Electrofuel Inc.(TSE: EFL) announced today that it hasformed an Advisory Board to assist management with business development, marketing andother activities. The Advisory Board will be led by Mr. Arif Maskatia, who has resigned fromthe Company’s board of directors in order to focus his time and efforts on this new initiative. TheCompany intends to add other qualified professionals to its Advisory Board to ensure it receivesthe advice and guidance it needs to grow its business.
Dr. Sankar Das Gupta, President & CEO, said that “The Advisory Board will play a critical rolein guiding the growth and development of the Company. We want to build on the existing levelof expertise brought to the Company by its Executive Management teamand the creation of anAdvisory Board will help facilitate this.”
About Electrovaya
The Company develops, manufactures and sells products using its proprietary lithium-ionSuperPolymer™ rechargeable battery technology, which delivers the highest energy densitylevel of any battery technology on the market today. The Company’s goal is to become theleading provider of portable power for the notebook computer and wireless sectors, and to applyits technology to a broad spectrum of alternative energy applications over the long term. TheCompany operates under the commercial name Electrovaya and its shares trade on The TorontoStock Exchange under the symbol EFL.
For more information aboutthe Company and its products, please visit our website at www.electrovaya.com.
For more information, please contact:
ElectrovayaPaul J. Van Damme
Vice-President, Finance & CFO
905-855-4636 pvandamme@electrovaya.com