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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 Reyninakon Apr 30, 2015 4:43pm
125 Views
Post# 23682575

RE:RE:RE:RE:RE:RE:Evonik Litarion

RE:RE:RE:RE:RE:RE:Evonik Litarion

CarpyDime, no need to be sorry at all. Your words don't rub me the wrong way. It's the opposite. They get me thinking and asking myself questions that might not come to mind otherwise. It is always good to have the perspectives from the optimist and from the cautious/naysayers...

Although I'm long and optimistic with EFL, I've often had frustrastions with certain omissions as we never know when they're withholding negative info and when they're protecting news due to non-disclosure agreements...

In this latest NR, there are quotes from 2 Litarion execs and one from Evonik Industries (the one that says they wanted to divest to Electrovaya after due dilligence).
As you said, it could very well be that they didn't want to "play in the battery sandbox anymore", but the they made sure (IMHO) to divest to a company that would be able to keep Litarion alive (thanks to reduced costs) and the Litarion people are happy about this move.

We'll have to wait and see what comes next (as usual)...

 

 


 

Bullboard Posts