Electrovaya Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management System

Generation V BMS System Optimized for new Electrovaya's High Voltage Applications has achieved UL991 and UL 1998 Recognition

TORONTO, ON / ACCESSWIRE / February 27, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, today announced that its latest generation of battery management system technology ("BMS") has been approved by UL. The GEN V Battery Management System (BMS) has been successfully evaluated for conformity with both UL 991, which pertains to safety-related controls utilizing Solid-State devices, and UL 1998, addressing Software in programmable components.

Foto: Accesswire

The GEN V BMS boasts a robust design that has endured years of rigorous operational conditions without encountering any failures or safety incidents. The hardware and software are internally developed, tailored precisely to the specific application requirements. The new BMS platform also features remote capabilities for battery monitoring, along with advanced Fleet/Warehouse battery analytics facilitated by EVISION, augmenting its utility and functionality in fleet and warehouse management contexts.

"Our latest BMS system is a key piece of technology for our new high voltage battery system products that will be utilized in a wide variety of verticals.," said Dr. Raj DasGupta, CEO of Electrovaya. "The UL approvals required rigorous testing and review and provide a third party validation for an important part of our latest battery system design."

The Company continues plans to exhibit its latest battery system products at MODEX 2024, March 11th-14th in Atlanta and at the Advanced Clean Technology Expo (ACT) on May 20th to 23rd in Las Vegas.

For more information, please contact:
Investor and Media Contact:
Jason Roy
Director, Corporate Development and Investor Relations
Electrovaya Inc.
[e-mail]
905-855-4618

Brett Maas
Hayden IR
[e-mail]
646-536-7331

About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry-leading battery longevity. The Company is also developing next-generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000-square-foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.