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 operational data elements including state-of-charge" said Jennifer de Souza, Senior Director of Energy Solutions, Procurement and Leasing for The Raymond Corporation. "Engineered to excel in tough material handling applications, these lithium-ion solutions provide our customers with significant productivity enhancements, including increased uptime and reduced electricity costs."