Electrovaya ups battery safety with SuperPolymer 2.0
Keywords:Electrovaya? lithium ion? battery? safety?
SuperPolymer 2.0 represents the integration of Electrovaya's automotive and grid knowledge with customer feedback, recent safety enhancements in the aerospace sector and their overall vision of the future design of advanced batteries. The company believes that the technology will meet the demands of a wide range of applications including electric vehicles, marine, telecom, grid and residential storage.
The Company has focused on enhancing its technology by adding more safety features on all levels of the battery system. Key improvements in the battery system include:
The module-level and system-level improvements are a result of intensive development at Electrovaya as well as the addition of intellectual property acquired from Tata Motors through the August 2012 acquisition of Miljobil.
During this technology transition period, there was a reduced output resulting in lower revenues and deferred sales in the last few quarters. The company expects its Q2 FY 2013 revenue to be approximately $350,000$400,000. With the present launch of the SuperPolymer 2.0 battery system, Q3 FY 2013 revenues are expected to ramp up. Electrovaya has a large and growing sales pipeline in the Electric Vehicle, Energy Storage, Marine Transportation and Mobile Power markets.
The SuperPolymer 2.0 will be produced using Electrovaya's green manufacturing process, which avoids using a toxic chemical called N-Methyl Pyrrolidone (NMP), unlike most lithium ion battery manufacturers. NMP is known to have a negative effect on human health and many countries have set occupational exposure limits. Electrovaya enjoys certain benefits from this production process as it believes it has operational cost savings of up to 50 per cent compared to others and in addition, users of the lithium ion battery systems can gain a social benefit from the use of eco-friendly battery systems.
For more information, visit www.electrovaya.com.
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