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Electrovaya Awarded New US Patent for Lithium Ion Electrode
8:02 AM ET 6/30/22 | Dow Jones
New Patent for Microstructure Characteristics of Non-NMP produced lithium ion electrode that enables higher energy density lithium ion batteries
TORONTO, ON / ACCESSWIRE / June 30, 2022 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, today announced the receipt of a US patent for a unique battery electrode microstructure with superior distribution of active and non-active materials. The US Patent number is US11,355,744B2 and is titled Lithium Ion Battery Electrode with Uniformly Dispersed Electrode, Binder and Conductive Additive.
"This patent covers some unique attributes of battery electrodes made through Electrovaya's proprietary NMP-free technology. This potentially allows for thicker electrodes to be produced with higher performance and energy density." said Dr. Raj DasGupta, CEO of Electrovaya. "This technology could be especially impactful when paired with very high energy density anode materials like lithium metal or silicon based materials for next generation lithium ion batteries. In these cases, the ability to produce cathodes that match next generation anode materials in capacity is limited with the current state of the art technologies. Finally, the Electrovaya technology allows for electrodes to be produced without the use of toxic NMP solvents, thereby providing an environmentally friendly manufacturing process." continued Dr. DasGupta.
Electrovaya continues to spend significant effort on its research and development activities for next generation lithium ion batteries at its dedicated Electrovaya Labs division site and establishing new intellectual property is one of the company's key priorities.
"Innovations such as these, which Electrovaya is pioneering, are part of the Company's contribution to the much-needed global energy transition to address climate challenges." said Dr. DasGupta.
For more information, please contact:
Investor & Media Contact:
Jason Roy; jroy@electrovaya.com
Tel: 905-855-4618
Web: www.electrovaya.com
About Electrovaya Inc.
Electrovaya Inc.(TSX:EFL) (OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements relating to the ability of the Company's battery electrode microstructure technology to allow for thicker electrodes to be produced with higher performance and energy density and the effect of their manufacture on the environment, and the deployment of the Company's products by the Company's customers f, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "potentially," "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. There is no guarantee for improved performance or energy density from the Company's newly patented electrode microstructure technology and there are elements of risk associated with the implementation of new technology in lithium ion batteries. The Company's Solid State batteries are not being sold commercially and should be considered as a research product. The coating technology described has not been proven at scale and may not be feasible for mass production. Important factors that could cause actual results to differ materially from expectations include but are not limited to behaviour of research-level product at commercial scale and the feasibility of commercial production, macroeconomic effects on the Company and its business and on the Company's customers, economic conditions generally and their effect on consumer demand, labour shortages, supply chain constraints, the potential effect of COVID restrictions in Canada and internationally on the Company's ability to produce and deliver products, and on its customers' and end users' demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company's supply chain and Company's capability to deliver the products. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2021 under "Risk Factors", and in the Company's most recent annual Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Electrovaya, Inc.
View source version on accesswire.com:
https://www.accesswire.com/707145/Electrovaya-Awarded-New-US-Patent-for-Lithium-Ion-Electrode
Creeping up nicely on low volume lately.
Sounds like an opportunity to get more eyeballs on the company, that we need!
GLTA!!!
https://batterysystemsexpo.com/
TORONTO, ON / ACCESSWIRE / June 28, 2022 / Electrovaya Inc. (TSX:EFL; OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, announces that it will be speaking at the upcoming Battery Cells & Systems Expo in Birmingham, UK on June 29-30th and the PlugVolt Battery Seminar in Plymouth, MI (USA) on July 12-14th.
Talked to Jason on Thursday. He said everything is going good and they are hiring more people for production and he is happy with his job and the way things are going. I will ask him next time I talk to him if they are getting all the materials they need to build the batteries. I have heard that it is a problem getting the materials to build batteries for some companies, I am hoping it is not for Electrovaya. Looking forward to the next Q.
CWB
Directors are getting their stock options issued, looks like change is starting to happen within the board and management, setting up for the next phase of their business! We need to see a positive turnaround in the stock price, I think it is coming soon!!!
https://ceo.ca/efl
GLTA!!!
