Re: Energy absolute
in response to
by
posted on
Nov 30, 2017 09:53AM
(Edit this message through the "fast facts" section)
It's complicated and it takes some time to research but I think the connection is clear. Let me start by saying that the initial deal with Amita is clearly stated that they have a large deal with Litarion. https://agoracom.com/ir/Electrovaya/forums/discussion/topics/687257-energy-absolute/messages/2142038#message Shortly after the announced deal they announced a new line to be built and talk about the large-scale lithium-ion battery OEM contract with the famous German merchant. http://www.microsofttranslator.com/bv.aspx?ref=IE8Activity&r=true&a=http%3A%2F%2Fwww.winner-tw.com%2FSQLPage%2FNewsInto.asp%3FNews_id%3D176986%26action%3Dassign%26CompanyName%3D%25E6%259C%2589%25E9%2587%258F%25E7%25A7%2591%25E6%258A%2580 The name of the company is referred to as science and technology and in another post they are called a different name but it can all be confirmed as Amita based on their SET (Taiwan stock market number-5233) and various other information such as the General managers name Cheng Jingyi and other information such as the Turtle mountain plant (Amita Technologies). This is right about the time that Energy Absolute buys in to Amita. Let's face it no one is going to build a 50GWH plant without testing the technology so I believe this new line for Amita was their test of the new technology. On Stockhouse I have posted under the name Vestmed and here is my post regarding the original report from Energy Absolute where they stated a direct connection with Litarion and that they would be using their technology. Shortly after posting this the report went from 48 pages to 44 and the reference to Litarion and their technology was gone. http://www.stockhouse.com/companies/bullboard?symbol=t.efl&postid=25618196 This was an important link and now it is gone. If you review Energy Absolutes presentations you will see the early reference to Litarion as the OEM partner for Amita but that is also absent from the newer presentations. You can also see the progression of Amita's capacity as they add more production. On the Opportunity Day presentations in Taiwan you can review the presentations and if you take the time to listen to the video even though it is in a foreign language you can hear them say Litarion many time throughout the presentation when they are talking about the batteries. https://www.set.or.th/set/oppdaybycompany.do?language=en&country=US&searchBy=company&namePart=energy+absolute+public+company+limited&symbol=ea&submit= I have stated before that as of a couple quarters ago there was no income from "other" on their financials so this refers to revenue outside of Canada, USA or Germany now the bulk of their revenue is from "other". I believe this is revenue mainly from their association with Amita and Energy Absolute and possibly to supply DHL for the Streetscooter. The Streetscooter is ramping up and I find it coincidental that at the same time their revenue from other is ramping up as well. Also in the Energy Absolute presentations under "main clients" for Amita they refer to a European electric vehicle. Hope this helps.