| " Electrovaya plans to announce it's Q1 2012 quarter ending 31st December 2011 by 14th March 2012. Electrovaya is transiting from Canadian GAAP (Generally Accepted Accounting Principles) reporting, to the new IFRS (International Financial Reporting Standard) reporting, as required for Canadian Public Companies. In order to facilitate this move to the new IFRS standard, public companies are given 75 days from the quarter end, to announce the first reporting results under IFRS." |