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Highpower International, Inc. (NASDAQ: HPJ) is surging higher (+46^) after the company announced this morning that the Company recently began to receive orders, and started shipping lithium polymer batteries to DJI, a globally recognized manufacturer of commercial and recreational unmanned aerial vehicles, or drones.
Highpower International has received DJI’s supplier qualification approval and began to provide lithium polymer batteries for its drones. The Company has provided its batteries for use in DJI’s Phantom 3 and Phantom 4 drone products and Highpower expects to develop its relationship with DJI further continuously.
Mr. George Pan, Chairman and Chief Executive Officer of Highpower International, stated, “We are pleased to have passed DJI’s requirements as a product manufacturer and supplier, which we feel is a strong verification of both our flexibility and capability to cover a wider spectrum of products at a global reach. We have worked with the leaders in innovative and developing technologies, including the expansion of drone technology for recreational use and commercial enterprises. Working with DJI is a significant milestone in Highpower’s lithium battery business development and represents a new and exciting segment. As a world-leading drone brand, DJI is famous for its cutting-edge technology and rigorous requirements for its products and suppliers. Considering Highpower’s comparative lithium battery advantages and DJI’s high-end technologies, we feel that this is a mutually beneficial relationship that could grow over time.”
Source: Street Insider
Broad Street Alerts has not been compensated for the mention of (NASDAQ: HPJ) and we do not hold any positions.