Business
Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing
Electrovaya's High Voltage Battery Systems demonstrated strong reliability and performance in mis...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing Electrovaya's High Voltage Battery Systems demonstrated strong reliability and performance in mission critical off-road defense application over several months of extensive testing TORONTO, ON / ACCESSWIRE / November 21, 2024 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce follow-on order for Infinity-HV battery systems, from a global aerospace and defense company. \"We are excited that our first Infinity-HV battery product, which shipped nearly a year ago, met the extreme performance requirements for this off-road autonomous defense application, which represents some of the most difficult validation testing available,\" said CEO, Dr. Raj DasGupta. \"These follow-on orders are a testament to the exceptional performance of the Infinity-HV technology for mission critical applications in general.\"The Infinity-HV systems target mission critical and heavy-duty high-voltage applications including vehicles, defense and other energy storage applications seeking industry leading performance and safety.Image of the HV-300 of the Infinity-HV product family Production of the Infinity-HV products is planned at the Company's facility in Jamestown, New York, which will provide increased manufacturing capacity and domestic manufacturing. Recently The Export-Import Bank of the United States (EXIM) approved a $50.8 million direct loan to support Electrovaya's gigafactory manufacturing facility in Jamestown, New York.Investor and Media Contact:Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / [email protected] MaasHayden [email protected] Electrovaya Inc.Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialize...