NEWS
Electrovaya and Innovative Rail Technologies Enter into Strategic Supply Agreement for the Supply of Battery Systems for Electric Rail Applications
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) has entered into a Strategic Supply Agreement with Innovative Rail Technologies, (IRT) to provide Infinity battery systems for IRT's electric locomotive systems. IRT specializes in electrifying locomotives with its proprietary lithium-ion adaptive system, targeting applications in industrial operations, short line railroads, ports, defense, and commuter rail.
IRT's Partner, Mike Nicoletti, expressed enthusiasm about working with Electrovaya, citing the unique benefits of their Lithium-Ion HV-Battery system, including safety and long cycle-life. Electrovaya's CEO, Dr. Raj DasGupta, highlighted the company's competitive advantages in safety and cycle life for heavy-duty electrified applications, noting that this partnership enhances Electrovaya's sales reach and ability to serve large market opportunities in the rail sector.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) has entered into a Strategic Supply Agreement with Innovative Rail Technologies, (IRT) to provide Infinity battery systems for IRT's electric locomotive systems. IRT specializes in electrifying locomotives with its proprietary lithium-ion adaptive system, targeting applications in industrial operations, short line railroads, ports, defense, and commuter rail.
IRT's Partner, Mike Nicoletti, expressed enthusiasm about working with Electrovaya, citing the unique benefits of their Lithium-Ion HV-Battery system, including safety and long cycle-life. Electrovaya's CEO, Dr. Raj DasGupta, highlighted the company's competitive advantages in safety and cycle life for heavy-duty electrified applications, noting that this partnership enhances Electrovaya's sales reach and ability to serve large market opportunities in the rail sector.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
2311Followers
105Following
24KVisitors
Follow