Re: Private placement
in response to
by
posted on
Jun 16, 2014 04:58PM
(Edit this message through the "fast facts" section)
No I don't know who is involved at this point but I have sent a request for information to IR. They state they will get back to me soon. Based on what I know and estimating their current manufacturing capacity and news from the last few months, I feel they have secured a major EV contract. Could be Dongfeng or the fortune 10 company they referred to in the financials or someone else we don't know about. I talked to IR not too long ago and asked if they were planning any new plants anywhere, they stated they are still expanding their mississauga plant and they have plenty of room there for expansion. If they were to secure a major contract it would be sourced from their current plant initially. I think it is the only way to explain the 100 million in the revenue pipeline they have referred to. I don't think they get to 100 million with just grid storage and utility storage at this point. Based on what their current production capacity is and expansion I estimate (very roughly) that their manufacturing capacity will be over 100 million dollars worth of batteries per year. All of this represents a massive increase in business in a very short time, again I think the only way you justify this is with a major EV contract. This is all in my opinion but based on what has happened recently.