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Electrovaya Inc.

09:41 AM EST - Electrovaya Inc. : Has achieved breakthrough performance results for its proprietary solid state hybrid lithium metal battery technology at its Electrovaya Labs division. The results support opportunities to significantly expand Electrovaya's product offerings and customer base over the long term. Coin cell samples reached 300 cycles with minimal degradation under standard room temperature conditions. These results highlight the ability of the technology to meet passenger automotive applications, which target 800 cycles with 80% capacity retention. Electrovaya Inc. shares T.EFL are trading down $0.01 at $1.00.