Seeking Alpha

Axion Power Host's  Instablog

Axion Power Host
Send Message
Trying to learn stuff
  • Axion Power Concentrator 241: June 4: Axion Power Reports First Quarter Results For 2013 309 comments
    Jun 4, 2013 9:15 AM | about stocks: AXPW

    Latest News, Articles and Presentations...

    Axion Power Reports First Quarter Results For 2013 --

    "Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a "sole source" issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy ("to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry"), we embraced the process. We are a few months into that program and it is going well."

    "The second hybrid truck program we have been working on is a dual battery design for a truck stop/start technology. This is very similar to the stop/start initiative we have been working toward with passenger vehicle OEM's, except that the battery sizes are larger. In this stop/start program, we have an historical industry leader as an initial strategic partner. We are in the early stages with this program, but we have been told that, if initial data continues to trend as we have predicted, then we will be able to incorporate data we developed in our passenger vehicle stop/start program. This is significant because it will literally reduce time to market by at least 1/3 rd."

    "Our Phase II proof of concept effort includes collaboration with strategic partners chosen for their expertise in the development of compatible vehicle systems that are essential for our entry into both historical and emerging markets. The unique properties our PbC® battery exhibits - long cycle life; high charge acceptance; fast re-charge; and inherent string equalization - create a strong case for PbC adoption by historical industry leaders and by those with new cutting edge technologies. Our application pointed out, as further evidence of our potential place in those markets, that we are in various stages of lab or field vehicle testing with these strategic partners."

    ------------------------------------------------------------------------------

    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.

    ------------------------------------------------------------------------------

    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 --

    ------------------------------------------------------------------------------

    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 06/02/2013)

    (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 6/1/2013) 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.

    Enjoy!

    Disclosure: I am long OTCQB:AXPW.

Back To Axion Power Host's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (309)
Track new comments
  • Al Marshall
    , contributor
    Comments (486) | Send Message
     
    #n
    4 Jun 2013, 09:22 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    Secondo :)
    4 Jun 2013, 09:27 AM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    drei?

     

    HTL
    4 Jun 2013, 10:00 AM Reply Like
  • greentongue
    , contributor
    Comments (700) | Send Message
     
    Any more truck shows in the near future, to hear more about the ePower (or APU) progress?
    4 Jun 2013, 10:11 AM Reply Like
  • greentongue
    , contributor
    Comments (700) | Send Message
     
    Remember the old VW kits to transform your "Bug" into a dune buggy? What about an ePower kit to transform your bug into an "EV"?
    4 Jun 2013, 10:40 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    ePower gets $70,000 to $80,000 to retrofit a Class 8 tractor for a fleet operator that's trying to pare fuel costs and needs to rebuild 20% of its fleet every year. The last niche ePower is interested in catering to is a low value high irritation factor consumer market. You won't be hearing about ePower from truck shows. You'll be hearing about them from truck sales, which are the only thing that matters to Axion.
    4 Jun 2013, 10:57 AM Reply Like
  • greentongue
    , contributor
    Comments (700) | Send Message
     
    I guess my math is off then. I was under the impression that the cost of the retrofit was mostly in the off the shelf parts. That what ePower profited from was the IP of the control system design.

     

    In that case, they are not making 70-80k on retrofits and volume of kit sales does matter. (even if Do It Yourself VW kits)

     

    As for Axion, more kits = more batteries so it is all good.
    4 Jun 2013, 01:40 PM Reply Like
  • JohnM121
    , contributor
    Comments (341) | Send Message
     
    I still like warehouse forklifts. The time to charge a PBC is more like refueling propane or drinking a cup of coffee than it is charging a LAB overnight.

     

    Unfortunately many applications like this may suffer from problem that "What we got is good enough, and we don't feel the need to bother with something else. Besides, why should I be the first to stick my neck out to convince management to buy in?".
    4 Jun 2013, 11:29 AM Reply Like
  • thotdoc
    , contributor
    Comments (1317) | Send Message
     
