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Electrovaya Receives Purchase Order for Lithium Ion SuperPolymer2.0(r) Systems for Smart Grid Project in the UK

Electrovaya Receives Purchase Order for Lithium Ion SuperPolymer2.0(r) Systems
for Smart Grid Project in the UK

Electrovaya won a competitive bid contract from Scottish and Southern Energy
Power Distribution (SSEPD) for a distributed energy storage project. This
marks Electrovaya's first major energy storage project in Europe and further
strengthens the company's smart grid product portfolio.

TORONTO, Sept. 12, 2013 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX:EFL)
announced that it has received a purchase order from Scottish and Southern
Energy Power Distribution (SSEPD) for a major distributed energy storage
project.  The project will lead to the installation of 25 distributed and
independent energy storage systems in a single UK town. The systems will be
composed of Electrovaya's latest SuperPolymer2.0® technology and will feature
substantial smart grid capabilities. The systems will range in energy capacity
from 12.5kWh to over 80kWh.

"We are very excited about the project with SSEPD. Not only does it reflect
Electrovaya's leadership in advanced grid connected energy storage technology,
but the project will lead to the development of substantial smart grid
capabilities for Electrovaya's systems," says Dr. Rajshekar DasGupta, VP
Business Development. "Furthermore, this will be Electrovaya's first major
utility storage project in Europe. European utilities are gaining interest in
energy storage and they have the highest penetration of renewables in the
world, thereby placing Electrovaya in a prime position for follow up projects
in the region."

"SSEPD is pleased to be working with a proven energy storage manufacturer and
believe their experience in grid connected and mobile storage will allow us to
successfully explore the role of Energy Storage and Management Units in
supporting the energy needs of our customers as we move towards a low carbon
economy." said Nigel Bessant, Project Delivery Manager with SSEPD.

All the Electrovaya systems are expected to be delivered to SSEPD by mid 2014.
The current energy storage project is part of the Thames Valley Vision (TVV)
project, a SSEPD project in partnership with other local, national and
international businesses. The TVV is a £30 millionproject and is part of a
£500 million program funded by theLow Carbon Network Fund (LCNF)run
byOfgem, the UK energy regulator.

About Electrovaya Inc.

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Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary
Lithium Ion SuperPolymer®2.0 batteries, battery systems, and battery-related
products for the clean electric transportation, Utility Scale Energy Storage
and smart grid power, consumer and healthcare markets. The Company's mission
is to accelerate clean transportation as a commercial reality with its
advanced power system for all classes of zero-emission electric vehicles and
plug-in hybrid electric vehicles. The Company's other mission is to deliver
Utility Scale Energy Storage Systems for the highest efficiency in electricity
storage, whether the electricity is generated from intermittent wind and solar
power or from other sources. Founded in 1996 and headquartered in Ontario,
Canada, Electrovaya has production facilities in Canada and customers around
the globe. To learn more about how Electrovaya is powering mobility, please
explore www.electrovaya.com

About Scottish and Southern Energy Power Distribution

Scottish and Southern Energy Power Distribution (SSEPD) is responsible for
maintaining the electricity networks supplying over 3.7 million homes and
businesses across central southern England and north of the Central Belt of
Scotland. SSEPD owns one electricity transmission network and two electricity
distribution networks, comprising 106,000 substations and 130,000 km of
overhead lines and underground cables across one third of the UK. SSPED is a
subsidiary of SSE PLC. SSE generates, transmits, distributes and supplies
electricity to industrial, commercial and domestic customers in the United
Kingdom and Ireland. The Company also stores and distributes natural gas, and
operates a telecommunications network that offers bandwidth and capacity to
companies, public sector organizations, Internet service providers, and
others.

Forward-Looking Statements

This press release contains forward-looking statements, including statements
that relate to, among other things, revenue forecasts, technology development
progress, plans for shipment using the Company's next generation 2.0
technology, production plans, the Company's markets, objectives, goals,
strategies, intentions, beliefs, expectations and estimates, and can generally
be identified by the use of words such as "may", "will", "could", "should",
"would", "likely", "expect", "intend", "estimate", "anticipate", "believe",
"plan", "objective" and "continue" (or the negative thereof) and words and
expressions of similar import. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and undue reliance should not be
placed on such statements. Certain material factors or assumptions are applied
in making forward-looking statements, and actual results may differ materially
from those expressed or implied in such statements. Important factors that
could cause actual results to differ materially from expectations include but
are not limited to: general business and economic conditions (including but
not limited to currency rates and creditworthiness of customers); Company
liquidity and capital resources, including the availability of additional
capital resources to fund its activities; level of competition; changes in
laws and regulations; legal and regulatory proceedings; the ability to adapt
products and services to the changing market; the ability to attract and
retain key executives; and the ability to execute strategic plans. Additional
information about material factors that could cause actual results to differ
materially from expectations and about material factors or assumptions applied
in making forward-looking statements may be found in the Company's most recent
annual and interim Management's Discussion and Analysis under "Risk and
Uncertainties", including in particular from pages 37 to 38, as well as in
other public disclosure documents filed with Canadian securities regulatory
authorities. The Company does not undertake any obligation to update publicly
or to revise any of the forward-looking statements contained in this document,
whether as a result of new information, future events or otherwise, except as
required by law.

CONTACT: Electrovaya Inc.
         Telephone: 905.855.4618
         Email: ir@electrovaya.com OR sri@electrovaya.com

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