A newly updated website was done for Electrovaya.
https://electrovaya.com/
John Gibson is the new finance chief of Electrovaya
https://seekingalpha.com/news/3848363-john-gibson-is-the-new-finance-chief-of-electrovaya?mailingid=28049727&messageid=2900&serial=28049727.186&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=28049727.186
I agree. Old mangement was good at products now we need to focus on building shareholder value.
Nice to see a new CEO and New CFO. Shaking things up a little at the top. It would be great to hear more on their strategic vision to drive revenue growth and profitability. Would like to hear the 1-3-5 year plans. They have great products in a growing industry. I’m invested heavily and believe in these guys. Let’s keep seeing that revenue growth!
TORONTO, ON / ACCESSWIRE / June 14, 2022 / Electrovaya Inc. (TSX:EFL;OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, announces the appointment of John Gibson, as the Chief Financial Officer, of Electrovaya effective as of June 13th, 2022. Mr. Gibson will report to Electrovaya's Chief Executive Officer, Dr. Raj DasGupta
electrovaya
Mr. Gibson is a Certified Professional Accountant ("CPA, CA") with over 15 years of experience in public and private corporations and brings significant experience in corporate accounting and finance, strategic and financial planning, internal controls, and systems. Previously he served as VP Finance at Adlib Software and has held leadership roles in manufacturing for the last 10 years. Mr. Gibson received his undergraduate degree in accounting from Strathclyde University and his Master's degree in Information Technology and Business from Glasgow University.
Raj Gupta, new CEO of $EFLVF interview with Braun Capital
My God! you are in a great position. I wish I had a position like that at a time like this. They are on the brink of getting discovered with a price target of $3.25! As more technical analysts are looking into company with favorable reports, it is just a matter of time before this takes off. New CEO who wants to prove he is ready for this job, everything is in the shareholders' favor. Just going to take a little more patience.
GLTA!!!
BTW if anyone has any questions for the CEO reply to this guy on Twitter
Braun Capital
@braun_capital
We believe that electric motors will replace combustion motors. The key component in this transition will be the electric battery. As a result, we have worked to have a chat interview with the CEO of
@Electrovaya
$EFLVF. Comment below any questions you would like us to ask!
May24, 2022. HC Wainwright started coverage on shares of Electrovaya (OTCMKTS:EFLVF – Get Rating) in a research note released on Monday morning, The Fly reports. The firm issued a buy rating and a $3.25 price objective on the stock.
I really am staying positive, I guess that last post did not sound like it.
I am incredibly happy with the over 600,000 shares I hold for free. (actually I am ahead money on them)
I think this company is on a clear path to profitability. I am in business for myself so I respect CEO's that wait for the company to become profitable before giving themselves and family a big raise.
I too am buying more stock and would love to get back to the 1.2 million shares I had at one time. (other stocks will have to take off before this one for me to get there) Hopefully the other one I was comparing EFLVF to.)
Like I said I remain positive on both as I see you do too.
Lets Go EFLVF
Lets go both!!!!!!
CWB
Chat interview? Found this on twits Tues noon…. …
realjacobbraun
$EFLVF
We are having a chat interview with the CEO of @Electrovaya
$EFLVF
. Comment below any questions you would like us to ask.
Electrovaya (EFLVF) Receives a New Rating from a Top Analyst
Howard Kim
May 23, 2022, 03:07 AM
Electrovaya (EFLVF – Research Report) received a Buy rating and a C$3.25 price target from H.C. Wainwright analyst Amit Dayal today. The company’s shares closed last Friday at $0.46, equals to its 52-week low of $0.46.
According to TipRanks.com, Dayal is a top 100 analyst with an average return of 49.1% and a 43.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Ballard Power Systems.
Currently, the analyst consensus on Electrovaya is a Moderate Buy with an average price target of $2.54.
