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Electrovaya Inc T.EFL


Primary Symbol: T.ELVA Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Bullboard Posts
Post by vestmedon Dec 19, 2016 8:17am
326 Views
Post# 25618196

Confirmation

ConfirmationThis presentation confirms not only the relationship with Amita but also with Energy Absolute. They are indeed planning energy storage with Amita and Litarion. Pages 5, 40, 43 and 48 outline the relationship with Litarion as a "Key Client" as well as Energy Absolute's move into energy storage using Amita and Litarion's batteries. Energy Absolute is now the largest shareholder of Amita at 35.2%. They have hundreds of Megawatts of solar and wind power plants to add energy storage to as well as future projects. They also outline on page 48 the use of litarion for power batteries (I believe this is for EV's) but it is clear they will use Litarion batteries for multiple uses. https://www.dcs-digital.com/setweb/downloads/2559q3/20161202_ea.pdf
Bullboard Posts