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  • Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million 343 comments
    May 12, 2013 8:15 PM | about stocks: AXPW

    Latest News, Articles and Presentations...

    Axion Power Completes Private Placement for $9 Million in Senior Convertible Notes With Warrants and $1 Million in Subordinated Unsecured Notes With Warrants --

    the developer of advanced lead-carbon PbC® batteries and energy storage systems, announced today that it has completed a private placement of $9 million principal amount of senior convertible notes and warrants with institutional investors and an additional $1 millionprincipal amount of subordinated unsecured convertible notes and warrants in an ancillary transaction with directors, officers and one of the original Axion founders. Maxim Group LLC acted as placement agent.

    On the senior convertible notes of $9 million, Axion at closing received approximately $2.6 million in proceeds, net of placement fees and expenses, and will receive nine subsequent monthly tranches. The notes carry an 8% interest rate and have a nine-month amortization schedule with interest beginning at closing and can be paid, at the Company's option, in cash or in discounted registered shares. In addition, the investors are entitled to convert the note, or any portion of the note, into shares, utilizing the 105% 'premium to market' price determined at closing ($.26.4). The investors are also entitled to approximately 50% warrant coverage in 5-year warrants, at a 120% 'premium to market' price ($.30.2), that will not be exercisable for six months after the closing. Any funds received from warrant conversion to common stock would be incremental to the offering.


    Axion Power on Panel at Energy Storage Economics 2.0 for New YOrk City and Beyond --

    The developer of advanced lead-carbon PbC® batteries and energy storage systems, announced its Senior Vice President of Sales and Marketing, Vani Dantam, has been invited to participate as a panel expert on energy storage, at the upcoming AGRION event in NYC.


    Axion Power's CEO Discusses Q4 2012 Results - Earnings Call Transcript

    Thomas Granville CEO: "We left the designation 'development stage company' in the dust in 2012 and there's no slowdown in sight."


    Axion Power Reports Results for 2012 --

    Chairman & CEO Thomas Granville commented, "Axion continued to make important strides in the fourth quarter, making 2012 a landmark year overall. Obviously our best year ever will be the first year when PbC revenue starts to show significant growth but it was a good step in that direction that we were able to recognize the first big PbC sale in the 4th quarter, to Norfolk Southern. This coincides with our first 10K filing without "development stage company" status. With our increase in sales, and more specifically sales of our core business product, we are now recognized as a commercial entity for filing purposes.


    Axion Power Completes New Continuous Roll Carbon Sheeting Process

    "This is a giant leap forward for us and allows us to make a better product at a reduced cost," said Axion Power's Chairman and Chief Executive Officer Thomas Granville. "It's the final step in automating our complete activated carbon negative electrode manufacturing process and it brings us tighter quality control, better production yields, meaningful production quantities and significant labor cost reductions..."

    -------------------------------------------------------------------------------Axion Power and EPower Engine Systems Inaugurate Strategic Alliance Using PbC Batteries in Hybrid Drivetrains for Class 8 Trucks


    Dr. Ed Buiel, Axion's CTO until the end of 2010 -- A link to an archive of his comments on yadoodle about the PbC battery and much more. Invaluable commentary! Thanks to 481086 for putting the list together.

    Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications -- Axion completed shipping its high-performance PbC batteries to Norfolk Southern Corp. (NS), one of North America's leading transportation providers, for use in Norfolk Southern's first all electric locomotive - the NS-999.

    Axion Power Residential Energy Storage HUB Certified to UL, CSA Standards -- Axion receives UL certification and CSA Standards for their Residential Energy Storage HUB.

    "ePower's Series Hybrid Electric Drive - Unmatched Fuel Economy for Heavy Trucks" -- by John Petersen. Discusses the potential fuel savings for ePower's Hybrid electric drive for class 8 trucks using Axion's PbC batteries.

    "Axion Power - A Battery Manufacturer Charging Forward" -- by John Petersen. This is an excellent summation on Axion Power's history. It is a good starting point for introducing Axion Power to friends and family.

    Axion Power Weighted Moving Average Prices and Volume:

    (updated through 5/10/2013)

    (click to enlarge)

    (click to enlarge)


    Axion Power Monthly Volume versus FINRA Short Percentage:

    (by John Petersen)

    In late January I wrote an Instablog about the precipitous decline in reported FINRA short sales as a percentage of total trading volume. Over the last two weeks that trend has accelerated and the percentages for the month of February and the last four weeks are solidly in single digits. I view this graph as another confirmation of seller exhaustion. The big uglies are history and it looks like everybody who really wanted to sell already has.

    John Petersen's instablog here.

    (click to enlarge)


    Links to important Axion Power research and websites:

    The Axion Power Concentrator Web Sites, created by APC commentator Bangwhiz. It is a complete easy-to-use online archive of all the information contained in the entire Axion Power Concentrator series from day one, including reports, articles, comments and posted links.

    Axion Power Wikispaces Web Site, created by APC commentator WDD. It is an excellent ongoing notebook aggregation of Axion Power facts.

    Axion Power Website. The first place any prospective investor should go and thoroughly explore with all SEC filings and investor presentations as well as past and present Press Releases.

    Axion Power Intra day Statistics Tracking: (updated 5/1/2013) HTL tracks and charts AXPW's intra-day statistics.

    PbC Cost Estimating Spreadsheet and Instablog: Apmarshall62 put together an instablog for estimating costs of the PbC. It includes a downloadable spreadsheet that you can use to plug in your own cost estimations.
    Be sure and either follow the Axion Power Host ID on Seeking Alpha or click the check-box labeled "track new comments on this article" just ahead of the comments section!
    WARNING: This is a troll free zone. We reserve the right to eliminate posts, or posters that are disruptive.


    Disclosure: I am long OTCQB:AXPW.

Back To Axion Power Host's Instablog HomePage »

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Comments (343)
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  • #1
    12 May 2013, 08:20 PM Reply Like
  • Dos!!!
    12 May 2013, 08:22 PM Reply Like
  • "I fear Axion has dropped the automotive focus. Very sad."


    >EBuiel... I too would be interested to hear anything further on your above comment. If true, it would certainly shake up a lot of thinking on these APCs. --- Would also be an excellent topic to pose at the next cc.
    12 May 2013, 08:59 PM Reply Like
  • If true, the structured financing would be a disaster. I can't imagine why management would do that kind of financing if they knew a big, unexpected disappointment on the way.
    Anyway, we'll find out pretty soon.
    13 May 2013, 02:53 AM Reply Like
  • cuatro
    12 May 2013, 09:06 PM Reply Like
  • What "focus" on automotive means is not entirely clear to me, but I can hope Axion has decided to not participate further with DOE in the agency's SBIR program.
    12 May 2013, 10:58 PM Reply Like
  • D-inv -


    Why? The next round will give them access to approximately $1M and the third round potentially much larger. At this point, Axion can't afford to turn down any money.
    12 May 2013, 11:01 PM Reply Like
  • Stef M ... I regard the SBIR phase I award of $150K as a cross between come on and deliberate delay of S/S implementation in this country until 2016 or later. That "access to approximately $1M" is almost certain to entail costly strings and increased exposure to administrative bludgeons wielded from Washington.
    12 May 2013, 11:29 PM Reply Like
  • This is THURSDAY'S, not Friday's.


    05/09/2013: EOD stuff partially copied from instablog (up later).
    # Trds: 75, MinTrSz: 160, MaxTrSz: 29400, Vol 304708, AvTrSz: 4063
    Min. Pr: 0.2451, Max Pr: 0.2592, VW Avg. Tr. Pr: 0.2492
    # Buys, Shares: 43 174978, VW Avg Buy Pr: 0.2503
    # Sells, Shares: 31 129380, VW Avg Sell Pr: 0.2477
    # Unkn, Shares: 1 350, VW Avg Unk. Pr: 0.2540
    Buy:Sell 1.35:1 (57.4% “buys”), DlyShts 68700 (22.55%), Dly Sht % of 'sells' 53.10%


    The first “bad sign” I want to note is the deterioration in average trade size: 7978, 5559, 5199, 4313 and 4063 – we are in the lower portion what I believe to be retail. This combined with the deterioration in VWAPs, $0.2563, $0.2609, $0.2588, $0.2513 and $0.2492 doesn't bode well going forward, near-term. Add in the continued higher levels of daily short sales – a significant increase from what we had been seeing – and I'm fairly pessimistic. A note about those short sales ...


    As mentioned recently, they seem to be associated with the appearance of some market-makers that had not been that active for some long time in the recent past. Our first spikes were 4/24 and 4/25 (0.4147% and 0.3185%), but don't seem related to a change in my observed market-maker composition – the “usual suspects” were doing the usual things. We then dropped back into recently-normal ranges. From 5/3 forward, we had a more frequent elevated levels: 41.42%, 05.17%, 04.17%, 47.22% and 22.55%. On that date we saw the 100K offers to sell come in (UBSS and later CDEL?) and two additional changes: some normally “quiet” market-makers that just sat on an ask, for the most part, began getting more aggressive at trying to be the best offer on the sell side; we saw some market-makers normally not seen recently enter the fray – some on both sides of the trade (suggesting increased short sales were more likely?). The changed behavior, more aggressive on the offer side, included such as CSTI, TEJS, UBSS (they had also been aggressive a couple times in past months), ... The “new entrants” included LAMP (mostly aggressive on the bid side), AABA and ARCA (both active exclusively on the offer?), ASCM and VFIN (seen infrequently before this). I feel that the new market-makers account for most of the short sales increase as we didn't see much variation often before they entered. I think they are handling shares for brokers that don't have their own market-maker, which would require short flags if the shares were held at the broker at the time the market-maker made the sale. Some additional volume may be from the market-makers that became more aggressive. We don't know, because of lack of aggressive activity in the past, if their sells would have resulted in short flags.


    A concerning thing at the moment is the change in the “Dly Sht % of 'sells'” metric, which had been at very low levels since ... last August? Today the sequence looks like this – note the averages:
    Aug Avg: 113.91%, min: 0.00%, max: 899.39%
    Sep Avg: 56.67%, min: 3.01%, max: 252.39%
    Oct Avg: 85.05%, min: 11.45%, max: 565.73%
    Nov Avg: 51.96%, min: 3.53%, max: 259.67%
    Dec Avg: 38.72%, min: 1.54%, max: 258.33%


    ============ 2013 ===============
    Jan Avg: 44.20%, min: 0.00%, max: 262.58%
    Feb Avg: 20.90%, min: 2.88%, max: 55.65%
    Mar Avg: 15.42%, min: 0.00%, max: 100.79%
    Apr Avg: 40.63%, min: 0.00%, max: 690.95%


    The progression of the average through the first part of May might be concerning.
    May Avg: 17.33%, min: 17.33%, max: 17.33%
    May Avg: 15.45%, min: 13.58%, max: 17.33%
    May Avg: 60.47%, min: 13.58%, max: 150.50%
    May Avg: 47.84%, min: 9.96%, max: 150.50%
    May Avg: 40.10%, min: 9.15%, max: 150.50%
    May Avg: 52.53%, min: 9.15%, max: 150.50%
    May Avg: 52.97%, min: 9.15%, max: 150.50%


    Note that May is quite a bit higher than the recent trend. I don't expect returns to the ranges when we had the certificated holders selling, nor when we had the “big uglies”, but I do think it's reflecting increased bearish sentiment in a cadre of holders that had not be actively selling over the last many months.


    Offsetting that apparent bearish behavior, so far, is the buy percentage behavior: 37.8%, 24.8%, 72.5%, 4.81%, 54.4%, 58.4% and 57.4%. This has resulted in improvements in the three shorter-term periods in my original experimental inflection point calculations, with the 5-day moving above zero. However, even the recent volume spikes haven't been sufficient to strongly positively affect the longer-term calculations, but for the 100-day. So they are not shaping up, yet, to signal any price improvement.


    My newer version, sensitive to additional factors, is similar in the three shorter-term periods, but does show improvement in two of the three longer-term calculations. They don't signal a move up, but suggest that the price deterioration rate is weakening.


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    13 May 2013, 06:39 AM Reply Like
  • This is Friday's post.


    05/10/2013: EOD stuff partially copied from instablog (up in ~1 hour).
    # Trds: 76, MinTrSz: 200, MaxTrSz: 12500, Vol 270484, AvTrSz: 3559
    Min. Pr: 0.2401, Max Pr: 0.2500, VW Avg. Tr. Pr: 0.2466
    # Buys, Shares: 32 101250, VW Avg Buy Pr: 0.2480
    # Sells, Shares: 43 168834, VW Avg Sell Pr: 0.2457
    # Unkn, Shares: 1 400, VW Avg Unk. Pr: 0.2480
    Buy:Sell 1:1.67 (37.4% “buys”), DlyShts 66455 (24.57%), Dly Sht % of 'sells' 39.36%


    Today continued to show activity by market-makers relatively new to us, as noted yesterday. The most aggressive on the offer side were ARCA and CSTI, with ATDF surrendering it's “We're # 1” position. ATDF did occasionally get in front, along with PERT and CDEL, but they were pikers compared to those first two. As might be expected, based on our recent observations of their effect on daily short sales, the short percentage continued to be elevated compared to recent norms.


    This apparently also affects average trade size – it's at a level I consider to be in the bottom area of retail size. The effect filters through to the share price as we continue a slow slide downward even with buy percentage being around normal ranges, as seen in the 10, 25, 50 and 100-day averages: 49%, 39%, 36% and 41% respectively. VWAP is pretty much following average trade size: $0.2609, $0.2588, $0.2513, $0.2492 and $0.2466.


