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Raymond and Electrovaya Announce Strategic Supply Agreement
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Electrovaya, Inc.: Raymond and Electrovaya Announce Strategic Supply Agreement
TORONTO, ON / ACCESSWIRE /
December 18, 2020 /
Electrovaya Inc. ( Electrovaya ) (TSX:EFL)(OTCQB:EFLVF) and The Raymond Corporation ( Raymond ) today announced that they have completed a Strategic Supply Agreement for the supply of battery systems for Raymond s Energy Essentials Battery line. The agreement provides Raymond with exclusively distributed Raymond branded lithium-ion batteries that are UL 2580 Listed and compatible with most class I, II and III Raymond lift trucks. The battery systems utilize the latest Electrovaya NMC Ceramic lithium-ion battery technologies and provide a full integration with the Raymond vehicles. Our decision to collaborate with Electrovaya as a strategic supplier followed many months of rigorous engineering and testing activities. Energy Essentials distributed by Raymond enables a complete and unique integration between the truck and battery, giving full visibility to
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