Electrofuel Inc. (TSE: EFL) announced todaythat it has signed anagreement with Hartco Inc. in Canada. Hartco will distribute Electrovaya’s line of PowerPad SuperPolymer™batteries for laptop computers through its franchised network of computer resellers across Canada. Hartco is thelargest franchisor of computer resellers in Canada. It operates under the Compusmart, Compucentre andMicroage banners and has over 140 retail stores with $500 million in sales.
“Hartco’s network of franchisees has unmatched coverage across Canada. This network, combined with itsreputation for high quality of service, will give Electrovaya valuable exposure across a wide spectrum of theCanadian IT marketplace from major corporate accounts to the retail end-user customer.” said Pat McCool, Vice-President of Sales and Marketing for Electrovaya.
“We are very happy to be bringing them on as a vendor,” said Howard Hart, Vice President of ProductManagement, “Electrovaya will fill a void that we once had on high capacity notebook batteries which areunique and new to the marketplace. We have already received great feedback from our resellers and see agreat future with this product line”.
About Electrovaya
The Company develops, manufactures and sells products using its proprietary lithium-ion SuperPolymer™rechargeable battery technology, which delivers the highest energy density level of any battery technology onthe market today. The Company’s goal is to become the leading provider of portable power for the notebookcomputer and wireless sectors, and to apply its technology to a broad spectrum of alternative energyapplications over the long term. The Company operates under the commercial name Electrovaya and its sharestrade on The Toronto Stock Exchange under the symbol EFL.
For more information aboutthe Company and its products, please visit our website at www.electrovaya.com.
About Hartco Enterprises Inc.
The company is the largest franchisor of system integrators, computer resellers and computer retailers inCanada represented in over 140 locations across the country with revenues over $500 million. The Company isalso a leading provider of communications products and solutions through its retail chain The TelephoneBooth with a network of 34 stores in Quebec, Ontario and Alberta. The company operates under thecommercial name Hartco Enterprises Inc. and its shares trade on The Toronto Stock Exchange under thesymbol HTC.
For more information, please contact:
Electrofuel Inc. Paul J. Van Damme
Vice -President, Finance & CFO
905-855-463 pvandamme@electrovaya.com
iContact Michael Van Dusen
6416-926-4291 michael.vandusen@icontact.ca
Hartco Enterprises Inc.
www.Hartco.ca