Toronto, Ontario
Electrovaya Inc. (TSX: EFL) announced today that it has signed a Memorandum of Understanding with Miljøbil Grenland AS of Norway to market Electrovaya’s Maya100 electric vehicle and promote the business of zero-emission electric vehicle technologies in Norway and neighboring countries. Miljøbil also issued an initial purchase order to Electrovaya, to support activities needed to showcase Electrovaya’s technology in Norway.
“Norway has long been the Global leader in its willingness and decisiveness to bring zero-emission transportation into the market” says Dr. Sankar DasGupta, CEO of Electrovaya. “We are excited to be working with the very experienced team at Miljøbil and their partners to market Electrovaya’s Clean Electric Car, Maya 100, and develop Electrovaya’s proprietary and award-winning Lithium Ion SuperPolymer® battery technology and systems designs for a long range, ultra-safe zero emission vehicle into the most receptive market in Europe for clean transportation.”
“The global need for clean transportation is quickly accelerating due to poor air quality, increasing health concerns of asthma and cancer, a growing mismatch between oil demand and supply, and environmental concerns” says Oddbjørn Solum, Managing Director of Miljøbil Grenland AS. “We are pleased to announce our partnership with Electrovaya to bring a much needed, long range, safe and clean transportation alternative.”
About Miljøbil Grenland AS:
Miljøbil Grenland AS, a professional fleet operator and marketer of Clean Zero Emission vehicles since 1997, is owned principally by Skagerak Energi, the regional utility company, Norsk Hydro a $25 billion leading European oil, energy and light metal company with operations in 40 countries, and Bellona a major environmental foundation. Miljobil began in the Grenland region of Norway and made a concerted push to clean up the local air pollution and has since become a leader in clean transportation provision and expertise. Miljøbil Grenland AS’ success to date exemplifies its strong partnerships and Norway’s global leadership in the search for clean transportation.
About Electrovaya:
Electrovaya’s goal is to become the leading provider of tablet PC’s, portable power for the notebook computer, aerospace and wireless sectors, and to apply its technology to a broad spectrum of alternative energy applications including UPS, stand-by power and zero-emission vehicles. It develops, manufactures and sells high value products globally using award winning patented proprietary lithium ion SuperPolymer® rechargeable battery technology, which delivers the highest energy density of any battery technology on the market today. Electrovaya has designed, developed and markets the ScribblerTMTablet PC which offers longer run time than any other Tablet PC currently available. Electrovaya’s shares trade on the Toronto Stock Exchange under the symbol EFL.
For more information about Electrovaya and its products, please visit www.electrovaya.com
Contact person:
Gitanjali Das Gupta,
Project Manager, Electric Vehicle
Telephone: 905.855.4610 extension 3002
Email:gdasgupta@electrovaya.com