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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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
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Comment by abolduc3106on Jul 26, 2016 9:26am
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Post# 25084295

RE:News Alert July 26: Deliveries on $80M starting

RE:News Alert July 26: Deliveries on $80M startingAccording to the original PR concerning this MSA on May 26, the company had an initial PO in hand on signing the deal, which they are now starting to deliver on now, and have been receiving additional purchase towards fulfilling the agreement.

https://globenewswire.com/news-release/2016/05/26/843756/10163042/en/Electrovaya-signs-a-Multiyear-Master-Service-Agreement-with-a-Fortune-1000-company-for-the-supply-of-Lithium-Ion-battery-Modules.html

Since Litacore1000, which is what this MSA concerns, was announced on May 16 as a new product, an educated guess is that some of the cost towards fulfilling that initial PO may be reflected in the Q3 release as an increase in inventory for components built and WIP during the month of June towards starting to fulfill this contract., and will give us some visibility related to FY06 Q4 sales.

GLTA
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Dealroom for high-potential pre-IPO opportunities