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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

Bullboard Posts
Post by billwhiteon Oct 26, 2007 7:01pm
213 Views
Post# 13700776

New Plant

New PlantThe new plant in India if all goes well is expected to create 10 megawatt, equivalent to over 75000 powerpads at 130 watts. Present capacity of plant in Mississauga is 5 megawatts. That's a lot of plant capacity. Price that EFL sells its power pads is $300. Or $2.30 per watt. Lets say they are able to change to Mn batteries instead of PO4, cost savings there, cut the production cost with cheaper India labour, perhaps sell the batteries for half that $1.15 per watt, this would be $11,500,000 per month ($1.15X10megwattX1000000watt/megawatt)= $11,500,000 per month Of course all IMHO, but this would sure be nice and at these prices its worth the risk. Not much downside compared to the $2.45 in the past where that run was based on NASA hype and tablet sales. UP from here still. Just hard to get a large number of shares as it is tightly held and thus the rising share price.
Bullboard Posts