See the top stocks recommended by analysts >>
The company has a one-year high of $1.37 and a one-year low of $0.46. Currently, Electrovaya has an average volume of 60.16K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Electrovaya, Inc. develops and manufactures proprietary Lithium Ion. The firm engages in designing, developing and manufacturing batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications. Its main businesses include: lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties. The company was founded by Sankar Das Gupta and James K. Jacobs in September 1996 and is headquartered in Mississauga, Canada.
I think this is a solid company and stock due for a nice upswing. Solid state batteries will be BIG!
CWB, These are just my opinions:
I like the fact that younger blood is taking over the reins here.
They are in a close relationship with a major player in their business, this relationship can be very beneficial to them or not.
That also means that they have very close eyes on that new SSB that they are working on. If they get that right I am sure that a major player would buy them out.
If I were the perfect trader I would have sold this at $2.00 and brought it back at this new 52-week low. So I am not perfect, I hope that I am doing the right thing by adding at this new low.
Things are starting to look very positive for this company despite the setbacks with covid and supply chain demands. Now with gas prices going sky high EV is really looking good as compared with ICE!
Another selling point for EV batteries!
Maybe new management will even go after that NASDAQ listing if he really wants to improve SP. I lot of folks won't buy OTC.
This is only my opinion, not a recommendation to buy, do your own research.
GLTA!!!
What do You think? I see similarities between this and another stock we both own.
Family members with new titles
Ballooning salaries
Announcements of revenue increases
Still losing money
Still raising money
Still hoping for profitability
I am staying positive on both. This one looks better than the other to me.
CWB
New corporate presentation as of May 24 on their website!
https://electrovaya.com/wp-content/uploads/2022/05/ElectrovayaCorporatePresentation_05242022.pdf
New CEO!
TORONTO, ON / ACCESSWIRE / May 24, 2022 / Electrovaya Inc. (TSX:EFL)(OTCQB:
EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, is pleased to announce the appointment of Dr. Raj Das Gupta as Chief Executive Officer, and a member of the Company's Board of Directors.
electrovaya
Dr. Das Gupta has been a member of Electrovaya's management team since 2009. He has been instrumental in developing the Company's most critical technology and business relationships, including the development of its current forklift battery systems and OEM partnerships.
Dr. Das Gupta received his Doctorate in Materials Engineering from Cambridge University, where his research focused on lithium-ion batteries and he developed a unique patented tin composite anode encased inside a carbon nanotube. Previously, he attended Imperial College in London and the Massachusetts Institute of Technology (MIT).
Dr. Sankar Das Gupta, Electrovaya's co-founder, Chairman and previous CEO, takes up the role of Executive Chairman.
"I am delighted to announce the appointment of Raj as CEO," Sankar Das Gupta noted. "Since joining Electrovaya, he has been an indispensable member of the team. Raj is the ideal person to build shareholder value from our superior lithium-ion battery technology."
Commenting on his appointment, Raj Das Gupta said: "I am honored to have been asked to lead Electrovaya at this pivotal time. I look forward to accelerating the development of our renewables business and taking advantage of the wealth of opportunities presented by the energy transition. We have excellent products, and a strong team, combined with a track record of technology breakthroughs, innovation, and entrepreneurship. I look forward to working with our partners in continuing to deliver the critical low carbon solutions to the climate."
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying the safest and longest-lasting lithium-ion batteries. Electrovaya, a technology-focused company with extensive IP, designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
For more information, please contact:
Investor and Media Contact:
Jason Roy
Director, Investor Relations & Communication
Electrovaya Inc. / 905-855-4618 / jroy@electrovaya.com / www.electrovaya.com
SOURCE: Electrovaya, Inc.
View source version on accesswire.com:
https://www.accesswire.com/702449/Dr-Raj-Das-Gupta-Appointed-CEO-of-Electrovaya
https://ceo.ca/@accesswire/dr-raj-das-gupta-appointed-ceo-of-electrovaya
Great to see this type of news when this stock is at a new 52-week low, usually these guys give a stock a buy rating when the stock is on its high. Nice to see a price target of $3.25!
Let's get this going $EFLVF!
