BRIEF-Electrovaya signs supply agreement with a global OEM

Wed Oct 19, 2016 7:36am EDT
 
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Oct 19 (Reuters) - Electrovaya Inc -

* Electrovaya signs supply agreement and a strategic supplier agreement with a global OEM for residential energy storage applications

* Electrovaya Inc will supply 48V LITASTORE battery modules to global OEM if, as and when global OEM delivers purchase orders under agreements

* If max volume anticipated in volume pricing schedule is achieved,would result in EUR199 million being potential value of deal over 3-year period Source text for Eikon: Further company coverage: