Hong Kong Highpower Technology,Inc. (NASDAQ: HPJ), a leading developer, manufacturer and marketer ofnickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) rechargeable batteriesand related products, announced today that it has formed a strategic R&Dpartnership with Freudenberg Nonwovens, the largest and most diverse manufacturerof nonwovens in the world today.
Freudenberg will utilize Hong Kong Highpower's R&D Center research facilitiesin China to test their various separators. The Company was the first to introducenonwovens to the market over 70 years ago and is now the largest and most diversemanufacturer of nonwovens in the world today. Freudenberg麓s battery separator,which is one of their nonwovens, has been ranked as number one in the batteryseparator industry. Separators are considered an integral material for Ni-MHrechargeable batteries.
"We are very pleased with this relationship as it will fake rolex provide Hong Kong Highpowerwith access to the highest level of product innovation and allow us to continuebeing at the forefront of Ni-MH battery development," said George Pan, ChiefExecutive Officer of Hong Kong Highpower Technology, Inc.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower Technology develops, manufactures and markets rechargeablenickel metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and relatedproducts for use in a variety of electronic devices. The majority of Hong KongHighpower Technology's products are distributed worldwide to markets in theUnited States, Europe, China, Hong Kong, Southeast Asia and Taiwan. For moreinformation, visit .
About Freudenberg Nonwovens:
Freudenberg Nonwovens is the world's leading nonwovens manufacturer with 23production sites in 13 countries. The company paper bag printing develops and produces interliningsfor apparel, filters, nonwovens for automotive, building and construction, shoes,textile and upholstery, hygiene and medical as well as many other industrialapplications. Freudenberg Nonwovens is part of the Freudenberg Group, a familycompany which generates sales of 5.5 billion euros and employs over 34,500associates in its four business areas of Nonwovens, Seals and Vibration ControlTechnology, Household Products and Chemical Specialties.To be added to the Company's email distribution for future news releases, pleasesend your request to . Company news can also be found at .
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning ofthe "safe-harbor" provisions of the Private Securities Litigation Reform Actof 1995 that are not historical facts. These statements can be identified bythe use of forward-looking terminology such as "believe," "expect," "may,""will," "should," "project," "plan," "seek," "intend," or "anticipate" or thenegative 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 resultsto 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 Resultsof Operations" in the Company's public filings with the SEC. Although the Companybelieves that the expectations reflected in such forward-looking statements arereasonable, there can be no assurance that such expectations will prove to becorrect. The Company has no obligation to update the forw
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