Dec.23/2009 MD&A, The company states as one of their objectives for growth "Continue to license our technology in other jurisdictions where battery manufacturing costs are more favorable, or where it is essential that we are close to key markets." In 2012 Electrovaya signs a licensing agreement with Tata for $2.9 million, I would think that if everything is what Sankar claims it to be we would have more then one licensee in 6 years.