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Electrovaya Announces Purchase Orders from Walmart Canada of about Cdn $7 million for Forklift Battery Systems in Two Distribution Warehouses
Electrovaya Announces Purchase Orders from Walmart Canada of about Cdn $7 million for Fork...
About this update from Electrovaya Inc.
[{"type":"text","content":"\n\n\n\nElectrovaya Announces Purchase Orders from Walmart Canada of about Cdn $7 million for Forklift Battery Systems in Two Distribution Warehouses\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 5, 2019\n\n\n\nRepresents the second and third Walmart warehouses at Walmart Canada in which forklifts will be fully powered by Electrovaya batteries\n TORONTO, Sept. 5, 2019 /CNW/ - Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (TSX: EFL)(OTCQX:EFLVF) today announced that it has secured new purchase orders under a contract with Walmart Canada for its forklift battery systems. The retailer will convert all the forklifts at two of its distribution centres to Electrovaya's drop-in lithium ion battery systems. The new purchase orders are worth approximately Cdn $7.3 million.\n\n \n \n\n \nFollowing these deliveries, Walmart Canada will have three distribution warehouses in which its materials handling vehicles are fully powered by Electrovaya's lithium ion battery systems. The retailer previously converted all forklifts at an Ontario distribution centre to Electrovaya batteries in 2018. \n\"We are pleased to continue working with Walmart Canada, a leader in the introduction of green sustainable technology in the distribution and logistics industry,\" said Dr. Raj Das Gupta, Vice President, Business Development at Electrovaya. \"These purchase orders represent a strong endorsement of our lithium ion battery technology. It is ideally suited to intensive-use applications such as forklifts, supporting both higher efficiency and sustainability.\"\n\"At Walmart, we are always looking at ways to make our distribution centres more sustainable. The Electrovaya batteries offer improved energy efficiency, which will help reduce our environmental footprint.\" said John Bayliss, Executive Vice President, Logistics at Walmart Canada.\nElectrovaya's ELivate lithium ion forklift battery line features a ceramic separator and provides industry-leading cycle life, safety, energy and power attributes. \nAbout Electrovaya...