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Electrovaya Inc 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

Post by JustAnnaon Dec 08, 2021 9:06pm
291 Views
Post# 34212902

New PROSPECTUS is up on SEDAR!

New PROSPECTUS is up on SEDAR!
In the company_name type "Electrovaya"
In the Date of filing specify Dec 1, 2021 - Dec 8th 2021 (i.e recent documets).
Click "Search"
 
You should see "Final short form prospectus - English" Dec 7 2021
 
Some highlights
 
Page 9. "The Company anticipates revenue of approximately $27 US million for the twelve months ending September 30, 2022, to be generated from two primary sources: direct sales and sales through the Company’s OEM partner dealer network. Included in this anticipated 2022 revenue is some revenue from the Vicinity Strategic Supply Agreement."
 
Page 10. "The Raymond Agreement is for an initial term of three years. The Agreement does not constitute a guarantee of minimum orders but does include an exclusivity provision, pursuant to which Raymond must make annual purchases in the minimum amount of $15 million in order to maintain exclusivity. This annual period commences January 1, 2022. While there is no assurance that Raymond will achieve over $15 million of purchases in 2022, given the sales initiatives underway with Raymond, management anticipates achieving or even possibly exceeding this minimum purchase level in 2022 and has accordingly included it in the 2022 forecasted revenue of $27 million.
 
page 10 "In December 2021, a key customer indicated that they will be placing orders valued at approximately $9 million for 2022 with deliveries beginning in the first quarter of the calendar year."
 
2022 will be a MONSTER year for EFL! MAGA!
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