Conference call
posted on
May 15, 2014 11:31AM
(Edit this message through the "fast facts" section)
I just finished listening to the conference call, I have listened to every CC electrovaya has had and I strongly suggest investors of electrovaya call in and listen to this one. If you cannot listen to it go to electrovaya's website and read their new presentation, go to investor relations tab and then click on corporate presentation dated 2014-05-14. Let me provide a synopsis of information on the new opportunities they talked about. First of all the projection of 15 million for 2014 is in U.S. dollars. For the marine division they are bidding on many projects and in discussions for future projects. The mining project is with one of the top mining co's. in the world, a fortune 100 co.,it is a massive mine, this is their first project in this area and they are bidding on many, many more. In the industrial sector they are producing their briefcase battery for their customer in Dubai, they have delivered the first order and are in discussions for more orders with them and have contracts with others for this product. The fortune 10 company they referred to tested their batteries for 6 months and they say the battery performed exceptionally well, beyond their expectations, they are delivering products to them and receiving orders for more. I think one of the most important developments is the deal with Canadian Solar, they will be providing them with more systems so this was not just one order, this could be a huge development. Another very important deal was the Scottish and Southern project in the UK. the more I read about this project the more excited I am, this is a very important, unique project that is being evaluated by utilities all over the world and electrovaya states that more orders are being finalized. Hydro One system to be delivered soon. They are talking to a major telecom co. about the backup power for telecom towers. They state they are partnering with some major companies. They also state they are winning contracts against Siemens and Mitsubishi. In the smart homes area they state the market is emerging in Germany and they are building 3 demonstration systems. Very impressive developments, I quess this explains the 3 shifts a day and recent hiring of executives. Based on this information we should be getting several announcements regarding new deals and alliances.