    I am heartened that, apparently, buyers are seeing a good risk/reward here – I expected a bit faster slide downward with these new market-makers entering the fray. I will be looking for a volume spike on a down move as another potential reversal point, but I really don't expect it before the quarterly report. I suspect that VWAP is holding up as well as it has because of the possibility of good news in that event, although I've become more jaded on my outlook on those Axion events. If I don't hear presentations typical of “commercial enterprises”, I'll be quite negative.


    My original experimental inflection point calculations gave back some of the gains on four of the six periods. My newer version also weakened – 5 periods weakened.


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    13 May 2013, 08:04 AM Reply Like
  • MILWAUKEE, WI -- (Marketwired) -- 05/13/13 -- ZBB Energy Corporation (NYSE MKT: ZBB), the leading developer of intelligent, renewable energy power platforms and hybrid vehicle control systems, today announced the successful commissioning of a "first-in-world" multi generation source ZBB EnerSystem that provides uninterrupted power to DC voltage lighting loads, rack power to servers and other miscellaneous loads at (VISA's flagship) data center.
    The commissioning was completed in collaboration with Universal Electric Corporation's Starline DC Solutions group. Universal, an industry innovator for more than 85 years, is a leader in customizable AC and DC power distribution solutions. Their Starline DC solutions group provides direct current power delivery systems designed for mission critical sites. Starlines' 380v DC computer infrastructure yields a 200% increase in reliability, a capital expenditure reduction of up to 35%, floor space reduction of up to 33%, and a decrease in operating expenses of up to 35%, including up to 15% energy savings as compared to conventional AC powering solutions.
    The system includes the ZBB EnerStore flow battery and ZBB EnerSection power and control center with photovoltaic (PV), wind inputs and on-demand grid power in conjunction with a fixed 380v DC output for continuous power to the served 380v DC loads. The installation will demonstrate the numerous economic, operational, strategic and environmental value streams accomplished by prioritizing and optimizing renewables in unison with and without the grid at data center locations.
    Chip-to-Grid design begins with evaluation of power requirements of the chips, which are the building blocks of every server in a data center. Inherently this starts with the need for direct current. To meet this need, the power supply industry has now standardized on approximately 380v DC. The data center, which was historically considered a relatively stable load for the utility, is now shifting to a variable power requirement that follows the amount of work being done.
    "The integration of ZBB's products is the key to helping us deliver the world's first Chip2Grid DC solution tied to EMerge DC Building Solutions," said Tim Martinson, Director of Universal Electric Corporation, Starline DC Solutions.
    Designed to meet what has now become the global standard of 380v DC, Universal Electric Corp. selected the ZBB EnerSystem as the preferred solution for an energy lab dedicated to integrate renewables, storage and the grid for mission critical sites. For this lab trial located at a VISA site, PV, wind and the utility will be used to power IT loads and other EMerge Solutions. Most renewable energy sources start as a DC voltage source and when connected directly to energy storage units, make for a highly efficient, firm, dispatchable and continuous power source.
    "The convergence of industry standard 380v DC distribution and the ZBB Enersystem platform represents the future of distributed power integration for critical systems. We believe this is the most eloquent way to have seamless management of renewable energy, grid power and energy storage. The same operating philosophy stretches across data center, hospital and cable TV infrastructure markets," said Eric Apfelbach, ZBB Energy President and CEO.
    About Universal Electric Corp
    Universal Electric Corp. of Canonsburg, PA (UEC, Pittsburgh) has created the new division to provide a complete, turn-key system for safe and reliable use of 380v DC in data center applications. Universal Electric Corp., the leader in customizable AC and DC power distribution solutions, has been an industry innovator for more than 85 years. STARLINE DC Solutions is part of a natural progression to revolutionize electrical power distribution in data centers, industrial manufacturing facilities, retail chains and grocery stores worldwide. For more information, visit:;/emAbout ZBB Energy Corporation
    13 May 2013, 08:50 AM Reply Like
  • 380v DC could be a great market to be involved in.


    Just in time for their conference call tonight



    which starts a mere 30 minutes after release of earnings at the close, so not much time to react.


    My guess, earnings will be (possibly very) disappointing, but they'll spin for all they're worth ... and they've got some bullets ... been busy in May:


    May 13, 2013
    ZBB Commissions Installation to Provide Uninterrupted Power to DC Loads at (VISA) Data Processing Center


    May 09, 2013
    ZBB Energy Receives Follow-On Orders for ZBB EnerSystem(TM) From Lotte Chemical


    May 07, 2013
    ZBB Energy Corporation Ships ZBB EnerSystem(TM) to Moscow-Based BPC Engineering


    May 01, 2013
    ZBB Energy to Participate on Panel at AGRION Energy Storage Economics 2.0 for New York City and Beyond
    13 May 2013, 10:43 AM Reply Like
  • ZBB loves the word "commissions," used it here, and there:


    Feb 12, 2013


    ZBB Energy Commissions Residential Project for NIDON Clean Energy



    No clue on who bought what, and when (or over what period) somebody paid for it, and which quarter it might affect earnings in.


    13 May 2013, 11:32 AM Reply Like
  • WT -


    IMO, the term "commissioning" allows ZBB to get a double announcement. One when the project is announced and another when the project actually goes into use. Given the timeline from announcement to implementation, I think this is fair.


    We have discussed whether Axion or ZBB's approach is better and I am not really sure as the price of both have been above and below each other. Either way, I do appreciate ZBB's attempts to keep investors informed with projects, but they also leave a lot of stuff out.


    As for earnings, I expect earnings to be disappointing as they are not forecasting potential breakeven until the fourth qtr at approximately a $28M run rate or approximatley $7M per qtr.


    I think I would be happy with sequential growth from $2.7M in revenues to over $3- $3.5M in revenues, an increase in backlog to $7-8M and an increase in their "potential pipeline" to over $50M.


    Not really sure what to expect though ...
    13 May 2013, 12:11 PM Reply Like
  • Imagine that underwhelmed by a storage company's numbers.



    But they are getting a number of demonstrations out in the field.
    13 May 2013, 04:26 PM Reply Like
  • Great question by Jim Kennedy from Marathon Capital on the ZBB call regarding an anti-shareholder financing ... from financiers versus investors and why ZBB will not be in the same position 9 months from now with more and more shares sold and lower prices.


    Good question for the Axion call.
    13 May 2013, 05:37 PM Reply Like
  • ZBB had pretty decent numbers. They are meeting their goals and seem to have momentum. I may take a few more qtr's. but they are building a nice customer base and creating a global footprint.


    I took a starter stake in them today.
    13 May 2013, 05:42 PM Reply Like
  • Interesting dichotomy on the ZBB call between a classy way to be tough on management and jerk. Will be interesting to see the transcript.
    13 May 2013, 06:10 PM Reply Like
  • interesting company, been fun to watch.
    13 May 2013, 10:46 PM Reply Like
  • Transcript is up:
    13 May 2013, 11:48 PM Reply Like
  • EBuiel


    "I fear Axion has dropped the Automotive focus. Very sad."
    You must know something, or your are assuming that due to our frustation from lack of TG's willing to talk, the focus has changed.
    Please explain.
    13 May 2013, 10:21 AM Reply Like
  • Lloyd,


    I doubt EBuiel knows anything material Re Axion and its relationship with automotive OEMs as otherwise he would be unnecessarily exposing himself to serious problems.


    This being said, if that were truly the case and Axion were looking away from automotive, I doubt this would be welcome news to us shareholders. Maybe someone will be brave enough to ask during the next cc?


    13 May 2013, 10:39 AM Reply Like
  • Amouna,


    I agree with you that Dr. Buiel does not have inside information. However, at the same time, Dr. Buiel is very well connected/respected in the battery industry and I imagine he would not make such a public statement unless it was based on some reasonable interpretation of all the data points available to him.
    13 May 2013, 10:51 AM Reply Like
  • I've very sorry to take so long to respond back. We have been dealing with a sudden family health issue that has me preoccupied right now.


    I am still heavily involved with advanced transportation systems and I have seen a lack of representation by Axion at key automotive conferences. Last week I participated with the DOE Annual Peer Review and expected to see a presentation by Axion but they did not attend. ??? Very surprised as the DOE announced an increase in funding from 88 to 170M$ (requested) for next year. I've also heard from some of my former contacts that Axion is focusing more on grid and residential systems. I hope this is not true.


    Could you explain your comment on "lack of TG's willing to talk?"


    I will try to do better to be more responsive going forward.


    19 May 2013, 10:38 PM Reply Like
  • EBuiel: Here's hoping that the family health issues resolve favorably.


    We know that must take priority and are appreciative when you are able to take time here ... guilt-free.


    20 May 2013, 05:30 AM Reply Like
  • We should remember TG said that other automakers besides BMW have followed on with interest on the PbC. Unlikely they have all dropped the PbC if any have. Perhaps it's more the glacial pace that caused them to refocus elsewhere.
    13 May 2013, 10:48 AM Reply Like
  • Ramma


    As toTG's refocusing due to OEM's slow pace makes sense. EBuel may not spend too much time following our group.
    13 May 2013, 11:05 AM Reply Like
  • XIDE bonds v. stock debate here (on SA):


    Why Exide Could Be A Compelling Speculative Buy
    May 13 2013, 07:01

    13 May 2013, 11:26 AM Reply Like
  • >wtblanchard ... I tend to agree with "Inefficient Market'. I don't expect any rebound in shareprice in the X's before August or Sept unless they report better numbers next Quarter but I also don't see them going anywhere like bankruptcy. Could be (often am) wrong but if the recent appreciation in Enersys & JCI is any indicator then battery sales seem to be ever so slowly recovering.
    13 May 2013, 11:54 AM Reply Like
  • OT:


    Energy Department Announces Regional Winners of University Clean Energy Business Competition


    Six Student Teams Advance to Final Level of National Competition


    May 13, 2013



    The mystery to me: these winners:


    Northeast Region—MIT Clean Energy Prize run by Massachusetts Institute of Technology


    University of Arkansas, Picasolar


    Western Southwest Region—Rice Business Plan Competition run by Rice University


    Northwestern University, SiNode Systems


    Someone geographically challenged?


    Maybe they go by where the business established offices, which they hopefully took to the customers ...


    or maybe where the students are living at home with their parents while trying to find a job :-(
    13 May 2013, 12:13 PM Reply Like
  • AXPW: Fairly big volume for this hour, in the wrong direction:


    (10 min delayed) Volume: 356.2 k
    $0.2390 2,500 OTO 11:49:46
    $0.2390 2,500 OTO 11:49:46
    $0.2390 5,000 OTO 11:46:43
    $0.2390 2,500 OTO 11:46:43
    $0.2390 2,500 OTO 11:46:43
    $0.2350 2,500 OTO 11:27:55
    $0.2350 4,000 OTO 11:27:31
    $0.2350 2,500 OTO 11:27:10
    $0.2390 2,500 OTO 11:26:58
    $0.2390 30,000 OTO 11:26:43
    $0.2391 6,000 OTO 11:26:42
    $0.2391 4,000 OTO 11:17:44
    13 May 2013, 12:15 PM Reply Like
  • >wtblanchard ... Red is our color
    13 May 2013, 12:25 PM Reply Like
  • Wtb: This *may* be my dip w/volume I suggested would be seen before we can move up again. Don't know, can't really tell ...


    13 May 2013, 01:14 PM Reply Like
  • >H.T.Love ... Here is something that has nothing to do with anything On Topic here but is just a little something to wile away the time until you can really tell. It's a Paradox of Choice



    And if you really need more choices



    I hope something changes before I finish and you come to know before I reach the end of just the topics that interest me.
    13 May 2013, 02:18 PM Reply Like
  • DRich: I listened to the first one - great! On the matter of too many choices, it's natural - think fo the school of fish with a survival technique that enhances each individual fish's survival odds be increasing the choices of the predator when attacking.


    As a stroke of luck, I've almost always had high optimism but low expectations - and so end up "fat dumb and happy" (still working on item one).


    Low expectations regarding OPs' behavior seems to be especially beneficial.


    13 May 2013, 03:28 PM Reply Like
  • TSLA now ar $85 trading at 360x market cap of AXPW


    Why do you think Mr Buiel left Axion ?


    Because the management couldn't sell water to a dying man in the desert !
    13 May 2013, 12:29 PM Reply Like
  • JR, Dr. Buiel has already stated why he left Axion and the reason given is not what you state. Try to stick with the facts while you whine.
    13 May 2013, 12:45 PM Reply Like
  • IINDelco,
    And, to be honest, Dr. Buiel has previously stated that he has not been pleased with the rate at which Axion has pushed the PbC into the automarket. It all depends on your point of view. He thinks that Axion could have done more to get the PbC out there and TG tells us that they've done all they can and that they are at the mercy of the auto OEMs and their adoption schedule. Plus, in the case of grid storage, Axion didn't do like a lot of the Li-ion companies did, and spend their own money to put demonstration projects out there for the publicity. They went the way of the PowerCube at the plant, which they got partially funded by the State of PA. Whether it would have been wiser for them to have tried to make more hay earlier on will only be known in the future. For now, we sit and wait and watch paint dry and hope our PbC hatchling learns to fly.
    13 May 2013, 01:53 PM Reply Like
  • LabTech, True. Not his words but he has indicated they need to sell the darn thing. We can all agree on that point but we all have our own thoughts on how to go about it. One things for sure. So far we are not seeing significant sales. I wasn't expecting it in automotive or utilities but did expect more elsewhere.


