With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
I hate to be the one to break it to you Bill but Ultra motors uses panasonic lithium batteries in all their Ebikes. We'll have to wait and see how that turns out, whether they stay with panasonic or switch to electrovaya or use two suppliers. On the bright side, as I said before they are still hiring and many of the jobs appear to be auto related. I believe they are done supplying the chrysler demo projects so there must be another auto related project in the works. I know there are still a few grid projects to be announced yet as well. My research also indicates something going on in Denmark. I am starting to see why they are so excited about the grid, I think they have more projects with Hydro One and Manitoba Hydro as well as utilities in many other countries. I estimate they have doubled their capacity and they are working two shifts I believe, so they are busy we just don't know what the specific projects are. I would think they have to make some announcements soon.