Murray Pickrem joins Electrovaya as Director of Sales, USA for Lithium Ion Ceramic Batteries for Fork-Lifts

TORONTO, ON--(Marketwired - February 23, 2017) - Electrovaya Inc. (TSX: EFL) (OTCQX: EFLVF) announces Murray Pickrem has joined Electrovaya in January 2017 as Director of Sales, USA for Lithium Ion Ceramic Batteries for Fork-lifts. Murray will be focused on directing Electrovaya's sales efforts in the US market for the Material Handling and Fork-lift batteries.

Murray Pickrem has more than 20 years' experience in this industry, most recently as Regional Vice-President with First Financial, with a focus in Materials handling and fork-lift batteries. Earlier Murray was in sales and marketing with companies such as Siemens, Exide, ACT and The Raymond Group of Companies.

Murray has extensive leadership experience in sales management, national account sales, financing and structuring sales in the Materials Handling sector. In his previous roles, Murray was instrumental in acquiring numerous national corporate accounts and developing new business opportunities.

"I am very excited to accelerate the replacement of lead acid and hydrogen fuel cells by Electrovaya's Lithium Ion Ceramic battery," says Mr. Pickrem. "Electrovaya's cutting edge technology and its great value proposition are compelling to the efficiency driven logistics and materials handing industry. This industry needs energy solutions which operates intensively, 24/7, allows fast opportunity charging and requires no maintenance. We will drive sales through both OEM channels as well as direct sales to customers, where our Lithium Ion Ceramic Battery is a drop-in replacement for the ubiquitous lead acid in fork-lift trucks."

Murray Pickrem can be reached directly at [phone] or [e-mail]

About Electrovaya Inc.

Electrovaya Inc. (TSX: EFL) (OTCQX: EFLVF) 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 patents and other Intellectual Property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.