According to 1st CC and plan mysterious "sales pipeline" above 150M$ mention by Ganaphaty (still not on website list of management VP ...), huge part of Litarion should be used by Electrovaya to sold battery systems, a large unit storage with design, battery, electronic, software, services should be most profitable business.

Leclanché got 8.2ME (12 MCAD) for 4MWh Graciosa storage unit, so 3000 CAD/kWh much higher than the price paid by Leclanché for electrodes.

Selling electrodes is not a high margin business, nice to see sales to Leclanché but not key to success. Most interesting will be sales of non NMP process to Leclanché to confirm process performance ... and to have conformation how Electrovaya will finance it.

Separators is probably a good business with nice margin, in the movie seems really compact unit.

Hope sales of large MWh storage unit will come soon.