Dr. Raj DasGupta reports

ELECTROVAYA RECEIVES FOLLOW ON ORDERS FOR HIGH VOLTAGE BATTERY SYSTEMS FROM GLOBAL AEROSPACE AND DEFENSE COMPANY FOLLOWING EXTENSIVE TESTING

Electrovaya Inc. has received a follow-on order for Infinity-HV battery systems, from a global aerospace and defence company.

"We are excited that our first Infinity-HV battery product, which shipped nearly a year ago, met the extreme performance requirements for this off-road autonomous defence application, which represents some of the most difficult validation testing available," said chief executive officer Dr. Raj DasGupta. "These follow-on orders are a testament to the exceptional performance of the Infinity-HV technology for mission-critical applications in general."

The Infinity-HV systems target mission-critical and heavy-duty high-voltage applications, including vehicles, defence and other energy storage applications seeking industry-leading performance and safety.

Production of the Infinity-HV products is planned at the company's facility in Jamestown, N.Y., which will provide increased manufacturing capacity and domestic manufacturing. Recently the Export-Import Bank of the United States (EXIM) approved a $50.8-million direct loan to support Electrovaya's gigafactory manufacturing facility in Jamestown, N.Y.

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 without compromising energy and power. The company has extensive IP (intellectual property) and designs, develops and manufactures proprietary lithium-ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.

Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000-square-foot manufacturing facility in Jamestown, N.Y., for its planned gigafactory.

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