Dr. Jeremy Dang reports

ELECTROVAYA ANNOUNCES INTEGRATION OF WIRELESS CHARGING FOR ITS BATTERIES

Electrovaya Inc.'s latest generation of battery systems has been integrated and tested with two leading providers of wireless chargers. The battery systems have successfully demonstrated wireless charging capabilities that achieve performance metrics similar to that of wired chargers. Currently, this technology is being implemented for its material handling battery products up to 60 kilowatt-hours in capacity.

"The ability to charge batteries wirelessly further enhances the integration of Electrovaya batteries with autonomous vehicles," said Dr. Jeremy Dang, vice-president of business development at Electrovaya. "Wireless charging further eliminates the need for manual monitoring of the charging process. This capability, in conjunction with Evision -- Electrovaya's cloud-based battery monitoring and diagnostic platform can potentially allow fully remote monitoring and control of operations involving Electrovaya's batteries."

The company continues plans to exhibit its latest battery system products at MODEX 2024, March 11 to 14 in Atlanta and at the Advanced Clean Technology Expo (ACT) on May 20 to 23 in Las Vegas.

About Electrovaya Inc.

Electrovaya Inc. 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 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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