"In order to be successful, you have to make sure that being rejected doesn’t bother you at all."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for that article Paulifer, I like the last line in that article.
That would be the ideal thing to do up-list to a better exchange without doing a reverse split!
GLTA!!!
CHARGING INTO THE ENERGY TRANSITION: AN INTERVIEW WITH CANADIAN BATTERY TECHNOLOGY COMPANY ELECTROVAYA
Produced by ARC Energy Research Institute | September 6, 2022
https://www.arcenergyinstitute.com/charging-into-the-energy-transition-an-interview-with-canadian-battery-technology-company-electrovaya/
The third Interview in the past week with Electrovaya, this one is a podcast. Raj is getting the word out on $EFLVF.
Electrovaya (EFL), EFLVF CEO Raj Gupta Pitch, Deep Dive, Q&A
Electrovaya (TSX: EFL, EFLVF) Interview with CEO Raj DasGupta
I don't see the replay of the video yet when it comes available I will post it. BTW the interviewer did a good job on the Q & A! He did hit on the subject of the Jamestown property, Raj said that they didn't purchase the property, only secured it! It is hopefully still on their radar and may be announced when and if they purchase it. He sounded like they have a few irons in the fire so keep an eye on their PRs.
GLTA!
That sounds like great news for the company and could be one of the reasons why EFLVF brought the property in Jamestown, NY.
BTW welcome to the board!
Looking forward to the Q & A this Wednesday.
On a technical look, the chart looks like it's ready for a major move upwards.
https://www.barchart.com/stocks/quotes/EFLVF/opinion
Maybe we can some clarity on the Jonesville site next week:
1. Do we have any partners involved in this site?
2. Is this going to be in addition to the Canada site?
3. Will they need to raise cash to pay for this site?
4. Will they be selling ESS batteries to NYS which is very close to Niagra falls power plant?
$EFLVF ~ New Presentation
https://electrovaya.com/wp-content/uploads/2022/08/Final-Electrovaya-Corporate-Presentation-Aug-17-2022-Website..pdf
also NEW Q&A
Webinar - Electrovaya Inc. $EFL w/ CEO Rajshekar Dasgupta
Wed, August 31 at 2pm ET / 11am PT
Q&A with Radius Research
Register Here - https://us02web.zoom.us/webinar/register/4316613590958/WN_P-iXJjrmRTK0blFIFSQRIw
CEO Rajshekar Dasgupta discusses EFL's proprietary Lithium Ion Ceramic Battery Technology for mobility and grid storage solutions.
Brownie’s Marine Group Announces 64.3% Increase in Revenues for the H1-2022 vs. H1-2021
Press Release | 08/22/2022
Pompano Beach, FL, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced results for the second fiscal quarter ending June 30st, 2022.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “The Company continues its strong growth path, and we’re very pleased with our trajectory through the second quarter. The BLU3 division continues to be our fastest area of growth and would have likely shown additional growth had it not been for some supply chain issues in June that created some back-orders.” Mr. Constable continued, “We are excited about the addition of Live Blue to our roster of companies, and we expect this division to capitalize on the popularity of the BLU3 product line and change the way that people enter the water and comfortably explore the underwater world.”
