Electrovaya Reports Financial Results for Q3 2018
(WorldNews Canada)

TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (`Electrovaya` or the `Company`) (TSX: EFL; OTCQX: EFLVF) today reported its financial results for the fiscal third quarter ended June 30, 2018 (`Q3 2018`). All numbers are in U.S. dollars unless otherwise noted. Electrovaya is focused on supplying lithium ion batteries for the Materials Handling Electric Vehicle (MHEV) sector, an emerging and rapidly growing market opportunity. Since the start of Q3 2018, the Company has announced new and recurring purchase orders worth more than $3.6 million. In order to provide the working capital for fulfilment of these orders, the Company has raised approximately CDN $2.2 million from insiders,...