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10/06/21 4:15 PM

#911 RE: BornAgain #910

Electrovaya Announces Increased Battery Capacities and New UL Listings
Increasing battery capacity by 7% for all current battery models and UL listing for additional models
TORONTO, ON / ACCESSWIRE / October 5, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced that all of its battery models will be receiving a capacity increase of approximately 7%. This change has also been reflected in the UL files for Electrovaya batteries, in which new model numbers are used to reflect the capacity increases. Furthermore, additional models have been added to the UL file, expanding the number of Electrovaya UL-listed offerings.
"This increase in battery capacity further cements the leading performance standards of Electrovaya's high energy density products," said Dr. Raj Das Gupta, COO of Electrovaya. "Electrovaya continues to provide battery systems with industry-leading safety and cycle life, meeting the demands of the most demanding applications."