“Fiscal 2009 marked a turning point for Electrovaya,” said chief executive Sankar Das Gupta in a statement. “Over the course of the past year we have increased our presence in the global market for lithium ion batteries used for electrification of vehicles and for smart grid applications.” He emphasized that Electrovaya, for the first time, showed a profit in its most recent quarter 0f $549,000, what Das Gupta hailed as a “significant achievement.”
via The Energy Collective | Electrovaya could be poised for breakout year.
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