Electrovaya, Exide partner on Li-ion solutions

Electrovaya Inc., a provider of Li-ion battery technology and systems, and Exide Technologies, an electrical-energy solutions company, have signed a non-binding MoU to develop products and application solutions incorporating Electrovaya's Li-ion battery technology.

According to the terms of the MoU, the two companies will work together to explore and identify new market opportunities for Electrovaya's Li-ion SuperPolymer battery technology, initially in some specific applications in network power for the telecommunications industry. Exide will determine unique market needs, define the product offerings and assist in product packaging and systems integration. Electrovaya, on the other hand, will determine technical and manufacturing feasibility and develop products from the initial concept stage through full production.

After completion of a joint development program, Electrovaya will manufacture and develop cells to be integrated into finished products from initial concept through full production; Exide will market and distribute the products worldwide.