    "Just Do It!"
    13 May 2013, 02:56 PM Reply Like
  • There are a lot of companies that could benefit from Axion technology. There are companies struggling with lead acid batteries in wind turbine pitch control systems, people putting supercaps in hybrid buses, TMEIC building 6MW UPS systems with supercaps, transit authorities in the US commissioning the building of streetcars that incorporate energy storage... I am disappointed that Axion is not pursuing new applications more aggressively.
    19 May 2013, 11:11 PM Reply Like
  • The symbol on the bottom skid is for a class 9-miscellaneous hazardous material. Wonder why they don't have one on the Volt? ;)


    GM turns your old Chevy Volt battery into a whole-house UPS



    A miscellaneous hazardous material is any material which presents a hazard during transportation but which does not meet the definition of any other hazard class. (Refer to 49 CFR 173.140.)

    13 May 2013, 01:19 PM Reply Like
  • ETRF shows bid of $0.2025x100K around 13:40 or so.


    13 May 2013, 01:55 PM Reply Like
  • ;)


    just from outrageous TSLA calls profits
    13 May 2013, 01:57 PM Reply Like
  • You have a right to smile Nicu. I'm happy for you.
    13 May 2013, 03:06 PM Reply Like
  • Nicu, Congrats on the TSLA play! Exhilarating bubble ride? ;)
    13 May 2013, 03:07 PM Reply Like
  • Thanks. Luck is so much better than many other things!


    I'm not really hunting for those 100k shares, I feel I have quite enough of them now. If they come to me at the right price, fine. Otherwise I will just enjoy looking at that pile of cash for a few months, after those margin calls during last fall and after such a long time being on margin.


    The whole market looks like a mini-bubble right now to me. Cash cannot be bad during rainy days :)
    13 May 2013, 03:11 PM Reply Like
  • Nicu: "The whole market looks like a mini-bubble right now to me. Cash cannot be bad during rainy days :)


    I went mostly cash last week & finished today other than what I intend to keep forever. I too am sitting it out for a bit.


    FWIW: I sold the rest of my AXPW on the open. I am out. May buy back, may not.
    13 May 2013, 03:33 PM Reply Like
  • Amtrak unveils new locomotives that will replace aging fleet on busy Northeast Corridor


    By: David Porter, The Associated Press
    Monday, May. 13, 2013



    "Among the improvements in the new locomotives are computers that can diagnose problems in real time and take corrective action and a braking system capable of generating 100 per cent of the energy it uses back to the electric grid — similar to the way a hybrid automobile's motor acts as a generator when braking, according to Michael Cahill, CEO for Siemens Rail Systems. That could produce energy savings of up to $300 million over 20 years, the company estimates.




    The locomotives, called Amtrak Cities Sprinters, are based on Siemens' latest European electric locomotive and will replace Amtrak equipment that has been in service for 20 to 30 years and has logged an average of 3.5 million miles."
    13 May 2013, 01:55 PM Reply Like
  • Check out page 8



    Dynapower article about building inverters for Axion batteries in Instrumentation Newsletter 2nd Quarter 2013.
    13 May 2013, 02:32 PM Reply Like
  • Stefan Moroney,


    Nice find, do you think this is talking of the electronics in the 'HUB'? Good press either way!
    13 May 2013, 03:03 PM Reply Like
  • I think they are talking about PC electronics, but that's just a guess ...
    13 May 2013, 06:08 PM Reply Like
  • Dr. Buiel's work that we have seen seems to clearly quantify that AGM's (enhanced or not) are not up to the task for the Stop-Start market after a few to several months. This is also what I have understood Dr. Buiel to have stated repeatedly, including more recent posts on the 'yadoodle' board. The same work and words also classify the PbC to be more than adequate to the 'Off-Cycle' automotive task.


    As to the notion that the life-cycle of the battery is to be considered to be a mere 'consumable' (like the toner cartridge in my printer) or an ancillary component subject to the battery manufacturers warranty rather than the vehicle warranty would not be an acceptable caveat for most consumers. Undoubtedly many vehicle dealers may attempt such a means of maximizing there service departments profits, but, at the least, I believe such an approach would quickly become a negative press issue for the OEM attempting such (Nissan Leaf in Arizona for example). Remember, the battery will still start the car in the morning and later at the store, it is just the S.S.feature that won't be operational because the BMS determined there wasn't enough 'stuff' to implement the S.S. feature. Also remember that the OEM's are taking advantage of the federal credits towards meeting CAFE and GHG emissions requirements. So, when the S.S. feature quits working a few months down the road that is what the consumer will be complaining about and the battery is an integral part of the S.S., as is the BMS or other sensors that are part of 'it's' implementation. Would a consumer be subject the WARRANTY from Bosch on the starter motor, maybe Panasonic's BMS, Gates drive belt on the starter generator... Would the Feds continue to offer credits once the cat is out of the bag, that the S.S. feature only works a few months--NOT LIKELY IMHO. I believe tthe Off-Cycle feature will be categorized as an emission control device and subject to a life-cycle expectation more akin to the catalytic converter than the tread on the tires.


    To this point my comments were based on a single battery application of Stop-Start, or Off-Cycle, in a vehicle. If the 2nd battery needs to power the transmission pump, air conditioning, power steering pump, radio, gps, heated seats... during off events, then that battery needs to be up to that task and an ability to accept a large and rapid charge will be an absolute necessity if Stop-Start is a part of the feature set.


    So, for me the big question is whether the OEM's are going to utilize S.S. or not. If yes, then Dr. Buiel's work offers us the assurance that LA and AGM (enhanced with carbon or not) won't work very long. So what are the alternatives--LiO, NiMH, Ultra-Battery, or the PbC.


    Given those alternatives, it is time the OEM's come to AXION if the PbC offers a financial benefit beyond the other choices. I understand that is a tall expectation, but not wholly unreasonable give the options the OEM's have.


    Will AXION survive long enough for that to come about? I am betting YES, especially given the other potential markets in Rail, Grid and Trucking!
    13 May 2013, 02:55 PM Reply Like
  • Guys - start stop is showing up all around us. Has anyone been to a GM or BMW dealership lately? GM is going to offer eAssist on Lacrosse/Regal/Malibu/... for 2014. If you ask GM engineers offline, you will find out that the lithium ion battery costs are not decreasing as they need to to keep this economical. I have heard they are 450-750 $/kWh in modules and the price will likely not go lower. Surely Axion can compete with this.
    19 May 2013, 11:20 PM Reply Like
  • Energy Department Launches Public-Private Partnership to Deploy Hydrogen Infrastructure


    May 13, 2013

    13 May 2013, 03:07 PM Reply Like
  • Wtb: I'm such a cynic now. I view this as another attempt to get their pet projects accepted at tax-payer expense, mostly, since they failed so miserably on the EV effort and Li-ion batteries ... so far.


    I'm going to finish reading, hopefully with my mind open, but I'm sceptical to start with.


    There's so much in the way of low-hanging fruit, why don't they pursue it with the same vigor? I suppose because it doesn't fit with their "grand dreams".


    13 May 2013, 05:45 PM Reply Like
  • Isn't "public-private partnership" an oxymoron?


    Partnership implies equal footing for negotiating a voluntary transaction.
    13 May 2013, 06:26 PM Reply Like
  • Norfolk Southern CEO praises public-private partnerships


    By Tom Shean
    The Virginian-Pilot
    © May 13, 2011



    "The nation's policymakers lack the funds and political will to improve the nation's highway system but have supported public-private partnerships for upgrading freight-rail lines, Norfolk Southern Corp.'s top executive said Thursday.


    Norfolk Southern, which used a public-private partnership to upgrade its Heartland Corridor from Norfolk to the Midwest, has been adding rail-and-truck terminals to support a Crescent Corridor between New Orleans and the Northeast, CEO Wick Moorman said during the company's annual meeting.


    The company, he said, has broken ground for a Crescent Corridor terminal in Tennessee and will break ground for another in Alabama next month. Norfolk Southern plans to add other terminals in North Carolina and Pennsylvania, he told shareholders."
    13 May 2013, 06:38 PM Reply Like
  • The crony capitalist/socialist system is alive and thriving...


    We just have to figure out how to take advantage of the reality.
    14 May 2013, 09:46 AM Reply Like
  • If SS for Axion is to be delayed...sitting in the bushes - while developing those opportunities that will produce cash flow sooner makes a good deal of business sense
    13 May 2013, 03:31 PM Reply Like
  • I've been doing research in an attempt to find out what the potential market size is for Power Cubes as they relate to renewables. Instead I came across this article out of Australia. It says nothing about frequency regulation but does make a number of points about the impracticality of scaling up solar power.


    13 May 2013, 05:35 PM Reply Like
  • So, CC is on Thursday.


    Axion has $9 million soon to be in pocket from outsiders and $1 million from insiders and so the funding crisis is gone. The share price hardly moved as a result of that announcement.


    We shareholders have had virtually no news of substantive sales.....ever. NSC and ePower have between them purchased probably less than 1,000 PbC's.


    Rosewater appears to be asleep.


    BMW have returned the batteries they were testing.


    There is NO news from the testing programs at Queens University or Penn State? or elsewhere.


    The share price continues to wallow around 2 bits.


    But Axion is no longer an R&D company, it now has a real product.....but sadly...... apparently NO real sales.


    So what are we to expect from the CC?


    I fear that if there is no announcement of sales or similar bankable news that the share price will continue its fall. People who have hung in for months or in many cases years may just give up and sell. I shudder to think of what happens should that be the case.


    TG must have a damned good story this time round.
    13 May 2013, 05:45 PM Reply Like
  • Albert,


    I know of more than a few Axionistas who have already left the building. I wouldn't worry too much about a mass exodus since much of it has happened in silence already. The real worry is can they ever get significant revenues coming in to keep this company afloat and away from vulture financings.


    "People who have hung in for months or in many cases years may just give up and sell. I shudder to think of what happens should that be the case."
    13 May 2013, 06:02 PM Reply Like
  • Albert, I have to wonder what story Axion would put forth that wouldn't have been utilized to support the IMO far more important capital raise.
    13 May 2013, 06:11 PM Reply Like
  • I agree many Axionistas have sold. Witness the decline of posts here and also the volume at these low levels. It's actually comforting that this much volume was absorbed today.


    I think we'll hear of sales of some sort - we know there are lots of finished goods to be accounted for.
    13 May 2013, 06:19 PM Reply Like
  • Albert,
    I don't think we will hear much of anything from TG. I am arriving at the unfortunate conclusion that he don't say much because there ain't much to say. Well respected members of this concentrator have left because of TG's refusal to come even close to marking out performance goals against which executive management can be measured. But now, with the passage of time, the absence of such markers can no longer hide that all is not well in New Castle.


    Even the most ardent of supporters must now be questioning where on earth sales will come from. I bought in because I thought auto, rail and grid would each have an approximately 20-25% chance of becoming a major market for the battery, and there would be perhaps a 10% chance of something additional and unexpected coming along.


    But what has been unexpected for me is the apparent indifference each of the purported key markets have shown for the product. More troublingly still, we don't have an inkling why this is. It may be expected that one or more of the applications would wilt, but there are now all too evident signs that the whole marketing effort is failing. BMW should be in fleet testing, but are not. They know the battery intimately and are in no hurry to use it. Batteries ordered by NSC a year ago have not yet entered the field, with no follow on order for the OTR loco. Not a single cube or hub has been sold. Now we hang best hopes on the trucking application. All this can change of course, but consider also that the financing was also apparently tougher this time, with no strategic partner in sight.


    It is hardly surprising that investors are losing faith. They cannot be blamed for doing so in the absence of information and the absence of signs of sales and marketing successes or movement toward those eventual successes. Tough to stay positive.
    13 May 2013, 06:48 PM Reply Like
  • not much to say. i am waiting for sales and not adding ~
    13 May 2013, 10:48 PM Reply Like
  • I think the "Elvis has left the building" is in play here. The negativity is palpable. Those of us (like me) still hanging around here are not going to give up their shares anytime soon. Thus, I think most of those who wanted to sell have already sold... as evidenced by the handful or so who have already admitted it. Thus, I don't think there is much to force this stock to the downside, despite all the glum comments. However, absent any announcements this week, I do not see any catalyst to the upside, either. Many will lose interest in this stock if nothing substantive is disclosed at this CC on Thursday, but I don't see the stock going down either way.
    13 May 2013, 06:36 PM Reply Like
  • Faith is at its greatest importance when it's at its hardest to keep.


    And this be hard times.


    The nadir of our hopes, the gutter of our dreams.


    ...Yet another interminable day in stifling trenches, high blinding sun beating down on heads, heat baking into every corner. No hint of cloud, nor relief, nor movement; only dust, stillness, dread. Endlessly waiting. Weary vigilance, flies, and heat. Maddening silence. Enduring, waiting. Waiting, enduring...
    13 May 2013, 07:07 PM Reply Like
  • Wasn't it Thomas Paine that wrote: "these are the times that try men's souls"?
    13 May 2013, 11:38 PM Reply Like
  • I know there is the conference call 5/16. Has the Shareholders meeting been announced yet?


    Who else may be going?
    13 May 2013, 07:08 PM Reply Like
  • Rick, Last year they announced the AGM on 6-5-12.


    I plan on going for the first time but am only about 90% sure at this time.
    13 May 2013, 07:47 PM Reply Like
  • JP guessed that it would likely be in July or August. I was planning on going, but also not sure yet as I am more than a little disappointed in Axion's progress this year.
    13 May 2013, 09:15 PM Reply Like
  • I may go depending on the date (JP said it will most likely happen in July or August). I would be traveling from the west coast so it would be a 2-3 day trip. All depends on business, family birthdays, moving our daughter into her college dorm, and whether I decide to increase my position.