    warehouse forklifts are going fuel cell, I believe
    4 Jun 2013, 07:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Some mega-sized distribution centers will go to fuel cells, but most will continue to rely on batteries because the infrastructure costs of fuel cells only make sense if you can spread the cost over several hundred trucks in the same location.
    4 Jun 2013, 07:07 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    What JP said. Handling H2 in quantity is NOT cheap.
    5 Jun 2013, 12:30 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    OT
    Tesla had a big miss in sales last month. (According to Autodata. 1,450)
    Insideevs also had it as a big miss. (1,800 Insideevs includes Canadian sales) Last month was 2,200.
    The sales figures will be up later today. Hopefully all reports will be in when I can check back in a few hours.
    The Annual meeting is Tuesday June 4. Likely Musk will have something to say.
    Tesla's shareholder meeting is scheduled for 3 p.m. Pacific time, 6 pm EST.
    It will be webcast here:
    http://bit.ly/15y8pMt
    Also
    Tesla loses its battle to sell directly in Texas
    http://bit.ly/16H3vS4
    4 Jun 2013, 01:05 PM Reply Like
  • LabTech
    , contributor
    Comments (1769) | Send Message
     
    Froggey77,
    I would assume that Tesla is going to lose here in NC as well. While the state legislature seems to be pushing every way it can think of to cut government programs, and tax rates, they don't want to lose out on all the state sales taxes that would be lost if you let Tesla sell a $100,000 car over the internet instead of having a dealer who is collecting those sales taxes for the state.
    4 Jun 2013, 01:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    LabTech: As you are no doubt aware, everyone in NC complies with the law requiring that *all* on-line sales are reported on, and sales taxes paid on, your filing! ;-))

     

    So they wouldn't lose any taxes. ;-)

     

    But the NC dealers wouldn't get their cut of the profits and that's the real hang-up. Entrenched commercial interests in bed with the government will use all means to make sure they get part of the pie.

     

    HardToLove
    4 Jun 2013, 01:52 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >H.T.Love ... And, as is law in Texas, there would be no warranty that parts & service would be available to a customer for a specific length of time. This is the reason for this law in Texas. It dates back to the 1950's ... true but was put in place because OEM's went bankrupt and/or just refused to honor implied warranty claims they made.

     

    Here it is 10 years and I think NC has a similar time. California also has 10 years of legally required parts & service availability. This is true for most states. The trick is it doesn't extend past the border and there is no federal consumer law to this effect. Not a problem if you're good with the personal word & guarantee of Mr. M or a promise from "The Automaker That Can Not Be Named" . I'm not that trusting.
    4 Jun 2013, 02:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    DRich: I guess it's too much to expect in this day and age that parts could be shipped quickly and the CDs which are available to all service shops for all makes and models would be sufficient?

     

    All it would take, as far as law-making goes I guess, is that the manufacturer must guaranty those are available, maybe through a third-party minimum? BK might be an issue, but that's a risk regardless of physical presence.

     

    HardToLove
    4 Jun 2013, 02:48 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >H.T.Love ... Yeah, a third party ... dealer. That is the force of law the OEM must guaranty without being headquartered or manufactured within the state. What if they decided to honor their warranty but only upon receipt of the broken item shipped at your expense and serviced on their schedule? Might as well be like a lifetime warranty from a Chinese based company I tried this with and still haven't seen the item in 4 years and have no recourse to force the issue.
    4 Jun 2013, 03:17 PM Reply Like
  • LabTech
    , contributor
    Comments (1769) | Send Message
     
    HTL,

     

    Umm...yeah...sure they do.

     

    Last I checked, if you don't itemize all your receipts, they charge you a preset tax for having ordered stuff online.
    4 Jun 2013, 03:32 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2057) | Send Message
     
    Froggey, there would not be any loss on sales tax. Cars are registered, and proof of tax payment is usually required. It is not like buying a widget from Amazon.

     

    The only "loss" is scammy dealers and their corrupt payments to rented poiticians.
    5 Jun 2013, 09:27 AM Reply Like
  • JRP3
    , contributor
    Comments (7426) | Send Message
     
    "Tesla had a big miss in sales last month."

     

    Tesla doesn't report monthly sales so I'm not sure how anyone would know if they "hit" or "missed".
    6 Jun 2013, 11:08 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >jrp3 ... Some bright young analyst is keeping track by VIN numbers registered. Relying on the rash assumption that even Tesla owners put plates on their cars, registration is public record information, and any Tesla registered is likely new.
    6 Jun 2013, 11:19 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2057) | Send Message
     
    DR, Surely you forgot the Teslas are automatically exempt from regular registration, and only have prime imaginary number VINs that mere petro-mortals cannot calculate.
    6 Jun 2013, 11:26 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    Silly me
    6 Jun 2013, 11:38 PM Reply Like
  • mrholty
    , contributor
    Comments (729) | Send Message
     
