Electrovaya Inc., (TSX: EFL) developer and manufacturer of proprietary Lithium Ion SuperPolymer® battery systems for energy storage, electric vehicles and other applications, announced that the magazine Corporate Knights, the Magazine for Clean Capitalism, had listed Electrovaya as one of the 10 most promising Cleantech companies traded on a Canadian exchange.
The Cleantech 10 list was created by Rafael Coven, Managing Director and Index Manager of The Cleantech Index (CTIUS; cleantechindex.com). It underlies several Index-based funds such as the PowerShares Cleantech ETF and covers a broad array of industries. Coven sought out technology-driven growth companies that have big impacts on resource efficiencies and the environment.
“We are very honoured that Electrovaya has been selected for inclusion in the Cleantech 10, as one of the 10 most promising Cleantech companies traded on a Canadian Exchange,” said Paul Hart, Chief Financial Officer of Electrovaya. “We believe there is a large and growing Global demand for Energy Storage, especially as policy-makers realize that Energy Storage is an essential component of wind or solar generation and a key driver for Climate Change Mitigation.” Mr. Hart continues “We also believe the need for Energy Storage will increase as the emphasis on Feed-In Tariff Programs is reduced.”
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company’s mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company’s other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com.
For more information, please contact:
Electrovaya Inc.
Telephone: 905.855.4618
Email: ir@electrovaya.com
Forward-Looking Statements
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