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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 Feb 14, 2013 9:45am
166 Views
Post# 20987195

RE: Hold Your Nose!!!

RE: Hold Your Nose!!!

In principle, I agree with you.  There should be barely any "Sales" to speak of.  However, EFL has shown in the past that they do not hesitate to "recognize revenue" months before delivery.  That is no longer illegal, but still frowned upon.  They have an undelivered Grid Storage System to a utility in Ontario, if memory serves me right.  In a Hail Mary pass, I believe they will recognize a high percentage of that future revenue to make the first quarter look less awful.  We will see . . .

Bullboard Posts