    The only problem with that is when TSLA starts shipping to Europe and Canada. Not sure if they are yet but I thought that was a summer timeframe. I thought 8k of their 20k orders as of Jan was non-North America.
    7 Jun 2013, 10:17 AM Reply Like
  • JRP3
    , contributor
    Comments (7426) | Send Message
     
    So he finds every single Model S registered in the US and Canada? Really? Over at TMC we don't pretend to be able to track every vehicle, as much as we try. In any case I don't see how 1800 sales would be a big miss since that's 450 per week, which would translate to around 23,000 a year.
    7 Jun 2013, 10:37 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    Y'all need a better methodology or something useful to do. I thought I remember May sales at 1425. It really doesn't matter to me one way or another for all the reasons you've already disagreed with.
    7 Jun 2013, 10:56 PM Reply Like
  • axion-nl
    , contributor
    Comments (121) | Send Message
     
    is the marcum presentation already made public? Cant find it on the website :(
    4 Jun 2013, 02:59 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    For those who are interested in a solid overview of the advanced battery space in mobile applications (e.g. portable devices and motive power), Lux did a good forward looking webinar this morning that they've given me permission to share.

     

    http://bit.ly/ZLTboO

     

    It takes 36 minutes, but it's well worth the time if you have it.
    4 Jun 2013, 03:27 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Anyone able to download John's file?

     

    I got:

     

    "HTTP Error 503. The service is unavailable."

     

    Maybe I need to download some app?
    4 Jun 2013, 03:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    iindelco: I got it alright on my Linux box. It's an ".arf" file.

     

    If you PM me w/your e-mail I'll send it to you. I assume that putting it in my dropbox would be verbotten.

     

    hardToLove
    4 Jun 2013, 03:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    I had to download and install a special player, but aside from that it worked just fine.
    4 Jun 2013, 03:58 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Some major points made by Lux:

     

    1) Slide 22, which depicts Lux's projection for lithium ion battery cell and pack costs from 2013 to 2020. The graph shows the cost declining, but slowly (compound decline of approx 7%/yr for pack cost) and at a slowing rate over time, from approx $675/kWh now to $400/kWh in 2020. IOW, no l-ion cost miracle there, which should be good for the PbC, I would think.

     

    2) At the low end you might see advanced varieties of lead acid (for microhybrids) and at the high end, lithium-ion 48 volt systems. No surprise to us here, either. Unfortunately, Lux mentioned that a microhybrid battery discussion is outside of the scope of today's presentation.

     

    3) You won't see any miracle battery anytime soon, e.g., lithium air is 10 yrs out or more, and the DOE's 5yr research program (5-5-5 I think it's called sometimes) won't be successful. It will take more like 10+ years instead to achieve the solution they want.

     

    Some other points:
    --supercapacitors remain a very expensive technology
    --batteries for motive power is a huge mkt. To put that into perspective, the kwh of batteries sold for Apple's 48mil iPhones sold in Q1 2013 was 270Mwh, vs 400Mwh for only 4.9k Tesla Model S' sold over the same period.
    --Electric vehicle sales will peak in 2020 in the US, then decline a lot (as tax credits expire, and later Lux mentioned ICEs keep improving, too). Lux even called it a bubble.
    --microhybrids will be huge.

     

    So, continued confirmation of what most here already believe.
    4 Jun 2013, 05:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Thanks for a good summary Mr. Investor.

     

    I'd thought about drafting a similar summary but figured it would be better to throw out the source material and let others give their impressions first.
    4 Jun 2013, 06:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Happy to help.

     

    I'd really like to hear Lux's discussion of microhybrid batteries, especially if they have anything to say about the PbC and/or Axion. In fact, I wonder if Lux has spoken with Axion. Lux mentioned speaking directly with other battery companies, in their presentation that you linked, and seemed to have the next-gen battery competitive landscape mapped out, as their one slide suggests.

     

    In fact, from either talking to Axion or otherwise, if Lux had good things to say about the PbC, that could be some much-needed PR for AXPW. Hope Granville/Datam's all over that, if possible/allowed. Pike, too, I suppose.
    5 Jun 2013, 05:00 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Thanks Guys.

