22:27:52 EDT Fri 26 Apr 2024
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or Name
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Electrovaya Inc
Symbol EFL
Shares Issued 85,455,355
Close 2016-08-15 C$ 3.20
Market Cap C$ 273,457,136
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Electrovaya releases 44-amp-hour Li battery

2016-08-16 07:30 ET - News Release

Dr. Joerg Reim reports

ELECTROVAYA-LITARION INTRODUCES HIGHER ENERGY DENSITY 44AH LITHIUM ION CELL

Electrovaya Inc. and its wholly owned subsidiary, Litarion GmbH, have introduced the next-generation Litacell LC-44. The Litacell LC-44 with its higher energy density delivers 44 amp hours (ah) in the same geometry as the 40 ah Litacell LC-40. The new model LC-44 is available to original equipment manufacturers and battery pack integrators worldwide, and first deliveries will be made this quarter, fourth quarter 2016.

The Litacell LC-44 features an unparalleled combination of safety, cycle life and cost. It promises extraordinary cycle and calendar life (up to 9,000 cycles at 1C charge and 1C discharge at 100-per-cent depth of discharge), unique safety properties due to the unparalleled stability of Separion flexible ceramic separator membrane, stringent quality standards and excellent pricing options.

The Litacell LC-44 contains optimized NMC/graphite-based electrode chemistry.

"Our strong research team has an exciting program to continuously develop the next generation of lithium-ion cells. The increased energy density of the LC-44 reduces material and other production costs while giving higher energy capacity in the same volume and same geometrical package as the LC-40. Lithium-ion cells have cost, cycle life and safety challenges, and the Litacell LC-44 provides the breakthrough technology to address some of these challenges," said Dr. Joerg Reim, chief technical officer, Litarion.

"Litacell 44 ah cells are now available to customers in Europe, North America and elsewhere, where the market demands highest safety and lowest holistic cell costs," said Dr. Pia Kuesgens, manager, business development, at Litarion. "We believe this technology should become the industry standard for the electric mobility and energy storage markets."

Please visit and attend the company's talks at:

  • Renewable Energy India Expo, Sept. 7 to Sept. 9, 2016, Noida, India;
  • Solar Power International, Sept. 12 to Sept. 15, 2016, Las Vegas, Nev.;
  • The Battery Show, Sept. 13 to Sept. 15, 2016, Novi, Mich.;
  • eCarTec, Oct. 18 to Oct. 20, 2016, Munich, Germany.

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