From this news release of the premier's office, there are a couple of things that may imply.

1. It is a development contract, not an MOU.

2. The total consideration of the 3 contracts of this news release is CAD$457MM. The dairy deal is worth over CAD$450MM and the Cleantech Capital is worth CAD$1MM. So the battery deal should be worth about CAD$6MM or may be a little bit less.

Also, from the official release, Electrovaya is using a Chinese, Jerry Chao, as its advisor to do business in China. It will help to move things forward in that market.

It is interested to see how EFL protects its IP in China. If it is successful and for future deployment, the batteries have to come from that region either China or close to it (India?). Nevertheless, it is an interesting development.