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Ram Plug-in Hybrid Electric Truck Equipped with Electrovaya Battery Showcased at Washington D.C. Auto Show

TORONTO Jan. 27 Lithium Ion SuperPolymer® Washington D.C. Jan. 27- Feb. 6

Electrovaya was selected by Chrysler as a key supplier partner for the RAM Plug-in Hybrid development, which was initiated last year as part of the American Recovery and Reinvestment Act DOE Vehicle Electrification Program.  The RAM Truck is one of Chrysler’s top selling vehicles and the Plug-in Hybrid Electric version (powered by both battery and gasoline) is a full-size truck with Advanced Technology Partial Zero Emissions capability and is able to travel up to 20 miles on electricity only. Delivery of the PHEV Ram trucks is expected to begin this summer.

Bruce Coventry

Lithium Ion SuperPolymer® North America

About Electr ovaya:
Ontario, Canada Canada www.electrovaya.com

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s most recent annual and interim Management’s Discussion and Analysis under "Risk and Uncertainties", as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law. 

SOURCE Electrovaya Inc.

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