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Stock impact report

Electrovaya Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management System [Yahoo! Finance]

Electrovaya Inc. (ELVA) 
Company Research Source: Yahoo! Finance
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. 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 functio Show less Read more
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