RE: news..... A sale?Breaking News
Electrovaya Powers Autonomous Underwater Vehicles ("AUV")
Electrovaya an Exhibitor at the Vancouver Oceans 2007 Exposition
07:00 EDT Wednesday, September 26, 2007
TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - Electrovaya (TSX:EFL) today announced it has received an initial order from a large AUV manufacturing company for its batteries, totaling approximately USD $0.5 million.
Translation: Electrovaya has received the initial meaning first order of the year.
Dr. Sankar Das Gupta, CEO of Electrovaya says: "The manufacturer has been testing Electrovaya's Lithium Ion SuperPolymer(R) cells in AUVs for over two years, and has subjected them to full depth pressure during operation. Our continued partnership demonstrates the efficacy of our battery solutions for these applications."
Translation: The manufacturer was dithering and we wanted this money real bad.
Electrovaya is also participating as an Exhibitor in the Oceans 2007 Exposition in Vancouver beginning September 30, 2007 and ending October 4, 2007. The Conference includes a large exposition on AUVs.
Translation: We would like to sell to manufacturers that take a little faster in making up their *$#$# minds because I am such a great business man.
Plain English: GET OUT THERE AND SELL TO WHERE THERE IS A MASSIVE MARKET and stop wasting your time with these corner store type sales. Concentrate on plug-in hybrids (ya only need to slap a small generator to your car).