     

    HTL, I'll send that in a minute or two. Thanks in advance for your help. :)
    4 Jun 2013, 04:12 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    OK
    EV sales for May.
    Tesla according to Autodata sold 1,450 vehicles.
    Insideevs (Which includes Canadian deliveries) puts Tesla at 1,800. Canadian numbers are not likely over 100 deliveries from what I’ve seen.
    Both numbers are huge misses.
    Hybrid cars dashboard put the number at 2,000

     

    Insideevs April 2,200
    Hybrid card dasboard which had April at 2,100

     

    From Insideevs
    < The name of the game for May at Tesla was to produce as many US-bound cars before the line focusing on Euro-orders in June. This lead to customers being able to both order and receive cars in the same month.>
    If this is correct Tesla has a demand problem.

     

    Volt: 1,607 sold
    This was the Volt’s second best month for 2013. It is up 301 from last month but below last year’s 1,680 for May. YTD is similar to last year but well below the second half of last year.
    Compared to last year this May would have been 9th.
    The Volt did not show a bump in inventory in May so it appears GM has seen the writing on the wall and has cut production. There were some price cuts/incentives which were to be announced in May (Likely for the 2014 models) but have not yet materialized.

     

    LEAF: 2,138 sold
    The cheapest Leaf is apparently leading the way
    Nissan with it’s Buy American label from the Smyrna, Tenn. Plant along with loss leader pricing and even more loss leader leases appears to have reached a new group which can afford their cars.
    Rumor has it they are falling behind on the cheap models and inventory fell 500 or so cars this month.

     

    Fisker: 29 sold and apparently is getting incentives to get them off dealer’s lots.
    59 left to go but Lutz with Waxaing and Fisker himself are bidding for the company so there may be more to the story.

     

    Smart For Two EV: 60 sold in half a month. (Undoubtedly with low inventory)
    The lowest priced EV $25,000 before federal credits and has a convertible version at $28,000. There are rumors that a battery lease may be available.
    Side notes:
    A prediction of 10K will be sold worldwide this year; across as many as 30 additional markets, including China.
    Due to the shape of the smart car it is as aerodynamic as a brick and highway driving reduces range drastically whereas city driving is better than might appear at first glance.
    < EPA is 76 miles city, 59 miles highway. City MPGe is 122, while highway 93 MPGe.>
    Also Note:
    The Smart For Two gas version has the lowest customer loyalty ratings of any vehicle.

     

    i-MiEV: 91 sold
    Dealers offered discounts as high as $10,000 to get them off the dealer’s lot.
    Under 200 left.
    E V Deal Of The Day: New Mitsubishi i-MiEV – $18,655
    http://bit.ly/11jDtMI

     

    Honda
    Fit EV: 15 sold.
    April 22 were sold
    YTD 83 total and 93 in 6 months of 2012 for a grand total of 176 for 11 months.
    Honda has planned for 1,100 a year to meet CARB regulations. You can see they are not even close to this number in nearly a year. The idea of making money on EV sales has taken a blow and Honda has bowed to the obvious. They have now announced a cut in the lease price. (They don’t sell them lease only)
    The Fit EV’s lease rate of $389 a month has been reduced to $259 or a cut of 1/3. In addition mileage is now unlimited.

     

    Accord Plug-In: 58 sold.
    YTD 158 total YTD. (Sales started in Jan, 2013 with 2 for the month.)
    Honda does not appear to be anxious to sell them. Perhaps CARB will necessitate a drop in it’s price as well.

     

    Toyota
    Prius Plug-in: 678 sold.
    YTD 3,630.
    599 were sold in April which was the lowest in a year. Excluding last month this month would have been the lowest for a year. The Prius Plug will have to increase sales to equal last year’s sales. Despite in 2012 no sales were made in Jan and only 21 in Feb.

     

    RAV4 EV: 84 sold
    YTD 366
    Out of the 9 months it has been available only one month has hit triple digits.
    As this is a CARB car this seems to be an acceptable amount for Toyota.

     

    Fords
    Focus Electric: 157 sold.
    YTD 723 sold
    Better than last month worse than the month before. This is about what Ford expected, despite a tripling of dealerships.

     

    Fusion Energi: 416 sold
    YTD 1,194 sold (None in Jan) 119 in February, 295 in March, 365 in April.
    Fusion Energi has grown every month so far.
    The Fusion Energi has a starting MSRP of $39,495 and appears to be doing well despite that.

