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Message: Leclanche

Leclanche has recently announced that it was in financial trouble earlier this year https://www.energy-storage.news/news/leclanche-shrugs-off-insolvency-blip-targets-us-stock-listing-and-software .  They have now raised more capital and are moving ahead with their projects.   http://www.leclanche.com/fileadmin/user_upload/20170726_leclanche_agm__pr.pdf    I believe Leclanche was the company they struck the 18.5 million euro deal in Sept. 2015  for battery components. I think they ran into financial trouble and asked for a deferral on the deliveries as referenced in the business update on Nov. 08 2016 (8th paragraph).  http://www.marketwatch.com/story/electrovaya-provides-business-update-2016-11-08-171604753   One of Electrovaya's presentations stated that the deal for 18.5 euro's was for electrodes which is what Leclanche is buying from Electrovaya. Slide 24 shows the deal was for electrodes.  http://electrovaya.com/pdf/marketing/Electrovaya_presentation.pdf    So Leclanche should be catching up with their contract for electrodes now that they are cashed up. Since that deal was announced they have also added many other contracts of which many should involve Electrovaya's electrodes. JMO.

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