RE:A shaking out
Electrovaya did good in selecting a target customer base. Even as the economy as a whole slows down a bit the materials handling business will keep chugging along. That said, the current customers have seen the increase in productivity (reduced operating costs) associated with using the Electrovaya batteries so they want to convert more of their facilities to get that same productivity increase. The conversions may slow a bit but will continue on.
Ayn truck or bus business that comes along is gravey as ELVA is now profitable. Profitable and getting stronger every day. They also have their eye on a new market segment GSE (Ground Support Equipment) that will take a while to get rolling as they have to introduce new products, get them tested before taking orders. Just getting stronger......