Highpower International (NASDAQ: HPJ) shares climbed 4% on news this morning that the company has reached two strategic partnership agreements in the U.S. and Europe with leading appliance brands to supply power solutions for high-end smart vacuum robots. The agreements are expected to provide Highpower with top-line revenues of $4 million in 2017. Additionally, the company has been involved in designing power solutions for three new models of smart vacuums that are expected to be launched in 2018, providing Highpower with anticipated top-line revenues of $15 million. “Highpower pays close attention to the end user as well as developing trends and work jointly with our industry-leading clients to provide quality products and services. These two partnerships will further strengthen our market share in smart home application and Highpower will continue to supply convenience and style to our consumers,” Highpower International chairman and CEO George Pan stated in the news release.
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About Highpower International, Inc.
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 buses, bikes, energy storage systems, power tools, medical equipment, digital and electronic devices, personal care products, and lighting, etc. Highpower’s target customers are Fortune 500 companies and top 20 companies in each vertical segment. With advanced manufacturing facilities located in Shenzhen, Huizhou, and Ganzhou 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. For more information, visit www.highpowertech.com.
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