     

    C-Max Energi: 450 sold
    YTD 2,027.
    Sales have been flattish but a lack of production may have crimped sales a bit we will know more later.
    4 Jun 2013, 10:41 PM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    In other news: Recent scientific studies conclude that pissing in the wind yields at best, mixed results. Participants sometimes reported initial periods of feel-good euphoria, but the sensations were invariably short-lived, and very soon replaced by various untidy difficulties and lingering instances of sordid dampness.
    4 Jun 2013, 11:31 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    48, Rumor has it that if used as a standard regiment it's a good diet plan. Additionally, they are still running studies on the theory that it can be qualified for "birth control" credits. Yet alas.only near windmills where "obviously" the wind always blows right when you need it most.

     

    Best results interrupted near odd fences with white ornamental holiday devices? Sandia given a grant to study if they are beneficial lithium objects so the negative impact can be mitigated and recycled into gold.

     

    More government funds required to yield the expected outcome.

     

    Trademark in place. Yellow fervor. The French also voted wee.

     

    Ugh. TG sell something, We're getting bored! :)
    5 Jun 2013, 12:48 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (836) | Send Message
     
    "Ugh. TG sell something, We're getting bored! :)"

     

    But being forced to become creative thinkers and writers as a result. A silver lining to everything, right? :-))
    5 Jun 2013, 01:07 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2046) | Send Message
     
    Did anybody remember to put the hardener in the paint?
    5 Jun 2013, 02:52 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1823) | Send Message
     
    I thought *you* were going to do it.

     

    D
    5 Jun 2013, 07:03 AM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    I can't do it. My round-to-it is missing. Where can I get one? Have you got one?
    5 Jun 2013, 08:32 AM Reply Like
  • gottliep
    , contributor
    Comments (41) | Send Message
     
    SEC Effectiveness order for recent share registration was filed on Edgar system yesterday.
    5 Jun 2013, 07:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Axion's resale registration statement was declared effective yesterday afternoon so the investors should have hot stock in their hands by the end of this week. Now it's all up to Axion. It will either give the market reason to demand more stock than the investors want to sell or it won't. There are several potential events in the queue that could make the new supply issue a non-issue, but the ~3.5 million new shares that will likely be available every month is a stout number and without solid news things could get difficult.
    5 Jun 2013, 07:28 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    that was pretty darn quick, no?
    5 Jun 2013, 07:31 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    The SEC is an odd agency because you never know if they're going to review a registration statement or not. New companies that don't have a long history of timely reporting get reviewed frequently. Seasoned companies that have a solid reporting history are reviewed on what usually works out a three-year cycle.

     

    When a new registration hits the filing queue it goes to a Branch Chief who makes a decision to either review the filing or let it go without a review. The process of making a review decision usually takes a week to 10 days.

     

    If there's no review the filing is declared effective right away. If the Branch Chief decides a staff review is appropriate, the review process typically takes 60 to 90 days.
    5 Jun 2013, 07:47 AM Reply Like
  • greentongue
    , contributor
    Comments (700) | Send Message
     
    "...the ~3.5 million new shares that will likely be available every month is a stout number and without solid news things could get difficult."
    - great, just what we needed. No news and more stock.

     

    I know, we can announce another new "mystery company" has begun testing the PbC battery for use in its products. But we can't say which company or what product, NDA of course ;)
    5 Jun 2013, 08:10 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    There's always the chance that the new investors will simply sit on their stock for a time, right? I mean, what kind of return can they get by selling right from the get go?

     

    Edit: Duh. Sorry, my bad. Thanks LT. Though I guess there still *is* a chance they'll hold...
    5 Jun 2013, 08:19 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    8% interest
    5 Jun 2013, 08:20 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    greentongue> The potential events that seem to be lining up in the queue aren't of the triple secret variety.

     

    Axion is negotiating with a potential manufacturing partner to solve BMW's sole source concern. When a deal is struck, the partner will have to be identified even if BMW decides it wants to lurk in the background under cover of an NDA.

     

    The SBIR Phase II application Axion submitted last month "included a strategic partner that is one of the industry giants." If the outcome is positive, the identify of that strategic partner will become public knowledge. The odds of success for the original application were one in ten. The odds of success for the Phase II application are 50/50. TG expects a DOE decision by late July. The DOE is promising early July.

     

    Tom spoke obliquely about a several megawatt stationary installation that's likely to be a 2013 event. There are also significant opportunities with NS, ePower and unidentified draft choices. I expect NDA's to remain the bane of our existence, but relationships are rapidly reaching a point where disclosure is mandatory rather than optional.

