Electrovaya's Subsidiary Litarion, To Supply Electrodes to Leclanche for the 4.2 MWh Lithium Ion Battery Powering the World's Largest Full Electric Ferry

Berlin (ots) - Electrovaya's (TSX:EFL) fully owned subsidiary,
Litarion GmbH, announces its second program with Leclanché. Litarion
will supply the high performance value added anodes and cathodes to
Leclanché for the design and build of a 4.2 MWh lithium ion battery.
The battery will power the world's largest all electric ferry, to
operate in Denmark. The ferry will carry up to 130 passengers and 36
cars to the Daenish Aeroe island.

"We are delighted to supply Leclanché with high performance anodes
and cathodes from our operation in Germany. The Electrovaya Litarion
technology is well recognised to have the highest quality and we look
forward to this continuing relationship with Leclanché. Together we
are providing quality power and performance as well as superior
reliability and durability to the battery system", said Dr. Sankar
Das Gupta, CEO Electrovaya.

"Litarion's world class electrodes and production facilities
combined with Leclanché's state of the art cell manufacturing,
results in lithium ion cells with outstanding performance, for
powering the highly innovative and energy efficient ferry. This 4.2
MWh battery will replace the ferry's Diesel powered engine allowing
for energy savings of up to 50%", said Dr. Pierre Blanc, Leclanché's
Chief Technical Officer.

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL) designs, develops and manufactures
proprietary Lithium Ion Super Polymer2.0® batteries, battery systems,
and battery-related products for energy storage, clean electric
transportation and other specialized applications. Electrovaya,
through its fully owned subsidiary, Litarion GmbH, also produces
electrodes and SEPARION[TM] ceramic separators and has manufacturing
capacity of about 500MWh/annum. Electrovaya is a technology focused
company, with around 500 patents protecting its technology through
the combined Canadian and German groups. Headquartered in Ontario,
Canada, Electrovaya has production facilities in Canada and Germany
and customers around the globe. To learn more about how Electrovaya
is powering mobility and energy storage, please explore
http://www.electrovaya.com or http://www.litarion.com.

Forward-Looking Statements

This press release contains forward-looking statements, including
statements that relate to, among other things, revenue forecasts,
technology development progress, plans for shipment using the
Company's next generation 2.0 technology, production plans, the
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Company believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
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in making forward-looking statements, and actual results may differ
materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ
materially from expectations include but are not limited to: general
business and economic conditions (including but not limited to
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and capital resources, including the availability of additional
capital resources to fund its activities; level of competition;
changes in laws and regulations; legal and regulatory proceedings;
the ability to adapt products and services to the changing market;
the ability to attract and retain key executives; and the ability to
execute strategic plans. Additional information about material
factors that could cause actual results to differ materially from
expectations and about material factors or assumptions applied in
making forward-looking statements may be found in the Company's most
recent annual and interim Management's Discussion and Analysis under
"Risk and Uncertainties" as well as in other public disclosure
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revise any of the forward-looking statements contained in this
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For more information, please contact:
Electrovaya Inc.
Phone: 905.855.4618
Email: ir@electrovaya.com
sales@electrovaya.com