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Electrovaya Labs: A New Division of Electrovaya
New division focused on accelerating innovation in solid state lithium ion batteries TOR...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Labs: A New Division of ElectrovayaNew division focused on accelerating innovation in solid state lithium ion batteriesTORONTO, ON / ACCESSWIRE / June 23, 2021 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (TSX:EFL; OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced that it has established a new operating division: Electrovaya Labs.Electrovaya Labs will be focused on research, development, and commercialization of some of the fundamental technologies and intellectual property at Electrovaya. One key area of focus is the development of a solid state battery.Electrovaya has entered into a lease at a dedicated research and chemistry lab facility located at the Sheridan Science and Technology Park in Mississauga, Ontario, near the Company's headquarters. The lease allows Electrovaya Labs to use the laboratories in the facility, and work with some of the scientists and engineers on site.\"Our new division will accelerate our technological advancement, not only by utilizing our talented research and development staff, but also by drawing on the expertise and support available in the research facilities at Sheridan Science and Technology Park,\" said Dr. Sankar Das Gupta, CEO of Electrovaya. \"We have experience with solid state batteries, and are focused on keeping Electrovaya at the forefront of lithium ion battery safety and performance.\"For more information, please contact:Investor Contact:Jason RoyElectrovaya Inc.Telephone: 905-855-4618Email: [email protected] Electrovaya Inc.Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) designs, develops and manufactures proprietary Lithium Ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.Forward-Looking StatementsThis press release contains forward-looking statements relating to the Company's announcement and formation of Electrovaya Labs, a newly formed research division of the Company, its intention to...