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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

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Post by Positrackeron Jun 26, 2008 7:57am
167 Views
Post# 15230920

For Dudem

For DudemWe are very pleased to launch the Maya-300," notes Dr. Sankar DasGupta, CEO of Electrovaya, "This marks a new era where affordable,zero-emission clean transportation solutions become available withsufficient range for daily local driving. The Maya-300 is a terrific,high profile solution for many fleet operators with a driving rangelonger than other low-speed electric vehicles. Its operationalconvenience, low operating costs and all-weather performance are awinning combination."

The Maya-300 will use Electrovaya's proprietary Lithium IonSuperPolymer® battery technology system featuring its MN-Series with abalanced energy and power density optimization. The MN-Series isElectrovaya's preferred chemistry for transportation because it offersup to 40-60 percent higher energy density with comparable safetycharacteristics to its Phosphate-Series offerings.

The Maya-300's battery system incorporates battery separator filmsfrom ExxonMobil. Separator film is an integral part of battery systemdesign and critical to overall performance. Innovations in thesecomponent technologies enable Electrovaya's battery platform technologyto be optimized for applications like transportation, which requiresafe, cost-effective, high performance technologies.

"ExxonMobil is pleased to collaborate with Electrovaya on thisimportant technology," said Jim Harris, Senior Vice President,ExxonMobil Chemical. "Electrovaya's new electric vehicles have improvedsafety and reliability performance as a result of ExxonMobil's batteryseparator films."

This announcement complements several other Electrovaya cleantransportation applications. These include zero-emission electricvehicles and plug-in hybrid electric vehicle applications in Europe,Asia and North America.

About ExxonMobil Chemical:

ExxonMobil Chemical is a global leader in technology, productquality and customer service with petrochemical manufacturing and/ormarketing operations around the world. For more information visit:www.exxonmobilchemical.com .     Take Care

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