Electrovaya Announces Change in Management

  • Toronto, Ontario –
  • October 4, 2006
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Electrovaya Inc.

Toronto, Ontario
Electrovaya Inc. (TSX: EFL) (the “Company”) announced today that it has accepted the resignation of Dr. James Jacobs, a co-founder and former Chief Technology Officer of the Company. Dr. Jacobs will remain available as a consultant to the Company to assist in its ongoing scientific and engineering endeavours.

About Electrovaya Inc.

Electrovaya (TSX: EFL) is a developer and manufacturer of portable power solutions with its proprietary Lithium Ion SuperPolymer® 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. The Company’s shares trade on the Toronto Stock Exchange under the symbol EFL. For more information on Electrovaya and its products, please visit www.electrovaya.com.

For more information aboutthe 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