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Electrovaya Inc
Symbol EFL
Shares Issued 84,248,741
Close 2016-05-13 C$ 1.25
Market Cap C$ 105,310,926
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Electrovaya releases modules for lithium-ion batteries

2016-05-16 10:18 ET - News Release

Dr. Rajshekar Das Gupta reports

ELECTROVAYA LAUNCHES ITS 1KWH BATTERY MODULE (LITACORE1000) AND AN INTELLIGENT 48V, 2.3 KWH MODULE (EV4823) AS BUILDING BLOCKS FOR OEMS DESIGNING LITHIUM ION BATTERY SYSTEMS

Electrovaya Inc. has launched a one-kilowatt-hour battery module (Litacore1000) and an intelligent 48-volt, 2.3-kilowatt-hour module (EV4823) as building blocks for lithium-ion battery systems.

The Litacore1000 is a one-kilowatt-hour module with integrated voltage and temperature sensors in an easy-to-handle aluminum case, with laser-welded contacts and features the industry-leading Litacell. This module design allows OEMs (original equipment manufacturers) an easy building block for constructing lithium-ion battery systems.

The EV4823 is a 48-volt, 2.3-kilowatt-hour module with an integrated intelligent battery management system complete with Canbus communications. This 48-volt, 2.3-kilowatt-hour module design allows OEMs to use these modules for myriad applications in energy storage and emobility sectors.

These two products increase Electrovaya's product line from electrodes, separators and cells by now adding higher-value-added systems. OEMs can easily use these modules as building blocks to build complete battery systems for different applications. Electrovaya new product offerings are differentiated from competitors through the use of Litacells, enabling higher cycle life and higher safety, two critical factors for OEMs in lithium-ion batteries.

The new modules promise extraordinary cycle and calendar life, unique safety properties due to the unparalleled stability of Separion, the flexible ceramic separator membrane, and highest-quality standards. The integrated Litacells contain optimized NMC/graphite-based (lithium nickel manganese cobalt oxide) electrode chemistry.

"The one-kilowatt-hour Litacore1000 and 2.3-kilowatt-hour EV4823 intelligent modules are now available to OEMs in Europe, North America and elsewhere, where the market demands highest safety and lowest holistic lithium-ion costs," says Dr. Rajshekar Das Gupta, vice-president of business development at Electrovaya. "These products enable OEMs to seamlessly use them as building blocks for lithium-ion battery systems for diverse electric vehicle and energy storage markets, and usage will rapidly grow later this year as these products are qualified by increasing numbers of OEMs," says Dr. Das Gupta.

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