Post by
politicat on Mar 08, 2021 1:12pm
Strategic Agreement vs LOI
to Gordon / Bambi guy ...
Thanks for pointing out the difference between an LOI ( with an unnamed OEM ) and and actual signed contract with RAYMOND .....
--- Dec 2020 --
The Raymond Corporation ("Raymond") today announced that they have completed a Strategic Supply Agreement for the supply of battery systems for Raymond's Energy Essentials Battery line
Our decision to collaborate with Electrovaya as a strategic supplier followed many months of rigorous engineering and testing activities. Energy Essentials distributed by Raymond enables a complete and unique integration between the truck and battery, giving full visibility to operational data elements including state-of-charge" said Jennifer de Souza, Senior Director of Energy Solutions, Procurement and Leasing for The Raymond Corporation. "Engineered to excel in tough material handling applications, these lithium-ion solutions provide our customers with significant productivity enhancements, including increased uptime and reduced electricity costs." ---
Are you suggesting the Raymond agreement is all smoke because an LOI 5 years ago was over promoted and not completed ?
Try living in the present. Let us know why the Raymond agreement is a bad thing .... it does exist right ?