Electrovaya Announces Results of Annual Shareholders' Meeting
April 04 2016 - 5:07PM
Electrovaya Inc. (TSX:EFL) (the "Company") is pleased to announce
that all of the resolutions that shareholders were asked to
consider at its 2016 Annual Meeting held in Mississauga, Ontario,
were approved. The five directors named in the management
information circular of the Company, being Dr. Sankar Das Gupta,
Dr. Bejoy Das Gupta, Mr. Ralph E. Lean, Dr. Alexander McLean and
Dr. Bernard Fleet, were each elected as returning directors by over
99.3% of the votes cast for and less than 0.7% of the votes
withheld at the Meeting for each director individually. Goodman
& Associates LLP, were re-appointed as the auditors of the
Company. Additional details are included in the report of voting
results filed under the Company's profile on SEDAR at
www.sedar.com.
About Electrovaya Inc. Electrovaya
Inc. (TSX:EFL) designs, develops and manufactures proprietary
Lithium Ion Super Polymer® 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 500MWh/annum. Electrovaya is a
technology focused company with extensive IP. Headquartered in
Ontario, Canada, Electrovaya has production facilities in Canada
and Germany with customers around the globe. To learn more about
how Electrovaya and Litarion is powering mobility and energy
storage, please explore www.electrovaya.com, www.litarion.com and
www.separion.com
Forward-Looking Statements This
press release contains forward-looking statements, including
statements that relate to, among other things, revenue forecasts,
technology development progress, plans for shipment using the
Company's technology, production plans, the Company's markets,
objectives, goals, strategies, intentions, beliefs, expectations
and estimates, and can generally be identified by the use of words
such as "may", "will", "could", "should", "would", "likely",
"possible", "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.
CONTACT: For more information, please contact:
Electrovaya Inc.
Email: ir@electrovaya.com
Phone: (905) 855-4618
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