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I have dealt with Electrovaya directly in purchasing their products in the Healthcare environment. Their Quality control was abysmal on new product delivery (50%+ failure), months of stringing things along, and not resolving issues. Without a significant change in production interface with electronics capabilities, quality control, and production delivery alternatives, I an invester would carry significant risk. My interactions with them were in the summer and early fall of 2007.

Hope this helps, though super late to your posting.
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