Electrovaya Inc.

Electrovaya Inc.

October 25, 2005 19:00 ET

Miljobil's Zero Emission Electric Vehicle, Powered by Electrovaya, Launched in Norway

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) -

Electrovaya Inc. (TSX:EFL), a world leader in portable power solutions, today announced that a zero-emission electric car prototype has been launched in Norway by Miljobil Grenland AS. The launch of this vehicle, powered by Electrovaya's Lithium Ion SuperPolymer® battery, opened the "China, Environment and Energy Conference" in Langesund, Norway, attended by delegations from China, Scandinavia, World Bank and others.

"The adoption of clean electric vehicles has been hampered by the lack of advanced battery technology. Electrovaya's battery technology triples the range of electric cars presently available in Europe, and we believe it is the breakthrough technology necessary to introduce zero-emission vehicles into Norway, Scandinavia and China," says Oddbjorn Solum, Managing Director of Miljobil Grenland AS.

"Sustainable development, energy and environmental resources are negatively affected as a result of the burning of hydrocarbons in traditional methods of transportation. Clean electric power for transportation is urgently required, and Electrovaya's SuperPolymer® battery system technology is a potential immediate solution in this area of clean vehicles," says Dr. Sankar DasGupta, CEO of Electrovaya. "We are pleased that Norway and Miljobil are taking a leadership position in the introduction of zero emission vehicles."

About Miljobil Grenland AS:

Miljobil Grenland AS, a professional fleet operator and marketer of Clean Zero Emission vehicles since 1997, is owned principally by Skagerak Energi, the regional utility company, Norsk Hydro, a $25 billion leading European oil, energy and light metal company with operations in 40 countries and Bellona, a major environmental foundation. Miljobil began business in the Grenland region of Norway, made a concerted push to clean up the local air pollution and has since become a leader in clean transportation provision and expertise. Miljobil Grenland AS' success to date exemplifies its strong partnerships and Norway's global leadership in the search for clean transportation.

About Electrovaya:

Electrovaya is a world leader in the field of portable power solutions with its award-winning, patented Lithium Ion SuperPolymer® 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. For more information please visit www.electrovaya.com.

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