An anonymous director reports

ELECTROVAYA LAUNCHES BATTERY PRODUCT LINE FOR FORKLIFT MARKET

Electrovaya Inc. has launched its new lithium-ion ceramic product line for the Class 1 and Class 2 forklift markets. This market is heavily dominated by lead-acid battery solutions that cannot keep up with the demands of today's warehouse and logistics environments. Increased demands on operational efficiency, 24-hour operations and more advanced vehicles make a case for better energy solutions. The product line, which is branded ELivate, will leverage Electrovaya's lithium-ion ceramic battery technology that offers up to six times the life cycle of existing lead-acid solutions and up to twice the life cycle of lithium-ion products. Additionally, the safety provided by SEPARION ceramic separator technology provides users with confidence in implementing a new technology in their operations.

The ELivate product line is being introduced with 36-volt followed by 48-volt models for Class 1 and Class 2 forklifts. To take advantage of the added performance and safety of Electrovaya's technology, the target application is heavy-duty users such as 24/seven distributions centres. The product is market-ready, and Electrovaya has started initial trials at multiple customer sites.

Further information on the product lineup and benefits of Electrovaya's product are available on its website.

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