SOURCE: Electrovaya Inc.

Electrovaya Inc.

September 14, 2016 06:30 ET

Electrovaya Added to Both the S&P/TSX Renewable Energy & Clean Technology Index and the S&P/TSX SmallCap Index

TORONTO, ON--(Marketwired - September 14, 2016) - Electrovaya (TSX: EFL) (OTCQX: EFLVF) is pleased to announce that it has been selected by S&P Dow Jones Indices to join the S&P/TSX Renewable Energy & Clean Technology Indices and the S&P/TSX SmallCap Indices. Inclusion in the indices is based upon a number of criteria including market capitalization and liquidity.

The changes in the indices will take place after the close of trading on Friday, September 16, 2016.

Commenting on the inclusion in the S&P/TSX indices, Dr. Sankar Das Gupta, Electrovaya's Chairman and CEO, stated, "We are honoured to be added to both the S&P/TSX Renewable Energy & Clean Technology Indices and the S&P/TSX SmallCap indices. I believe this demonstrates not only the development of the Company over the last 12 months but also its place as an important participant in the quest for a cleaner environment."

Electrovaya also announced that it will be speaking/participating at the following green technology events:

  • SolarPower International, Las Vegas, Nevada, USA September 12-15, 2016;
  • The Battery Show, Novi, Michigan, USA September 13-15, 2016;
  • BusCon Expo, Indianapolis, Indiana, USA September 19-21, 2016;
  • eCarTec, Munich, Germany October 18-20, 2016;and,
  • IDTechEx, Santa Clara, California, USA November 16-17, 2016.

About Electrovaya Inc.

Electrovaya Inc. (TSX: EFL) (OTCQX: EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymer® 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 cells, electrodes and SEPARION™ ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.

To learn more about how Electrovaya and Litarion is powering mobility and energy storage, please explore www.electrovaya.com, www.litarion.com and www.separion.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 technology, production plans, the Company's markets, objectives, goals, strategies, intentions, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied 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 currency rates and creditworthiness of customers); Company liquidity 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 documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • For more information, please contact:
    Electrovaya Inc.
    Email: ir@electrovaya.com
    Phone: (905) 855-4618