Electrovaya Inc.

Situated in Toronto, Canada, Electrovaya's co-founders Sankar Das Gupta and Jim Jacobs began research into battery technologies in 1983. In 1996, after the achievement of certain scientific milestones, Electrovaya was formed to research, develop, manufacture and commercialize rechargeable, lithium ion SuperPolymer™ battery technology. Electrovaya'a portable power technology provides significantly higher energy density and, based on its internal testing to date, longer run-times than any other rechargeable batteries currently in commercial production.

Electrovaya has had tremendous success in various applications based on the technology in consumer electronics, aerospace and green transportation. Electrovaya is an OEM with its Scribbler™ Tablet PC, PowerPads®, and is a development partnership with Microsoft. Recently, Electrovaya became a prime contractor for NASA, providing battery power for astronaut life support systems (Critical 1) NASA Missions. Electrovaya has also developed a zero emission electric vehicle. The prototype vehicle recently completed road trials winning the "Technology Award" and "Battery Electric Vehicle Award" at the prestigious 2004 Tour de Sol, an alternative transportation rally. The field included Toyota's hybrid Prius, GM's hydrogen powered fuel cell and other vehicles.

Nomura Research of Japan, the preeminent battery analyst in the world, identified Electrovaya's Lithium Ion Super Polymer Battery as having the highest energy density in the world. Dr. DAs Gupta is now investigating the second generation of this battery through an Ontario Centres of Excellence Inc. collaborative research project with Dr. Alex McLean at the University of Toronto.

"Our technology will enhance the performance and running time of any product that requires portable energy from computers and cell phones to camcorders and electric vehicles," explains Dr. Sankar DAs Gupta, president and CEO of Electrovaya Inc. Total revenues of the Electrovaya group of companies is currently reported to be $6 million dollars. "In this technological age it's clear that a breakthrough in advanced battery technology could have a profound change in the economy. The demand for portable power comes from all sectors of the economy," stresses Dr. Das Gupta.