    Probably a 30% chance for me but would love to see the facilities, meet management and fellow Axionistas.
    14 May 2013, 02:07 AM Reply Like
  • I would love to go, but like others, it depends on dates and whether it will fit into family summer plans and my call schedule.
    14 May 2013, 08:18 AM Reply Like
  • Hi Everyone!!!


    Yesterday Dr. Ed Buiel gave the following statement: ...I fear Axion has dropped the automotive focus. Very sad.


    I do not share his point, but I respect. Until now the Dr. Ed has not responded to several questions that have been asked by others persons in this forum.
    In my opinion the Dr. Ed knows very well the concerns that his statement would produce in the forum, sorry but he must be attentive to resolve and not let a day pass without answering our questions.


    Fortunately nothing happened today with price.-Carlos
    13 May 2013, 07:24 PM Reply Like
  • Again, very sorry. My father had a stroke and we're having a very hard time working through the aftermath and I haven't had time to check this board. Please feel free to send message to me and I will try to make sure I check my inbox on this site daily going forward.
    19 May 2013, 11:25 PM Reply Like
  • Dr Buiel, I Wish your father and your family well. We are so blessed to have your contribution here but it's for sure secondary to other matters. Tend to the more important things and join us when you can. :)
    20 May 2013, 12:07 AM Reply Like
  • Dr. EBuiel:


    Thanks. I wish the best for your father and his family.


    Have a good day-Carlos
    20 May 2013, 07:23 AM Reply Like
  • I am not going anywhere with my shares....
    13 May 2013, 07:55 PM Reply Like
  • Until that damn loco comes out of the yard and the trucks get the same chance as the cars and hubs had, I'm holding. That's my story and I'm stickin' to it. IMO, it will only take one of these apps to go well to whet the appetite for AXPW. Totally agree what we need now are SALES.


    Tried picking up shares at .24, but missed; don't know how, though, I was in there first, I swear.


    Sorry to hear about the no-mo-cars rumors...hopefully that will be clarified on the CC.
    13 May 2013, 08:43 PM Reply Like
  • Forgive me for reposting my comment from APC 234.


    "IMO very few Axionistas showed up on the last call to ask questions and very few questions got asked. I will be there asking questions as I have not found a job yet.


    Can I get a LIKE if you plan on asking questions with me this time around. I will not be shy and I will try to get in the que at least two times this Thursday."


    I have since gone back to the Q4 CC and found who asked questions (listed below)
    Matt Chambers
    David Perry
    Kent Geottman (ken gorman as they listed it)
    William Blanchard
    Jeff Lewis
    Albert Marshall
    Richard Bruno


    Myself, Albert and William are the only ones I recognize. Are any of the others axionistas?


    I sure hope more show up this time.
    13 May 2013, 08:47 PM Reply Like
  • Kent, it is just as important or even more so to go when things are going badly. Mgt. & the BOD need to hear & see the dissatisfied share holders and answer questions.
    13 May 2013, 09:41 PM Reply Like
  • I'll probably be there. Not sure if I have any questions to ask but I will if I feel like it. Sorry, that's the best I can do.


    As for Elvis leaving the building, I think he still may be somewhere in the wings. I'm a bruins fan and just witnessed one of the greatest comebacks ever. At one time down by 3 goals, the bruins score 2ce in the last 2minutes to put it into overtime. Then Bergeron puts it away in OT.


    I think axion makes a comeback and there will be some people sitting in their cars listening to the radio and wishing they had stayed until the end.


    13 May 2013, 10:40 PM Reply Like
  • Just re-reading, by 'be there' I meant I'll be dialing in. I will not be travelling to Newcastle.


    14 May 2013, 12:51 PM Reply Like
  • I posed two questions in the last CC, Kent, and currently assessing expected utility from doing so again. I was more than a little disappointed in TG's performance during that CC and probably will not assign much weight to anything he has to say short of factual announcement(s) of batteries sold and delivered or contracts signed for future deliveries.
    13 May 2013, 09:46 PM Reply Like
  • D-inv, so was I and I said so after the CC because the Q&A was cut short and some of the questions were avoided. We need to put the pressure on and hopefully get answers.
    14 May 2013, 02:22 PM Reply Like
  • Sorry if this has been posted. Rosewater PBC exposure from 3/14/13:
    13 May 2013, 10:15 PM Reply Like
  • pascquale,
    I hadn't see that one before. Interesting to note that in the article the author notes that Rosewater is planning a smaller version of their HUB for sale in the future. I don't think we've heard about this yet?
    14 May 2013, 01:04 PM Reply Like
  • I think they could sell a lot more if they don't just focus on the folks wanting a perfect 120V/60 hertz. $45K won't sell much IMHO.
    14 May 2013, 02:26 PM Reply Like
  • I don't think anyone has a greater motivation to announce some sales than management. Some investors, including me, have an overweight, perhaps obese, position in a speculative passive investment. For management, this is their day, night and weekend job.
    13 May 2013, 11:03 PM Reply Like
  • Haven't posted in a while but have been following everyday and have a question that might not get such a warm response. I was concerned about the lack of motivation on managements part to include and even acknowledge the shareholder base at times.


    The question being and please correct me if I am way off here but wasn't the way axion became a public company in the first place somewhat of a forced situation. I don't have the particulars of why, just I have this idea in my head that axion is being ran more like a privately held company at this point. Please if anyone could set me straight on the matter it would be very helpful as everyone seems to always be here.


    In it for the long haul as I'm hoping to buy a condo on the beach one day with a golf membership. Thailand or Jamacia here I come.


    14 May 2013, 01:50 AM Reply Like
  • Axion went public at a very early stage because there were too many conflicting claims to the technology and it seemed like a good way to resolve the claims without litigation. We ended up litigating anyway but it was a reasonable choice at the time. We wildly underestimated the amount of time, money and effort that would be needed to take the PbC technology from science project to product.


    Ten years later the PbC has finally reached a point where most companies start thinking about an IPO. The technical work has been far slower but turned out far better than I expected. Nobody is happy with the amount of time the process has taken.


    The transition point between R&D and commercial is always nerve wracking because there's no way to force customers to abandon their legacy solutions and adopt a new one. Until the first customer arrives on the scene in a credible way, the big worry is that many will test but none will implement. Once the first customer arrives, the hype cycle begins as stockholders assume that everybody will come to the party.
    14 May 2013, 07:17 AM Reply Like
  • John,


    In your previous experience helping other R&D companies making their first steps as commercial entities, how long does it take on average for an initial large customer to commit to a new technology from the time it has been validated, tested and proven to be scalable? Are we talking in months, years?


    When I first decided to jump in a bit more than two years ago, I thought I had done enough DD and honestly, given the set of information available back then- thought it was only a few months at MOST before the first large commercial order was in. Turns out I was wrong and probably too early to the party :)
    14 May 2013, 09:11 AM Reply Like
  • It varies depending on the industry. At ELBC 2010 one of the French OEM's said their testing and validation period for a new supplier of commodity starter batteries was two years start to finish. Since the PbC is not a commodity battery by any stretch of the imagination, I assumed three years from the summer of 2009 was a more likely number. We'll be pushing four years in another month or two.


    New technologies that are trying to displace dominant legacy products can have a very hard time. Fortunately the PbC seems best suited to emerging applications that are not well served by legacy products. Given the overwhelming enthusiasm I've seen from ePower, I'm more convinced than ever that the PbC has an important role to play in a rapidly changing landscape.


    The question I can't answer is when. I'm hoping that management will be a bit more forthcoming in their explanation of how they see the potential markets developing. But I also recognize that Axion's biggest weakness is it's inability or unwillingness to communicate openly with shareholders.
    14 May 2013, 09:23 AM Reply Like
  • An observation: Any company that adopts the PbC for their product will be taking a risk that, for whatever reason, Axion will be able to deliver price/quantity/quality when needed. Given the very questionable economic situation now, it seems to me that almost any smart manager will hesitate at committing to a new, risky battery based venture.


    Green energy and electric vehicles are obviously no longer the hot topic they were just 18 months ago. I know I am sitting on more cash then I have held in a long time. Gut feel, it's not time to make a risky investment. Bad for Axion but most likely perceived as safer for the companies that have shown interest in the PbC.


    How many companies absolutely must add a PbC to their product NOW? Epower is the only one that comes to mind. May they have great success with over-the-road tests, SOON!
    14 May 2013, 02:59 AM Reply Like
  • same conclusion, different reasoning here: companies primary concern is if they go PbC will AXPW still be here to fill order. combine that with margin pressures, good enough mentality at car manufacture and you get the present Auto situation.


    Norfolk also is in no hurry, but increasing profitability (comparing last years to previous looks flat but declining coal revenue means the railroad co is making gains in intermodal transport) still has me expecting PcB buys before anything non-railroad outside of small Epower purchases.


    When bridges are being built, I'll expect more interest from power co.s until then i just don't think they care to improve the quality of the power supply. I hold 'cause this product makes too much sense for Norfolk to ignore and i can plot a time track, even if it's just relative to other viable markets.


    with financing out of the way and a finished assembly any concerns Norfolk had about supply chain should be quashed. at some point you gotta give AXPW the sale ffs.
    14 May 2013, 03:50 AM Reply Like
  • SiHB, And we're not hearing the "sock drawer" chant as much any more either. So Axion is a <normal> stock after all! :))
    14 May 2013, 07:52 AM Reply Like
  • I have been a frequent user of the "sock drawer" analogy (perhaps even the first user, though I doubt that) for a long time...


    But I haven't viewed Axion as such.


    With me, the sock drawer is where I toss microcap stocks that I purchase with a very long horizon, usually 5 years and more, which are tantalizing but really uncharitable and with unpredictable timelines.


    I view their chances for near term auto OEM applications as "fading", with some opportunity lying out in MY 2016 or 2017. OEM truck applications are about the same, though an APU might slip up on us in late 2015 (MY 2015.5 say), though I doubt it.


    ePower has been extensively discussed, so I won't belabor that one, but they are small and still very much testing and developing their plans. This may be the best hope for a near term (2014-2015) successful application for Axion, even so.


    NSC appears to have fallen prey to the crony capitalism/socialism disease sweeping America's boardrooms, and we should probably cease anxiously watching them, and start to watch what the politicians are doing. My personal opinion is that we have embarked on an overt reboot of the last administration's passion for moonbeam projects (featuring EVs and LI of course) and, as always, political factors will rule the process. Its apparent that this round will feature more and richer spoils for the larger corporate cronies, and the large corporations (including NSC) are elbowing each other to gain a slot at the public trough. Projects like the 999 are hostage to the process, and GE's primacy in the crony constellation circling Washington cannot be dismissed...


    Rosewater appears to be a flatlined effort.


    A renewed emphasis by Axion upon grid applications (which as all regular readers here know, is the longest likely timeline and longest lead time potential market of them all) would logically indicate a reset to another very long waiting period while the company resumes its comfortable old R&D path, cadging for government nickels and academic support.


    So, I complete my comment by having come full circle. Though I entered this investment as a trader (and having traded judiciously, I am still at something close to break-even) of a stock which I anticipated would outperform its peers in the mid-term, I now WOULD place it in the "sock drawer" category, with prospects out about 4 or 5 years with an abundance of question marks.


    Axion should have much more clarity by this time as to corporate goals and plans. It belonged in the sock drawer back in 2009, but its sitting in the middle of the dining room table now, and the family is either going to add it to the menu to toss it to the dogs. I have it in my personal sock drawer, and look toward 2017 or 2018 as a likely event horizon.
    14 May 2013, 10:13 AM Reply Like
  • I think what everyone is thinking/asking/searching for, is, what are the main potential catalysts for the stk price, in the near-term?


    1) PC sales, as in plural.


    2) BMW fleet test order.


    3) Everything else put together.


    Everything else includes a lot of stuff that I see as relatively inconsequential, in the near-term. For example, an ePower announcement of such-and-such. May be a short boost to the stock, but will fade as even the optimists realize it will be years before substantial sales and cash to Axion.


    Without 1) and/or 2), hard to see how the price doesn't keep falling, with the new financing contributing to the downward pressure. In fact, I wouldn't be at all surprised to see any rallys from 1) and/or 2) faded big time. It's still very hard to get traction in this industry--just look at ZBB, for instance, who actually has sales and active stk promotion. Even with all of that, their rallys keep dying, over and over---their price isn't much higher than AXPW.
    14 May 2013, 10:49 AM Reply Like
  • I would add a significant upgrade in shareholder communication to your list of requirements Mr Investor. That's always been Axion's biggest failing and while somebody in my position can put eyes on the stock and explain the vision, only the company can instill the kind of investor confidence that makes the stock price rise.
    14 May 2013, 10:59 AM Reply Like
  • From almost everything I'm reading here and seeing in the stk price, optimistic words are no longer enough. They need to deliver tangible results---significant sales and orders, soon.


    In fact, investors might be further disappointed if they actually found out what is truly going on. For example, if the company is 0 for 15 in PC RFPs awarded, say, and that is because of the lack of name recognition, weak financial condition, problems with suppliers, and prices that are way too high. Sometimes ignorance protects.
    14 May 2013, 11:13 AM Reply Like
  • A letter to shareholders as TG wrote last year (or the year before I think, can't remember) would go a long way into reassuring investors who have never doubted management's abilities in the first place!
    14 May 2013, 11:22 AM Reply Like
  • Words have no value without sales.
    14 May 2013, 11:29 AM Reply Like
  • Wowsers; looking toward 2017 makes me wonder what we were all smoking a few years back. I always thought mid-decade was worst case. But now this stock is looking like it will struggle for survival if they can't get in going in the next 12 months.


