Highpower International Subsidiary -- Shenzhen Highpower Technology Co. Ltd. --
Passes SA8000(R) Certification
Leading Auditable Social Certification Standard for Decent Workplaces
SHENZHEN, CHINA -- (Marketwire) -- 03/08/13 -- 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(R) standard and has received certification from
Social Accountability International (SAI). SA8000(R) 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(R)
certification demonstrates Highpower's commitment to our people and
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."
About SAI and SA8000
SAI is a non-governmental organization whose mission is to advance
the human rights of workers in the world. SA8000(R) is a standard
created by the Social Accountability International (SAI) in 1997. To
achieve its mission, SAI established the SA8000(R) standards for
decent work, promoted the standard through brand building, training,
as well as corporate guidance and interpretation. SA8000(R) 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(R) 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
and management system.
About Highpower Internatio
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 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.
Financial Profiles, Inc.
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