: Electrovaya to provide batteries to Chrysler for
TORONTO - Electrovaya Inc. (TSX:EFL) says it has signed a deal with Chrysler to provide lithium ion batteries for Town and Country minivans that will be used as demonstation models in the United States.
Financial terms of the agreement were not disclosed.
Electrovaya said it will supply batteries for 25 minivans that will be part of a demonstration feet of hybrid vehicles for display to municipalities, state governments, universities and energy companies.
Electrovaya designs, develops and manufactures lithium ion batteries and related products for electric transportation, consumer and healthcare industries.
Electrovaya Reports Q2 FY2016 Revenue up 650% over Q2 FY2015 Toronto, Ontario ? May 13, 2016 ? Electrovaya (TSX:EFL) today reports its Q2 financial results for the quarter ending March 31, 2016. All numbers are in US dollars. Financial Highlights: ? Revenues: Q2 FY2016 revenue is $4.3 million (Cdn $5.6m), a growth of 653% over Q2 FY2015 revenue of $0.6 million (Cdn $0.8m). ? Cash from Operating Activites: Q2 FY2016 generated $1.8 million cash (Cdn $2.3m) from operating activities compared to negative $0.9 million (Cdn $1.2m) for Q2 FY2015. ? Net Working Capital Increases: net working capital was $10.8 million (Cdn $14.0m) at March 31, 2016 compared to negative $3.9 million (Cdn $5.1m) for Q2 March 31, 2015. ? Cash Balance: March 31, 2016 cash balance was $4.3 million (Cdn $5.6m) as compared to $0.7 million (Cdn $0.9m) at March 31, 2015 and $3.3 million (Cdn $4.3m) at December 31, 2015. Business Highlights: ? Announcements: o the announcement of a $ 4.2 million (Cdn $5.4 million) contract for the supply of Lithium Ion Cells (40 Ah) for energy storage o Electrovaya has been showcasing its technologies at a number of industry events in Europe, North America and Asia. ? Product Development and Investment in R&D: The Company continues to invest heavily in new product development, innovative chemistries and solutions for key vertical markets. This intense product innovation is being built upon the fundamental technology breakthroughs in Canada and Germany, and leading to a number of new applications in electro-mobility and energy storage industries. Commenting on the results Electrovaya EVP and CFO, Richard Halka stated ?We are pleased with the Q2 results. We are carefully managing our cash and working capital positions while at the same time investing in Business Development and new product opportunities. We are building a scalable and sustainable growth model". Chairman and CEO, Dr. Sankar Das Gupta stated, "Electrovaya is committed to being at the forefront of the Energy Storage market with superior products and technologies. We have invested 42% of sales in R&D to tailor those products to specific verticals and markets, and we will continue to develop new and innovative solutions leveraging our position of leadership in cost, safety and cycle life?. Conference Call Details: The Company will hold a conference call on Monday May 16, 2016 at 8:00 a.m. Eastern Time (ET) to discuss the Q2, 2016 results for the period ended March 31, 2016 and to provide a business update. Conference ID: 13637632 US and Canada toll free: (877) 407-8291 International: + 1(201) 689-8345 To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call. For those unable to participate in the conference call, a replay will be available for two weeks beginning on May 16, 2016 through May 30, 2016. To access the replay, the U.S. dial-in number is (877) 660-6853 and the non-U.S. dial-in number is +1 (201) 612-7415. The replay conference ID is 13637632. Financial Summary: The Company?s complete Q2, 2016 Second Quarter Financial Statements and Management Discussion and Analysis are available at www.sedar.com or on the Company?s website at www.electrovaya.com. (1) Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We define adjusted EBITDA as gain from operations less stock based compensation expense, finance cost and amortization. We believe that certain investors and analysts use adjusted EBITDA to measure the performance of the business. FINANCIAL HIGHLIGHTS Three months ended March 31 (thousands of US dollars) Q2 2016 Q2 2015 $ change % change
Revenue 4,317 573 3,744 653% Adjusted EBITDA(1) (2,421) (1,112) (1,309) - Net Earnings (Loss) Attributable to Common Shareholders (3,099) (955) (2,144) -
