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( "Enertech"), a Korean based manufacturer of lithium-ion batteries, for $600,000 cash, 5,000,000 shares of Ener1 common stock and warrants to purchase up to 2,560,000 shares of Ener1 common stock at an exercise price of $7.50 per share.
GuruFocus Updates - 2010
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Enertech, a small company with 10 employees just north of Wichita, Kan., for example, got a tax credit of $157,500 to expand its plant to make small turbines.
The Seattle Times 2010
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Enertech, through its United States-based subsidiary, Emerging Power, leases 11,000 square feet of office, battery pack assembly and warehousing space in Hackensack, New Jersey.
GuruFocus Updates - 2010
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Interest expense: Interest expense represents a combination of both cash and non-cash interest related to Enertech s bank borrowings and convertible bonds and our capital lease obligations, deferred financing costs and debt issuance costs.
GuruFocus Updates - 2010
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On January 6, 2009, we purchased an additional ownership interest in Enertech by issuing 385,936 shares of Ener1 common stock valuated at approximately $2.6 million increasing our ownership, on a fully diluted basis, to
GuruFocus Updates - 2010
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Enertech undertakes product performance testing in the areas of gas and electrical appliances, and complements SAI's existing product certification operations.
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Enertech undertakes product performance testing in the areas of gas and electrical appliances, and complements SAI's existing product certification operations.
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The acquisition expands our production capabilities with Enertech s 200,000 square foot lithium-ion battery manufacturing plant and production equipment located in South Korea.
GuruFocus Updates - 2010
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Enertech undertakes product performance testing in the areas of gas and electrical appliances, and complements SAI's existing product certification operations.
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Enertech s sales of $7,907,000 and cost of sales of $6,803,000 resulted in a gross profit of $1,104,000 or 14%.
GuruFocus Updates - 2010
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