GLTA!!!
https://www.tipranks.com/news/blurbs/electrovaya-eflvf-receives-a-new-rating-from-a-top-analyst?utm_source=stck.pro&utm_medium=referral
Electrovaya: Risks Abound But This Is An Opportunity Worth Taking
May 16, 2022 11:56 AM ET Electrovaya Inc. (EFLVF)
https://seekingalpha.com/article/4512039-electrovaya-risks-abound-but-opportunity?mailingid=27732081&messageid=2800&serial=27732081.370&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=27732081.370
Swelling losses haven't held back gains for Electrovaya (TSE:EFL) shareholders since they're up 210% over 3 years
Simply Wall St
Sat, May 14, 2022, 7:42 AM
https://finance.yahoo.com/news/swelling-losses-havent-held-back-144252953.html
Earnings call transcript...
https://seekingalpha.com/article/4510068-electrovaya-inc-eflvf-ceo-sankar-das-gupta-on-q2-2022-results-earnings-call-transcript?mailingid=27675884&messageid=2800&serial=27675884.252&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=27675884.252
This solid state effort sounds very promising.
"For this market, Electrovaya's strategy is to successfully enter through a technology leap. Specifically, Electrovaya is working on a solid-state battery which could become a disruptive technology in this sector. Our efforts are progressing well and quickly. We are filing key patents and building up our IP base. We are making hundreds of coin cells and now have scaled up to larger single layer and multilayer power cells.
We are seeing excellent cycle life and performance and the cycle life trend is anticipating exceeding the needs for the electric passenger market, which targets about 800 cycles or more with 80% energy capacity retention. We anticipate exceeding that target.
Our power cell cycling takes place without the need of pressurization, which is quite significant. Finally, we have started designing the production process for the Electrovaya solid-state battery technology."
I like your optimism.
Like what i heard. 2023 gonna be our year…
I think the party is just getting started,batteryguy.
Electrovaya Inc. (TSX: EFL) (OTCQB:EFLVF) today announced that it will release the financial results for the quarter ended March 31, 2022 on Tuesday May 10th, 2022 after the markets close. CEO Dr. Sankar Das Gupta, COO Dr. Raj Das Gupta and EVP & CFO Richard Halka will host a conference call on Wednesday May 11th, 2022 at 8:00 a.m. Eastern Time (ET) to discuss the results and provide a business update.
Conference Call Details:
The Company will hold a conference call on Wednesday, May 11th at 8:00 am Eastern Time (ET), to discuss the March 31, 2022 quarter end financial results and to provide a business update.
US and Canada toll free: 877-407-8291
International: + 1 (201) 689-8345
To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call.
For those unable to participate in the conference call, a replay will be available for two weeks beginning on May 11, 2022 through May 25, 2022. To access the replay, the U.S. dial-in number is (877) 660-6853 and the non-U.S. dial-in number is +1 (201) 612-7415. The replay conference ID is 13729794.
For more information, please contact:
Investor and Media Contact:
Jason Roy
Director, Investor Relations and Communications
Electrovaya Inc.
Tel: 905-855-4618
Email: jroy@electrovaya.com
In light of the first half FY 2022 production delays we have revised our revenue guidance to a range of $21 million to $25 million for FY 2022 or approximately double FY 2021 revenues, barring any unforeseen circumstances and supply chain issues.
Electrovaya Reports Q2 FY2022 Results
May 10, 2022 4:40 PM ET
https://seekingalpha.com/pr/18787663-electrovaya-reports-q2-fy2022-results
Revenue Increases by 47%; Purchase Orders Increases to Over $25 Million
EFLVF) today announced that it will release the financial results for the quarter ended March 31, 2022 on Tuesday May 10th, 2022 after the markets close.
The party is over. Save what you can!
NGen announces $76M in funding for ZEV projects
NGen announced 15 new industry-led consortia that will execute projects in strategic areas such as critical minerals & metals, traction battery & efficiency gains and other relevant fields.