    I'm still amazed that Quercus bought in at 2.10 and now we are flirting with 21 cents only 4 years later.


    All this and we've been told that progress has gone swimmingly in testing.
    14 May 2013, 04:43 PM Reply Like
  • It's times like these when I fall back on the wisdom of Momma Cass – the darkest hour is just before dawn.

    14 May 2013, 04:51 PM Reply Like
  • FYI: For those who watch intra-day action closely: apparently two trades were "undone". One was a 74K trade at 9:42:23 for $0.242, a "sell", and a 9K "sell" at 9:47:13 @ $0.24.


    Both trades appeared on the Power ETrade Pro Level II and Time & Sales, and the 74K one appeared on the ADVFN "Trades" screen.


    But the FINRA daily short report, which thankfully is the only place I have to look for in-market volume, shows a volume less these two trades, 778100. This matches what is seen on the ETrade platform now and explains why the ADVFN "trades" screen got scrogged.


    Cost me about an hour to find why I had 83K more than what the platforms were showing.


    14 May 2013, 05:11 AM Reply Like
  • HTL, Yeah I saw that in the am. Total volume was around the 150 k range and then we were back under 100k. Hit the refresh on my screen a few times to see if the latter was real. I was going to mention it but figured it was just a puter glitch on my end or an (in)Fidelity.


    Thought we were going to have a rip roaring day. ;)
    14 May 2013, 07:25 AM Reply Like
  • >H.T.Love ... Newbie question here. What would cause a trade to undone?
    14 May 2013, 07:32 AM Reply Like
  • DRich: I have no direct knowledge of what might cause it. I know that when there's been "fat fingered" trades that are far away from the market, there have been some. IIRC, some related to (mini?) flash crashes have been undone sometimes.


    I presume that any kind of computer error, maybe like a conditional order prematurely executed when the conditions didn't match(?), would also be undone.


    The only thing I'm sure of is that the 74K appeared everywhere I look and so must have come across the Bloomberg feed, which I think almost everybody uses. Then the ADVFN "trades" screen transferred around 100K (I forget the exact number) from "buy" and "sell" columns to "unknown" and the totals changed, losing the total I detailed.


    Maybe it was never a real trade to start with?


    14 May 2013, 07:52 AM Reply Like
  • Since TG indicated he wanted to furnish the negative carbon terminal to other battery companies for them to sell under their own label for distribution to the oem, would somebody mind asking TG how many companies he has lined up & who are they. He might tell how many but not who.
    14 May 2013, 09:03 AM Reply Like
  • Lloyd: I suspect zero since they are all touting their own versions of solutions for s/s, carbon additives, AGM, etc. My guess is that until their customers tell them "No mas!", they won't budge from their current strategies.


    14 May 2013, 09:16 AM Reply Like
  • 05/13/2013: EOD stuff partially copied from instablog (up later)..
    # Trds: 160, MinTrSz: 200, MaxTrSz: 30000, Vol 778100, AvTrSz: 4863
    Min. Pr: 0.2350, Max Pr: 0.2500, VW Avg. Tr. Pr: 0.2417
    # Buys, Shares: 75 269478, VW Avg Buy Pr: 0.2419
    # Sells, Shares: 74 458222, VW Avg Sell Pr: 0.2415
    # Unkn, Shares: 11 50400, VW Avg Unk. Pr: 0.2422
    Buy:Sell 1:1.70 (34.6% “buys”), DlyShts 155500 (19.98%), Dly Sht % of 'sells' 33.94%


    Daily short sales are still relatively elevated, compared to recent months, and I expect they will continue as long as we have the unusual market-makers here. There's a possibility that they are here “forever”, and short sales will remain elevated. But for now I think we are just in an exceptional period and the sellers using these market makers will eventually get exhausted and we'll likely see shorts reduce.


    Average trade size looks to be mid-range for retail and buy:sell is around the normal range again, but still lower than I would like to see – I suspect there's still some more selling to do, but maybe at falling volume now. This may help price hold in this range if my guess is correct. I didn't see any exceptionally large offers on the asks.


    A change in behavior has occurred – what used to be late-day weakness has become late-day strengthening these last two days. I suspect some of this is a result of ATDF having some competition from LAMP, UBSS, CSTI and CDEL on the bids. This apparently is noticed by (the now more astute?) sellers that come with the new market-makers in the fray as the peeks I take at the market aperiodically show a lot more increases on the asks than used to be seen. ATDF is no longer trying to jump ahead of every ask. Let's hope this newer behavior continues.


    I'm hoping that this dip lower with high volume is signaling the end of the downward pressure, which is one thing I mentioned I thought needed to occur before we could stabilize and then start moving up. I'm on shaky ground here with so much apparent negative sentiment though.


    It's as if folks didn't see the 8-K's restriction on selling (no more than 15% of daily volume) placed on the note holders if they take shares. Not quite as good as Quercus, but still it helps if they don't all convert and sell simultaneously. It's not a big positive, but it's better than a sharp stick in the eye.


    My original inflection point calculations continue mixed, not nearing any signal. They continue to suggest weakness, with a small increase in it. With the volume and lower buy percentage the last two days, this makes sense. My newer version is more decisive – everything agrees that weakness is dominant and not suggesting any reduction in downward movement yet.


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    14 May 2013, 09:14 AM Reply Like
  • 7:35 AM Tesla Motors (TSLA) gains 6.2% in premarket trading to reach $93.10 as its dizzying post-earnings victory lap continues. Morgan Stanley is out with what is largely a cautionary note before crunching the numbers for the "extreme" bull case. The firm says if Tesla achieves a 20% operating margin on 200K units per year, then a $300-plus price target could be justified. [Consumer, On the Move] 35 Comments
    14 May 2013, 09:22 AM Reply Like
  • Eh, I don't know why people are selling now. We already paid for our ticket for the year. Axion has money for a year, so let's let TG do his thing. Some large capital firms thought AXPW was good for a chance, why not us.
    14 May 2013, 09:55 AM Reply Like
  • Ranma,


    Some people are actually tired of giving TG too much the benefit of the doubt. I think that's the main message from the continuous share dumping...
    14 May 2013, 10:03 AM Reply Like
  • I mean those people who held through the offering but won't wait until May 15th to hear the story. It's a bit premature, IMO. My point is: we paid for all the bad news already by the very fact the stock is under 25 cents. We have a paid ticket for all the rest of the year. No point in selling unless TG gives materially bad news.
    14 May 2013, 10:06 AM Reply Like
  • >Ranma ... I've been watching this stock trade for literally years. I'd swear there is someone out there staging a Vendetta upon Axion. So much of the trading in this stock makes no sense at all.


    I don't expect it to change habit until Axion finds shareholders that are tarheels, finds investors that will stick with it out of conviction to the technology or the company starts making money or at least shows signs. There have been legitimate prior investors that sold for good reason not associated with the Company. Yet, a lot of the downward pressure is done with very small lot size and money and a relentless dedication to accept lower prices when the "Big Uglys" are out of the market. I may be seeing conspiracy where none exists but I don't see sound trading behavior either because the dollar amounts in profits or losses would not interest a professional trading desk
    14 May 2013, 11:06 AM Reply Like
  • Rama,
    I agree, but I can understand why others are getting frustrated and bailing. I've been invested in Axion now for over three years and still think of it as a long term winner. But, as the years go by, you do have to worry that potential buyers of the PbC will go the way of "no one got fired for buying IBM" and just keep Axion shut out of the market. The thing that still keeps me hopeful for automotive, is that start-stop is still in its infancy, especially here in the US. There are going to be millions of cars built with it every year. Companies like Ford can offer a system for $300 that they claim works, but eventually reviewers like Consumer Reports are going to tell the truth. Axion just has to be ready to produce when they go looking for a real answer. And, of course, we hope that Axion is still around because BMW has eventually thrown them a bone to survive on.
    One thing I will say is that I'm not going to just happily vote in another 100 million shares for Axion to have access to sell without them putting forth some kind of real plan for how they will grow the business with it, not just keep the lights on.
    14 May 2013, 02:28 PM Reply Like
  • "One thing I will say is that I'm not going to just happily vote in another 100 million shares for Axion to have access to sell without them putting forth some kind of real plan for how they will grow the business with it, not just keep the lights on."


    Amen to that Labtech.


    I assume your reply to me earlier was about attending the AGM and I agree. My wife may be very angry if I go but I feel it is a must this year.
    14 May 2013, 02:52 PM Reply Like
  • We are touching new lows. Great...
    14 May 2013, 10:01 AM Reply Like
  • If it's any consolation, ZBB down this morning to .275 after earnings last night.
    14 May 2013, 10:04 AM Reply Like
  • That is not consolation for us ZBB holders!
    14 May 2013, 10:01 PM Reply Like
  • Don't worry about ZBB, they had a decent qtr. & have $5 million in order back log. They too have to get past the $10 M capital raise over the next 2 years, but I too hold them.
    14 May 2013, 10:07 PM Reply Like
  • I guess in reality that fact speaks volumes about the potential people see in AXPW. Approx. the same number of shares as ZBB, same approx. market cap at current pps. Yet ZBB is clearly ahead in sales and revenue at this point - with ACTUAL satisfied customers!
    15 May 2013, 07:38 AM Reply Like
  • It tells me one other thing too, ZBB is way ahead of AXPW, and it traded .22 yesterday and then bounced to .25-.27 ... so IMO, even IF AXPW has the same type of qtr. The stock goes no where near to medium term.
    These capital raises and then approving another 100 M shares is a huge weight and overhang on the pps.


    IMO, TB posted a very good analysis yesterday about how it's probably going to take longer than he thought.
    15 May 2013, 07:48 AM Reply Like
  • New investor presentation on ZBB



    They are presenting at an investor conference now:

    15 May 2013, 10:50 AM Reply Like
  • "IMO, TB posted a very good analysis yesterday about how it's probably going to take longer than he thought. "


    TB's analysis of AXPW outlook yesterday is one of the very few postings of his that I have disagreed with. He may well be on the mark in assessing the amount of lead time remaining before PbC markets develop. But, if so, those markets will not IMO be supplied by AXPW as a standalone independent company.
    15 May 2013, 11:03 AM Reply Like
  • That's what the sock drawer is for, D-Inv. Housing interesting long shot microcap stocks in small quantities that MIGHT fulfill a high multiple gain, but are also likely to just flame out. 2018 is the limit I plan for in actual investments, and if I thought Axion could find a method of growing through the next 4 or 5 years, I might leave a core position in place...


    But your're probably right, "something" will happen to change things between now and then.


    So, back it goes into the sock drawer.
    15 May 2013, 11:11 AM Reply Like
  • I thought below from the latest "E-newsletter" from Robert Appel might be timely as regards we Axionistas and our stubborn tenacity in holding the AXPW shares


    Tai Chi Investing 2013
    Your core life-changing strategy is as follows, explanation below.
    1. Do not quit your present job – yet!
    2. Learn Tai Chi. Practice several hours a day. If you persevere, within a year you will be good enough to teach others the beginning steps.
    3. OK, quit your job. Sell all your assets, especially any “collections” you mirth have. Liquidate.
    4. Leave yourself some travelling money and emergency cash. Invest the balance in stocks representing the commodity that is most out of favor at the time.
    5. Pick a warm country with a stable political climate. Move there. Rent. Live on a budget. Teach Tai Chi for cash flow. Wait.


    Being able to teach Tai is the most portable skill you can ever have. Once learned, there are no updates or requalification exams. This is a marketable skill in any country with a seniors population. In other words, in any country. And it is the healthiest job on planet. Your health actually improves the more you teach it.
    The greatest investment gains are made by putting all your funds into a single strategy, which is the opposite of what the experts tell you. Commodities are always in demand but show cycles of sentiment. Any out-of-favor sector will snap back, it is merely a matter of time.
    Sell any assets which restrict your movements. Collections are the worst, whether paintings or stamps or old muskets. You think you are ahead, but if you factor in your time, you never are.
    Once mobile, there is no reason not to line in the most pleasant country you can find.
    Hopefully you will get to enjoy a few years as a Tai Chi instructor living in a beautiful place, getting healthier, with simple needs and wants. Ultimately, however, the sector you invested in, the one that was out of favor, will snap back and you will be a millionaire, with all the burdens and decisions so attendant. Too bad. Then you will have to implement a strategy like this all over again
    14 May 2013, 10:10 AM Reply Like
  • On my way, just signed up for my Tia Chi Instructor certification. Next is finding a nice warm place...
    14 May 2013, 10:05 PM Reply Like
  • Not sure that will be enough.


    May have to get a night job teaching the Kama Sutra.
    15 May 2013, 08:28 AM Reply Like
  • As to crony capitalism, car dealers in NC want to ban Teslas



    I may not be a Tesla fan, but I detest slime-bag corrupt dealers and their rented lackeys in the capital.
    14 May 2013, 10:21 AM Reply Like
  • Rick, Tesla has been having problems in many states based on old laws intended to disallow manufacturers from owning dealerships. Some states have been giving them conditional approval.
    14 May 2013, 10:35 AM Reply Like
  • Iindelco - I know Tesla has been battling old laws, but this is a NEW law.
    14 May 2013, 10:59 AM Reply Like
  • Understood Rick. Just wanted to point out that they were already looking to kick the old franchise system where it hurts.
    If anyone sold long positions or added short on the TSLA bubble expansion today I bow to your good fortune. I think you called it!
    14 May 2013, 12:41 PM Reply Like
  • Electrovaya keeping "plugging" along ... in China


    Electrovaya Shipping to Dongfeng Motor


    SuperPolymer 2.0 Lithium Ion Batteries for Two EV Models

    14 May 2013, 11:22 AM Reply Like
  • "I'm hoping that management will be a bit more forthcoming in their explanation of how they see the potential markets developing. But I also recognize that Axion's biggest weakness is it's inability or unwillingness to communicate openly with shareholders."


