Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

Industrials

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.

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Electrovaya Inc

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Comment by Reyninakon Jun 17, 2016 2:31pm

170 Views

Post# 24975298

RE:RE:RE:$600 million cad in existing Contracts

Subtract a value from $500M to get $150M... and then how do you go back to a total of $600M.

Besides, all news releases mentioned the values.

The official NR for the buses said:

Electrovaya's subsidiary Litarion signs MOU with a leading OEM, with operations in Europe and Asia, to deliver Lithium Ion cells for Electric Buses
This MOU envisages production demand around Euro 11 million (US $12 million, Cdn $16 million) in 2017 and growing exponentially thereafter into the fast growing electric bus market in Europe and Asia, a new market segment for Electrovaya

So, for the last 3 NR, we have in CAD $: 16 + 100 + 288 = 404
We're about 200 short of 600...

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