BRIEF-Electrovaya signs LOI for residential energy storage battery modules

Wed Jun 15, 2016 10:55am EDT
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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 Source text for Eikon: Further company coverage: