Supply Agreement With Raymond Electrovaya enters supply deal with Raymond
2020-12-18 00:34 ET - News Release
Mr. Rajshekar Das Gupta reports
RAYMOND AND ELECTROVAYA ANNOUNCE STRATEGIC SUPPLY AGREEMENT
Electrovaya Inc. and The Raymond Corp. have completed a strategic supply agreement for the supply of battery systems for Raymond's Energy Essentials Battery line. The agreement provides Raymond with exclusively distributed Raymond-branded lithium-ion batteries that are UL 2580 listed and compatible with most Class 1, 2 and 3 Raymond lift trucks. The battery systems utilize the latest Electrovaya NMC ceramic lithium-ion-battery technologies and provide a full integration with the Raymond vehicles.
"Our decision to collaborate with Electrovaya as a strategic supplier followed many months of rigorous engineering and testing activities. Energy Essentials distributed by Raymond enables a complete and unique integration between the truck and battery, giving full visibility to operational data elements, including state of charge," said Jennifer de Souza, senior director of energy solutions, procurement and leasing for Raymond. "Engineered to excel in tough material-handling applications, these lithium-ion solutions provide our customers with significant productivity enhancements, including increased uptime and reduced electricity costs."
"We are excited with the advancement of our relationship with The Raymond Corporation, and this agreement supersedes our existing 2019 sales agreement. These battery systems, when paired with Raymond material-handling equipment, have the potential to increase energy and greenhouse emission savings for customers, especially those with multishift operations," said Rajshekar Das Gupta, vice-president, technology and business development, at Electrovaya. "From a commercial standpoint, Raymond's sales reach and ability to service and support a large range of customers increases the potential distribution of these battery systems."
About Electrovaya Inc.
Electrovaya 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 intellectual property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe.
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