An anonymous director reports

ELECTROVAYA STARTS DELIVERY UNDER THE MULTIYEAR MASTER SERVICE AGREEMENT WITH A FORTUNE 1000 COMPANY

Electrovaya Inc. is receiving purchase orders pursuant to the earlier announced multiyear service agreement (MSA) with a United States-based Fortune 1000, New York Stock Exchange-listed OEM (original equipment manufacturer). Deliveries against the purchase orders have also started. The MSA relates to Electrovaya supplying lithium ion battery modules, battery management systems and related services. The estimated revenue from the MSA is about $80-million (U.S.) (about $105-million) over a period of three years.

All Electrovaya's lithium ion battery products contain its unique and proprietary flexible ceramic separator, Separion, which imparts the industry-leading safety in lithium ion batteries. Separion is a flexible ceramic embedded separator with superior thermal-resistant properties than the ubiquitous ceramic-coated polyolefin separators.

We seek Safe Harbor.