Electrovaya ships first battery modules to Japan

Dr. Raj DasGupta reports ELECTROVAYA DELIVERS NEWLY DEVELOPED CUSTOM BATTERY MODULES TO GLOBAL JAPANESE HEADQUARTERED CONSTRUCTION EQUIPMENT OEM Electrovaya Inc. has successfully completed shipment of its first battery modules to Japan from its Canadian manufacturing facility. These modules were custom designed for a global construction equipment OEM (original equipment manufacturer) and feature a new NMC-based 51Ah cell format that features Electrovaya's proprietary Infinity technologies which significantly enhance safety and cycle life performance. Prior to the shipment, the new 1.5-kilowatt-hour modules passed third party UN38.3 testing at TUV SUD. Electrovaya's planned cell manufacturing in Jamestown New York will be tooled to produce both its current 54 Ah (ampere hour) cell format which is utilized in all existing product lines and the new 51 Ah cell format which feature the same chemistry and performance attributes but provides form factors that accommodate the needs of distinct customers. The company decided to tool the Jamestown plant for both form factors due to anticipated demand for both products. "We're excited to introduce this new cell and module format, as well as to commence product shipments to Japan -- a significant milestone that reflects the growing global demand for our lithium-ion battery technology," said Dr. Raj DasGupta, chief executive officer of Electrovaya. "These modules, specifically engineered for construction and earthmoving equipment, represent another step forward in expanding the use of Electrovaya's technology in heavy-duty applications that require exceptional performance and safety." About Electrovaya Inc. Electrovaya 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. The company has extensive IP, and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its infinity battery technology platform. This technology offers enhanced safety and industry leading battery longevity. The company is also developing next-generation solid-state battery technology at its labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000-square-foot manufacturing facility in New York state for its planned gigafactory. We seek Safe Harbor.