"The Spot Light" The start of great advances.
posted on
Jan 18, 2015 01:53PM
(Edit this message through the "fast facts" section)
OK Here we are to date.
Electrovaya's exponential growth will be a combination of licensing agreements and direct production.
Taking over a plant that has an estimated building cost of 1.3 billion. (rev. 30mill/yr)
Dow Chemical (NYSE:DOW) has written off about $1 billion of lithium ion and other assets and essentially walked away from its new conventional production plant in Michigan, built at an estimated cost of over $600 million. Sony (NYSE:SNE) has 5 similar plants and has been trying to sell them for over 2 years with no success.
Working with Wal-Mart.........Will help with revenues at the Canadian plant.
One of Electrovaya's recent non-exclusive licensee is Tata Motors (NYSE:TTM), part of the $100 billion Tata Group.
Electrovaya's technology breakthrough allows lithium ion batteries to be produced at costs well below $200/kWh and opens up massive mainstream deployment of low cost Lithium ion batteries into the electric vehicle and energy storage applications
Electrovaya is also working with other companies all in the Fortune 50 list and major utilities worldwide.
Additionally, Electrovaya is now receiving contracts from global majors in applications such as China's largest electric car project (Dongfeng); utilities (Scottish & Southern Energy (OTCPK:SSEZY), HydroOne and others); Norwegian electric ferry; mining from Fortune 20 companies and micro-grids with Canadian Solar (NASDAQ:CSIQ). It is expected that Electrovaya will become the globally dominant lithium ion battery company because of this technology breakthrough, which reduces the costs of lithium ion batteries by more than 50%.
We all know the above info and know that one way or another Electrovaya will start making healthy advances towards success.
I have to review this info from time to time just to stay focused on what Electrovaya has really accomplished in the last year.
Cheers...Go Seahawks Go.......