Too bad market do not match stockprice with pipeline numbers and so on ...

As Andy will say, we now have the strongest sales pipeline in our history and we see exponential growth this year and years to follow as we do our small bit for climate change. Andy?

We’re expecting significant revenue growth in the utility energy storage market and currently have established a sales pipeline to some of the leading utilities and independent power producers in North America. This current pipeline includes a potential of delivering over CAD 45 million in the utility energy storage sector alone in the next 12 months.

The demand in the industrial sector is massive. They typically use lower voltage systems, in the range of 24 volts to 80 volts. This will be a priority sector for Electrovaya in both Europe and North America. The current sales pipeline is over CAD 80 million dollars with multiple key Fortune 100 customers. Next two months for us will be very crucial as we complete production design and fleet trials with various customers.

With majority of the electrodes shipments from Litarion being utilized by Electrovaya system requirements, total sales in the next 12 months are expected to be large. Overall, we have a pipeline of over CAD 150 million.

So we are expecting another €3 million to come in and over the next weeks or maybe two or three months ... no news :-(