    Hi JP, thanks for your above comments. A couple questions it raises: 1) Does Axion recognize this weakness you point out, and 2) Do they even care? --- I'm becoming more and more concerned about the latter, wondering at times if some of their unresponsiveness to legitimate shareholder concerns borders on stubbornness.
    14 May 2013, 11:26 AM Reply Like
  • I don't think they realize how tense we are at the moment. TG might think his upbeat Q4 was hint enough. Trouble is, we don't know if the upbeat tone was a hint or BS. Only a handful of people on the APC have met TG in person.
    14 May 2013, 12:31 PM Reply Like
  • Ranma, He was also upbeat Q1 2012. And past performance sans information.......


    So he should expect people to be anxious.


    I often wonder if all those years negotiating with the union yielded a fire wall to some of the current/future stakeholder interface his position requires.
    14 May 2013, 12:52 PM Reply Like
  • The only performance that counts at this stage of the company and going forward is the conversion from testing orders to commercial orders. If they had had orders, press releases would have been out. I haven't seen any to date, which in turn implies that either their efforts for sales and marketing to date are not rewarding enough, or that they have been testing with some big names but are bound by NDAs so they can't really talk much.


    One reasonable prospect for PbC in the immediate to short term seems to be ePower Engine Systems, unfortunately it is a privately held small company that in itself need broader recognition, so I am afraid it can't do that for Axion that this stage just yet.
    14 May 2013, 01:04 PM Reply Like
  • No, his tone this last CC was the most upbeat I've heard. I first bought after Q1 2012, and when I first heard his voice I thought he sounded like a dry and gravelly old man. I assumed that was a good thing since this kind of company requires patience. I think there is a high chance he is upbeat for a reason.
    14 May 2013, 06:50 PM Reply Like
  • Been wondering what Viridity has been up to lately and came across this ... Ice (thermal) storage plus Viridity Energy's Demand Response control systems. Wonder if Viridity is having an easier time selling something like this than PowerCubes ...


    Thermal-Energy Storage Helps Transform High-Rise Into Virtual Power Plant


    New HVAC system prepares building for smart grid
    May 1, 2013By CALMAC Manufacturing Corp. | HPAC Engineering



    "Initially, ice was made at night, when power was relatively inexpensive, and used to cool the building the following day, when power was more expensive. Following deregulation of the electricity market, however, power prices became difficult to predict."


    “Viridity Energy can forecast where prices ... will be for the next day on an hour-by-hour basis and provide a schedule ... through the building-automation system, which the ice system is tied into, to make ice or burn ice,” H.G. Chissell, vice president, Northeast region and strategic accounts, Viridity Energy, said.




    "With energy storage, the HVAC-system upgrade, and the software, nearly $40,000 a month in energy is being saved during warmer months. Further, through response to market-based pricing and demand-response programs, $10,000 of revenue is being generated per year.




    “This is found money,” O’Donnell said. “We don’t need 1 sq ft of space in this building to make this money, and the tenants in this building see no change at all. We’re as happy as pigs in mud. The system works.”"
    14 May 2013, 11:44 AM Reply Like
  • I've written about Ice-Bear a few times, but the company mentioned here is:


    CALMAC Manufactures Thermal Energy Storage


    CALMAC is the world leader in the product design and manufacture of thermal energy storage.



    Some interesting links on the page.




    Love their "Contact us" page ... makes them look big even if (perhaps?) they aren't:


    Products page:


    Maybe not a "wide moat" in this field????
    14 May 2013, 11:53 AM Reply Like
  • 18 minute audio interview (with CALMAC) on this project, but talks about Viridity quite a bit as well:

    14 May 2013, 12:23 PM Reply Like
  • Another interesting thing to look at for this quarter earnings will be the inventory levels, and whether they consist mainly of finished PbC products. If they can't name customers or give details on the projects they are working on, at least high levels of inventory would indicate either a large order for testing, or smaller ones with various customers.
    14 May 2013, 12:45 PM Reply Like
  • Amouna, I hope you are right. Unfortunately I have also seen inventory skyrocket because of testing high speed production processes, poor MRP software settings, undeserved sales optimism, and poor internal communication.


    I think particularly interesting will be learning if the finished good inventory on the books is only batteries, or is now including carbon anodes as FG. This could be either very good - a large battery manufacturer is buying bio-carbon electrodes for scale production - or not good, because management made too many anodes, can't sell them, and subsequently reclassifies them as FG to make the books look prettier.


    FG also includes their specialty conventional AGM production, too. A large increase in that would probably not be good news.


    I don't understand how your statement, "at least high levels of inventory would indicate either a large order for testing, or smaller ones with various customers," would give us any information regarding large or small testing programs. Clarification welcome.


    My understanding is that the 12 volt 30HT is the only PbC battery in production. If the FG includes a significant quantity of 16v batteries, that may indicate demand from BMW (see caveats above). All the other applications that I know of are for 12v batteries.
    14 May 2013, 01:14 PM Reply Like
  • Rick,


    Sorry my statement was not detailed enough and for the confusion. I mean high levels of PbC finished goods (we should of course ask them what their level of finished PbC product is) would indicate with a good probability that they are either getting ready to ship an order, or expecting an imminent one.


    I still want to give this management team the benefit of the doubt when it comes to managing the financial house of Axion. They have proved so far that they are cautious with the funds, so building and producing huge amounts of finished product without an end customer is not typical of them. Of course I may be wrong!


    14 May 2013, 01:29 PM Reply Like
  • Amouna,


    Another important aspect of this question would need to clarify what happened to the previously disclosed 'increased inventory of finished PbC's'. Wouldn't want to count those units again if you are to speculate about potential customers, testing programs or cash flow!
    14 May 2013, 02:28 PM Reply Like
  • When the earnings come out Wednesday afternoon we should be able to see if the PbC inventory from Q4 was sold!
    14 May 2013, 02:54 PM Reply Like
  • KG, everything is Thursday:


    "...plans to release its results for first quarter 2013 before the market opens in New York on Thursday, May 16, 2013. Axion's management team will host a conference call to discuss the Company's financial results on the same day, at 11:00 am ET."
    14 May 2013, 04:54 PM Reply Like
  • Mr I, I beg to differ.


    "NEW CASTLE, Penn., March 18, 2013 /PRNewswire/ -- Axion Power™ International, Inc. (OTC Bulletin Board: AXPW), the developer of advanced lead-carbon PbC® batteries and energy storage systems, announced plans to release its results for the fourth quarter and year ended December 31, 2012, before the market opens in New York on Monday, March 25, 2013. Axion's management team will host a conference call to discuss the Company's financial results on the same day, at 11:00 am ET."


    They released the earnings on Friday 3-22 after the close (SEC filing).


    "NEW CASTLE, Pa., Nov. 7, 2012 /PRNewswire/ -- Axion Power International, Inc. (OTCQB: AXPW), announced plans to release its third quarter 2012 results before market on Thursday, November 15. The Company will hold its earnings conference call the same day at 11:00 am ET. Interested parties should call 877-317-6789 (domestic) or 412-317-6789 (international), to access the call."


    Filed their earnings report on 11-14.


    IIRC it has been the same every time for the last 3 years. Earnings will be out tomorrow after the close. I'll bet you 5 bucks?
    14 May 2013, 05:12 PM Reply Like
  • At least the release wont be late on a Friday when most bad news seems to come out!
    14 May 2013, 05:58 PM Reply Like
  • KG, my bad. Yep, the 10-Q should have the inventory detail.
    14 May 2013, 06:14 PM Reply Like
  • I won't be able to participate in the conference call due to a scheduling conflict but I would like to quote Tom Granville the apparent unit price from the Norfolk Southern sale and ask him if that reflects Axion's current pricing for a 30HT-sized battery.
    14 May 2013, 12:54 PM Reply Like
  • Wow, things tough all over ...


    ABB's CEO And CTO To Leave Company

    14 May 2013, 12:59 PM Reply Like
  • It is obvious that a large buyer is active. In the morning the price is pushed down and then the buyer comes in to buy. Look at the chart with al the long legs. I think we can expect some fireworks in the coming days!
    14 May 2013, 01:42 PM Reply Like
  • Axion-nl, I think the strong words on automotive yesterday may have scared some people. I think I saw a trade for 2000 shares and a pair of socks this morning!
    14 May 2013, 02:01 PM Reply Like
  • The ABB executives are moving to New Castle to work on th PBC assembly line. When asked why the response: "Better to be sweep floors a a winning company, then lead a falling one."
    14 May 2013, 02:15 PM Reply Like
  • ATDF came with a 100K bid initially at $0.24 at 12:07 or so. It's since been moved up, in smaller pieces.


    14 May 2013, 02:25 PM Reply Like
  • Do you think Axion has "Solved a Problem" or "Built an Idea"?


    Since there was/is no market for their product, it may explain why we are in this position now. A future market does not count as "A Market" only as a possibility. When the future gets here, there may be other products that will solve the same problem, even better.


    Lucky for Axion, ePower actually had a problem that needed solving.
    14 May 2013, 01:50 PM Reply Like
  • It solved the problem of slow charge acceptance and short cycle life in lead-acid batteries. Both gains are in the 5X to 10X range so the PbC is not just a little better. It's an order of magnitude better.


    While Axion was solving the problem, there were a world of new uses that didn't exist a decade ago where the old problem is even more acute.
    14 May 2013, 01:55 PM Reply Like
  • Greentongue, NS had a problem as well that most likely Axion has solved. Now the questions are when will they finalize the last phase of the verification process and how big was their problem?
    14 May 2013, 02:06 PM Reply Like
  • There are a few burgeoning markets where Axion PbC systems can be used:


    - Energy storage: distributed storage is widely expected to grow massively in the future years, and Axion should be able to grab a small share of the revenue in the sector by building partnerships with dominant names (utilities, RTOs, etc...)


    - Fuel efficiency: Railroad transport and stop-start automotive are just two segments. Both industries have problems to solve (saving more money on fuel, compliance with regulatory requirements, etc...) and Axion's product might be a very cost effective way of doing so.
    14 May 2013, 02:07 PM Reply Like
  • By accident, maybe Axion will get a small piece of the energy storage business. However, that isn't Axion's thing. The PbC opportunity is where power has to be moved back and forth frequently and quickly. Bob Averill emphasized that at last summer's meeting. He didn't say it but my impression was that he felt Axion was getting distracted and wasn't sufficiently focused on the best of this type of application.


    BTW, I found Mr. Averill to be very approachable and very helpful. He also directly encouraged me (and all of us by extension) to make our views known to management. You can bet I'm going to seek him out at the meeting this summer and ask him some direct questions about Axion's leadership. If he tells me everything is OK, that'll sure make me feel better.
    14 May 2013, 06:32 PM Reply Like
  • The response so far from the market makes me guess it was an inconvenience and not a "problem". So you recycle a few more batteries. Just like you don't make lightbulbs that last 20 years, selling more is not a "problem". Being able to now do things nobody does is "an idea" not a "solution".
    We talk here of how much money will be saved "as soon as they start using the PbC". If this was a cold hard fact, companies could not afford to go on without it, in fear their competitors would use it first to grab market share.
    I would like to believe that there are critical needs for it. Like say a wave generator that needs the cycle speed and frequency to convert the wave surges into a smooth useable output. But the battery in at least a basic form has been available for years. Where is the line of clients waiting for the next battery to be make so they can immediately install it?
    14 May 2013, 08:04 PM Reply Like
  • >greentongue ... I believe there is a market out there such as you describe. The problem is one of marketing. Hard as it may be to believe, virtually no one has ever heard of Axion's PbC or has a clue what it might be capable of doing. If you've kept up with the links provided in this forum you'd have read many times that there is a huge demand for supercapacitors if only they weren't cost prohibitive and the Holy Grail would be a single unit storage device with supercapacitance built in. Sound like a device you know of and the authors of these articles don't know about?


    I understand Axion hasn't had & doesn't have the money to make the world aware. I think the Company has pinned it hope of marketing on adoption by one of its testing partners. We are witness to a Catch-22 type situation.
    14 May 2013, 08:22 PM Reply Like
  • This is exactly correct, and why our expectations need to be in the right place. IMO, the only mission critical applications for the PbC are hybrid heavy vehicles (trucks and trains). These take advantage of the fast charge acceptance and long life cycle of the PbC. In these applications, taking the system down for maintenance is costly, and _also_ borne by the company. I'm not including auto because it is neither mission critical (for now) and the cost is borne by the customer. Auto will come into line later because of this - they won't be the first mover until someone else does (or regulation).


    As for storage, it's simply a matter of cost. Recycle a few more LAB or not. I never thought the PC will sell well until the costs come down. It's simply not mission critical. In fact, while utilities might have interest in charging properties, a wealthy homeowner simply would not care. A power outage is a rare event so he does not need the best batteries. Hopefully things are changing now that Axion has an automated process.


    WIth this said, I'm very hopeful still because trucks and trains themselves can be company makers, and help Axion move forward to the point where storage and auto markets are ready.
    14 May 2013, 08:23 PM Reply Like
  • You mean like ...
    Just loading Google with a few articles would change that almost overnight.
    14 May 2013, 08:43 PM Reply Like
  • >greentongue ... Yes, but just sort of.


