What you need to know: • Due to the fluctuating levels of energy produced on an hourly basis by renewable energy sources, energy storage is required to smooth out supply and demand • The grid is becoming increasingly unstable due to its old age and extreme weather conditions, and is not set up to accommodate a net-zero system • Small and mid-cap players in the space are down over 60% since 2021, making today’s valuations a great entry point Why Do We Need Energy Storage? Intermittent Supply fro...
EQS-News: Electrovaya Inc. As EV Manufacturers Look To Reduce Fire Hazards, Electrovaya Aims To Offer The Safest Lithium Ion Battery In The Industry 30.11.2022 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. As electric vehicles (EVs) from Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F) and Stellantis NV (NYSE: STLA) , manufacturers have placed renewed urgency on finding safer, less fire-prone batteries to power their EVs. The outbreak of EV fires mirrors the aftermath of Hurricane Sandy in 2012 when over 3...
EQS-News: Electrovaya Inc. Electrovaya Is Scaling Production On Some Of The Safest, Longest-Lasting Lithium-Ion Batteries On The Market To Help Economies Meet Clean Energy Goals 25.10.2022 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. Batteries and other electricity storage technologies are key to making the transition away from fossil fuels possible. According to the International Energy Agency (IEA), meeting the world’s climate and renewable energy goals will require approximately of energy storage technology, including batteries...
EQS-News: Electrovaya Inc. Electrovaya To Build Its First U.S. Gigafactory in New York State, To Open In Phases Starting In Late 2023 04.10.2022 / 22:01 CET/CEST The issuer is solely responsible for the content of this announcement. Electrovaya Inc. recently that it has selected New York State as the location for its first U.S. gigafactory (the “Gigafactory”), for the production of cells and batteries. Electrovaya will set up operations at a 137,000-square-foot plant on a 52-acre campus near Jamestown, NY. The Company is developing the Gigafactory due to rising demand for...
Re-filing of Q2 MD&A TORONTO, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQB: EFLVF) announces that it has filed revised management’s discussion and analysis for the six month period ended March 31, 2021 (the “MD&A”) following a review of the Company’s preliminary short-form base shelf prospectus (including the documents incorporated by reference therein) filed on June 9, 2021 (the “Prospectus”). The MD&A has been revised to include additional discussion and analysis of operations for the period, add certain quantifiable measures and ...
Electrovaya Reports Q1 2019 Revenue of Approximately $2.0 million Strong sales growth driven by rising demand from large global customers TORONTO, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQX: EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today reported its financial results for the fiscal first quarter ended December 31, 2018 (“Q1 2019”). All dollar amounts are in U.S. dollars unless otherwise noted. Q1 2019 Financial Highlights: Revenue was $2.0 million (C$2....
Electrovaya Announces Date of Earnings Release and Conference Call to Discuss the Quarter ended December 31, 2018 Financial Results TORONTO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX: EFL) (OTCQX:EFLVF) today announced that it will release the financial results for the quarter ended December 31, 2018 on Wednesday February 6th, 2019 after the markets close. EVP & CFO Richard Halka and VP Business Development Dr. Rajshekar Das Gupta will host a conference call on Thursday February 7th, 2019 at 7:30 a.m. Eastern Time (ET) at which time they will discuss the results and provide ...
Electrovaya Reports Fiscal 2018 Revenue Increased 148% to US$5.6 million, Q4 2018 Revenue Rose Sixfold to US$1.2 million Growing sales through OEM channels and through direct distribution to large global firms TORONTO, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQX: EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2018 (“Q4 2018” and “FY 2018”, respectively). All dollar amo...
Electrovaya Announces Date of Earnings Release and Conference Call to Discuss the fiscal year ended September 30, 2018 Financial Results TORONTO, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX: EFL) (OTCQX:EFLVF) today announced that it will release the financial results for the fiscal year ended September 30, 2018 on Wednesday December 12th, 2018 after the markets close. CEO Dr. Sankar Das Gupta and EVP & CFO Richard Halka will host a conference call on Thursday December 13th, 2018 at 8:00 a.m. Eastern Time (ET) to discuss the results and provide a business update. Conference ca...