Electrovaya launches its 1kWh battery module (LitaCore1000) and an intelligent 48V, 2.3 kWh module (EV4823) as building blocks for OEMs designing Lithium Ion Battery Systems Expands Electrovaya's product offerings; Launch orders received from multiple OEMs and product delivery starting Q2, CY 2016. Toronto, Ontario ? May 16th, 2016 ? Electrovaya Inc. (TSX: EFL) announces the launch of a 1kWh battery module (LITACORE1000) and an intelligent 48V, 2.3 kWh module (EV4823) as building blocks for Lithium Ion Battery Systems. The LITACORE1000 is a 1 kWh module with integrated voltage and temperature sensors in an easy to handle Aluminum case, with laser welded contacts and features the industry leading Litacell. This module design allows OEMs, an easy building block for constructing Lithium ion battery systems. LITACORE1000 The EV4823 is a 48V, 2.3 kWh module with an integrated intelligent battery management system (iBMSTM) complete with Canbus communications. This 48V, 2.3kWh module design allows OEMs to use these modules for myriad applications in energy storage and emobility sectors. These two products increase Electrovaya's product line from electrodes, separators and cells by now adding higher value added systems. OEMs can easily use these modules as building blocks to build complete battery systems for different applications. Electrovaya new product offerings is differentiated from competitors, through the use of Litacells, enabling higher cycle-life and higher safety, two critical factors for OEMs in Lithium Ion batteries. The new modules promise extraordinary cycle and calendar life, unique safety properties due to the unparalleled stability of SEPARIONTM, the flexible ceramic separator membrane, and highest quality standards. The integrated Litacells contains optimized NMC/graphite based electrode chemistry. "The 1kWh LITACORE1000 and 2.3 kWh EV4823 intelligent modules are now available to OEMs in Europe, North America and elsewhere, where the market demands highest safety and lowest holistic Lithium ion costs," says Dr. Rajshekar Das Gupta, Vice President Business Development, Electrovaya. "These products enable OEMs to seamlessly use them as building blocks for lithium ion battery systems for diverse Electric Vehicle and Energy Storage markets and usage will rapidly grow later this year, as these products are qualified by increasing numbers of OEMs," says Dr. Das Gupta.
80 Millionen Dollar Auftrag!!!!!!!! Der Adler startet wieder =)
Electrovaya signs a Multiyear Master Service Agreement with a Fortune 1000 company for the supply of Lithium Ion battery Modules The 3 year MSA is expected to generate revenues of up to $80 million Toronto, Ontario ? May 26th, 2016 ? Electrovaya Inc. (TSX: EFL) today announced that it signed a Multiyear Service Agreement (MSA) with a US based Fortune 1000 OEM to supply Lithium Ion Battery Modules, Battery Management Systems and related services. The Agreement is expected to generate revenues of up to $80 million over the next three years. The revenues from this Agreement starts in Q2 CY2016, growing through rest of CY2016 and accelerates in 2017. The first Purchase Order from this MSA has been received. This Fortune1000 Company is our first major customer for the LITACORE1000 module, announced recently. The LITACORE1000 module significantly increases the market size for Electrovaya?s product offerings as all major OEMs can now use the Electrovaya module as a building block for their specific Lithium Ion battery application. The LITACORE1000 modules, uses the LITACELL40, which delivers industry leading cycle life and safety. ?We are extremely pleased to receive this multi-year production contract in this fast growing sector from one the world?s leading OEMs,? said Dr. Rajshekar Das Gupta, VP, Business Development. ?Electrovaya received this contract after an intense qualification exercise, against Global majors?. For more information, please contact: North America: Electrovaya Inc. Telephone: 1.905.855.4618 Email: email@example.com or firstname.lastname@example.org Europe & Asia: Litarion GmbH: email: email@example.com About Electrovaya Inc. Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya, through its fully owned subsidiary, Litarion GmbH, also produces cells, electrodes and SEPARION® ceramic separators and has manufacturing capacity of about 500MWh/annum. Electrovaya is a technology focused company with extensive IP.
Der Auftragswert von 80 Millionen ist genauso gross wie der komplette Börsenwert des Unternehmens. Man kann wirklich von einem Durchbruch sprechen. Vorallem bezieht sich ja der Auftrag auf die neuen Batteriesysteme die vor kurzem erst vorgestellt wurden. Mich würde es nicht wundern wenn in den nächsten Monaten Folgeaufträge entstehen und womit wir noch so überrascht werden. Diese Aktie könnte ein ver10facher werden wer Weiss was die Zukunft noch so bringt. Ich bin froh günstig eingestiegen zu sein.
Zum einem hat Electrovaya bereits die ersten Module ausgeliefert und zum anderen hat Electrovaya die Deutsche Litarion GmbH als 2. Produktionsstätte. Als Unternehmer weiß ich doch im Vorfeld ob ich über genügend Kapazitäten verfüge. Einen Auftrag in dieser Größen Ordnung zu bewältigen. Ich sehe dem ganzen sehr positiv entgegen und lasse mich in den nächsten Monaten überraschen.
Was sind eure Kursvorstellungen in den nächsten Monaten ? Vermutlich nach diesem starken Anstieg eine kleine Korrektur (Gewinn mitnahmen) und im Anschluss neue Jahres Hochs ?