TORONTO, ON--(Marketwired - September 01, 2015) - Electrovaya Inc. (TSX: EFL) today announced that its wholly owned subsidiary, Litarion GmbH, has signed a contract for about Euro 18.5 million (Cdn $ 27.3 million) to supply Lithium Ion battery products to a German company in the non-automotive space. About Euro 2.8 million (Cdn $4.1) of the contract will be delivered in 2015.

"As part of our business development activities, we are finding tremendous interest for our lithium ion battery products in Germany and Europe across all business segments including emobility and energy storage. This contract is a strong start to the very large demand for our products across these multiple sectors," says Maxime Vidricaire, Head of Business Development at Litarion.

"Our products demonstrate unique and leading characteristics including exceptional cycle life, safety and green production process. Furthermore, our state-of-the-art facility provides our products with the highest quality combined with manufacturing scale. These factors enabled us to win this contact, which we are pleased to begin executing," said Dr. Andre Mecklenburg, Chief Operating Officer of Litarion.

Below is a video link about Electrovaya's recent transformative acquisition: https://www.youtube.com/watch?v=kzz4NHwSXgI