Mississauga, Ontario – February 6, 2002 – Electrofuel Inc. (TSE:EFL) announced today that it will release its financial results for the first quarter of fiscal 2002 year after market close on Monday, February 11, 2002.
The company will hold a conference call with analysts and investors at 10:00 am (EST) onTuesday, February 12, 2002, during which Sankar Das Gupta, Chairman, President and CEO,and Paul Van Damme, Vice-President, Finance and CFO, will discuss the company’s financialresults for the period ended December 31, 2001.
Participants may listen to the call by dialing (888) 863-1556. The call also will be webcast liveon the Internet at www.electrovaya.com and www.newswire.ca/webcast/.
For those unable to participate, a taped rebroadcast will be available after the call until February19, 2002 at midnight. To access the rebroadcast, listeners may dial (800) 558-5253 and quote thereservation number 20 30 49 41
About Electrovaya
Electrovaya is the commercial name of Electrofuel Inc. The company develops, manufacturesand sells products using its proprietary lithium ion SuperPolymer™ rechargeable batterytechnology, which delivers the highest energy density level of any battery technology on themarket today. The company’s goal is to become the leading provider of portable power for thenotebook computer and wireless sectors, and to apply its technology to a broad spectrum ofalternative energy applications over the long term. Shares of Electrofuel Inc. trade on TheToronto Stock Exchange under the symbol EFL.
For more information about the company and its products, please visit our website atwww.electrovaya.com.For more investor information, please contact Paul Van Damme, Vice-President, Finance andCFO at (905-855-4636) or pvandamme@electrovaya.com.