l2 hunter
7 years ago
BIG NEWS >> Start now the next multi day gain? Electrovaya Announces Cdn $4.3 Million Purchase Orders from Walmart Canada for Forklift Battery Systems in a Distribution War...
Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL)(OTCQX:EFLVF) announces that it has secured initial purchase orders under a contract with Walmart Canada for its forklift battery systems. The retailer will convert the forklifts in one distribution centre from lead acid batteries to Electrovaya’s drop-in lithium ion battery systems. Electrovaya's lithium ion forklift battery line, ELivate, features its ceramic separator and industry-leading cycle-life. The purchase orders are worth approximately Cdn $4.3 million and deliveries are to be made by Q1, CY 2018.
“We are very pleased to work with Walmart Canada, a leader in the introduction of green sustainable technology into the distribution and logistics industry,” said Dr. Raj Das Gupta, Vice President, Business Development at Electrovaya. “Our ceramic lithium-ion battery technology is ideally suited to intensive-use applications such as forklifts and other material handling vehicles, supporting both higher efficiency and sustainability."
The many benefits of Electrovaya's ELivate batteries were demonstrated through extensive testing by the retailer in its distribution warehouses and by the forklift OEM, before this Purchase Order was issued.
Please see www.electrovaya.com for investor presentation and detailed product profiles
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL)(OTCQX:EFLVF), designs, develops and manufactures proprietary Lithium-ion Ceramic Batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and SEPARION™ ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.
To learn more about how Electrovaya and Litarion is powering mobility and energy storage, please explore www.electrovaya.com, www.litarion.com and www.separion.com
l2 hunter
8 years ago
MILESTONE NEWS OUT >>> Electrovaya signs a Letter of Intent with a major Residential Energy Storage Provider for delivery of Lithium Ion Battery Mod...
Electrovaya Inc. (TSX:EFL)
Intraday Stock Chart
Electrovaya Inc. (TSX:EFL) today announced that it signed a Letter of Intent (LOI) with a Global Original Equipment Manufacturer (OEM) for the delivery of battery modules for Residential Energy Storage with volume quantity deliveries starting early Q1 CY2017. Electrovaya will provide its battery modules with integrated cells and battery management systems (iBMS). Electrovaya's battery modules have unparalleled safety and cycle life performance which is the critical performance required by the OEM.
The demand for Electrovaya's battery modules by this OEM, is estimated to be up to Euro 199 million (Cdn $ 288 million or US $ 223 million) over a period of 3 years. High volume deliveries are scheduled to start in early Q1 CY2017 with smaller quantities with delivery in CY2016.
Electrovaya's technology and products are uniquely suited to the Residential Energy Storage market as two of the critical performance parameters are highest cycle life and safety, both uniquely available from Electrovaya.
This LOI was signed after intensive testing of the Electrovaya cells and modules by the OEM, who is one of the largest and fastest growing Residential Energy Storage companies in the world.
"We are very excited with this LOI, as this was achieved against intense global competition", said Dr. Rajshekar DasGupta, VP of Business Development at Electrovaya. "Our multi-cell modules with laser welded tabs, built in sensors and iBMS are an attractive product for Residential Energy Storage. Our flexible ceramic separator SEPARION TM imparts outstanding safety to lithium ion batteries. This LOI further defines our path to becoming the leading supplier of lithium ion cells and batteries to this fast growing industrial sector of Residential Energy Storage."
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and SEPARION® ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive patents and other Intellectual Property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe. To learn more about how Electrovaya and Litarion is powering mobility and energy storage, please explore www.electrovaya.com, www.litarion.com and www.separion.com
phranticpoet
13 years ago
I have always found the easiest access to their website is through the Yahoo site, click on profile and then click on the link beneath the initial address, etc., info and that takes you there and from there it is self-explanatory. If, after perusing all that is there, there is no longer a link to the replay, it may well have expired.
I have always found it informative, to listen to the calls. The questions asked seem to garner tidbits which give clues as to what they are working on. Dr. Gupta does not release anything that is not already concrete, but often when he speaks of what is ongoing, you can read between the lines. He is careful not to reveal things that are not yet factual. This is all imho.
Joda
15 years ago
Ontario's Premier McGuinty Visits Electrovaya and Announces an Investment of Up to $16.7 Million
http://finance.yahoo.com/news/Ontarios-Premier-McGuinty-iw-1415862176.html?x=0&.v=1
TORONTO, ONTARIO--(Marketwire - 08/05/09) - Electrovaya Inc. (TSX:EFL - News) announced that Ontario's Premier Dalton McGuinty, along with members of his caucus, visited Electrovaya yesterday and announced an investment of up to $16.7 million to support battery research and pre-commercialization activities at Electrovaya.
The Premier mentioned, "Ontario has the skilled workforce, the positive investment climate and the commitment to innovation to transform new ideas into jobs for Ontario families. Together we can develop new and sustainable products that we can market to the world."
"We're proud to support a globally competitive technology that creates jobs in right here in Mississauga. By putting more electric vehicles on our roads we can help reduce emissions and protect our sensitive environment for future generations." said Charles Sousa, MPP Mississauga South
"The support from the Government of Ontario allows us to accelerate our growth plans and bring our technology to market sooner. We are excited to be adding to our team and increasing our innovation and technology capabilities in Mississauga." said Dr. Sankar Das Gupta, CEO of Electrovaya.
About Electrovaya Inc.
Electrovaya (TSX:EFL - News) is a developer and manufacturer of portable power solutions with its proprietary Lithium Ion SuperPolymer� battery technology. Its goal is to become the preferred provider of portable power for aerospace, defence and wireless sectors, and the developer of alternative energy applications including UPS, stand-by power, plug-in hybrids and Zero-Emission Vehicle. The Company's shares trade on the Toronto Stock Exchange under the symbol EFL.
For more information about the Company and its products, please visit our website at www.electrovaya.com.
Forward-Looking Statements
This news release may contain forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the Company's business and results of operations. Risks are outlined in the Company's MD&A for the period ending March 31, 2009 and are set forth in public disclosure documents filed with Canadian regulatory authorities. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Contacts:
Electrovaya Inc.
P. Hart
Chief Financial Officer
905-855-4636
plhart@electrovaya.com
www.electrovaya.com
phranticpoet
15 years ago
The MAYA 300, capable of highway speeds, built by Miljobil Grenland AS of Norway,will be available by the end of 2009.
They are working with TATA of India, are already collaborating in China and with EXXON and are in talks with many others,
Sometimes, you can catch the EXXON commercial which has a picture of one of the vehicles and their batteries are in those cars.
They have facilities ready to mass produce, when that time arrives.
phranticpoet
15 years ago
I have been in Electrovaya for several years now and am starting to believe that their time is coming. They are now just beginning to roll out their business plan.
One interesting thing about the company is that the CEO, Sankar das Gupta, still owns 65% of the company and the building in which it is housed.
If you visit the website, you will see the details of this, IMHO, gem in the rough.
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nowwhat2
4 years ago
