Highpower International Passes SA8000 Certification
Shenzhen, China – March 8, 2013 –Highpower International, Inc. (Nasdaq: HPJ),a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium rechargeable batteries and battery solutions, today announced that its wholly-owned subsidiary, Shenzhen Highpower Technology Co. Ltd,has passed the SA8000? standardand has received certificationfrom Social Accountability International (SAI).SA8000? is an auditable certification standard, modeled on ISO standards, that encourages organizations to develop, maintain, and apply socially acceptable practices in the workplace.
“We remain committed to being a leading world-class provider of cleaner energy sources,” stated Mr. George Pan, Chairman and Chief Executive Officer of Highpower International. “Receiving SA8000? certification demonstratesHighpower’s commitment to our peopleand our ability to meet international standards on corporate social responsibility.We believe a sustainably successful company must provide quality social benefits to its employees,who are ultimately the cornerstone of our long-term success.”
AboutSAI and SA8000
SAI is a non-governmental organization whose mission is to advance the human rights of workers in the world. SA8000?is a standard created by the Social Accountability International (SAI) in 1997. To achieveits mission, SAI established the SA8000?standards for decent work, promoted the standard through brand building, training, as well as corporate guidance and interpretation. SA8000? standard creates an international common language for the world to measure social compliance and for the corporate for adopt policies and procedures to protect basic human rights of workers. The standard has already been used in over 3,000 factories in 65 countries and 66 industrial sectors. SA8000? standard contains nine core elements including child labor, forced and compulsory labor, health and safety, freedom of association and collective bargaining, discrimination, disciplinary practices working hours, remuneration andmanagement system.
About Highpower International, Inc.
Highpower International was founded in 2002 and produces high-quality Nickel-Metal Hydride (Ni-MH) and lithium-based rechargeable batteries used in a wide range of applications such as electric bikes, energy storage systems, power tools, medical equipment, digital and electronic devices, personal care products, and lighting, etc. With over 3,000 employees and advanced manufacturing facilities located in Shenzhen and Huizhou 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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Tricia Ross
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