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The motive power market presently accounts for over $2.2 billion in annual lead-acid battery sales and is projected to grow to $2.8 billion by 2009. Motive applications include a wide variety of electric powered transportation systems for people and materials. The principal categories include railroads, buses, underground mining equipment, industrial equipment, warehouse systems and numerous consumer application including wheelchairs and golf carts. A rapid charge and power capacity, long cycling life and minimal maintenance are key performance requirements for these applications. The rapid charge capabilities combined with the long cycle life of our proprietary battery should make it highly desirable for a wide spectrum of motive applications. We believe our proposed products will offer a longer useful lives and significantly less maintenance than "flooded" lead-acid batteries.
Design Features of Axion's PbC® Technology
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Rapid Recharge
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PbC® batteries are well suited to motive power applications where the lengthy recharge time required for conventional lead-acid batteries significantly reduces utilization rates.
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Heavy-duty Design
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PbC® technology for motive power applications will be designed and built for maximum energy storage and very long useful lives.
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Minimal Maintenance
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Axion's PbC® battery is a sealed unit and requires virtually no maintenance resulting in low operating costs.
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Sustainability
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Our new PbC® battery can be recycled in existing lead acid battery recycling facilities. This allows the lead, plastic, and acid to be reused in new PbC® batteries.
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Manufacturability
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PbC® batteries have been designed to be manufactured in any of the dozens of existing lead acid battery facilities in the US as well as the hundreds of others world wide. This eliminates the need for hundreds of millions of dollars in capital to build new advanced battery facilities in the US that do not currently exist. Since existing equipment will be utilized new investments will not be required to manufacture our products.
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