Electrovaya's Subsidiary Litarion GmbH Announces a Supply Agreement for Graphite NMC Lithium-ion Electrodes with Leclanché

Toronto, Ontario – Electrovaya Inc. (TSX: EFL) today announced that Leclanché S.A. (SIX Swiss Exchange: LECN) and Litarion GmbH, the wholly-owned subsidiary of Electrovaya, have entered into a supply agreement for the manufacture and commercialization of Lithium ion storage systems incorporating electrodes from Litarion. Leclanché specializes in the production of large-format lithium-ion cells and energy storage and Litarion GmbH specializes in the research, development, and manufacturing of high performance NMC based electrodes. The two companies will build on the extensive experience that Litarion has gained in the manufacturing of electrodes over the last 10 years and the strong cell production know-how and capability that Leclanché has implemented at its German subsidiary located in Willstaett.

This agreement is the result of several months of joint collaboration and sees two of Europe’s largest lithium ion production capacities increasing their collaboration.

Pierre Blanc, Leclanché’s Chief Technical and Industrial Officer commented: “I am delighted that we have concluded this agreement with Litarion GmbH, whose electrode development and production capability is world class. Through this agreement two of Europe’s largest lithium ion manufacturing capabilities are tightening their relationship to offer the market leading electrochemical storage systems. The combination of Litarion’s capabilities in electrode manufacturing, and Leclanché’s state of the art cell manufacturing using our proprietary manufacturing and separator technology have resulted in lithium ion cells with outstanding performance. Through this agreement we further secure this collaboration.”

André Mecklenburg, Litarion´s Chief Operational Officer commented:“The last six months has been a period of constant change at Litarion GmbH. Shifting from a one-hundred-percent supplier to the automotive industry, we are now focusing on the emerging market of energy storage systems and industrial applications.

We are extremely happy having this supply contract with Leclanché, fitting excellently in our new core field of business. We are confident that the combination of our high performance electrodes together with Leclanché´s outstanding cell assembly know-how will lead to joint commercial success.”

About Litarion GmbH

Litarion GmbH manufactures electrodes and ceramic separators for large-format, highly efficient lithium ion battery cells marketed under the brand names LITARION® and SEPARION®, using the latest coating and process technologies. Mainly based on NMC cathodes, graphite anodes and SEPARION® (a benchmark in ceramic separator technology), Litarion offers tailor-made solutions for its customers.

Litarion was established in 2008 as a subsidiary of Evonik Industries AG, supplying components for Lithium Ion cells and batteries mainly for the automotive industry. Litarion in April 2015 became a 100% subsidiary of Electrovaya Inc., a public company listed in the Toronto Stock Exchange (TSX: EFL). Litarion GmbH is now focusing on components for Energy storage and industrial applications battery systems in addition to its existing automotive business.

Litarion has more than 150 employees and an annual production capacity of 500 MWh (anode, cathode and separator). The company has its headquarters and production facilities in Kamenz/Saxony (Germany) and is TS 16949 certified.

For more information please go to: www.litarion.de and www.electrovaya.com.

About Electrovaya Inc:

Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® 2.0 batteries, battery systems, and battery-related products for the clean electric transportation, utility-scale energy storage and smart grid power, consumer and healthcare markets. The Company's mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company's other mission is to deliver utility-scale energy storage systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has facilities in Canada as well as in the US and Europe, and customers around the globe.

Website: www.electrovaya.com

Twitter: @Electrovaya

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