Toronto, Ontario –
Electrovaya Inc. (TSX: EFL) today announced that it has sold its shareholdings in a private unrelated company for Cdn$1,015,000. These shares were originally received as a result of a small minority investment and as consideration for research and development services.
About Electrovaya Inc.
Electrovaya (TSX:EFL) is a leader in the field of portable power solutions with its award-winning, patented Lithium Ion SuperPolymer(R) battery technology. Its goal is to become the leading provider of tablet PCs, the premier supplier of portable power for aerospace and wireless sectors, and the principal technology champion in the development of alternative energy applications including UPS, stand-by power and zero-emission vehicles. The Company’s shares trade on the Toronto Stock Exchange under the symbol EFL.
For more information about the Company and its \products, please visit our website at www.electrovaya.com.
For more information, please contact:
P. Hart, Chief Financial Officer
Electrovaya Inc.
tel: 905-855-4636
email: plhart@electrovaya.com