Monday, April 10, 2017

Electrovaya Inc. - EFL.t

Electrovaya Inc. - EFL.t designs, develops and manufactures proprietary Lithium Ion SuperPolymer® 2.0 batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets.

On April 3, 2017 the company released NEWS

Electrovaya Inc. has received its first purchase order for $634,000 (U.S.) for its line of lithium-ion ceramic forklift battery systems for a U.S. Fortune 100 global snacking company. The batteries will be used in Class 1 and Class 2 forklifts and be installed at a single distribution centre as a drop-in battery in the forklift trucks.

Prior to the order, demonstration batteries were tested for over five months at one of the Fortune 100 company's distribution centres. Electrovaya's Elivate batteries powered the forklifts, three shifts a day and six days a week. The batteries were also tested and approved by the forklift truck manufacturer.