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John Petersen  

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  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Our discussions with serious potential investors include references. Message board conversations with financial voyeurs do not. We respect our references too much to go bandying their names about in a public forum. Even asking the question is a clear sign of bad faith.
    Apr 1, 2015. 06:34 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Is English a second language for you?

    I had nothing to do with Mega-C.

    Tamboril Cigar Company was already a public shell when I acquired a controlling interest.

    Tamboril Cigar Company changed its name to Axion Power International in connection with the reverse merger.

    I resigned from Axion's board in 2007 and did my last work as Axion's legal counsel in 2008. That work was, incidentally, Axion's last good financing transaction.

    I accepted a post as ePower's Executive VP in October 2013.

    If you want to criticize you should try to be honest and respect chronology.
    Mar 31, 2015. 04:52 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Mr. I> The Schedule 13D calculations are based on the last share count reported to the SEC. For now the 23.3 million shares reported on March 25 governs. When the 10-K is filed, the share count reported on the first page will govern.
    Mar 31, 2015. 12:49 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Within 10 days after any person or group acting in concert acquires more than 5% ownership in a public company, it must file a Schedule 13D or 13G with the SEC to report total beneficial ownership and the source of the funds used to make the acquisition.
    Mar 31, 2015. 11:39 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Schedule 13D or 13G must be filed within 10 days after a holder or group acting in concert acquires 5% beneficial ownership of a public company.
    Mar 31, 2015. 11:26 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    I had nothing to do with Mega-C Power which was shut down by the Ontario Securities Commission in early 2003.

    Axion was formed in September 2003 by a group of disgruntled Mega-C holders who believed the technology was worth salvaging from the wreckage of a fraudulent stock promotion.

    In December 2003 I negotiated and closed a reverse merger between Axion and a public shell named Tamboril Cigar Company that I bought from three Dallas-based hedge funds in January 2003.
    Mar 31, 2015. 10:20 AM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    As a customer, our primary concern is collecting enough data on the PbC's performance in our drivetrain to convince our potential customers that batteries will not be a huge maintenance issue like they have been in other hybrids. We'll be happy to integrate and use an improved PbC product if, as and when Axion decides to offer one for sale, but for now our primary concern is proof of long-term reliability in a very demanding application.
    Mar 30, 2015. 09:29 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Bazoooka> I'm an officer of ePower and will always support the best choice for our stockholders.
    Mar 29, 2015. 06:14 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    FWIW, Axion did not provide any detail on the differences between the first set of batteries and the second. All I can say from personal knowledge is that the second set performs better.
    Mar 29, 2015. 03:39 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    blaushcuh> For now, data on how our drivetrain will perform in flatter terrain is irrelevant to ePower. We're a small company and we're working hard to ensure that our initial demonstration activities are conducted within an "economic problem response radius" from Cincinnati.

    For now, we're actively avoiding any relationships that will send a tractor more than 250 to 300 miles from our shop in Florence. If somebody called tomorrow from California or Texas and wanted to buy a couple tractors, we'd almost certainly refuse the sale because we don't have bodies to respond to problems in those regions.

    Our business model is designed to rapidly expand the universe of mechanics who are trained to install, maintain and repair our drivetrain, but until the real world service capacity increases, information about what our performance might be in a region we can't service isn't even interesting.
    Mar 28, 2015. 06:52 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Edmund> in my presentation for the battery show I laid topographic records of our route and the Cummins route side by side. Ours was characterized by infrequent big swings of several hundred feet while theirs had more frequent swings of 25 to 75 feet.

    As you'll recall, 1 kWh is 2.65 million foot pounds, so it takes 1 kWh to lift a 65,000 pound vehicle 41 feet. Due to the shape of the PbCs voltage curve, we start climbs strong but gradually lose power if the elevation gain is more than 200 to 300 feet on a single climb. When that happens, we have to rely on the transmission instead of the batteries.

    It's just a sense till we have a chance to accumulate hard data, but I expect our fuel economy to be much better on "flatter" routes that really aren't anywhere near as flat as the seem.
    Mar 28, 2015. 01:20 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    We don't disagree on the right amount of data to release.

    You're criticizing a lack of recent data and I'm telling you why there hasn't been any.

    The next important round of data will be generated in the FedEx Ground trials. Until those happen there simply isn't much to talk about.
    Mar 28, 2015. 10:06 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    Tesla has never sold a product outside the eco-bling crowd and the chances it will ever do so are remote. My assessment of Tesla's future remains unchanged.

    My bullishness on Axion has always stemmed from my knowledge of the PbC battery technology, which has proven to be far more useful and robust than any of us thought possible in 2004. Axion's technology is all I hoped it would be while it's history of catastrophically inept financing activities is worse than I ever imagined.

    The only problem Axion faces is a broken stock, and that's something I can't influence or control.
    Mar 28, 2015. 09:46 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    There is no careful curation of data or a concerted effort to maximize positive spin. When relevant and useful data is generated, we release it. When we're working on system upgrades that don't create new data, there's nothing to release.

    Laying the foundation for the FedEx Ground trials has been a massively time consuming exercise in regulatory and corporate red tape. We've used the down time to partially integrate the Eaton UltraShift and upgrade a key component we viewed as a significant weakness. The current integration isn't as good as we want it to be, but it impressed the hell out of Eaton at MATS.

    With any luck, our go forward relationship with Eaton will mirror the path we took with Cummins.
    Mar 28, 2015. 09:16 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 393: Mar. 26, 2015 [View instapost]
    We 'think' our drivetrain will perform even better on flatter terrain because it captures potential energy from every ridge, gully and overpass, but we won't 'know' for sure until we gain more experience. The nice thing about being a work in process is that we don't need to have all the answers yet as long as we're willing to admit what we don't know.

    If we had the money and time to waste on showmanship we'd run one of the tractors down to Texas and duplicate the big boys demonstrations. Since we don't have the money or the time to waste, we'll focus on real world hauling with FedEx Ground close to home and range farther afield as we mature.
    Mar 28, 2015. 08:47 AM | 7 Likes Like |Link to Comment
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