The PowerPad line of portable computer batteries immediately available to consumers
Toronto, Ontario – March 6, 2002 – Electrofuel Inc. (TSE: EFL) announced todaythat it has signed anagreement with CompuSmart Canada to supply its PowerPad line of portable computer batteries toCompuSmart’s retail locations across Canada. This agreement will enable Electrovaya to market itsSuperPolymer™ laptop batteries to the retail end-user market. CompuSmart is part of the largest Canadianfranchisor of computer retailers and resellers, Hartco Corporation (TSE:HCC), which has annual sales ofover $600 million.
“This is the natural next step for Electrovaya. We have been in the distribution and reseller market for fivemonths, it was only logical that we move to the retail market,” said Pat McCool, Vice President Sales andMarketing for Electrovaya. “We have had numerous enquiries over the last few years regarding theavailability of our PowerPad products at the retail level and now with CompuSmart providing our productsthey are immediately available to consumers,” said Mr. McCool.
CompuSmart is the only large-format computer retailer available in Canada, dedicated to strictly sellingcomputer hardware, software and peripherals. As the largest franchisor of computer retailers in Canada,CompuSmart offers consumers access to unmatched coverage and exposure across the country.
“We are happy to be bringing on Electrovaya as a supplier,” said Adam Bazuk, President of CompuSmartToronto. “Electrovaya’s PowerPad batteries provide an innovative and unique accessory to the notebooksthat CompuSmart offers. Until now, high capacity notebook batteries of this quality were not readilyavailable to consumers. This partnership has changed that and made it possible.”
About Electrovaya
The Company develops, manufactures and sells products using its proprietary lithium-ionSuperPolymer™ rechargeable battery technology, which delivers the highest energy density level of anybattery technology on the market today. The Company’s goal is to become the leading provider ofportable power for the notebook computer and wireless sectors, and to apply its technology to a broadspectrum of alternative energy applications over the long term. The Company operates under thecommercial name Electrovaya and its shares trade on The Toronto Stock Exchange under the symbolEFL.
For more information aboutthe Company and its products, please visit our website at www.electrovaya.com
About CompuSmart
CompuSmart is Canada’s only national large-format computer retail network with over 20 locationsserving 15 markets across Canada. CompuSmart is a part of Hartco Corporation, the largest franchisor ofsystems integrators, computer resellers and computer retailers in Canada. CompuSmart locations eachhave an outbound sales force addressing the business market. Clients can also shop online atwww.CompuSmart.com for a “clicks-and-mortar” experience which is integrated with store operations.
For more information, please contact:
Electrovaya
Paul J. Van Damme
905-855-4636
pvandamme@electrovaya.com
iContact Communications
Katherine Raso
416-504-6444 ext
Katherine.raso@icontact.ca
CompuSmart Toronto
Adam Bazuk
416-926-2493. 271
adamb@toronto.compusmart.com