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Electrovaya Inc.: Electrovaya Showcasing Its All-Electric Maya-300, Powered by a Lithium Ion SuperPolymer(R) Battery, at FedFle

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^{Published in Business and Finance on Wednesday, June 10th 2009 at 4:59 GMT, Last Modified on 2009-06-10 05:00:09 by Market Wire}  

MISSISSAUGA, ONTARIO--(Marketwire - June 10, 2009) - Electrovaya (TSX:EFL) today announced that it will be showcasing its all-electric Maya-300 car at the 9th National Motor Vehicle and Aviation Workshops and Exposition (FedFleet 2009) to be held July 28 -30 at the Sheraton Chicago Hotel & Towers and the Navy Pier located in Chicago, Illinois. FedFleet 2009 will include the GSA Automotive Federal Vehicle Standards breakout sessions and vendor presentations. This comprehensive collection of fleet management and automotive procurement sessions truly makes FedFleet 2009 a one-stop experience for Fleet and Automotive Management professionals.

Electrovaya is also announcing that it has received approval for a C$16.7 M grant from the government of Ontario to develop its patented Lithium Ion SuperPolymer^® battery technology. An advanced payment of $3.3 M has already been received.

"We are delighted to be participating in the upcoming conference as this provides us with an opportunity to show-case our new all-electric Maya-300 Low-Speed-Vehicle." says Dr. Sankar Das Gupta, CEO of Electrovaya. "The conference is a perfect venue to show the vehicle to potential customers al Fleet Policy Council, GSA's Office of Government-wide Policy and the Interagency Committee for Aviation Policy, and GSA Fleet."

About Electrovaya:

Electrovaya (TSX:EFL) is a world leader in the design, development and manufacture of its proprietary Lithium Ion SuperPolymer^® battery systems. Electrovaya's mission is to accelerate clean transportation as a commercial reality with its advanced power systems for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. Electrovaya also offers battery-related consumer products primarily focused on the healthcare market. For more information about the Company and its products, please visit our website at [ www.electrovaya.com ].