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In May, 2012 we showcased our superior grid-scale Energy Storage Systems based on our proprietary, high energy density Lithium Ion SuperPolymer® battery at the annual Electricity Storage Association (ESA) conference in Washington DC. We highlighted our MWh-scale design solution with specific focus on its launch customers for whom industry-leading storage is provided in a small footprint. For example, a 1.5 MWh storage system can be incorporated into a 28' long container. The smaller product size assures higher reliability with fewer components and additional safety. Inherently versatile, the modular design structure of Electrovaya's Energy Storage System allows the scaling to storage capacity from kWh to MWh applications. Specifically, 28', 40' and 53' containerized units have been designed for several launch customers. The modular design allows for customizable storage capacities and system configurations. Superior safety and performance control are enhanced with multiple redundant system design features including an intelligent Battery like Hp EV087AA battery, Hp EX942AA battery, Hp Pavilion ZT3000 battery, Hp 337607-001 battery, Hp 337607-003 battery, Hp 398876-001 battery, Hp PB992A battery, Hp PB994A battery, Hp PB991A battery, HP Compaq PB994 Battery, HP Compaq NX6110 Battery, HP Compaq NC6400 Battery Management System. The utility-scale product line leverages Electrovaya's expertise as a Tier 1 supplier to automotive OEMs with the demands of high performance, tight packaging constraints, reliability and cost.
In July, 2012 we announced the introduction of the PowerPad 600. With an enormous 600 Watt hour energy storage capacity, the PowerPad 600 is an ideal replacement for existing lead acid and low energy density Lithium Ion batteries used in Hospitals, Construction sites, Warehouses, Telecommunications, Retail, Standby Power and wherever mobile power is required. The PowerPad 600 extends the PowerPad family of products and is in addition to the existing PowerPad 130.
In September, 2012 we announced that we had agreed to acquire a majority interest in Miljøbil Grenland AS (MBG). MBG is based in Porsgrunn, Norway and is a battery integrator with over $30 million invested in developing battery systems for automotive, maritime and similar applications. MBG is an excellent fit for Electrovaya as MBG does not manufacture lithium ion cells or battery management systems (BMS), but integrates externally manufactured cells and BMS into systems and battery packs. Electrovaya on the other hand manufactures both the fundamental lithium ion polymer cells as well as the intelligent battery management systems and previously had no European base of operations. Prior to Electrovaya's acquisition, MBG's revenue was focussed on its single OEM shareholder, while now its revenue focus will be throughout Europe.