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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 Jan 06, 2016 4:48pm
124 Views
Post# 24434440

RE:RE:RE:RE:RE:RE:RE:2016 will be the year of EFL

RE:RE:RE:RE:RE:RE:RE:2016 will be the year of EFLVestmed/Hogey: if my contribution left the impression that I am claiming insider knowledge, then I wrote if with a lack of clarity and I apologize for that.  That said, I believed that my "SWAG" (scientific wild-a$$ guess) was actually conservative: I don't believe for a second that a German government institution that gives money away for worthwhile development projects will limit itself to a six-week evaluation period.  I gave them the benefit of the doubt.  I also don't think that a dual line (one for the anode and one for the cathode, both with solvent recovery) can be designed within 6 weeks, unless some substantial ground work was already done.  So, yes you may be right about them having done some ground work, but even then, six weeks of design appear short.  One of the supreme short-comings of EFL has always been that they tried to design equipment themselves, thus wasting a good deal of the 70 Million (accumulated negative equity per most recent balance sheet) on "dead-on-arrival" boondoggle projects.  Just think of the ridiculousness of the various MAYA EV debacles.
Here my peace offering: If there is a non-NMP-line up and running in Germany in 2016, send me a private message with an address (in Canada), and I send you a bottle of real champagne:  Veuve Cliquot or Bollinger Cuvee, your choice.  You don't even have to reciprocate if you lose the bet.
Bullboard Posts