OTC Markets Group Welcomes Electrovaya to OTCQX

NEW YORK, July 22, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Electrovaya Inc. (TSX: EFL; OTCQX: EFLVF), a company which designs, develops and manufactures Lithium Ion batteries and systems, has qualified to trade on the OTCQX® Best Market. Electrovaya upgraded to OTCQX from the Pink® market.

Electrovaya begins trading today on OTCQX under the symbol "EFLVF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to welcome Electrovaya to OTCQX," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX provides an efficient and transparent U.S. trading market for Canadian and other international companies that are looking to expand their visibility and shareholder base in the U.S.  We look forward to supporting Electrovaya's growth in the years ahead."

"We are very pleased to join the OTCQX Best Market," said Richard Halka, Executive Vice President and CFO for Electrovaya Inc. "We have received an incredible level of interest from U.S. investors and trading on the OTCQX Best Market gives them an opportunity to invest directly in our Company."

Roth Capital Partners, LLC serves as Electrovaya's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements.

Electrovaya Inc. designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and SEPARION® ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive patents and other Intellectual Property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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OTC Markets Group Inc., [phone], [e-mail]

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SOURCE OTC Markets Group Inc.

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