    There needs to be a place where a potential customer can read about substantiated claims like 50ms response time, 1700 farad capacitance, 300,00+ cycles in 80-30% or capacity, 10,000 cycle discharges to 0% capacity, charge rates of 10C, costing of 60% less than a comparable battery/capacitor arrangement, and stuff like that. It is just not available and probably is what the NDA's are cloaking. Without personal contact all people will know is Axion has a new Pb battery technology and that is about all if they even hear that much.


    Marketing, marketing, marketing ... and Customer No. 1 is what Axion needs.
    14 May 2013, 09:10 PM Reply Like
  • DRich: Lol! I'd use a different word, "We are victim of a Catch-22 type situation".


    15 May 2013, 09:25 AM Reply Like
  • >H.T.Love ... I don't like that word here because you are involved in this kabuki theatrical production via your own volition. You have choices.


    Axion might be a victim here but I'm not sure of that. The Company may have entered into agreements with intentions, expectations & milestones that were not penned to their best benefit and now are an obstacle preventing Axion from acting in its own best interest and will remain that way on the whim of the counterparty. All just speculation but it is not we who are victims ... merely witnesses.
    15 May 2013, 11:17 AM Reply Like
  • DRich: Folks, of their own volition, drive automobiles, have accidents, are "victims". Many other every-day "choices", some necessary and some not, have adverse effects that make them victims. The exercise of choice does not automatically disqualify one from becoming a victim.


    Regardless, ...


    The difference? It's only money.


    15 May 2013, 11:53 AM Reply Like
  • People are scared.... but relax... NS is in the pocket. It's just taking time and money to modernize the entire fleet.
    14 May 2013, 02:20 PM Reply Like
  • Axion-nl, it's nice to see your optimism on NS. --- But wasn't there a post recently which described the extensive investments NS was making to modernize their fleet, and their work with the PbC wasn't even mentioned. Perhaps (I hope) I got that wrong.
    14 May 2013, 02:33 PM Reply Like
  • NS alone is a company maker... and ... are they even testing another company's battery now? If not, they are indeed already in the pocket.
    14 May 2013, 06:55 PM Reply Like
  • WIO, It has been a speculation on this board for some time that NSC was very embarrassed by the original NS999 failure with AGM storage and because of this they have pretty much gone stealth concerning the NS999 until it is a proven platform. I continue to support this theory. :)
    14 May 2013, 03:12 PM Reply Like
  • It's more than speculation Iindelco. A couple years ago I asked Granville to see if he could get me an interview with Thelen. The answer that came back was unequivocal - "NS doesn't want to talk to anybody about the 999 until the rebuild is complete and they have enough track time under their belts to be comfortable that they're not facing another PR disaster."


    Their initial rollout ceremony is here.



    They won't make the same mistake twice.
    14 May 2013, 03:21 PM Reply Like
  • Thanks for the refresher John. Now that you mentioned it I recall your sharing of the outcome of your attempt to discuss the program with Gerhard Thelen. :)
    14 May 2013, 03:27 PM Reply Like
  • John, I wonder if you have thought to ping them again (a decent interval arguably having elapsed) with the same inquiry? For, even if rebuffed, could the exercise (the nature/manner of a negative response alone) possibly yield up fresh and/or further intel/insight?... Any such gained would certainly be most timely for us at this juncture. I realize it's both asking a lot and that there's a certain price likely to be involved in your doing so, but then again, this may be the most opportune time for the query, where any nuggets retrieved, even if small, would be at their most valued--for of course once bigger developments (if any) come to the fore, all our insights, conjectures, and any tenuous conclusions arising therefrom will necessarily be overshadowed by real events...
    14 May 2013, 03:41 PM Reply Like
  • The problem is I pinged them through Axion the first time around and Thelen has recently retired. Under the circumstances I think it might be tough to get a request to the right level.
    14 May 2013, 04:29 PM Reply Like
  • Thanks John. I can certainly see the issue. Just thought it was worth bringing up...
    14 May 2013, 05:32 PM Reply Like
  • I'm curious if the new leadership means a new direction or perhaps a revised timetable for them.
    15 May 2013, 10:05 AM Reply Like
  • Hi everyone!!


    The calm returns and the best times are yet to come.


    Good day-Carlos
    14 May 2013, 03:24 PM Reply Like
  • Thanks for your response John


    Any chance we as a group could pressure management in some way to disclose something of substance without compromising the deals in the pipeline.
    14 May 2013, 05:53 PM Reply Like
  • I believe management keeps a fairly close eye on the Concentrators and there's no way a reasonable man could read the discussion from the last week without getting a pretty clear impression that the natives are getting restless for bloody red meat. Hopefully they'll be ready with answers that will satisfy that craving without getting themselves into trouble.
    14 May 2013, 06:25 PM Reply Like
  • 235 Concentrators since July 2011.


    240 SA followers with probably many more times that as lurkers.


    50,000 plus comments.


    Axionistas probably holding 1/3rd shares outstanding.


    Scores of comments in this Concentrator alone expressing deep concern about the lack of sales and information.


    JP I hope that you are right.
    14 May 2013, 06:48 PM Reply Like
  • Hopefully its not too little to late because when it really is time to fasten our seatbelts, the market might yawn.


    As stated last year at this time, management can provide MANY specifics without violating NDAs.


    For example -
    - How many automakers are currently testing the PBC?
    - How many are at beginning stages, middle stages, late stages?
    - What is the primary complication to progressing to test fleets?


    - How many RFPs has Axion submitted?
    -What does a mature in that process mean?
    - If Axion RFPs are getting rejected, why is that?


    -How many rail companies are testing PBC?
    - at what stage?


    Are there any particular complications facing Axion in closing deals?


    I could go on, but I have to go out for a bit ...
    14 May 2013, 09:02 PM Reply Like
  • Good questions Stephan
    14 May 2013, 09:21 PM Reply Like
  • >Stefan Moroney ... As to "-How many rail companies are testing PBC?" I would say it is 2 because I only know of that many that have published the fact they are testing batteries in locomotives. Where they are in the process ... I'd guess somewhere close to disinterested.
    14 May 2013, 09:54 PM Reply Like
  • My BHG has a low coefficient of permeability, but one thing that has finally sunk in to me is that Electrical storage is just one tough business. Hundreds of dollars per KWh to store maybe two bits worth at a shot is almost always going to be a ballbreaker. That said, Axion and the PbC are more in the "swappage" business vice the "storage" business...a road much less traveled to be sure... though perhaps the one more lucrative, for wanting wear, and which, hopefully, should someday(?) make all the difference...


    Ah, but would that I could go into a suspended sleep like Herr VanWinkle (along with uh, expenses) so that I might be sure to live to see that day. Sigh...
    14 May 2013, 08:21 PM Reply Like
  • Now that we understand the implications Mr. Granville let's start with the 3 most important questions.

    14 May 2013, 08:25 PM Reply Like
  • Cycle life, DCA, and dollar cost per cycle....that is all ye know, and all ye need to know...


    I just wish more people could know.
    14 May 2013, 08:36 PM Reply Like
  • Tesla Model S battery swap announcement coming soon?

    14 May 2013, 08:55 PM Reply Like
  • Hi everyone!!!


    Mr Thomas Granville: How are you?


    For me at the moment I can not communicate with you at the next conference call, I have not the ability to speak English on the phone.


    Thank you for answering the following questions:


    1-.I want to know why AXION managers could not access to the institutional investor?
    2-.As is advancing the implementation of the PbC battery in the Micro Hybrids? Do you think there is much difficulty to penetrate that market?
    3-.What is the market which looks have better chance to the PbC technology?


    In advance thank you for the answers and wish you success in your work.


    Sincerely, Carlos.


    Note: I'm thinking send the questions to Rudy Barrios. Is that correct?
    14 May 2013, 08:58 PM Reply Like
  • Axionista angst? ;)


    Statement Dr. Norbert Reithofer
    Chairman of the Board of Management of BMW AG
    93rd Annual General Meeting of BMW AG
    Munich, Olympiahalle,14 May 2013


    "The future belongs to those who dare......"
    "We believe in electro-mobility – and are putting it on the road.
    Germany is respected and admired the world over for its engineering expertise and powers of innovation. But German "Angst" is also a concept the rest of the world is familiar with. German "Angst" refers to how, when it comes to making radical changes, we in this country like to engage in long and fearful discussions:because we Germans tend to see more problems than opportunities. And it is no different with electro-mobility.


    Being the spearhead of change means taking a calculated risk.
    There is no guarantee of success – not even on the road to sustainable mobility. Progress has to be imagined, earned and paid for."

    Home page for reference

    14 May 2013, 10:09 PM Reply Like
  • I see where they are fleet testing a hydrogen car.
    14 May 2013, 10:18 PM Reply Like
  • LT, I'd posted awhile ago that there are many reasons for fleet testing. The term "Fleet Testing" means simply what it says. They have a fleet of vehicles on the road testing new product or technology. Could be something built into their near term product plans or it could be pie in the sky R&D stuff. Also other reasons like new suppliers, cost improvements etc. Automakers not only have to have their pipeline full for the next 4-6 years but they also have to assess things based on where the market might go looking out a decade plus. The advanced development folks.
    14 May 2013, 10:32 PM Reply Like
  • Did you dig anything out of the BMW site that hinted to better S/S ? such as PbC would be a high probability ?


    From what I read, their hydrogen cars had logged over a million miles of fleet testing, I think they are doing more than just playing here. Just IMO.
    15 May 2013, 05:22 AM Reply Like
  • iindelco


    Risk aversion (related to inertia) has to be the single greatest risk for AXPW. NS 999 roll-out would go a long way to help, especially if combined with an order for more batteries.
    15 May 2013, 11:13 AM Reply Like
  • D Lane, Agreed. Most people will be satisfied with safe if it's deemed good enough. I think that's the point in the BMW presentation. But the fact is you can't maintain the perception of above average that BMW has by doing nothing but safe.


    An NS999 roll out would be good but the follow on order would signal commitment and given the delay of the NS999 IMO is more important at this time. The NS delay has not been kind to Axion.
    15 May 2013, 11:23 AM Reply Like
  • LT, Other than the theme of added electrification I saw nothing specific to SS. That being said I didn't dig through their site extensively. And they would never mention PbC anyway for the same reason they demand Axion not share any information on the program. We are not to be in the know. It could be in fleet testing, book shelved for future use or dropped.


    I never said they were just playing with fuel cells. I only wished to indicate that fleet testing in and of itself implies nothing relative to when a technology would be utilized. It's done for many many reasons.
    15 May 2013, 07:06 AM Reply Like
  • No surprise here: hybrid owners are economically minded and tend to have outstanding credit histories.


    According to Experian, the typical hybrid buyer's loan came in at $25,807, compared to $26,691 for the average new auto loan last year. They also scored an interest rate of just 3.51 percent, compared with 4.36 percent for the average American auto buyer.


    "Hybrid vehicle owners have long been perceived as environmentally-consci... consumers," said Melinda Zabritski, Experian's director of automotive credit. "While they may have made the vehicle purchase due to caring for the environment, our research shows that hybrid owners are economically minded as well. Hybrid owners tend to have outstanding credit histories, which also has enabled them to obtain financing at lower rates than typical consumers."

    15 May 2013, 09:09 AM Reply Like
  • 05/14/2013: EOD stuff partially copied from instablog (up later).
    # Trds: 139, MinTrSz: 200, MaxTrSz: 56300, Vol 590688, AvTrSz: 4250
    Min. Pr: 0.2210, Max Pr: 0.2510, VW Avg. Tr. Pr: 0.2372
    # Buys, Shares: 82 249868, VW Avg Buy Pr: 0.2422
    # Sells, Shares: 52 328820, VW Avg Sell Pr: 0.2331
    # Unkn, Shares: 5 12000, VW Avg Unk. Pr: 0.2473
    Buy:Sell 1:1.32 (42.3% “buys”), DlyShts 178460 (30.21%), Dly Sht % of 'sells' 54.27%


    From 9:48's $0.221 onward, the trend was up all day. The 20 peeks I took at bid changes supported this behavior with 14 being increases and 6 being decreases (some via “uncovering” as better bids were taken out). As with yesterday, the offers responded, with some delay. Of the 17 offers I viewed, 10 were increases (some from being uncovered) and 6 were decreases. From 14:00 onward, only 1 offer was decreased while 6 increased and no bids were decreased. This continues what I noted yesterday, that “late-day weakness” had been replaced with “late-day strengthening”.


    Although folks saw another low down at the $0.22 area, a little context should put it in proper perspective. Note that ~40% of the day's volume went at >= $0.24 on day's volume that was “healthy”, approaching double the 25-day average I track of ~323K through yesterday.


    $0.2210-$0.2210: 066300 shares, 11.22% of vol, VWAP $0.2210 2 trades, 10K, 56K 9:36/7
    $0.2275-$0.2290: 006000 shares, 01.02% of vol, VWAP $0.2278 2 trades, 5k, 1K
    $0.2300-$0.2349: 189428 shares, 32.07% of vol, VWAP $0.2321
    $0.2350-$0.2390: 088700 shares, 15.02% of vol, VWAP $0.2368
    $0.2400-$0.2449: 111160 shares, 18.82% of vol, VWAP $0.2420
    $0.2450-$0.2499: 017600 shares, 02.98% of vol, VWAP $0.2470
    $0.2500-$0.2510: 111500 shares, 18.88% of vol, VWAP $0.2501


    We saw a 100K order today, this time on the bid from ATDF. There's apparently a lot of folks that see the financing completion and upcoming quarterly report as very bullish. It's a damn good thing because the pessimism of the inhabitants of the APCs would drive “the car company that shall not be named” into the ground. :-))


    Market-makers had to work hard again today because even with that 56K trade and a sprinkling of some 10K-20K+ trades, average trade size again came in at the low side of what I think is retail. The buy:sell continues to improve, today getting above the 50-day average and right in with the 25 and 100-day averages.


