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Electrovaya Announces Us$198,000 Award For Solar Energy Storage Devices

  • Toronto, Ontario –
  • February 27, 2006
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Toronto, Ontario – Electrovaya Inc. (TSX: EFL) today announced thatthe United States Air Force has awarded a contract to Electrovaya, totaling approximately US$198,000. The contract is to deliver a portable power energy system with integrated energy storage systems and associated electronics.

About Electrovaya Inc.

Electrovaya (TSX: EFL) is a developer and manufacturer of portable power solutions with its proprietary Lithium Ion SuperPolymer(R) battery technology. Its goal is to become the preferred provider of tablet PCs, portable power for aerospace and wireless sectors, and the developer of alternative energy applications including UPS, stand-by power, plug-in hybrids and zero-emission vehicles. For more information on Electrovaya and its products, please visit www.electrovaya.com

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:
Ashley Ainsworth,
Electrovaya Inc.
tel: 905-855-4610 Extension 3061
email: aainsworth@electrovaya.com