     

    More stock without news could get ugly, but Tom is no fool and neither are the investors. Both sides fully understand what needs to happen.
    5 Jun 2013, 08:38 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    TG better be able to deliver the goodies this month, or we are in for another roller-coaster to the...
    5 Jun 2013, 09:16 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    JP,

     

    "More stock without news could get ugly, but Tom is no fool and neither are the investors. Both sides fully understand what needs to happen".

     

    I also don't think that he would have agreed to commit Axion to the terms of the last fund raising unless he knew he had a very strong hand to play, and just in time!
    5 Jun 2013, 09:20 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    Well..isn't the damage each month going to be in some measure contained month by month? IOW, let's say we do have to endure a June and July with a dearth of news, and ~7 million shares come into the market during that time... yes that could be bloody, but then if something majorly good happens at that point, a company-maker even like a substantial deal disclosed with BMW, lifting the share price and bringing increased buying power and interest into the stock, the worst damage is mostly contained to those 7million, right?
    5 Jun 2013, 09:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    My inner worry-wart still asks "what if?," but my rational mind knows that companies don't bring rubber knives to gun-fights and investors who need a positive future for outsized returns spend a great deal of time assessing the probability of a positive future. The latest deal would have been crazy from both Axion's perspective and the investor's perspective if things weren't far better than we fear.
    5 Jun 2013, 09:31 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    "I also don't think that he would have agreed to commit Axion to the terms of the last fund raising unless he knew he had a very strong hand to play, and just in time! "

     

    To distill, this is really our only OB1-Granobee hope right now isn't it? (as well-founded as it might be)
    5 Jun 2013, 09:34 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    Yes. It is really the only major short-term potential catalyst that I can think of.
    The problem is not so much TG's performance, but his communication style that had raised the hopes of many - including me- at times in the past when there was nothing much to get excited about. The consequence now is that, unless there really is MAJOR news coming out of New Castle, I am afraid new market participants will interpret this as a lack of progress and dump their shares
    5 Jun 2013, 09:46 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    I wish I were living in the US so I could show up at the AGM and meet the team. Unfortunately, times are tight for the moment...:(
    5 Jun 2013, 09:48 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Tom has always been in a difficult position because mega-companies hate having their names associated with tiny companies, even if they love a tiny company's products. The first place I saw the dynamic was in the oil business where the big boys wouldn't let you mention their name until the check cleared. The only exception to the rule I've seen is when a major has a tiny company's technology locked up eight ways from Sunday. In 20/20 hindsight I think BMW's willingness to publicly wrap its arms around the PbC in 2010 arose from its desire to fire a warning shot across the industry's bow – to say "you have to take your game up a notch or two or we'll be forced to go in a new direction. It's veiled threat from last fall's ELBC was using a lithium solution for the hotel loads.

     

    When an executive like Tom wants to talk about what's going on but can't because of NDAs, it significantly increases the risk. I know Tom wants to talk frankly but hasn't been able to do so in the past. Now it seems that relationships are progressing to a point where they'll speak for themselves, and that's a very good thing,
    5 Jun 2013, 10:16 AM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    Always appreciate the comments JP! Let's hope that the investors from the last fund raising are not hot money!
    5 Jun 2013, 10:28 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >JP ... As has always been the case, the question is when.

     

    A lot of damage can continue to be done while we wait which makes the good news that much less good. My view is all the present applications feel like they are waiting on the success of "Customer No. 1" (whoever that might be) and Mr. Market waits for signs of growth beyond New Castle. One or the other public demonstrations of confidence would help a lot. Until then we stare at the curtain.
    5 Jun 2013, 10:36 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    I understand the frustration, tedium and powerlessness all too well. It's easy to play doctor and describe a cure for what ails us. Delivering the needed medicine is a bigger challenge.
    5 Jun 2013, 10:57 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    OffT, but then there's not a whole lot right now we can discuss OnT, :

     

    http://bit.ly/13FsnUk

     

    don't know how competent the source is, but I'm always rooting for anything that might help beat back low-information hysteria.. (though undoubtedly, sometimes I'm in that crowd myself)
    5 Jun 2013, 11:08 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2424) | Send Message
     
    How about a Regulation FD disclosure with the Marcum presentation?
    5 Jun 2013, 11:18 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    Well yeah, that would be nice... along with total consciousness on my deathbed. Both will probably arrive about the same time. And maybe a Fresca. Cinderella story. Gunga. Gunga-Galunga.

