Welcome to the Electrovaya Hub on AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: Re: Good news and bad news

Dec 30, 2014 09:29PM

Just maybe. The licensee that is getting up the 10% stock is Dongfeng. Then I would expect that Electrovaya is building the 250 battery packs for the demonstrators. They were due for completion by Dongfeng today. It appears they were late in getting the order confirmed by Electrovaya and production started late so now is carrying over into January. That would make a miss on the $15m revenue. I would think the factory would be stretched out tryng to get the order out. It would also stretch out the payment.

It is impossible to get any info out of the factory as each employee has signed a confidentiality agreement as a condition of empolyment. (Found that in the Sedar filings)

Then if the German plant is slower in closing/transfering a further delay in opening up the bottle neck is occuring. Opening up of the production bottle neck and ramp up should see the revenue by when? I will guess July 2015...

The bottle neck could be that production in Germany has been transfered to Canada while the plant is being decontaminated and new process equipment is being instlled. The problem is Electrovaya tells you nothing!! Nothing!!

Share
New Message
Please login to post a reply