January 22, 2007

Electovaya Launces Higher Eneargy Density, Lower Cost "MN-Series" Li-ion Battery
Electrovaya Inc. (OTC: EFLV.PK), Toronto, Canada has launched the "MN-Series" Lithium Ion SuperPolymer® battery technology. The MN-Series, which is a Lithiated Manganese Oxide based system, differentiates itself from Electrovaya's Phosphate-Series solution with up to 50% higher energy density while retaining its safety characteristics.