TORONTO, March 26, 2019 /CNW/ - Electrovaya Inc.
("Electrovaya") (TSX: EFL; OTCQX: EFLVF) and Badger Technologies™,
a product division of Jabil Inc., will display its fully autonomous
robot and corresponding lithium ion battery at Electrovaya's booth
at ProMat 2019 to be held April 8-11
at Chicago's McCormick Place.
Each Badger Technologies autonomous robot is powered by
Electrovaya's Lithium Ion battery system. The Electrovaya
battery system features a high energy density design with an
advanced battery management system and lithium ion cells with
advanced ceramic separators. These systems are optimized to
maximize energy, cycle life and safety.
The Badger Technologies' robot and the Electrovaya battery
system will be on display at the Electrovaya booth (Booth: N6124)
at ProMat along with accompanying staff from both companies.
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) designs,
develops and manufactures proprietary lithium ion batteries,
battery systems, and battery-related products for energy storage,
clean electric transportation and other specialized applications.
Electrovaya is a technology focused company with extensive IP.
Headquartered in Ontario, Canada,
Electrovaya has production facilities in Canada with customers around the globe.
To learn more about how Electrovaya is powering mobility and
energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements that relate to, among other things,
anticipated increased collaboration with OEMs in fiscal 2019,
anticipated continued increase in sales momentum in fiscal 2019
through OEMs and directly to large global companies, including
Fortune 500 companies, the effect of Litarion's insolvency filing
on the Company's financial position and performance, the future
direction of the Company's business and products, the effect of a
structured sale of Litarion, including on the Company's overhead
and operations, the Company's ability to source supply to satisfy
demand for its products and satisfy current order volume, the
Company's markets, objectives, goals, strategies, intentions,
beliefs, expectations and estimates, and can generally be
identified by the use of words such as "may", "will", "could",
"should", "would", "likely", "possible", "expect", "intend",
"estimate", "anticipate", "believe", "plan", "objective" and
"continue" (or the negative thereof) and words and expressions of
similar import. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and undue reliance
should not be placed on such statements. Certain material factors
or assumptions are applied in making forward-looking statements,
and actual results may differ materially from those expressed or
implied in such statements. Important factors that could cause
actual results to differ materially from expectations include but
are not limited to: that current customers will continue to make
and increase orders for the Company's products, that the Company's
alternate supply chain will be adequate to replace material supply
and manufacturing, that the Company's interpretation of the effect
of any comfort given to Litarion's auditors of the Company's
financial support for Litarion's operations is correct, and that
Litarion's insolvency process will proceed in an orderly fashion
that will satisfy Litarion's debt without a significant negative
effect on the Company or its assets. Important factors that could
cause actual results to differ materially from expectations include
but are not limited to: actions taken by creditors and remedies
granted by German courts in the Litarion insolvency proceedings and
their effect on the Company's business and assets, negative
reactions of the Company's existing customers to Litarion's
insolvency process, general business and economic conditions
(including but not limited to currency rates and creditworthiness
of customers), Company liquidity and capital resources, including
the availability of additional capital resources to fund its
activities, level of competition, changes in laws and regulations,
legal and regulatory proceedings, the ability to adapt products and
services to the changing market, the ability to attract and retain
key executives, and the ability to execute strategic plans.
Additional information about material factors that could cause
actual results to differ materially from expectations and about
material factors or assumptions applied in making forward-looking
statements may be found in the Company's Annual Information Form
for the year ended September 30, 2018
under "Risk Factors", and in the Company's most recent annual and
interim Management's Discussion and Analysis under "Qualitative and
Quantitative Disclosures about Risk and Uncertainties" as well as
in other public disclosure documents filed with Canadian securities
regulatory authorities. The Company does not undertake any
obligation to update publicly or to revise any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except as
required by law.
SOURCE Electrovaya Inc.