Strengthens Electrovaya"s Relationships in Telecom, IT, Renewables and Energy Storage
TORONTO, ONTARIO, Aug 11, 2010 (MARKETWIRE via COMTEX) --
Electrovaya Inc. (TSX: EFL), developer and manufacturer of proprietary Lithium Ion SuperPolymer(R) battery systems, today announced that former Nortel Chief Operating Officer Clarence Chandran has joined the Company"s Board of Directors.
Mr. Chandran brings proven strategic expertise and key trusted industry relationships to Electrovaya across the global technology, telecom, industrial and renewable energy sectors. The Company continues to focus on the automotive electrification and energy storage markets, and will extend its reach to adjacent complementary markets such as the telecommunications sector, where there is a growing need for advanced batteries and where corporations currently spend multi-billion dollars on reliable, high performance energy delivery systems.
"Clarence brings to Electrovaya an extraordinary combination of experience and knowledge in renewable energy and those sectors which will adopt and implement renewable technologies over the next several years," said Dr. Sankar DasGupta, Electrovaya"s Chief Executive Officer and Founder. "In addition to his impeccable track record in managing international businesses around the world, Clarence will be enormously helpful in guiding our strategy as we expand our business into renewable energy, telecom, IT, communications and energy storage."
"I am very pleased to be joining Electrovaya"s Board during this exciting time for the Company and the industry," said Mr. Chandran, "Given the tremendous opportunity created by applying renewable energy applications across industries, Electrovaya is extremely well positioned for profitable growth, given its truly unique, non toxic NMP-free technology, dedicated leadership team, and partnerships with leading OEMs. I look forward to working with Dr. Sankar DasGupta, Tom LaSorda and the rest of Electrovaya"s professionals as we accelerate to meet the demands of the rapidly growing energy storage and vehicle electrification markets."
Mr. Chandran began his career at Nortel in 1985 as an operating executive, where his experience included responsibility for the Americas, Group Executive of Asia, UK and Europe; and culminated as Chief Operating Officer of Nortel Networks, which he served until 2001.
Mr. Chandran has extensive experience serving on the Boards of Directors for several companies across the renewable energy, communications and IT industries around the world. He currently serves on the Board of Directors of Atlanta-based Novelis Inc., a wholly owned subsidiary of Mumbai-based Hindalco, the world"s leading provider of rolled aluminum products for the consumer and automotive sectors. Mr. Chandran is also a Board member of WindTronics LLC, in Michigan and Chairman of its international subsidiary and serves as chairman and managing partner of the Walsingham Fund in Toronto. His past public board appointments included Alcan Inc. (Rio Tinto-Alcan) and MDS Inc. of Toronto.