Electrovaya Completes First Commercial Delivery of Replacement Forklift Lithium Ion Ceramic Batteries

18 Jul 2017

Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) announced that it has completed delivery of 36V 960 Ah Lithium Ion Ceramic batteries and associated chargers to Mondelez International.  The order was worth US$ 634,000(C$ 804,000).

The 36V 960 Ah batteries will be used in Class 2 forklifts and will directly replace the lead acid batteries previously used by Mondelez International.  The 36V 480 Ah batteries will also be used in Class 1 vehicles, again replacing lead acid batteries.  Electrovaya's batteries have fast charging capabilities, providing the customer with the opportunity to charge during lunch or other breaks. 

"We are delighted that Mondelez International chose the Electrovaya batteries after extensive testing as well as approval by the OEM truck manufacturer," said Alexander Skrypko, Vice President, Engineering at  Electrovaya .  "The batteries are equipped with an intelligent Battery Management System (iBMS™) with proprietary software," said Mr. Skrypko.

The iBMSTM manages the batteries and controls the communications with the charger.  The cells in the battery contain the ceramic separator, SeparionTM, which delivers added safety and cycle life performance.  The battery is designed to work 24/7 in a fast-paced warehouse environment with rapid charging capability during operator breaks.

Electrovaya | http://www.electrovaya.com