Electrovaya (NASDAQ/TSX: ELVA) has been awarded a Clean Technology recognition in Deloitte’s 2024 Technology Fast 50 program for the second consecutive year. The award acknowledges Canada’s leading clean innovators reducing environmental impacts. The company’s Infinity Battery technology, known for its longevity and safety features, has been successfully commercialized and is being implemented in various mission-critical applications. To qualify for the Clean Technology category, companies must demonstrate revenue growth from $50,000 in 2020 to $5 million in 2023, with the majority of revenue coming from environmentally beneficial products or services.
Electrovaya (NASDAQ/TSX: ELVA) è stata premiata con un riconoscimento per la Tecnologia Pulita nel programma Deloitte Technology Fast 50 del 2024 per il secondo anno consecutivo. Il premio riconosce i principali innovatori canadesi nella sostenibilità che riducono gli impatti ambientali. La tecnologia della Batteria Infinity dell’azienda, nota per la sua longevità e le sue caratteristiche di sicurezza, è stata commercializzata con successo e viene implementata in diverse applicazioni mission-critical. Per qualificarsi nella categoria Tecnologia Pulita, le aziende devono dimostrare una crescita dei ricavi da 50.000 dollari nel 2020 a 5 milioni di dollari nel 2023, con la maggior parte dei ricavi provenienti da prodotti o servizi ecologici.
Electrovaya (NASDAQ/TSX: ELVA) ha sido galardonada con un reconocimiento de Tecnología Limpia en el programa Deloitte Technology Fast 50 de 2024 por segundo año consecutivo. Este premio reconoce a los principales innovadores limpios de Canadá que están reduciendo el impacto ambiental. La tecnología de la Batería Infinity de la empresa, conocida por su longevidad y características de seguridad, ha sido comercializada con éxito y se está implementando en diversas aplicaciones críticas. Para calificar en la categoría de Tecnología Limpia, las empresas deben demostrar un crecimiento de ingresos de 50,000 dólares en 2020 a 5 millones de dólares en 2023, con la mayoría de los ingresos provenientes de productos o servicios ecológicos.
Electrovaya (NASDAQ/TSX: ELVA)는 Deloitte의 2024 기술 빠른 50 프로그램에서 연속으로 두 번째 해에 청정 기술 인정을 받았습니다. 이 상은 캐나다의 주요 청정 혁신가들이 환경 영향을 줄이는 것을 인정합니다. 회사의 Infinity 배터리 기술은 내구성과 안전성으로 잘 알려져 있으며, 성공적으로 상용화되어 다양한 미션 크리티컬 애플리케이션에 적용되고 있습니다. 청정 기술 분야에 선정되기 위해서는 2020년 5만 달러에서 2023년 500만 달러로 매출 성장을 보여주어야 하며, 대부분의 매출은 환경 친화적인 제품 또는 서비스에서 발생해야 합니다.
Electrovaya (NASDAQ/TSX: ELVA) a été récompensée par une reconnaissance en Technologie Propre dans le programme Deloitte Technology Fast 50 de 2024 pour la deuxième année consécutive. Ce prix reconnaît les principaux innovateurs canadiens dans le domaine de la propreté qui réduisent les impacts environnementaux. La technologie de la Batterie Infinity de l’entreprise, connue pour sa durabilité et ses caractéristiques de sécurité, a été commercialisée avec succès et est mise en œuvre dans diverses applications critiques. Pour se qualifier dans la catégorie Technologie Propre, les entreprises doivent démontrer une croissance de revenus de 50 000 $ en 2020 à 5 millions $ en 2023, la majorité des revenus devant provenir de produits ou services bénéfiques pour l’environnement.
Electrovaya (NASDAQ/TSX: ELVA) wurde zum zweiten Mal in Folge mit einem Clean Technology Award im Deloitte Technology Fast 50 Programm 2024 ausgezeichnet. Der Preis würdigt Kanadas führende saubere Innovatoren, die die Umweltauswirkungen reduzieren. Die Infinity-Batterietechnologie des Unternehmens, bekannt für ihre Langlebigkeit und Sicherheitsmerkmale, wurde erfolgreich kommerzialisiert und wird in verschiedenen mission-kritischen Anwendungen eingesetzt. Um sich in der Kategorie Clean Technology zu qualifizieren, müssen Unternehmen ein Umsatzwachstum von 50.000 USD im Jahr 2020 auf 5 Millionen USD im Jahr 2023 nachweisen, wobei der Großteil des Umsatzes aus umweltfreundlichen Produkten oder Dienstleistungen stammt.
Positive
- Recognition in Deloitte’s Technology Fast 50 program for second consecutive year indicates sustained growth
- Company achieved significant revenue growth from $50,000 (2020) to at least $5 million (2023)
- Successful commercialization and growing implementation of Infinity Battery technology
Insights
While recognition in Deloitte’s Clean Technology awards is positive for brand visibility, this news has minimal direct financial impact. The award criteria of
TORONTO, ON / ACCESSWIRE / November 7, 2024 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has received a Clean Technology award as part of Deloitte’s 2024 Technology Fast 50 program for the second consecutive year. Launched in 2021, this leadership category recognizes Canada’s top clean innovators providing processes, goods, or services that reduce environmental impacts.
“We are pleased to make this list for the second year running. Electrovaya’s Infinity Battery technology is a game changing battery technology that provides industry leading longevity and safety. Over the last few years, Electrovaya has successfully commercialized this technology and it continues to be implemented at a growing number of mission critical applications.” said, Dr. Raj DasGupta, CEO at Electrovaya.
“These visionary companies are driving a wave of disruption in the clean tech sector, reshaping industries and challenging traditional norms,” emphasized Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. “By harnessing cutting-edge technologies and innovative business models, these winners are unlocking new possibilities and propelling us towards a more sustainable future. Their groundbreaking solutions not only address pressing environmental challenges but also create immense economic opportunities. As we navigate an era of unprecedented change, these exceptional companies are leading the charge in unlocking disruption and transforming the clean tech landscape.”
Eligibility in the Clean Technology category requires applicants to meet the same criteria as Technology Fast 50 nominees except they must have a minimum revenue of
The majority of revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resource circulation (reduce, reuse, and recycle), or environmental preservation and safety.
About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise-Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.
Investor and Media Contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
SOURCE: Electrovaya, Inc.
View the original press release on accesswire.com
FAQ
What award did Electrovaya (ELVA) receive in 2024?
Electrovaya received a Clean Technology award as part of Deloitte’s 2024 Technology Fast 50 program for the second consecutive year.
What are the revenue requirements for Deloitte’s Clean Technology category that Electrovaya (ELVA) met?
Companies must have a minimum revenue of $50,000 in 2020 and $5 million in 2023 to qualify for the Clean Technology category.
What is Electrovaya’s (ELVA) main technology product mentioned in the award?
Electrovaya’s main product is the Infinity Battery technology, known for its industry-leading longevity and safety features.