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Can you answer questions from webcast,or have to be via phone?
Still no Q PR?If anyone has one,please post link
Thanks Longer version
TORONTO, ON / ACCESSWIRE / August 5, 2022 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery technology and manufacturing company, announces that it will release its third quarter 2022 financial results for the quarter ended June 30, 2022, after market close on Thursday August 11th, 2022. Followed by a conference call and webcast with slides at 5:00 p.m. EDT on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update.
Electrovaya, Inc., Friday, August 5, 2022, Press release picture
Electrovaya, Inc., Friday, August 5, 2022, Press release picture
Conference Call Details:
Date: Thursday August 11th, 2022
Time: 5:00 p.m. Eastern Daylight Time (EDT)
Toll-Free: 877-407-8291 / 201-689-8345
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=cSSVBize
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 August 11, 2022 through August 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 (201) 612-7415. The replay conference ID is 13732191.
For more information, please contact:
Investor Contact:
Jason Roy
Director, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618
jroy@electrovaya.com
30 minutes from now folks….Conference Call Details:
? Date: Thursday August 11th, 2022
? Time: 5:00 p.m. Eastern Daylight Time (EDT)
? Toll-Free: 877-407-8291 / 201-689-8345
? Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=cSSVBize
Thx for DD. Gettin lazy…
MFH *** you probably have more ***RAJ has 0.05% The old man is loaded with 35 %
Batterguy, you gonna pipe up after C.call ? Hear your thoughts..Still lurking around here?
Nice. As long as there is no “Toxic financing” to get the growth we should be golden. A share offering (dilution) is probably in the cards for expansion but if it’s well spent directly for growth I would bear it. Have a bit more powder for that short term dip if it happens. Good for now....How many shares does our new Boy got?
***** 9.39 % move, before earnings call ,,,, somebody peeked.
Good on you, I got about 260k in a bunch of friends' accounts, some up around 1.25 level but have been loading every day some since about 0.52 any way looks like somebody must know a little about tomorrow's call with all the buying going on now, Best of luck Cheers
Or about .60/sh if I include the .30-.75 sell I did on first round...But I bought a boat with it....... :)
As I remember, the current facility had a possible 9 shifts to utilize. 3 lines x 8hr shifts. Last I heard 1.5 shifts were being used. (9 mths ago?) Now they are opening a second US facility....Big things coming... :) 2023 our year.... accumulate n forget....Got about 150k/sh avg around $1.
Morning *** Raj and the new CFO will be on their first Conference call together, With Raj making the rounds on the YouTube Investor Blogs he should be well prepared. *** Raj is a big believer in the Solid State E V Passenger Car Technology arena, With the Infinity Battery breaking records for cycle life and Safety, Raj will focus on the SSB industry and put Electrovaya in the running with the big dogs. Cheers all
Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery technology and manufacturing company, announces that it will release its third quarter 2022 financial results for the quarter ended June 30, 2022, after market close on Thursday August 11th, 2022. Followed by a conference call and webcast with slides at 5:00 p.m. EDT on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson
Nice bump today. “Now, we get to see the green transition through the eyes of a smaller company. Electrovaya, a developer and manufacturer of portable lithium-ion batteries, is expected to be the new tenant of the former Acu-Rite building at 1 Precision Way, Ellicott and was recently announced as a recipient of a low-cost hydropower allotment from the Niagara Power Project.
Electrovaya is expected to create 50 direct manufacturing jobs in Jamestown in its first year and has the potential, according to company officials, to expand to more than 300 jobs. But that only happens if its lithium-ion battery, billed as the forever battery, catches on.” Electrovaya is working to increase its financial viability, with revenue expected to double in 2022 to between $21 and $25 million, according to second quarter financial results. The company has also received a needed credit increase.
*** Nice Day ***
Welcome to the board, this could prove to be very interesting! I guess we will get some clarification in the next 10Q should be very soon, I believe that the next ER is due on Aug 8th.
GLTA!!!
Could prove interesting.....
