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Message: EFL Receives Initial Purchase Order from OEM for UAE

I believe this is the beginning of a series of announcements which will end with a buy-in deal with Toyota which should sufficiently bring the SP to a level acceptable for the Toyota 10% to make the impact acceptable for Electrovaya. They still have some major announcements coming and I think they will be soon. Personally I will not be doing any profit-taking at this point because I think it is too risky now. With these recent deals the SP is primed to move substantially on a major announcement (Toyota, Dongfeng, major utility, etc.). Remember they stated in the conference call in Feb. that the telecom opportunities were significant in India and they were working with customers in Africa and middle east and an announcement was expected in 2013. They stated in the last CC that they had talked to 8-10 utilities with the major asian conglomerate (most likely Toyota) when they were at the California trade show. There are other big opportunities that I suspect they are involved in but I don't have enough information at this time to share them here.

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