     

    Party on Wayne...
    5 Jun 2013, 11:26 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Sam the janitor got a copy of the Marcum presentation from the waste paper basket but his silence was bought with a cronut and a cup of joe. Hard to beat that.
    5 Jun 2013, 11:31 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    I may be taking up janitoring soon.
    5 Jun 2013, 11:45 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2424) | Send Message
     
    Not that it makes any difference, but last month, ZBB presented the following:

     

    "Overview of Control Techniques from the Gate Driver Level to the Transmission Level for Energy Storage Applications" at the Electricity Storage Association's (ESA) 23rd Annual Conference, May 20-22, 2013 at the Santa Clara Convention Center in Santa Clara, CA.

     

    I have also been trying to get a copy of that presentation, to no avail.
    5 Jun 2013, 12:19 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    The recent cap raise investors know the liquidity here is thin, and that we can calc an estimate of their cost basis, which for the 1st round of shares, measured now, is prob about 22 cents or so. They will have to be light on the selling pressure, or risk losing a lot of money quickly--that 15% cushion can disappear in a day, as we've seen in the downdrafts to 20 cents. Not in anyone's best interests--theirs, yours, Axion's.

     

    Gonna be very interesting to see how the next couple of months plays out.
    5 Jun 2013, 12:32 PM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    Good point, Mr.I.

     

    Of course, much depends on whether they are looking to sell, or looking to buy... And why.
    5 Jun 2013, 01:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    06/04/2013: EOD stuff partially copied from instablog (up later).
    # Trds: 32, MinTrSz: 300, MaxTrSz: 10000, Vol 77889, AvTrSz: 2434
    Min. Pr: 0.2605, Max Pr: 0.2719, VW Avg. Tr. Pr: 0.2665
    # Buys, Shares: 10 28889, VW Avg Buy Pr: 0.2700
    # Sells, Shares: 22 49000, VW Avg Sell Pr: 0.2645
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.70 (37.1% “buys”), DlyShts 30500 (39.16%), Dly Sht % of 'sells' 62.24%

     

    I've been wondering if we might have started another “grind up”. There's some similarities, but some differences too, notably the steepness of the move up and the concerns in our market existing this time. Last time we were working with some positives, including a belief that the “big uglies” were gone. This time, nothing so positive is in play – only finally getting the capital raise done and the hint that development of an arrangement with a tier-1 battery supplier, instituted by BMW, began several months back. I've slapped up a cleaned up chart that will let you see why I suspect this, as well as get a visual of some of the channel lines that I talk about.

     

    http://bit.ly/1b417Bs

     

    On that chart, you can zoom in with both the usual click on the chart and, in Firefox at least, hit control and + to zoom in even further.

     

    No AH trade today.

     

    Yesterday I suggested that one of the expected moves might be a reversion to the mid-point of the Bollinger bands, ~$0.2627 yesterday. Today that would be $0.2642. The low, $0.2605 pushed past it but the VWAP was close enough. The nice thing about the low was that it was both small volume, only 5 trades for 6.5K shares, and it penetrated and bounced back (except for the closing trade, of course) above my rising near-term support, $0.2624 today, and the 50-day SMA, $0.2602. Since I felt that, for now, it would stay within my rising channel, this is good. It's important that the close, and I prefer the VWAP, continue to stay above this line to keep the up-trend intact.

     

    For now, the very low volume (especially on those $0.2605 trades) and bias of the trades, shown below, suggests that we're just doing a leg down within the rising near-term channel (purple trend lines on the chart I linked). We might putter around this level a while or immediately move up or down. With a slope of +~$0.0018/day we need to see the close (and lows?) stay approximately at or above $0.2642, $0.266, ... as we go forward. If we don't, another consolidation, or even a re-trace lower, are possible. We still have a possible support from a possible medium-term rising channel (blue trend lines on the chart I linked) whose support has yet to be tested. It rises $0.00109/day and will be ~$0.2374 tomorrow, then ~$0.2384, then $0.2395, ...

     

    Before I forget, our close would have been $0.2651 if not for one 1.5K trade at $0.2605 at 15:54:58. Must've been one of those I mentioned in a comment a while back - “sells too late”! ;-) Or if I let my TFH take control ... well, you know.

