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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 electrofiedon Jan 24, 2015 9:15am
83 Views
Post# 23358824

RE:RE:RE:RE:RE:RE:RE:RE:RE:Another big project

RE:RE:RE:RE:RE:RE:RE:RE:RE:Another big projectGoing to the public equity market for capital was the wrong approach given 1. They have not made a profit yet 2. They are thinly traded as is 3. They have not disclosed the details of where and how the money will be used. 4. they have no institutional following 5. They have no recurring revenues 6. Their technology is only ahead by a hair 7. The ownership control precludes any potentially large partner from investing serious capital in the company. All they have appeared to accomplish to date by this action was 1. a serious ( and potentially permanent) devaluation in the stock price 2. Inadequate amount of funds raised to complete the acquisition and/or finance the new operating capital required It is my opinion that in order for the company to get to the next level, they will need to relinquish ownership control and work with the LG chems of the world. They ain"t going to make it on their own. Just my opinion
Bullboard Posts