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 Aug 25, 2016 6:52am

161 Views

Post# 25174938

RE:RE:RE:RE:RE:Confirmed - The LC-44 is NMP free and available now

InvestForce wrote: "(g) NMP-free Production Process Cell Production (SAB)

It s planned to implement the Electrovaya-patented Process of NMP-free production together with a new Cell technology. The approximated costs will be € 5 million and the project time will be 3 years. The application has been made and the project is estimated to start in 2016. The funding rate is not yet fixed."

Well, I guess that takes care of the shorts' theory that it would cost the company 100s of millions to convert the plant to the NMP-free process, that there's no way the company could afford it without major financing and dilution, and that they are trying to hide that fact since it's right there in black and white in the latest MD&A.

Must be why they've been covering faster than rats running away from a fire the past month.

GLTA

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