That's probably why the PR said electrode factory as they were not currently making batteries.
TORONTO, Nov. 17, 2014 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX: EFL) today announced that it plans to acquire the assets of a state-of-the-art manufacturing plant with capacity of about 0.5 Gigawatt hours (GWh) of lithium ion electrodes and other products. - See more at: http://globenewswire.com/news-release/2014/11/17/683672/10108532/en/Electrovaya-Plans-Transformational-Acquisition.html#sthash.pGD4mx6a.dpuf