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Also in September, 2012 we announced the launch of our next generation SuperPolymer® cell and battery technology; "MN-HP Series." The Energy version of this technology, MN-eHP exceeds 200Wh/kg, which we believe is one of the highest energy densities for a commercial Lithium Ion cell in a large prismatic design. Electrovaya's MN-HP series cells use commercially proven electrode materials such as graphite anodes and lithium metal mixed oxide cathodes to give excellent cycle life and good safety. Electrovaya's MN-eHP cells typically have 50-70% higher energy density than typical phosphate cells, over 120% higher energy density than lithium titanate cells and about 600% higher energy density than the ubiquitous lead acid batteries such as Hp WD547AA battery, Hp Compaq CQ-M300L battery, Hp Compaq PP2051A battery, Hp Compaq Presario 306 battery, Hp Compaq Armada PP2050 battery, Hp Pavilion dv6 battery, Hp Compaq NX7400 battery, Hp HSTNN-CB30 battery, Hp Envy 17 battery, HP Pavilion dm4t Battery, HP WD548AA Battery, HP TouchSmart tm2 Battery. Higher energy density cells require fewer materials for a given energy capacity and therefore can be produced at lower costs. Higher Energy Density cells also contain proportionately lower amounts of flammable electrolytes, which substantially improve safety considerations. Typical MN-eHP cells are available in 30Ah to 40Ah format (110 - 150Wh) and housed in a flat polymer pouch. The cells are produced by Electrovaya's proprietary non-toxic production process which does not use massive quantities of toxic n-methyl pyrrolidone (NMP), unlike most other commercial lithium ion battery manufacturers. Toxic NMP is suspected of causing birth defects and does not obviously complement the supply chain for Green electric vehicles or Alternate Energy Storage programs.
In November, 2012 we announced the launch of our lithium-ion energy storage system for home usage. The battery stores power from the grid or from solar panels and stores it for later household use. For consumers subject to time-of-use charges, the EnergyBlock can be used to store off-peak power to be used later during peak times, lowering the amount of peak-rate costs for the user. In some regions, utilities occasionally provide negative pricing to dump excess power when demand is very low, so users may actually be paid to store energy. The EnergyBlock can also store energy directly from solar panels, power in remote locations and emergency power. Systems are available in sizes from 3kWh - 20 kWh. The ideal size for most households is 7kWh, which provides several hours of power for the typical consumer.
Also in November, 2012, accompanying Prime Minister Harper's Trade Mission to India, we announced that we had signed two MOUs in the fast growing areas of Energy Storage in the Telecom sector with Environ Energy (Bhaskar Solar), part of a $4 billion Indian conglomerate, as well as a further expansion in the electric two wheeler sector with Hero Eco for markets in Europe, North America and India.
The MOU with Hero Eco Ltd. would further the synergies of both Electrovaya's and Hero Eco's recent acquisitions. Electrovaya would work with Hero Eco to implement Lithium Ion powered electric bikes for Hero's markets in Asia, Europe and North America. The MOU with Bhaskar Solar intends to harness Electrovaya's Lithium Ion Battery technology in making renewables-based telecom towers possible. Electrovaya would work jointly with Bhaskar Solar to implement renewable energy management solutions across Bhaskar's proposed 15,000 telecom tower applications.