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John Petersen

 
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  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Let's just say I'm happy enough that I'll be formally presenting the data at the biggest electric & hybrid vehicle technology conference in North America.
    Aug 20 04:55 PM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    We ran the "Tour de Loop 275" last week with 55,000 pounds. – http://bit.ly/1nb5OzE–Indiana–Kentucky)

    We ran two full laps – 162.5 miles of painful ~500 ft grades as the loop dipped into and climbed out of the Ohio River Valley twice on each lap.

    Our peak amperage was in the 225 range up and down. Peak currents were ~120 kW discharge and ~170 kW regen, which isn't shabby for a 20 kWh battery pack.

    I don't plan to share the graphs till after the Battery Show.
    Aug 20 04:12 PM | 17 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    The nice thing about an underwritten public deal is that there is no limit on the number of investors and there usually isn't a required minimum investment. The underwriters may balk if a prospective investor wants to buy fewer than 500 or 1000 shares, but they don't expect everybody to write five or six digit checks. Unless you already belong to an investment club, you don't want to form a vehicle to participate in a public offering.
    Aug 20 02:41 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Let's just say that the energy storage landscape is like a big white canvas with a few blotches of color scattered here and there for proven applications of existing technologies. Turning white space into color will almost certainly be more profitable than scrapping with others over existing color.
    Aug 20 12:46 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Let's just agree that the time is right today, regardless of what happened in the past.
    Aug 20 09:50 AM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    In my experience deals are structured and road shows are conducted during the summer months, but they don't go to market till after Labor Day when the kids are back in school and everyone's back at work.

    Labor Day to Thanksgiving is prime time for offerings.
    Aug 20 09:20 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    It's important to remember that being too open during the technology development phase would have resulted in constantly changing numbers as new manufacturing processes were developed and improved.

    AFAIK the reason the PbC was never tested beyond 2,500 cycles was that the technology was changing fast enough that the test batteries were basically obsolete before cycle count got high enough to matter.
    Aug 20 09:17 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    I share your view on this issue Bob.

    When the team was actively developing new electrode fabrication processes, carbon sheeting technologies, and other manufacturing methods that were likely to have a major impact on product performance, there was more than ample reason to enforce a strict NDA policy, restrict access to technical specifications and require the return of prototypes.

    Now that all four corners of the manufacturing process *appear* to be nailed down and there's a reduced risk that the PbC produced next month will be significantly better than, or merely significantly different from, the PbC produced last month, I think it's time to publish comprehensive data and update the information as changes are implemented.

    The PbC is not a silver bullet for all applications, but it's a beast in high rate partial state of charge applications and the world needs to know that.
    Aug 20 07:52 AM | 12 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Killacycle was a primary PR tool for A123 Systems which supplied the batteries for his electric motorcycle. He was irritated when I noted flaws in A123's business model that made its stock grossly overvalued, incensed when I suggested that A123 was on a path to ruin and speechless when A123 went bankrupt for the reasons I cited in many articles. He's never forgiven me for observing that his favorite emperor was naked while everybody else was praising its finery. When all else fails, you try to kill the messenger.
    Aug 20 05:31 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    I spoke at the 2013 annual meeting of Nilar's biggest stockholder and then visited Nilar's factory outside Stockholm. They're a fine company and they're making good progress developing cost effective manufacturing processes for their bipolar NiMH battery, but they're a long way from being "a successful battery company."

    Axion won't be a high volume manufacturer until PowerCube sales take off or an OEM launches a new consumer product that's designed and built to take advantage of the PbC's strengths and accommodate its weaknesses.

    What manufacturers of commodity batteries do is irrelevant.
    Aug 19 09:26 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    That's the difference between doing a PIPE and taking a big haircut and doing an underwritten deal with a light trim. Companies do PIPEs when they're too weak for an underwritten deal. It doesn't work the other way around.

    No broker dealer in it's right mind will assume the reputation and other risks of an underwritten deal if it couldn't place the securities privately.
    Aug 19 08:09 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Many thanks Carlos. This show should be a lot of fun!
    Aug 19 08:05 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    I spent about 35 minutes on the phone with Aiden O'Leary this afternoon. Apparently my name kept coming up in their phone conversations with Axion shareholders. We had a great chat about my history with Axion and my current job at ePower. I found his enthusiasm more than a little refreshing and heard nothing that even vaguely hinted at potential problems.
    Aug 19 07:46 PM | 13 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    I was invited to speak at The Battery Show last year and declined because we couldn't come to an agreement on expense reimbursement. When Jay was invited to speak this year, they were very happy to have me appear as ePower's public face. While I was initially interested in arranging for an outside parking space for the tractor, the organizers worked very hard to get us affordable space in the Exhibition Hall because we make the biggest HEV in the world. They ended up offering us a 20x30 space near the conference dining area. Since the footprint for the day cab is 9-1/2 x 24, we had plenty of extra space for a battery exhibit and invited Axion to send a representative and display.

    On July 29th one of scheduled speakers for our panel cancelled because he was called for jury duty. When the conference organizers asked the speakers if we had any suggestions for a suitable replacement, Axion seemed like a perfect fit. When the slot was offered to Axion, they promptly accepted but it was unclear who they were going to send as a speaker. I'm very glad they picked Mike Romeo because he's an impressive young man who knows the PbC inside out and this will be a technically oriented audience.
    Aug 19 07:36 PM | 25 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Because Axion asked them to make the offering available to the retail base on the same terms as the institutions. It can be a very smart strategy for optimizing price negotiations. It can also be a great way for a firm like Maxim to build their prospecting pool.
    Aug 19 07:03 PM | 8 Likes Like |Link to Comment
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