06:15:35 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Electrovaya Inc
Symbol EFL
Shares Issued 87,862,674
Close 2017-04-07 C$ 2.30
Market Cap C$ 202,084,150
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Electrovaya appoints McGuinty to board

2017-04-07 06:52 ET - News Release

Dr. Sankar Das Gupta reports

DALTON MCGUINTY, ONTARIO'S 24TH PREMIER, JOINS ELECTROVAYA BOARD OF DIRECTORS

Dalton McGuinty has joined the Electrovaya Inc. board of directors. Mr. McGuinty will also serve as strategic adviser to the company. Mr. McGuinty was Premier of Ontario for three consecutive terms from 2003 to 2013.

While premier, Mr. McGuinty made clean technology and innovation a priority, creating Canada's first Ministry of Research and Innovation with himself as minister. Among Mr. McGuinty's many climate change mitigation initiatives, shutting down Ontario's coal plants became the single biggest carbon dioxide reduction in North America.

During 2013/2014, Mr. McGuinty was a senior fellow at Harvard University's Weatherhead Center for International Affairs. Mr. McGuinty is presently on the board of directors of Innergex Renewable Energy, a reporting issuer and a Toronto Stock Exchange-listed company. As well, he sits on the board of directors of Pomerleau Inc., and serves as special adviser to the chief executive officer of D2L Corp. Mr. McGuinty is also a senior fellow at the University of Toronto School of Public Policy and Governance, and he sits on the board of directors of the University of Ottawa Heart Institute.

"I look forward to working with Electrovaya at a time when the world is eager for energy storage solutions," said Mr. McGuinty. "I am proud to be associated with a Canadian company with an exciting disruptive technology of value to the world."

"Lithium-ion batteries are the holy grail of energy transformation and Mr. McGuinty's passion and experience will be a wonderful asset to Electrovaya," said Dr. Sankar Das Gupta, chairman and chief executive officer, Electrovaya.

About Electrovaya Inc.

Electrovaya designs, develops and manufactures proprietary lithium-ion ceramic batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and Separion ceramic separators and has manufacturing capacity of about 500 megawatt-hours per annum.

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