U-Power Batteries would like to take this opportunity to provide a company update for 2012 and what we expect of 2013.
The past 12 months have seen impressive improvements with our product testing and component integration. One key area of success has been the implementation of several lightweight components required to reduce the overall weight and balance of the product. Several concerns were raised about the durability and longevity of the replacement components however through various testing fazes we have found suitable alternatives and have managed to reduce the overall weight by 22.5 grams.
This reduction in weight has enabled us to minimize the top heaviness of the original design and affords the user more options for transportation and carrying which was one of the main points raised at one of our early consumer reaction sessions.
Another area of improvement we focused on in 2012 was the power distribution and regulation areas of the design. The original prototypes and subsequent test devices were consistently producing enough current to run/ charge up to 60% of median devices we tested within a 5hr charge cycle. Through the innovations mentioned above and several upgrades to the power distribution part of the device we have managed to increase the current models performance to 78% with the target of 95% to be achieved in early 2013 based on data collected to date.
2012 proved a strong year on the financial side for U-Power Batteries. At this stage of our investment we have seen considerable support from our initial partners along with sustained investment for several private investment firms and funds. We will look to enhance our financial situation early in 2013 with a new round of funding and tentative look to the second quarter of 2013 as a potential listing date on the global exchange.
All in all 2012 was a superb year for not only our research and development teams but also the core business departments as well and we are excited to move into 2013 and take the U-Power Batteries brand to the next level.
We wish you a Happy Christmas and a Successful and Prosperous New Year.
U-Power Batteries Inc. is at the forefront of research and development in the mobile device power industry. With access to the finest electronic, chemical and manufacturing engineers in China, we have made it our mission to bring to consumers the most innovative, usable, design based products in our sector. For over a decade we have been instrumental in developing hi powered, long lasting power supplies for the majority of mobile devices. From a multitude of cellular phones, notebooks, cameras and portable devices our parent company has been able to supply major manufacturers, producers and suppliers with the batteries, chargers and accessories that they need to power their products.
To find out more visit www.upower-batteries.com