highpower international inc (HPJ) Key Developments
U.S. Patent and Trademark Office Grants Patent for Highpower International, Inc.'s Safety Technology on Rechargeable Battery
Jul 7 15
Highpower International, Inc. announced that the U.S. Patent and Trademark Office has granted a patent for Highpower's safety technology on rechargeable battery. This technology relates to a structural innovation to improve safety features. Safety remains a critical issue for the entire battery industry. Highpower's safety-enhanced rechargeable battery consists of a shell, anode cap, sealing ring and a separating structure that ensures safe and efficient venting in the event of excessive internal air pressure inside the battery. Highpower's proprietary design was created and submitted after extensive research and development efforts.
Highpower International, Inc. Presents at 5th LD Micro Invitational Conference, Jun-01-2015 04:00 PM
May 23 15
Highpower International, Inc. Presents at 5th LD Micro Invitational Conference, Jun-01-2015 04:00 PM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049, United States.
Highpower International, Inc. Presents at Marcum Microcap Conference 2015, May-28-2015 01:30 PM
May 15 15
Highpower International, Inc. Presents at Marcum Microcap Conference 2015, May-28-2015 01:30 PM. Venue: Grand Hyatt New York, Park Avenue at Grand Central, New York, NY 10017, United States.
Highpower International, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
May 8 15
Highpower International, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. Net sales for the first quarter ended March 31, 2015 were $32.1 million compared to $29.2 million for the same period in 2014. The 10.2% increase in net sales compared to the same period in 2014 was mainly due to a $3.4 million improvement in net sales of Lithium batteries and $274,983 increase in net sales from new materials business, offset by a decline of $0.7 million in sales of Ni-MH batteries. For the first quarter of 2015, net loss attributable to the company was $0.1 million, or $0.01 per basic and diluted share based on 15.1 million weighted average diluted shares outstanding, compared to net loss of $0.9 million, or $0.07 per basic and diluted share based on 14.0 million weighted average diluted shares outstanding. Non-GAAP net loss attributable to the company was $0.3 million, or $0.02 per diluted share, compared to a non-GAAP net loss of $0.5 million, or $0.06 per diluted share in the prior year period. EBITDA for the first quarter ended March 31, 2015 improved to $1.3 million from $0.3 million in the prior year period. Income from operations was $571,572 against $1,024,135 a year ago. Income before taxes was $263,823 against $1,078,096 a year ago. Net cash flows used in operating activities was $6,515,261 against net cash flows provided by operating activities of $9,309,665 a year ago. Acquisition of plant and equipment were $1,664,663 against $2,403,047 a year ago. Non-GAAP EBITDA was $1,035,061 against $707,596 a year ago.
Based on current expectations for global demand in the rechargeable battery market in 2015 and the continued shift toward mobile power sources, higher-value energy storage systems and transportation products, the company is reaffirming its 2015 guidance of revenues to be between $160 million to $170 million, and non-GAAP net income of between $5.0 million and $6.0 million, and net income of between $4.0 million and $5.0 million.
Highpower International, Inc. to Report Q1, 2015 Results on May 08, 2015
May 4 15
Highpower International, Inc. announced that they will report Q1, 2015 results at 10:00 AM, US Eastern Standard Time on May 08, 2015