Dr. Khadija Yazda reports

ELECTROVAYA BEGINS SHIPPING INFINITY-HV BATTERY SYSTEMS

Electrovaya Inc. has made the first shipment of its Infinity-HV battery systems, an addition to its Infinity product line.

"We are excited to see our first Infinity-HV battery product shipped to this large aerospace customer, and we are looking forward to delivering more preproduction units to additional seed customers," said Dr. Khadija Yazda, high-voltage system product manager at Electrovaya. "The Infinity-HV batteries offer unique performance characteristics, especially with regards to safety and cycle life, and are the ideal energy storage technology for heavy-duty applications."

The Infinity-HV systems target heavy-duty, high-voltage applications, including buses, delivery trucks, construction trucks, hybrid-fuel cell/battery systems and stationary energy storage systems. Electrovaya's Infinity-HV systems offer industry-leading safety and longevity for these applications, ultimately providing lower liability costs, better warranty coverage and an overall lower cost of ownership.

The first shipment was made to a global aerospace company for a new vehicle type. Electrovaya also anticipates shipping additional preproduction systems early in the new year for electrified airport diesel generator replacement devices. Electrovaya continues to experience strong interest in the electric bus market and other applications and is working toward securing long-term contracts.

The new Infinity-HV systems come in two forms: the HV-300 and HV-700 offering nominal energy of 35 kilowatt-hours and 70 kilowatt-hours, respectively, and serving both 400-volt and 800-volt applications. The systems are modular and scalable for the respective requirements. The Infinity-HV batteries use lithium-ion ceramic and UL-recognized EV (electric vehicle) series cells and are designed to provide the longest-lasting high-voltage batteries with a 25-year projected lifetime for one-cycle-per-day applications.

Mass production of the Infinity-HV products is planned at the company's facility in Jamestown, N.Y., which will provide increased manufacturing capacity to support anticipated demand.

Electrovaya will be displaying the Infinity-HV products at the Advanced Clean Transportation (ACT) Expo in Las Vegas in May, 2024.

About Electrovaya Inc.

Electrovaya is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The company has extensive IP (intellectual property) and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy-duty electric vehicles based on its Infinity battery technology platform. This technology offers enhanced safety and industry-leading battery longevity. The company is also developing next-generation solid-state battery technology at its labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000-square-foot manufacturing facility in New York State for its planned gigafactory.

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