RE:Business Updatenickto wrote: Amazing numbers, are they serious ? Not surprising Canadian plant empty and to lease, to store 20 battery packs no need of space.
"Electrovaya now has about 20 battery packs which are carrying out demonstration programs in multiple corporations."
Most important part of the PR, confirm that Litarion cells are good (no electrovaya tech) but that electrovaya sales scrap as usual:
"While the sales cycle is long and there is no guarantee that the Company's initiatives will result in significant orders, Electrovaya is pleased with the performance of its batteries in both testing and initial deployments."
Taken from Q3 Conference call. "A sector I would like to highlight is a fast growing materials handling and logistics sector, which are increasingly working on a 24/7 pace and they need the best power system for this most intensive use. We have approached this sector two ways, one through OEMs, and in the OEM forklift sector our sales into Hyster Yale is steadily growing as the company ramps up carefully on their demand. "
Nick, I thought you said Hyster was gone! Sankar says you are lying.