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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 vestmedon Apr 25, 2012 10:37am
316 Views
Post# 19833488

Near future

Near future

In my opinion recent research I have done would indicate that electrovaya is on the verge of some major changes. I spoke with Paul Hart a couple months ago and he stated that electrovaya has spent the last year or so automating their manufacturing and that the next plant they build would see much more automation. As I posted before recent job advertisements would indicate they have started a major EV project, they hired an Engineering Service Project Manager (electric vehicles) and a Sr. Project Manager (electric vehicles) within the last couple of months. Recent job postings would also indicate they are gearing up for more automation, they recently advertised for an Instrument and electrical technician, industrial (process control and automation equipment design) and Chemical research technologist whose duties include- assisting in developing chemical engineering processes, operate experimental chemical or petrochemical pilot plants, assist in design and fabrication of experimental apparatus. After their last announcement of their new product line of mid-size energy storage systems I did some research into "micro-grids" and was surprised to find that some analysts are predicting that the micro grid storage market may be larger than the large utility storage market.   

Bullboard Posts