Electrovaya Inc., has announced that it has signed a Memorandum of Understanding with CAMI Automotive Inc., a joint venture company between General Motors of Canada Ltd. and Suzuki Motor Corporation, to develop Zero Emission Vehicles utilizing Electrovaya’s power and control technology in CAMI’s sport utility Vehicles. CAMI Automotive builds the Chevrolet Tracker and the Suzuki Vitara at its facility in Ingersoll, Ontario.TORONTO, Ontario – May 24, 2002 [SolarAccess.com] Electrovaya’s patented Lithium Ion SuperPolymer battery provides the highest energy density rechargeable battery available commercially anywhere in the world. Vehicles powered by Electrovaya’s technology combine zero emissions with unsurpassed range and lowest operating and maintenance costs. “Each party provides its expertise in the development of zero emission electric vehicles. Together, we will drive the pace at which this technology can become a commercial reality,” said Dr. Sankar Das Gupta, CEO of Electrovaya. “Electrovaya will bring its engineering, management expertise and knowledge of battery, power and control technology. Combined with CAMI’s vast experience in assembling vehicles, this will provide for a dynamic relationship between our two companies.” “CAMI is a leading producer of small SUV’s, and we are delighted to have a CAMI-built vehicle used by Electrovaya, to develop clean, green SUV’s for our global customers and to respond to existing global environmental needs,” said Simon Boag, President of CAMI Automotive Inc.