Shindle and Bogan are referenced explaining the difference between PbC batteries and standard lead acid batteries. "The challenge with the traditional lead acid battery is that the battery never gets a chance to fully recharge and ends up operating in partial state of charge," began Shindle. "Lead acid batteries are made of a series of negatively and positively charged lead plates."
Speaking about PbC batteries, Bogan continues, "Instead of a negative lead plate, it uses an activated carbon plate which helps the battery better perform with a partial state of charge."
The plates used by Axion are the same size and shape as the ones used for standard lead acid manufacturing, making them compatible for equipment in existing production facilities. "It's a drop-in technology for anywhere in the world there is manufacturing for lead acid batteries," Bogan said.
Axion launched their first consumer-ready products earlier this year - the DIY Off-Grid Solar Light Kit and a residential energy storage system. Bogan is clear, however, that the company does not plan to enter into mass production of its batteries anytime soon.
"Being able to license our products, that's the direction we're going," he said. "We will become much more of a royalty streaming company. Selling the secret sauce, if you will."
Bogan traveled to China in May at the invitation of LCB International, Inc. to renew discussion about the joint effort to commercialize PbC technology in Greater China. Executives from the People's Republic of China visited Axion's Pennsylvania facility in July. Earlier this month, Shindle visited China where he assisted with testing protocol utilizing PbC batteries.
Shindle also traveled to Brussels in September, participating in a successful round of meetings with the Vrije Universiteit Brussel (Free University of Brussels), and their Battery Innovation Centre of MOBI Research Group, which has launched evaluation of Axion's PbC® batteries for automotive applications at the request of a major European technology supplier.
"As I said in my June 8 Letter to Shareholders, 'we have had a 'whirlwind of activity,'" Bogan recalls. "It's exciting to now see pieces coming together and the potential for major developments on the horizon."
About Axion Power International, Inc.
Axion Power is a technology leader in lead-carbon energy storage. Axion's patented lead carbon battery is the only advanced battery technology with an all carbon negative electrode. Axion's negative electrodes are designed to be directly substituted for lead acid negative electrodes producing the unique benefits of the Axion carbon technology. Axion Power's primary goal is to become the leading supplier of carbon electrode assemblies for lead-acid battery companies around the world. For more information, visit www.axionpower.com
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk for the Company to complete its development work, as well as the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, and other risks and uncertainties affecting the Company), as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.
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SOURCE Axion Power International, Inc.