Electrovaya Inc. (TSX: EFL) announced the launch of its next generation SuperPolymer(R) cell and battery technology; “MN-HP Series.” The Energy version of this technology, MN-eHP exceeds 200Wh/kg, which we believe is one of the highest energy densities for a commercial Lithium Ion cell in a large prismatic design.
Electrovaya’s MN-HP series cells use commercially proven electrode materials such as graphite anodes and lithium metal mixed oxide cathodes to give excellent cycle life and good safety. Electrovaya’s MN-HP cells typically have 50-70% higher energy density than typical phosphate cells, over 120% higher energy density than lithium titanate cells and about 600% higher energy density than the ubiquitous lead acid batteries.
Higher energy density cells require fewer materials for a given energy capacity and therefore can be produced at lower costs. Higher Energy Density cells also contain proportionately lower amounts of flammable electrolytes, which substantially improve safety considerations. Typical MN-HP cells are available in 30Ah to 40Ah format (110 – 150Wh) and housed in a flat polymer pouch.
The cells are produced by Electrovaya’s proprietary non-toxic production process which does not use massive quantities of toxic n-methyl pyrrolidone (NMP), unlike most other commercial lithium ion battery manufacturers. Toxic NMP is suspected of causing birth defects and does not obviously complement the supply chain for Green electric vehicles or Alternate Energy Storage programs.
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company’s mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company’s other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US and Europe, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com
For more information, please contact:
Electrovaya Inc.
Telephone: 905.855.4618
Email: ir@electrovaya.com
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