Re: Who is this Strategic Partner?
in response to
by
posted on
Nov 28, 2022 04:25PM
The reason this Strategic Partner is of interest to me is. Way back a couple years ago LAC filed some paperwork with the government. I am thinking an initial feasibility study. Anyway down near the end of the document LAC states they would like to buld a battery plant on site. They go on to describe the battery cell from a little unknown company. The cell would be manufactured with an environmentally friendly process. (No solvents to dispose of) The solid state cell would have a lithium anode.
I being an Electrovaya stock holder immediately recognized the description as a cell that Electrovaya was working on in their R&D department. Electrovaya has since produced a multilayer prootype cell that is in testing. Tests show about 400Wh/Kg which good enough for automotive, marine and aviation. The pilot manufacturing process is being assembled which they hope to patent. They will soon be ready for a Partner.
Since I own stock in both you can understand why I am so curious. I am also biased and admit it.