ELF buys a new plant in Jamestown, NY
https://www.howardhanna.com/Property/Detail/1-Precision-Way-Ellicott-NY-14701/RochesterNYSold/R1317505
With a low cost energy deal from Niagara Power
https://buffalonews.com/news/local/3-western-new-york-companies-expanding-adding-jobs-with-low-cost-hydropower/article_e797234c-0d01-11ed-b6cd-c711750096c3.html
3.7 miles from the largest transit bus manufacturer..
New Flyer is North America’s largest transit bus manufacturer. They supply zero-emission buses to seven transit agencies in New York State, including the Niagara Frontier Transportation Authority (NFTA) in Buffalo, Rochester’s Regional Transit Service, Albany’s Capital District Transit Authority, Westchester County, Nassau County’s Nassau Inter-County Express and more.
https://www.post-journal.com/news/business/2021/12/sen-borrello-tours-jamestown-new-flyer-plant/
Certification Covers Design, Manufacturing and Other Activities
TORONTO, ON / ACCESSWIRE / July 28, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery technology and manufacturing company, is pleased to announce that it has earned ISO 9001:2015 certification for its quality management system.
The scope of Electrovaya's certification includes the design, manufacturing, supply and repair of lithium-ion battery products.
"Achieving ISO 9001:2015 certification is a key milestone for Electrovaya, providing important third-party validation of our emphasis on quality processes," said Dr. Raj DasGupta, CEO. "Our lithium-ion batteries are designed and built to the highest quality standards and to meet the needs of some of the most demanding applications. This certification is a confirmation of our ongoing commitment to reliability, quality assurance and safety."
Good catch. Love the expansion!
$EFLVF ~ E-bus battery maker eyes county Jamestowns
Jul 27, 2022
John D'Agostino and John Wittaker
editorial@observertoday.com
Electrovaya, a developer and manufacturer of portable lithium-ion batteries, is expected to be the new tenant of the former Acu-Rite building at 1 Precision Way, Ellicott.
That is believed to be the case after Gov. Kathy Hochul announced a hydropower allotment to Electrovaya from the Niagara Power Project through the New York Power Authority.
Electrovaya, a developer and manufacturer of portable lithium-ion batteries, is planning a 135,000 square-foot expansion project in the city to operate lithium-ion cell manufacturing and battery module assembly equipment. The hydropower allocation approved at Tuesday’s NYPA board meeting will support Electrovaya’s expansion, spurring $40 million in capital investments. According to NYSERDA, Electrovaya is proposing a manufacturing facility in Jamestown to make domestically produced cells and modules tailored for electric buses.
Electrovaya is expected to create 50 direct manufacturing jobs in Jamestown in its first year and has the potential, according to company officials, to expand to more than 300 jobs. County IDA officials said during a previous meeting that Sustainable Energy Jamestown may come back to the IDA once a tenant had been secured, so the Electrovaya project may come back to county development officials again. Mark Geise, county IDA director, described the new owners last month as “a group of investors that have been formed to purchase the building.”
The company is working to increase its financial viability, with revenue expected to double in 2022 to between $21 and $25 million.
March revenue increased 47% from 2022 to 2021 and purchase orders total $25 million (American). The company has also received a needed credit increase.
“It is anticipated that sales will grow rapidly in the second half of fiscal 2022 as production has ramped up to meet existing demand,” said Richard Halka, Electrovaya executive vice president and chief financial officer. “As Sankar (Das Gupta, Electrovaya chairman and CEO) has mentioned purchase orders in hand for delivery currently exceed $25 million (American) or $31.5 million (Canadian). As Sankar also mentioned, the impact of supply chain issues and inflationary pressures was evidenced in our gross margin for Q2 2022, 25% compared to 32% for Q2 2021. The decrease was due to a number of factors including inflationary pressures on material cost increased shipping on logistics costs and foreign exchange movements.”
Electrovaya has developed a proprietary lithium-ion battery technology possessing a combination of high energy capacity, long cycle life, and operational safety. The resulting battery systems are suited for vehicles operating over 12 hours per day and requiring at least one full charge cycle per day, including e-buses and e-trucks.
