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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
Comment by GerritEtmanson Aug 23, 2011 12:05am
134 Views
Post# 18969406

RE: EFL has no TS 16949 Automotive Certification

RE: EFL has no TS 16949 Automotive Certification

Well, with all the emotions cast aside, this promise will not happen:  In the telephone conference from August 15, Dr. Sankar Das Gupta stated that they will have obtained TS certification by Q1, 2012.  That is 7 months and one week away from now.  Fact is that, even if EFL manages to have their complete house in order, with less than 12 months of TS-quality records, the best they could hope for would be a "letter of conformance", rather than a full certificate.  More likely, if you have all your ducks in a row (that is: a system of internal audits, by people with audit training, an established sequence of management reviews, an extended track record of process measurements, corresponding records), you will be granted your stage 1 official audit, after which it will be 6 to 8 months to get full certification.

Who here wants to bet that Electrovaya has its house in order, management reviews in place, a system of internal audits? Raise your hands.  I see one hand: K.George.  All others doubt it.  So do I.  We will see.  A TS certificate by March 31, 2012 is as likely as the on-time delivery by September 30 of the first 1.5MWh utility storage system.

Bullboard Posts