Electrovaya Inc. announced that management is currently unable to predict the future impacts of the pandemic on the Company's operations and financial results. Furthermore, while demand for lithium ion batteries from the materials handling electric vehicle sector is emerging, there is associated uncertainty with the future rate of growth as early adopters start their purchasing decisions. Management will therefore not be providing a short-term financial outlook at this time. A revised financial outlook will not be provided unless and until such a time as it is possible to make reasonable estimates of the Company's financial results.