(g) NMP-free Production Process Cell Production (SAB)

It ́s planned to implement the Electrovaya-patentedProcess of NMP-free production together with a new Cell technology. The approximated costs will be € 5 million and the project time will be 3 years. The application has been made and the projectis estimated to start in 2016. The funding rate is not yet fixed.

I think that the lithium-ion market is too strong right now, they have to land contracts in order to continue with this project. They have said before that they are watching the cash flow very closely.....I trust what they are doing and its early in the game....I for one... think the game doesn't start till 2017.

I'm 100 percent sure that the german group thought it could do a lot better with canada's current NMP-free manufacturing lines....in saying this...good on them....