I have seen this NR once before but dismissed it as questionable.

The $10M reffered to is to manufacture separator films, a process that Electrovaya doesn't do, EXXON does.

" Chairman and CEO Sankar Das Gupta of Electrovaya Co. had an agreement with Gumi City during a discussion session at an electric automobile expo opened in Los Angeles during late December 2007 to manufacture battery separator films in Korea. "

I will hold of any excitement on this one until I see some information on it coming directly from Electrovaya.

Maybe I'm being pessimistic, but this one just doesn't sound right to me.