This past year Electrovaya sold $36mm thru one OEM Partner. To me that is 85% of the sales thru one customer. This OEM traditionally has a slow first (Fiscal) quarter. Electrovaya now needs to diversify its customer base. A small truck and a small Bus order would be a huge step in this direction as order size should grow in volume as production ramps up for these products.
Right now Electrovaya is growing stronger each day, week and month. This next year is going to be a bang up year for ELVF even in this economy.