Electrovaya Signs $3.8 million Contract with Sustainable Development Technology Canada to Develop Safe and Long-Lasting Batteries for Electric Buses and Commercial Vehicles Two bus manufacturers join Electrovaya in development consortium TORONTO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) is pleased to announce that it has now signed a $3.8 million contract with Sustainable Development Technology Canada (“SDTC”) to develop safe and long-lasting lithium ion ceramic batteries for electric buses and commercial vehicles. The initial payment on the contract has...
Electrovaya Provides Business Update TORONTO, Oct. 03, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQX: EFLVF) today provided a business update covering a number of topics. Electrovaya is focused on supplying lithium ion batteries for the Materials Handling Electric Vehicle (MHEV) sector, an emerging and rapidly growing market opportunity. The Company is pleased to announce that it has received new purchase orders worth more than US $1.9 million (Cdn $2.4 million) to bring the total value of announced purchase orders received since the end of t...
Electrovaya Reports Financial Results for Q3 2018 Continued growth in order volumes from new and existing customers TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQX: EFLVF) today reported its financial results for the fiscal third quarter ended June 30, 2018 (“Q3 2018”). All numbers are in U.S. dollars unless otherwise noted. Electrovaya is focused on supplying lithium ion batteries for the Materials Handling Electric Vehicle (MHEV) sector, an emerging and rapidly growing market opportunity. Since the start of Q3 2018, the Co...
Electrovaya Enters into $1.5 Million Secured Loan Facility TORONTO, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQX:EFLVF) announces that it has entered into a secured demand loan facility with a corporation controlled by a director of the Company. The loan facility is for the principal amount of $1,500,000 with interest payable at 10% per annum accruing until a demand for repayment is made or the facility is repaid in full, and is evidenced by a promissory note in favour of the lender. The Company’s obligations under the loan facility ...
Electrovaya Announces Follow-on Purchase Orders for a total of US$1.3 million (C$1.7 million) TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQX:EFLVF), announces follow-on purchase orders from two current customers totalling about US$1.3 million (~C$1.7 million) for its ELivate line of forklift battery systems and energy storage modules. Electrovaya is pleased to see a good flow of repeat orders in the Materials Handling Electric Vehicle (MHEV) and Automated Guided Vehicle (AGV) markets. Electrovaya is focused on supplying l...
Electrovaya announces the sale-leaseback of its headquarters in Mississauga for approximately CDN$22.5 million TORONTO, July 27, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQX:EFLVF) announces that it has entered into a binding agreement for the sale-leaseback of its headquarters at 2645 Royal Windsor Drive in Mississauga, Ontario (the “Property”) for approximately $22.5 million. Net proceeds to the Company are expected to be $21 million before transaction expenses, subject to customary closing adjustments, and will be used to pay down debt and...
Electrovaya Announces Completion of Walmart Canada Project Distribution Center is fully operational with all Electric Lift Trucks powered by Electrovaya’s Lithium Ion batteries TORONTO, July 25, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQX:EFLVF), today reported the completion of the delivery and commissioning of Electrovaya batteries to a Walmart Canada distribution center fulfilling the previously announced purchase order. This marks a major milestone for Electrovaya and the Materials Handling Industry, as this site represents one of the l...
Electrovaya Announces Initial and Follow-up Purchase Orders From Multiple Customers Orders Demonstrate Revenue Momentum in the Materials Handling Electric Vehicle Sector TORONTO, June 12, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQX:EFLVF), today announced purchase orders totalling approximately US$1.8 million (~C$2.3 million) for its ELivate line of forklift battery systems and energy storage modules. Electrovaya received initial orders from two new customers, and follow-up purchase orders from several repeat customers. The majority of th...
A director at Electrovaya Inc bought 145,000 shares at 0.834USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
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