are the spirit of CIAPS. Serving as the bridge between the government and enterprise, CIAPS has accomplished projects issued by the Chinese government, as well as promoted international exchange and cooperation in the battery field.
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.
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.