April 29, 2022 by CM Staff
https://www.canadianmanufacturing.com/manufacturing/ngen-announces-76m-in-funding-for-zev-projects-281117/
Electrovaya announces promising solid-state battery results as it eyes EV markets
https://www.bestmag.co.uk/electrovaya-announces-promising-solid-state-battery-results-as-it-eyes-ev-markets/
Electrovaya announces promising solid-state battery results as it eyes EV markets
19 Apr 2022
News
By Paul Crompton
Lithium-ion battery manufacturer Electrovaya has achieved breakthrough performance results for its proprietary solid-state hybrid battery (lithium metal) technology.
Tests at its Electrovaya Labs division showed the company is on track to meet its automotive targets for lithium metal and solid-state batteries.
Coin cell samples reached 300 cycles with minimal degradation under standard room temperature conditions— showing the technology’s promise for passenger automotive applications, which targets 800 cycles with 80% capacity retention.
Pouch cells using Electrovaya’s proprietary solid-state hybrid battery technology were cycled at C/5 rates at room temperature at 100% DOD, no external pressure on cells.
Electrovaya has also scaled to single, two-layer and four-layer pouch cells, which have been cycling at room temperature with no external pressure and are following the same trends as the coin cells, say the Canadian firm.
Electrovaya aims to scale up and manufacture these cells using available methods, and is scaling its process to enable development of larger pouch cells, and accelerating efforts to reach commercial scale for its solid-state hybrid technology.
Battery certification
Earlier this month, Electrovaya completed UL2580 certification for 28 models of its 48V lithium-ion batteries.
Dr. Raj DasGupta, COO of Electrovaya, said: “Our 48V batteries went through extreme testing at various UL third party labs, and we are pleased to report the highly positive results.
“Receiving UL certification for so many new products is an important milestone as we work to expand market share for our batteries, which provide customers with unique safety and longevity without compromising energy and power.”
Paul Crompton
It has been brutal lately, let's hope that the earnings reports get us back on track. It's due in May. May 12th.
Wow! The fireside chat must have been ??????
Was hoping it would help the price?
CWB
Fireside Chat: Electrovaya COO Dr. Raj Das Gupta
Thu, Apr 21, 2022 2:00 PM EDT
Please join us for a conversation with Electrovaya COO Raj Das Gupta. He will provide an overview of the company’s proprietary solid-state battery platform. Join us to hear about:
https://globalmeet.webcasts.com/starthere.jsp?ei=1544740&tp_key=1d1b8004ae2a6dc68735526a7d6c?ei=1529976&tp_key=8c69329787ries-electrovaya-coo-raj-dasgupta-to-provide-a-business-overview-on-february-17-at-2-00pm-est/teaser9976&tp_key=8c6932978738-1&h=229957438&u=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttps-3A__globalmeet.webcasts.com_starthere.jsp-3Fei-3D1476101-26tp-5Fkey-3D53f4861eac%26d%3DDwMGaQ%26c%3D9jofE9uWITqexiT2mYAumw%26r%3D1JR8YMZSkbOvTD71QzDQUWhMs_0Vc6io7mtncNQnKrc%26m%3DnnuJQc9GUFGkse6RrnMnea68wQHwIaciW2uxlFbIwv3NNGUzkNtUBdB5xW2nVTVd%26s%3Dw0srAOL6E2V_8NLuDjSZ9dgV7IaSaJ4p0avUnN2nkvw%26e%3D&a=here
https://twitter.com/Electrovaya/status/1516468924640120840/photo/1
This is big news, thanks BornAgain
Electrovaya Announces Breakthrough Performance for Proprietary Solid State Hybrid Battery Technology
Wednesday, April 13, 2022 8:00 AM
On track to meet automotive targets for lithium metal & solid state batteries. Achieved ~94% capacity retention after 300 cycles, scaled to multilayer pouch cell, demonstrating larger cell formats
TORONTO, ON / ACCESSWIRE / April 13, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, today announced that it has achieved breakthrough performance results for its proprietary solid state hybrid lithium metal battery technology at its Electrovaya Labs division. The results support opportunities to significantly expand Electrovaya's product offerings and customer base over the long term.
electrovaya
Coin cell samples reached 300 cycles with minimal degradation under standard room temperature conditions (see Figure 1). These results highlight the ability of the technology to meet passenger automotive applications, which target 800 cycles with 80% capacity retention.
