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Electrovaya Receives First Purchase Order for an Electric Bus Battery System
Electrovaya Receives First Purchase Order for an Electric Bus Battery System Canad...
About this update from Electrovaya Inc.
[{"type":"text","content":"\n\n\n\nElectrovaya Receives First Purchase Order for an Electric Bus Battery System\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 28, 2019\n\n\n\nA promising market opportunity in a new industrial sector for the Company\n TORONTO, May 28, 2019 /CNW/ - Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (TSX: EFL; OTCQX: EFLVF) today announced the receipt of a purchase order for a 300kWh, 600V battery system to power an electric bus. The Electrovaya modular battery system is expected to provide the 40-foot bus a range of more than 200 kilometres and will be capable of fast charging.\n\n \n \n\n \nElectrovaya's lithium ion battery is known for its superior cycle life, safety, energy and power attributes, all of which are important in electric buses. These buses frequently operate 12 to 16 hours a day or more, with a targeted life of 10 years or more.\nElectrovaya has a research and development program for electric bus batteries that is supported by a C$3.8 million grant from Sustainable Development Technology Canada (\"SDTC\"). The Company is working with two bus manufacturers on the SDTC-funded project.\nAbout Electrovaya Inc.\nElectrovaya Inc. (TSX:EFL) (OTCQX: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. \nTo learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.\nForward-Looking Statements\nThis press release contains forward-looking statements, including statements that relate to, among other things, the potential realization of revenue from the electric bus market, anticipated increased collaboration with OEMs in fiscal 2019, anticipated continued increase in sales momentum in fiscal 2019 through OEMs, the Company's ability to sourc...