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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 Dacomon Dec 31, 2014 11:52am
187 Views
Post# 23275706

RE:RE:RE:Asset

RE:RE:RE:AssetOnlygame Nobody needs to guess about the 2014 CY Revenue. The Company explains the situation in the latest MD&A. " Based on current orders, the sales pipeline, general business conditions in the Lithium Ion energy storage markets and anticipated delivery schedules, revenues exceeding Cdn$15 million which had earlier been expected in calendar year 2014 are not now expected to be reached. There were several risks associated with achieving these targets. These risks are from many factors as discussed elsewhere in the MD&A, including higher cost of production, inability to produce its products in sufficient quantity and quality, inability to sell its technology and products, inability to produce in large enough quantities, inability to find stranded assets in the lithium ion battery field and even if those assets are located inability to convert those assets to revenue generation or production of products; inability to license its technology and the possibility of technology obsolescence such that licensing interests disappear. Other risks that Electrovaya may not be able to meet its Page 35 of 54 targets includes inability to convert pipeline to purchase orders or if such purchase orders are received, inability to deliver on those purchase orders or the inability to collect on those purchase orders, even if the product is delivered. Available human resources are a risk as well as the inability of Electrovaya to have the necessary financial capital to carry out its plans".
Bullboard Posts