    The daily short sales continue at the elevated levels begun when the new cadre of more active market-makers appeared.


    Five of my six original experimental inflection point calculations showed increased weakness. The rate of change is is mixed among the periods with the 5, 10 and 200-periods improving and the others weakening. The near-term improvement may offer some hope. My newer version has 5 of the six periods worsening. However, four of the periods are showing a reduced rate of weakening, including the 10, 25, 50 and 100-period metrics.


    Details of “Dly Sht % of 'sells'” and inflection points omitted here.


    15 May 2013, 09:16 AM Reply Like
  • Looks like the TSLA bubble is letting some air out...
    15 May 2013, 09:35 AM Reply Like
  • Short squeezes are fun but the euphoria is usually short-lived. It will be a lot of fun to see what the change is from April 30 to May 15. I'm betting that the shorts have simply reloaded at a higher price level. If they haven't it's almost certain that they will.
    15 May 2013, 09:39 AM Reply Like
  • I certainly hope they have, so the squeezing can continue.
    16 May 2013, 09:08 AM Reply Like
  • Are we expecting the 10-q to be filed today after markets close?
    15 May 2013, 11:31 AM Reply Like
  • Amouna, More often than not that's the case.


    Ladies and gents place your bets. The odds are looking like more 0 MPH wind in the sails. But we are past the theoretical risk of bubonic plague, iceberg collisions, meteorite impact and the perfect wave along with all the other incoming calamities that have been conjured up of late. ;))
    15 May 2013, 11:39 AM Reply Like
  • I am starting to believe there is serious risk that more and more investors become desillusioned with the company, and instead of thinking that Axion has been tight-lipped because it was working on some company-making deal, it has rather been silent because there is nothing substantial to report! If that were the case, some nasty surprises lie ahead for us I am afraid!


    I for one am still willing to believe there is something good in the works here, but maybe it's because of my optimistic nature ! We shall see...
    15 May 2013, 11:46 AM Reply Like
  • I think we've already seen our selling wave, and there is a pretty low bar to hit for Q1 just to maintain our levels.
    15 May 2013, 12:01 PM Reply Like
  • Amouna, People have the right to feel that way. In the past TG has shown us that there will not be full communication when things don't pan out. The Exide relationship on the government grant and the distribution agreement being an example.


    I happen to think there is some of each going on. No lying but the information stream is managed more heavily than need be. For the interests of the investor that is.
    15 May 2013, 11:59 AM Reply Like
  • What's behind the curtain?


    The people here follow this story very closely and have held through thick and thin ... well, mostly thin. Cut the bull sh*t.
    15 May 2013, 12:14 PM Reply Like
  • Stefan, I have to agree.


    I do often wonder if people really had full disclosure of everything, outside of what is covered by NDA's, if Axion would have survived. I'll obviously never know. But some things eventually find their way to light and make me wonder if people would have been supportive if they had full disclosure at the time challenges were being addressed vs hearing when they are closed issues. But then as a result of this muted disclosure we, being human, start to thinkin', "What the heck else don't I know about?"


    Isn't life grand! ;)


    All this being said we have certainly seen some say, "No mas!" We each have our own expectations.
    15 May 2013, 12:33 PM Reply Like
  • FWIW, ZBB has a new investor presentation given today up:



    Pretty impressive, but you can't tell much difference in their stock and ours ... both pretty sad.


    The audio presentation is here:



    but you need Windows Media Player or Silverlight to access it. Haven't heard it, so buyer beware.
    15 May 2013, 12:27 PM Reply Like
  • Caution: A government snark.


    And this concludes our efforts to find you one of the bigger government jokes of the day.


    CEC spotlights US/Mexico used battery trade


    "'In pursuit of continent-wide trade and investment as enabled by the North American Free Trade Agreement (NAFTA), comparative advantage should not be sought on the basis of lower environmental standards or lax enforcement,' urges Evan Lloyd, former CEC executive director."

    15 May 2013, 12:38 PM Reply Like
  • For me, the recent financing was both a huge disappointment relative to inflated expectations (for which TG bears no small measure of responsibility), and a source of reassurance that at least several large investors see a favorable reward-risk ratio in the stock at current levels. I continue to believe that, once one substantial customer has been willing to take the plunge with a material order, others will find it much easier to follow. Still haven't sold a share, but it's increasingly easy for me to understand why others have.
    15 May 2013, 12:44 PM Reply Like
  • I too see why a sizable number of Axionistas have sold out because of various disappointments. To a degree, I congratulate them on being decisive regarding their investments. But once that first substantial customer makes a significant commitment to the PbC (and I think it's only a matter of time), then I believe most of these Axionistas will be back. Which is why I continue to believe we're in a temporary lull, and once that lull is broken, the pps could take off quickly.
    15 May 2013, 01:09 PM Reply Like
  • Here's my list ... no doubt will add a couple more as the day progresses and we see the filing, presumably tonight.


    PM me if there's one you are quite certain you plan to ask. Highly doubtful I'll get them all in, who knows whether I'll get a second chance after asking my first "batch" and getting back in the queue. Other than #1, NOT ordered by when I'll ask them.


    Phrasing changes welcomed:


    Always #1:
    What is your current visibility of the flooded battery contract? Are their prospects and Axion capability for growth there? Should we look at it on an annual basis, or quarterly basis for assessing future contributions to earnings?


    2.. What can you tell me about how easy it is to finance Powercubes … what specific efforts does the company make to facilitate this notwithstanding your own small size.


    3. What is the UL certification status of PowerCubes, and how has it affected sales?


    4. What impact has Mr. Thelen’s retirement at NSC had on the NS-999 program?


    5. How many inverter companies are you working with, and what is your philosophy of working with them (and having them best use the PbC battery) in service of selling batteries?


    6. Did the Japanese investment in Viridity Energy change their relationship with you? How would you characterize your relationship with them now?


    7. What is the customer feedback on the Residential Hub, and what are you doing about it? Can you clarify what if any IP is owned in it, and address reports that Rosewater is looking to offer a version without the PbC battery?


    8. Has the electrode line automation improvements allowed you to reopen negotiations with customers? Do you think your bigger problem in closing sales is price or fear of Axion’s ongoing financial stability and viability?
    15 May 2013, 12:54 PM Reply Like
  • All good questions, WTB.


    To paraphrase the CEO of a certain small battery company: "...its time to buckle your seatbelts, folks..."
    15 May 2013, 01:03 PM Reply Like
  • I think #4 and #8 are a very good questions.
    15 May 2013, 01:07 PM Reply Like
  • Anyone know how profitable the flooded battery contract is?
    15 May 2013, 01:15 PM Reply Like
  • FPA, My best guess is that it helps significantly to cover their fixed costs, keeps a trained work force available, keeps the equipment running and available for PbC development/production and not much else. It's not a business to have going forward but an immensely valuable tool for a start up like Axion.
    15 May 2013, 01:26 PM Reply Like
  • wtb ... All good questions. #7, though, might be rephrased to reflect what is public knowledge to date, i.e. - only one HUB produced by Axion for Rosewater Energy. Joe Piccarilli (?) and Rosewater made a tremendous amount of noise about what a great product the HUB would be with PbC batteries and then entered into a HUB evaluation program with Canadian universities and Local distribution companies in which the PbC and batteries with different chemistries would be assessed. Perhaps the first part of your question should read, What is feedback has Axion received from Rosewater on HUBs sold with and without PbC batteries?
    15 May 2013, 03:04 PM Reply Like
  • WTB,
    I would also add a question asking what is the status of BMW's 3rd party testing of the PbC?
    We "think" we know that it has ended, because of the shipping manifest that was found, but we really don't know for sure that these were the batteries that BMW was testing.
    If they are done, what is the next step and do they have any commitment on a time table that they can or cannot tell us about?
    If they are not done, why not and can he discuss what problems have arisen from this testing that has caused their continuation?
    15 May 2013, 04:24 PM Reply Like
  • ‘Micro Hybrids’ The Next Step?


    "Traditionally, 'micro hybrid' as a catch-all term for vehicles with stop-start technology. They don't really feature two different powertrains, as the term hybrid traditionally implies, but lumped together due to the small economy benefits offered.


    For Johnson Controls, a micro hybrid is slightly different. To them, it's more similar to mild hybrids--vehicles with an electric motor and battery pack for assistance and energy capture, but those which can't drive on electricity alone unlike a full hybrid--but using a lower-voltage power source.


    Current mild hybrids, like GM's eAssist system or Honda's Integrated Motor Assist (IMA) work at high voltage--100 volts for a Honda Insight, for example. While this poses no threat to the average vehicle user, it does mean extra expense and protection measures to ensure the electrical system can't cause harm to emergency responders and others who may come into contact with the car.


    The new micro hybrids will operate similarly to mild hybrids, but use a lower-voltage system--less than 60 volts. Without the risk of potentially dangerous electrocution, the systems can be much simpler and less expensive, cost savings which can then be passed to consumers."

    15 May 2013, 01:03 PM Reply Like
  • added 4K@23 yesterday, tried for 8K. At this point it doesn't move my needle much, but at least I can "View Lots" and see some green.
    15 May 2013, 01:14 PM Reply Like
  • Germany takes distributed power seriously



    Don't be fooled by the Germany reference ... covers a lot of ground and what Utilities should do ... and who they might need help from.


    Selling into this kind of market right now and got to be challenging to say the least ... even for the "big boys."
    15 May 2013, 01:22 PM Reply Like
  • As I mentioned yesterday, asking questions about the inventory is critical in this cc. Specifically, we need to know:


    - Whether inventory levels consist mostly of finished PbC batteries, or just the Carbon anode?


    - Can they shed some light on the size of the orders for which the inventory finished goods?


    That would be a good start. The question on whether they are renewing their standard lead acid contract is also important for working capital purposes.
    15 May 2013, 01:25 PM Reply Like
  • Re: "The question on whether they are renewing their standard lead acid contract is also important for working capital purposes."


    Thanks for all your recent comments. Regarding the standard lead acid contract, my own understanding is that it's more than important; more like critical. I'm not sure how Axion could keep their doors open if that somehow feel through. I don't think it's in jeopardy now, but I wonder about the new facilities East Penn is building, and how much longer we can depend on that bread and butter revenue. My own take is that PbC sales will have taken off by that juncture, and so will become a moot point.
    15 May 2013, 01:36 PM Reply Like
  • I would also like to know what is happening over time to the batteries that have been delivered to NS.


    Are they deteriorating as they sit there waiting to be used? We know they gradually lose charge - what if they fall down below a 10% state of charge? This has a negative impact on the cycle life and DCA, does it not?


    15 May 2013, 04:36 PM Reply Like
  • Hey hey, Mentions elevators. I wish Axion had contacts there!. :))


    CAP-XX launches large prismatic supercapacitors


    "CAP-XX says global demand for high energy, high power supercapacitors (ultracapacitors, electric double layer capacitors or EDLC) is growing rapidly as new applications come to market.


    These include Stop-Start and Kinetic Energy Recovery Systems (KERS) for cars, trucks, buses, cranes, construction machinery and elevators, ride-through power for trams and trains, uninterruptable power supplies, renewable energy management, power factor correction and on-grid/off-grid storage."

    15 May 2013, 01:40 PM Reply Like
  • Way OT ... do you dare take the "FirstEnergy or The Simpsons?" quiz?


    "FirstEnergy finds goldfish in Perry nuclear plant, NRC investigating"

    15 May 2013, 02:55 PM Reply Like
  • The luminous rats question stumped me.
    15 May 2013, 03:08 PM Reply Like
  • OT


    Reminds me of this security breach at a high level government nuclear site. Those nuns can be crafty. Actually, if I recall correctly, they can be a person to contend with if a ruler is in hand! ;))

    15 May 2013, 03:16 PM Reply Like
  • Iindelco: I think something fishy is going on there.




    15 May 2013, 03:21 PM Reply Like
  • HTL, Fish and nuns. Don't know how you guard against that.


    Actually, when you see the weapons these guys carry you have to wonder what they were thinking. The fish that is!


    Edit: BTW HTL, I thought you were initially talking about the trading activity in Axion. It sure is different after they signed that cap. raise IMO.
    15 May 2013, 03:35 PM Reply Like
  • Looks like Axion is not presenting at the ESA conference this year:



    However, they are supposed to be in attendance:

    15 May 2013, 03:31 PM Reply Like
  • Hard to sell a secret product.


    Would be nice if they had a "Perpetual Motion device" display that kicked a weight up and recovered the energy on the down cycle to show the charge/discharge acceptance and extended cycling.
    Something eye-catching but that showed its unique strengths.
    15 May 2013, 04:27 PM Reply Like
  • Now we wait. Seems fitting.

    15 May 2013, 04:12 PM Reply Like
  • KentG: Well, now we know there as *some* "youngsters" that have good taste! :-))


    Great song and great artist!


    15 May 2013, 04:18 PM Reply Like
  • OT: One good song deserves another. Here's one of the best songs from Buffett that many folks haven't heard.


    Touches the soul.



    15 May 2013, 04:47 PM Reply