“Just today the bus market, the electric bus market, is a very small market compared to the materials handling market,” Das Gupta said during a recent earnings conference call. “The materials handling market it’s tens of billions of dollars. And the bus market — I know the press likes it and people like it because they can see buses running around every day. But it’s a very small market today. However, the market will grow quickly we hope as Washington D.C. and others places start opening up their — the demand to the climate change — various programs. So … our feeling is our technology should become the industry standard for any heavy-duty vehicles.”
https://www.observertoday.com/news/page-one/2022/07/e-bus-battery-maker-eyes-county-jamestowns/
What Kind Of Investors Own Most Of Electrovaya Inc. (TSE:EFL)?
Simply Wall St
Sat, July 23, 2022 at 8:20 AM
In this article:
EFLVF
+0.75%
Every investor in Electrovaya Inc. (TSE:EFL) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.
Electrovaya is not a large company by global standards. It has a market capitalization of CA$129m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions don't own many shares in the company. Let's delve deeper into each type of owner, to discover more about Electrovaya.
See our latest analysis for Electrovaya
ownership-breakdown
ownership-breakdown
What Does The Institutional Ownership Tell Us About Electrovaya?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
Institutions have a very small stake in Electrovaya. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too.
earnings-and-revenue-growth
earnings-and-revenue-growth
Electrovaya is not owned by hedge funds. Our data suggests that Sankar Gupta, who is also the company's Top Key Executive, holds the most number of shares at 35%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. In comparison, the second and third largest shareholders hold about 1.6% and 0.8% of the stock. Note that two of the top three shareholders are also Top Key Executive and Member of the Board of Directors, respectively, once again pointing to significant ownership by company insiders. Furthermore, CEO Rajshekar Gupta is the owner of 0.5% of the company's shares.
A deeper look at our ownership data shows that the top 10 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time.
Insider Ownership Of Electrovaya
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
It seems insiders own a significant proportion of Electrovaya Inc.. It has a market capitalization of just CA$129m, and insiders have CA$50m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public -- including retail investors -- own 60% of Electrovaya. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Electrovaya better, we need to consider many other factors. To that end, you should learn about the 3 warning signs we've spotted with Electrovaya (including 1 which is significant) .
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
>
https://finance.yahoo.com/news/kind-investors-own-most-electrovaya-122030603.html
Electrovaya Announces Increase in Credit Facility to C$16 million
Electrovaya, Inc.
Thu, July 21, 2022 at 4:30 AM
https://finance.yahoo.com/news/electrovaya-announces-increase-credit-facility-113000547.html
Afternoon MFH 55
Born TY *** My biggest problem with EFL is in the Up Listing area BUT I know they are aware of it and the marking making in the OTC is the wild west and a disgrace but they won't reverse split and will wait for the stock to rise to the area that will get them on Nasdaq, Raj is ready to whip this company into the future. Cheers and thanks again Born. hay you could ask them how big would an order have to be for them to turn it Down : )
July 21, 2022 - 7:30 am
TORONTO, ON / ACCESSWIRE / July 21, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$14 million to C$16 million to support its sales growth. As consideration for these amendments, Electrovaya has paid a fee of C$50,000, paid in shares to the financial institution.
I agree with you, this guy is the right guy to lead this company to the next level, he is ready. Things are falling in place for a big move to the upside.
BTW there is another interview being scheduled tomorrow with another guy, I got this from another board. The more eyeballs on this the better it gets, after all this is a small company, that is waiting to be discovered.
GLTA!!!
Hello EFL shareholders. I will be doing an interview with Raj tomorrow and wanted to ask you fine folks if you have any questions you would like me to ask him. The video will be posted on my youtube channel shortly after, which you can find under the YT channel JP Media
Born ** Thanks very much for Rajs interview on Libsyn, Very personal and his thoughts on the Car battery EV goal were interesting. They finally have a management team ready to meet an Up listing analyst meeting if and when it happens. And a website that looks professional. Felcourtconsultants @ lingfiele4 on twitter Cheers
Afternoon ** new piece of Advertisement on Twitter just now. 19.52 UK time fyi
Morning Born *** Agree, more than just retail buying.
