3265 0 Kommentare Electrovaya Announces Structured Insolvency Proceedings at Litarion GmbH - Seite 3

Material assumptions used to develop forward-looking information in this news release include that current customers will continue to make and increase orders for the Company's products, that the Company's alternate supply chain will be adequate to replace material supply and manufacturing, and that the insolvency process will proceed in an orderly fashion that will satisfy Litarion's debt without a significant negative effect on the Company or its assets. Important factors that could cause actual results to differ materially from expectations include but are not limited to: actions taken by creditors and remedies granted by German courts in the insolvency proceedings and their effect on the Company's business and assets, general business and economic conditions (including but not limited to currency rates and creditworthiness of customers), negative reactions of the Company's existing customers to the insolvency filing, Company liquidity and capital resources, including the availability of additional capital resources to fund its activities, the level of competition for the Company's products, changes in laws and regulations, legal and regulatory proceedings, the ability to adapt products and services to changes in the market, the ability to attract and retain key executives and employees, and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's most recent annual information form under the heading "Risk Factors", and in the Company's annual and interim Management's Discussion and Analysis under "Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.