Well the patent for the Infinity cell has value because I think it is the best battery cell now being produced. It has good energy density, Long, Long cycle life like no others and has a history of no fires.
Then take the new SSB cell with almost twice the energy density 400Wh/Kg, a cycle life acceptable for automotive use, Manufacturing cost about half of the current Infinity cell and acceptability for Marine & Aviation use.
A lot of the value is in the Electrovaya designed manufacturing process which will be able to make cells at less cost that the competition. I think a pilot process production line is being put together in Mississaugua today. This includes the cost to produce the new Cathode with enhanced energy density which Electrovaya designed and has a patent.
I think that Electrovaya is immensly undervalued and am waiting until the real value is realised.
JMHO