Highpower International Soars On News It Received Multi-Million Dollar Mophie Order

Highpower International Inc HPJ on Thursday announced that it received an order to provide lithium polymer batteries for Mophie's battery case products designed for iPhone 6 and iPhone 6 plus.

George Pan, Chairman and CEO of Highpower International, stated, "This order is quite significant to both Highpower and Mophie's annual plan for 2015, as Mophie is a certified backup power product supplier for iPhone 6 and iPhone 6 plus. Highpower has worked with the engineers and designers at Mophie in the past on battery case products for the iPhone 5 series, and it is their continued trust on Highpower's quality and reliability that enables our cooperation to succeed. We are very pleased to continue to work with Mophie on the iPhone 6 series products that will be widely used by consumers around the world."

Highpower International raised its net income guidance for 2014 to $4.2 million and revenue guidance to $148 million.

Regarding the future of his company, Pan went on to say, “We are very confident in our ability to generate sales growth through working with top notch international customers in 2015 and look forward to updating investors further when we report our 2014 financial results in March."

Shares of Highpower traded at $5.44, up 18 percent.

Posted In: NewsGuidanceContractsMoversGeorge PanMophie
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...