Figure 1: Capacity retention of multiple samples using Electrovaya's proprietary solid state hybrid battery technology. Coin cell samples were cycled at C/5 rates at room temperature at 100% DOD and have crossed 300 cycles with ~94% capacity retention.
Electrovaya has also achieved scaling to single, two-layer and four-layer pouch cells. These cells have been cycling at room temperature with no external pressure and are following the same trends as the coin cells. The first 40 cycles of a pouch cell sample are shown in Figure 2.
Figure 2: Capacity retention of pouch cell using Electrovaya's proprietary solid state hybrid battery technology. The samples were cycled at C/5 rates at room temperature at 100%DOD, no external pressure on the cells.
"The fact that Electrovaya has achieved these results without the use of external pressure on the cells and at room temperature showcases the strength of the technology relative to other solid state and lithium metal cell technologies, and will also allow easier adoption in automotive battery pack designs," said Dr. Raj Das Gupta, COO of Electrovaya.
Electrovaya has extensive experience in manufacturing cells, and the aim is to scale up and manufacture these cells using available methods. The Company is scaling its process to enable development of larger pouch cells, and is accelerating efforts to reach commercial scale for its solid state hybrid technology.
Figure 3: Prototype pouch cell featuring Electrovaya's solid state hybrid battery technology
"While our current Infinity Battery product line is proving successful for heavy duty applications including material handling electric vehicles, we are also very excited about this solid state breakthrough technology, which will enable much higher levels of energy density and potentially open up new applications for automotive and aerospace electrification," said Dr. Sankar Das Gupta, Chairman and CEO of Electrovaya.
Investor and Media Contact:
Jason Roy
Director, Investor Relations & Communication
Electrovaya Inc. / 905-855-4618 / jroy@electrovaya.com / www.electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying the safest and longest-lasting lithium-ion batteries. Electrovaya, a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements relating to the performance of the Company's proprietary solid state hybrid lithium metal battery, anticipated future performance based on past performance and upgrade of our current battery line, opportunity to expand product offerings and customer base, ability of the technology to meet passenger automotive and aerospace applications, deployment of the Company's products by the Company's customers, and the use and performance of batteries and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to the performance and life of the Company's products by the Company's customers are based on an assumption that the Company's customers will deploy its products in accordance with communicated intentions and in accordance with recommended usage practices. Past performance of the batteries may not be indicative of future performance. Important factors that could cause actual results to differ materially from expectations include but are not limited to usage patterns by customers, environmental factors affecting usage, and normal product quality variation which effects are not predictable. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2021 under "Risk Factors", and in the Company's most recent annual Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Electrovaya Inc.
https://www.accesswire.com/697227/Electrovaya-Announces-Breakthrough-Performance-for-Proprietary-Solid-State-Hybrid-Battery-Technology
I think 2022 will be great year for them$2+ possible. I bot more in .60s. This reminds me of 2020, good sales followed by big rally
I like that part too! I guess the patience will be rewarded, holding strong here!!! Wish I had some extra dry powder. This seems to be ripe for adding here!
GLTA!!!
“Addressable market substantially increased in the fast emerging, high value materials handling sector.”
I agree with you. This is a good sign of things to come. $1 a share will seem cheap by year end. Get in now or miss the next run up.
Quote from Todays News... Could be a huge increase in sales!
Nice!
Company undervalued take out candidate.
I am thinking Amazon, we know that Walmart is a customer that they have named in the past as a business partner. Amazon has not been named yet. Just my opinion. GLTA!!!
Who we thinkin’ for the $9M? Walmart or Amazon?
Electrovaya Receives Purchase Orders of US$10.6 million
TORONTO, ON / ACCESSWIRE / April 7, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF) a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, today announced that the Company recently received further purchase orders valued at about US$10.6 million. The Company received a blanket purchase order from its OEM sales partner valued at more than US$9.4 million, and other purchase orders worth approximately US$1.2 million.
https://ceo.ca/@accesswire/electrovaya-receives-purchase-orders-of-us106-million
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