Electrosource (ELSI) - maker of batteries for EV Message Board

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Non-Tech : Electrosource (ELSI) - maker of batteries for EV

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To: Sandra who wrote (70)	4/16/1998 3:10:00 PM
From: Gary Mohilner	Read Replies (1) of 132

I'm encouraged by the news. I spoke with my broker who didn't know who they were negotiating with, but, in that they are ordering batteries it doesn't appear to be Corning. I think that with all they've invested in the past, they too would not let the company lose its manufacturing capabilities without either helping or attempting a take over of the company. With fuel cells becoming the favorite in how vehicles in the next century will be powered, I think we're well positioned as I think those vehicles will have banks of batteries to provide for high load situations on the fuel cells. I believe our batteries are ideal for that application. In the mean time, we should be seeing FAA approval sometime soon and that should open up all kinds of uses on aircraft. It shouldn't be too long before we see portable power tools like lawn mowers featuring our batteries. In short, I'm optimistic about the product and think the company is taking the needed actions to allow the product to be accepted by the marketplace. Talk to you later, Gary

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