That's 33.3% above its normal operating voltage.
I've got a thread somewhere in which I ask about using Lithium-ion cells with a drill - that'd be a 14.4V pack on a 12V drill. Even that is 20% over its recommended voltage, though this drops to around 13V when the drill is in operation. I'm fairly sure that it'll be ok - on brief tests, the drill didn't exhibit any odd behavior when run off the li-ion cells. I'm still waiting on an order though, before I'll build the pack. It was suggested in that thread, by our resident knower-of-everything

, Rubycon, that I use some sort of protection (yeah yeah, protection, haha) circuitry on the pack. Li-ions can get mean if not treated carefully. The protection circuit monitors each cell for overcharging, overdischarging, and short circuits.
Once I get that circuit though, I'll be able to assemble the pack and put it to work.
33.3% above rated voltage is rather much, I wouldn't recommend that.