Fiscal Q2-2022 Highlights vs. Q2-2021
Net Revenues increased 40.2% to $2.40 million for Q2-2022 vs. $1.71 million in Q2-2021;
The Adjusted Net Income(1) increased 109.1% to $89.5 thousand for Q2-2022 vs. $42.8 thousand in Q2-2021;
H1-2022 Revenue increased 64.3% to $4.37 million as compared to $2.66 million for H1-2021
BLU3, Inc. revenue increased 94.5% to $1.68 million for H1-2022 vs. $863.0 thousand for H1-2021;
LW Americas revenue increased 52.9% to $547.0 thousand for H1-2022 vs. $357.7 thousand for H1-2021;
Select Financial Metrics: Three Months and Year to Date Ended June 30th, 2022, Comparisons
(in thousands) Q2-22 Q2-21 Change H1-22 H1-f21 Change
Total Net Revenues $ 2,401.24 $ 1,712.92 40.18 % $ 4,376.20 $ 2,663.70 64.29 %
Legacy SSA Products – Brownies Third Lung $ 797.02 $ 976.97 -18.42 % $ 1,378.10 $ 1,443.01 -4.50 %
High Pressure Gas Systems – LW Anerica’s $ 270.20 $ 207.57 30.17 % $ 547.01 $ 357.69 52.93 %
Ultra-Portable Tankless Dive Systems – Blu3 $ 884.27 $ 528.38 67.35 % $ 1,678.90 $ 862.98 94.55 %
Ultra-Portable Tankless Dive Systems – Submersible Systems $ 399.48 - NM $ 721.90 - NM
Guided Tour/Retail - Live Blue $ 50.27 - NM $ 50.27 - NM
Operating loss $ (319.14 ) $ (247.61 ) 28.89 % $ (753.04 ) $ (694.78 ) 8.39 %
Net loss $ (328.66 ) $ (89.80 ) 265.99 % $ (772.75 ) $ (530.79 ) 45.58 %
Adjusted Net Income (loss)(1) $ 89.53 $ 42.85 108.96 % $ 3.02 $ (34.53 ) 108.74 %
NM = not measurable/meaningful
Operational Highlights
May 2022 – BWMG closed on the acquisition of the assets of Gold Coast Scuba, Inc. and launched its new subsidiary, Live Blue, Inc.
Non-GAAP Financial Measures
This press release includes certain financial measures that exclude the impact of certain items and therefore have not been calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). We report adjusted net income (loss) to measure our overall results because we believe it better reflects our net results by excluding the impact of non-cash equity-based compensation. We believe the presentation of adjusted net income (loss) enhances our investors’ overall understanding of the financial performance of our business.
We believe that investors should have access to the same set of tools that we use in analyzing our results. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for or superior to GAAP results.
Unaudited reconciliation of adjusted net income (loss) for the periods presented(1) Six Months Ended June 30,
2022 2021
Net income (loss) $ (772,754 ) $ (530,786 )
plus:
Depreciation & Amortization $ 173,423 $ 64,977
Shares issued for Interest $ 23,048 -
Stock issued for services $ 47,501 $ 125,000
Stock-based compensation incentive bonus shares issued to CEO and employees $ 11,060 -
Stock-based compensation – options $ 520,739 $ 475,875
Loan Forgiveness – PPP and other - $ (169,600 )
Adjusted net income (loss) $ 3,017 $ (34,534 )
Unaudited reconciliation of adjusted net income (loss) for the periods presented(1) Three Months Ended June 30,
2022 2021
Net income (loss) (328,662 ) (89,805 )
plus:
Depreciation & Amortization 81,375 34,880
Shares issued for Interest 23,048 -
Stock issued for services 12,001 -
Stock-based compensation incentive bonus shares issued to CEO and employees 11,060 -
Stock-based compensation – options 290,705 257,370
Loan Forgiveness - (159,600 )
Adjusted net income (loss) 89,527 42,845
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., owns and operates a portfolio of companies with a concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has five subsidiaries focused on various sub-sectors of our industry, including Brownie’s Third Lung, Inc. in Surface Supplied Air, BLU3, Inc. in Ultra-Portable Tankless Dive Systems, LW Americas in High Pressure Gas Systems and Submersible Systems, Inc. in Redundant Air Tank Systems, and Live Blue, Inc. The Company’s wholly owned subsidiaries do business under their respective trade names on both a wholesale and retail basis from our headquarters and manufacturing facility in Pompano Beach, Florida, and a manufacturing facility in Huntington Beach, California.
For more information, visit: www.BrowniesMarineGroup.com.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission (the “SEC”) on April 22,2022, and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954) 462-5570
investors@browniesmarinegroup.com
Stockmule, and scubaboard.com looks like a great place for BWMG to advertise their products. Hopefully, they are on it already.
Someone came in today with a nice 1 million share purchase, maybe the first of many large buys, earnings due next week?
Good to see they are trying to expand the exposure of their Nemo products would love to see it on some TV shows like Under Deck, or some in use on some yachts where they can expose it to 1000's of viewers. At least they are starting to spread the word on Nemo.
GLTA!!!
