(Alliance News) - Elsa Solutions Spa on Friday announced that the certification process for the Italian Naval Registry's issuance of the Type Approval Certificate for Aliant lithium batteries of the MEP series has been successfully concluded.

The company explained in a note that the Type Approval Certificate issued by the RINa allows the modular solution based on the battery model 51NEK285 to be installed in storage systems for hotel services and hybrid and electric propulsion inside vessels and ships longer than 24 meters.

"This certificate therefore allows for the expansion of the target market for the company's products in the marine sector in Italy, where the company already currently operates, through the further offering of modular storage solutions suitable for installation even in larger vessels than those currently served by the issuer, which will allow access to new market segments and customers.

On Friday, Elsa Solutions closed 1.9 percent in the red at EUR4.16 per share.

By Claudia Cavaliere, Alliance News reporter

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