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EFL took over Litarion because the plant could not function in the regulatory environment in Germany. Mercedes can build their own factory next door but they have to use non-toxic manufacturing production processes (NMP-free process) which is not as not as energy-intensive and reduces production costs.
BINGO!
Also I also did not know this:
On May 26, 2016, the company announced an MSA with “industrial OEM, NYSE Fortune 1000”, for estimated revenues of C$105M over 3 years: The first customer is a large Industrial company listed on NYSE. This company thoroughly tested the batteries, spoke with the company’s subcontractors and toured the company’s operations. Following that, it signed a MSA for $105M over 3 years with the company. The company announced a starter purchase agreement from this customer on July 27, 2016.
On June 15, 2016, the company signed an MoU with a residential storage OEM to supply 48V modules, estimates revenues over 3 years of C$280M: Apparently, this customer was in advanced talks with a large lithium-ion battery manufacturer but decided to sign this MOU with the company. The company estimates that a $280M order implies batteries for 65,000 homes over 3 years.
The 2nd point is probably this company! http://www.pv-magazine.com/news/details/beitrag/manz-ag-reports-dip-in-revenue-for-h1-caused-by-unexpected-order-cancellation_100025746/#axzz4IR5lUVEH