BWMG-subsidiary-Live-Blue-Inc-Launches-Guided-Tours-Featuring-Tankless-Diving
Pompano Beach, Fla., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group Inc’s (OTCQB: BWMG) wholly owned subsidiary, Live Blue, Inc. is launching a unique underwater experience this summer with guided tours featuring their sister company BLU3’s tankless diving system, Nemo.
Divers who participate in the underwater experience will use BLU3's Nemo dive system, which is a battery-powered, custom-designed compressor designed to float right behind and above divers. Tankless scuba diving combines the simplicity of snorkeling and the thrill of scuba diving.
The guided tour is a diving experience designed for those who have previously snorkeled. Participants will have the opportunity to adventure alongside an authorized Live Blue dive guide. The guide will provide hands-on training and guidance so newcomers can learn to comfortably dive at 10 feet for 45 minutes. The tour serves as an excellent introduction to diving while bridging the gap between snorkeling and diving. During the tour, divers will be able to immerse themselves in the underwater world without the hassle and weight of heavy scuba gear/equipment.
Participants will watch a 15-minute introductory video either before arriving or upon arrival at the guided tour location. Then, they will meet up with their dive guide to go over lessons, skills and drills before heading off to explore. Participants will then follow their dive guide through a thrilling underwater adventure.
Divers who participate in a guided tour will have the chance to be introduced to the Nemo product and the underwater world that awaits without having to purchase the system. However, divers can put some of the guided tour fee toward the purchase of a Nemo system.
"The Live Blue experience is the culmination of what we have been working toward at Brownie’s Marine Group." said Chris Constable, CEO of Brownie’s Marine Group. "Live Blue gives customers the opportunity to enjoy the underwater world with a qualified guide. Our differentiator from other tourist type dive experiences is that the customer is given an opportunity to purchase one of our units right after finishing their tankless dive adventure, bring value to the tour operator and to the manufacturer, BLU3"
The guided tour location in Lauderdale-by-the-Sea is just the first of what will be many similar locations around the world. More Florida locations are expected to open soon with more announcements coming in the near future.
With this pilot program, Live Blue also is inviting new tour operators to come and learn their processes and guidelines. If you are interested in becoming a Live Blue Dive Guide, visit goliveblue.com to apply.
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., owns and operates a portfolio of companies with a concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has five subsidiaries: Brownie’s Third Lung; BLU3, Inc.; LW Americas; Submersible Systems, Inc.; and Live Blue, Inc. The Company is headquartered in Pompano Beach, Florida.
For more information, visit: www.BrowniesMarineGroup.com.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954) 462-5570
investors@browniesmarinegroup.com
https://www.globenewswire.com/news-release/2022/08/01/2489495/0/en/Brownies-Marine-Group-Inc-OTCQB-BWMG-subsidiary-Live-Blue-Inc-Launches-Guided-Tours-Featuring-Tankless-Diving.html
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!!!
$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
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!!!
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!
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!
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!!!
$EFLVF continuing its upwards move today, some nice comments on SA
https://seekingalpha.com/news/3855024-electrovaya-receives-11m-battery-order-for-materials-handling-evs#scroll_comments
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
EFLVF is up 22% on great news!
https://www.stck.pro/news/EFLVF/30735735
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.
$EFLVF is starting to reverse to an upwards move, might be time to look into this one again
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
Sounds like an opportunity to get more eyeballs on the company, that we need!
GLTA!!!
https://batterysystemsexpo.com/
All we need is one! With great products and a great management team, it will happen.
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/
BWMG is a hidden gem waiting to be discovered.
EcoMike, that's a great article with graphics on the potential of the dive market, next problem is how to reach the masses with the options they have available to them. Once $BWMG figures this out it will be golden, I think they are on their way with their new acquisitions.
It would be nice if they could get their products in stores like Dick's Sporting Goods or Target. This is a great product with a lot of potential too!
EcoMike, that's a great article with graphics on the potential of the dive market, next problem is how to reach the masses with the options they have available to them. Once BWMG figures this out it will be golden, I think they are on their way with their new acquisitions.
It would be nice if they could get their products in stores like Dick's Sporting Goods or Target. This is a great product with a lot of potential too!
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!
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!!!
New corporate presentation as of May 24 on their website!
https://electrovaya.com/wp-content/uploads/2022/05/ElectrovayaCorporatePresentation_05242022.pdf
EFLVF ~ 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