Electrovaya’s High Voltage Battery System Passes Fire Propagation Testing

Electrovaya's Infinity Technology has demonstrated effectiveness in preventing cell-to-cell propagation in two high voltage fire propagation tests. This showcases the technology's ability to make lithium-ion batteries safer and prevent thermal runaway in battery systems.

Electrovaya Inc. (NASDAQ:ELVA, TSX:ELVA), a leading lithium-ion battery technology company, announced it completed and passed fire propagation testing on two of its high voltage battery systems, each with over 50kWh in capacity. The testing, in accordance with the UL2580 standard, showed that fires remained contained within the battery system. This is significant as it prevents further fires, unlike many competing battery suppliers' systems.

Dr. Raj DasGupta, CEO at Electrovaya, emphasized the real-world benefits of this technology. A battery fire is an extremely costly event. Electrovaya's technology aims to mitigate these risks, making it crucial for various safety-sensitive applications.

Electrovaya's competitive advantage in battery safety positions it well for sales growth in material handling, data center energy storage, airport-based applications, and mining sectors. The company continues to focus on leveraging this advantage while maintaining leading profit margins.