sur Electrovaya, Inc. (NASDAQ:ELVA)
Electrovaya Secures Follow-On Orders for Infinity-HV Battery Systems
Electrovaya, a leader in lithium-ion battery technology, has received additional orders for its Infinity-HV battery systems from a global aerospace and defense company. Following several months of rigorous testing, the battery systems showed excellent reliability and performance in mission-critical off-road defense applications. These orders reinforce the product's capabilities in meeting industry standards.
The Infinity-HV systems are designed for demanding, high-voltage applications in fields such as defense and energy storage. Production is set to occur at Electrovaya's Jamestown facility in New York, supported by a $50.8 million loan from the Export-Import Bank of the United States.
R. H.
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