Seiko Japan recently started purchasing lithium batteries from Highpower International Inc. for its watch and wireless digital products. Highpower is a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, management systems as well as battery recycling services.

“The wearable device market presents tremendous opportunities for Highpower. We are very proud that our lithium batteries are adopted by Seiko, a world famous watch brand,” commented Mr. George Pan, Chairman and CEO of Highpower, “Battery performance is critical to today's ever-developing smart devices. Highpower will continue to target the wearable device market, utilizing its superior quality and manufacturing flexibility to win customer orders. We are excited by the potential of our comprehensive product offerings, and are committed to upholding our reputation as a diversified power solution provider."

A recent survey conducted by Accenture showed that wearable devices will become more popular worldwide over the next five years. The survey was conducted online between October and November 2014, with 24,000 respondents in 24 countries, including China, Australia, Brazil, France, Turkey and the United States. The survey states that 73% of Chinese consumers want to purchase a smart watch in the next five years. At present, wearable devices are marketed by a number of companies, including Timex, Apple, Samsung, and China's Xiaomi.