Not a bad trading day in EFLVF today, nice volume, and the volume has been trending higher in the last few weeks. Volume usually precedes price looking for a decent share price increase going into earnings and beyond.
GLTA!
I don't remember the largest Vol. day maybe you or Born remembers. TY
If that Conv. Seller wasn't there stock would be over 1.00 dollar ,,But I guess you got to pay the Rent .
Getting a lot of posts on Twitter, looking good
Yes, a USA plant update would be nice. Need to get that up for “made in USA stamp” and get some Biden money,. Also, how many assembly lines/shifts are being used right now. Last i heard it was 1.5 lines out if 9 possible lines. (3 “lines” x 3 shifts = 9 total lines.
The next person who speaks with Jason Roy from IR, we should find out if this new plant is still scheduled for 2023. This could be a big deal for the company, to open a plant in New York!
Morning Born** It looks like they finally got their train back on the tracks, new corporate management team is in place now for an uplisting when the stock gets higher, and Raj has got his eye on the Solid State situation so good luck too all.
Welcome back! You're in time for the $1.00 party, I'm going to hang around for the $2.00 party or maybe even the $3.00 party.
GLTA!!!
Looks like someone other than me is loading ,,im back
Geo, I like your comment from Darp Research, on the SA article from yesterday...
https://seekingalpha.com/news/3855024-electrovaya-receives-11m-battery-order-for-materials-handling-evs#scroll_comments
Electrovaya receives $11M battery order for Materials Handling EVs
Jul. 07, 2022 10:08 AM ET
https://seekingalpha.com/news/3855024-electrovaya-receives-11m-battery-order-for-materials-handling-evs?mailingid=28295950&messageid=2900&serial=28295950.308&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=28295950.308
Great news! Can we finally begin to move up steadily?
Electrovaya Receives US$11 Million Battery Order for Materials Handling Electric Vehicles from a Single End User
Thursday, July 7, 2022 8:00 AM
Topic:
Company Update
Single largest order for MHEV batteries in the Company's history
Received MHEV battery orders totaling more than US$40 million to date in the 2022 calendar year
TORONTO, ON / ACCESSWIRE / July 7, 2022 / Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, today announced the receipt of a battery purchase order through its OEM sales channel valued at approximately US$11 million. The batteries will be used by a leading Fortune 100 company to power Materials Handling Electric Vehicles ("MHEVs") in four existing distribution centers in the United States. The majority of deliveries under the order will be completed in the Company's fiscal fourth quarter ending September 30, 2022. It is the single largest purchase order for MHEV batteries in Electrovaya's history.
Electrovaya, Inc., Thursday, July 7, 2022, Press release picture
This same Fortune 100 company made two purchase orders earlier in the 2022 calendar year that were previously announced by the Company. Accordingly, the aggregate value of orders made by this customer now exceeds US$16 million this year. It has ordered more Electrovaya MHEV batteries than any other end user.
Since January 1, 2022, Electrovaya has received more than US$40 million in firm assigned MHEV battery orders, not including blanket purchase orders.
"We are delighted to announce our largest single MHEV battery order to date. Our run rate for new orders is increasingly strong," said Dr. Raj DasGupta, CEO of Electrovaya. "Electrovaya's MHEV batteries, based on our proprietary Infinity battery technology, offer superior safety and cycle life and thus provide sophisticated commercial customers with the lowest overall cost of ownership."
"Our strong inventory levels position Electrovaya to make timely deliveries tied to these growing order volumes," added John Gibson, CFO of Electrovaya.
For more information, please contact:
Investor & Media Contact:
Jason Roy
Email: 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 deployment of the Company's products by the Company's customers and the timing for delivery thereof, 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 purchase and deployment of the Company's products by the Company's customers and users, and the timing for delivery thereof, and levels of expected sales and expected further purchases and demand growth are based on an assumption that the Company's customers and users will deploy its products in accordance with communicated intentions, that the Company will be able to deliver the ordered products on a basis consistent with past deliveries, and the anticipation of the Company delivering batteries in Q3 and Q4 FY2022 on the present purchase order are all based on assumptions by the company and its end users. Important factors that could cause actual results to differ materially from expectations include but are not limited to 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.
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.
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