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.

TSX:ELVA - Post by User

Electrovaya Inc

Bullboard Posts

Comment by abolduc3106on Jul 21, 2016 1:37pm

156 Views

Post# 25073028

RE:I think the $10 Million credit facility is troubling

Beacuse of the way the deal for the German plant was structured, the company ended up with a lot off-balance sheet assets, such as the plant itself and the Separion licence, which the bank may want third-party valuations for if those are being offered as collateral for the financing.

Nothing fishy there.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale