Brief: Electrovaya signs LOI for residential energy storage battery modules

Electrovaya

15/06/2016 15:51

June 15 (Reuters) - Electrovaya Inc: 
    * Signed a letter of intent with a global original equipment 
manufacturer for delivery of battery modules for residential 
energy storage 
    * High volume deliveries are scheduled to start in early Q1 
CY2017 with smaller quantities with delivery in CY2016 
    * Demand for co's battery modules by OEM, estimated to be up 
to Euro 199 million over a period of 3 years 
 
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