It sure looks like they are making plans to move forward and plan to have a global presence. Another new hire, Vice president of global sales and service. https://www.linkedin.com/pub/andy-ganapathy/1/808/a30 Previously worked at Exide, remember the last couple of presentations they included the Exide symbol in their presentation, wondering what the connection is with Exide. http://agoracom.com/ir/Electrovaya/forums/discussion/topics/629970-slide-from-nov-5th/messages/1976246#message So with their new hire in Germany https://www.linkedin.com/profile/view?id=108654031&authType=OUT_OF_NETWORK&authToken=zLbH&locale=en_US&srchid=3761503151423515783761&srchindex=21&srchtotal=35&trk=vsrp_people_res_photo_headless&trkInfo=VSRPsearchId%3A3761503151423515783761%2CVSRPtargetId%3A108654031%2CVSRPcmpt%3Aprimary and new supply chain manager joining the management team it would appear they are making plans to move forward. http://www.electrovaya.com/company/investors/Management.aspx