     

    The bid/ask movements today were more neutral than in a lot of prior days: bids had five increases and five decreases while asks had six and six. I think this is reflected in the very narrow range and price and volume breakdown:
    $0.2605-$0.2605: 006500 shares, 08.35% of vol, VWAP $0.2605, 100% “sells”
    $0.2650-$0.2699: 052500 shares, 67.40% of vol, VWAP $0.2660, b:s 1:4.25, 19.0% buys
    $0.2700-$0.2719: 018889 shares, 24.25% of vol, VWAP $0.2700, 100% “buys”

     

    The sellers hit the bid pretty hard below $0.27. But with such low volume today, I don't know that we should assign much weight to that metric. Add in the very small average trade size and low volume and I think it's just the old uncertainty kicking in - “Let's wait and see what happens next”.

     

    The daily short sales continue the trend of settling around an area I expected to eventually appear. I believe this will be the “norm” as long as we have MMs such as ARCA, CSTI, LAMP, CDEL, ... more active in our market. If we see ATDF as the predominate MM again, I expect the short sales would reduce again.

     

    As might be expected with today's action, my original experimental inflection points are weakening with four of the six periods, including the five and ten-day, weakening. The five-day change for those has a split of three and three and the rate of change over the five days has a similar split.

     

    My newer version is more pessimistic with all six periods showing increased weakness along with the five-day changes. The rate of change over the five days has all but the longest period showing increased weakness.

     

    I do want to emphasize that both versions are volume and buy:sell sensitive and changes under theses conditions should be not heavily considered in our thoughts.

     

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

     

    HardToLove
    5 Jun 2013, 08:52 AM Reply Like
  • dlmca
    , contributor
    Comments (316) | Send Message
     
    Sorry if I have missed

     

    Is there a date, place and time set for the annual meeting of shareholders
    5 Jun 2013, 11:32 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    IINM, I don't think it's been announced yet, though it does kind of seem like it's getting to be that time when they would. The not-quite-yet expired optimist in me wants to hope/think/believe that they're waiting on some good near-term development to occur before finalizing the sked and announcing. Obviously the whole event would be much more triumphant were it to take place on the heels of something good. But again, that's just my hope talking. If anyone's in the neighborhood, you're welcome to drop by and just shoot me.
    5 Jun 2013, 12:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Now that the registration statement has cleared the SEC I'd expect a proxy statement filing in short order. Given the way the SEC review process works, you never want to submit more than one major document at the same time. A "no review" decision on the registration statement increases the odds that the proxy will sail through with minimal delay, but there's really no way to predict these things with certainty. FWIW, proxy statements have higher priority than registration statements so even if there's a review it doesn't normally stretch out for months.
    5 Jun 2013, 12:16 PM Reply Like
  • axion-nl
    , contributor
    Comments (121) | Send Message
     
    John, do you think the presentation from last thursday will be held private? It's taking Axion a lot of time to put this thing on the website....
    5 Jun 2013, 11:49 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Were I making the decision I would have promptly posted the Markum presentation because the one on the website is a 2011 vintage document. Since Tom is typically very careful with what he says, the odds are pretty good that the new presentation does not rise to Regulation FD levels because the hard information has already been disclosed.
    5 Jun 2013, 12:21 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2424) | Send Message
     
    JP - I am not saying that there were any violations. However, if mgt reads this forum as has been communicated here, its kind of a smack in the face.

     

    NJB - just for you - "wah"
    5 Jun 2013, 12:23 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    I don't disagree. It's possible that counsel didn't want Internet disclosure until after the registration statement was declared effective, but as far as I'm concerned they're burning goodwill with each days delay.
    5 Jun 2013, 12:25 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    More someday stuff.

     

    New Rechargeable Battery System Developed for Smart Power Grids

     

    "The system performs similar to a lithium ion battery, but at the price of a conventional lead acid battery per delivered kWh. They are also safe, non-toxic, recyclable, and operate without capacity loss for many years and without the need for special handling or cooling equipment."

     

    http://bit.ly/10YO280
    5 Jun 2013, 12:06 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    Energy storage market: partner or perish
    http://bit.ly/ZOYRym
    Lux says storage companies should look for big-pocket partners who have channels to the market. And I say utilities should look for the same thing when choosing vendors. It's fine to work with a bright startup with breakthrough technology. But make sure the firm is partnered with industry stalwarts for the balance of system or for marketing or for both. That's your best guarantee that you'll still have the support you need five years down the road. - By Jesse Berst
    5 Jun 2013, 12:32 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    Capstone Follow-On Order for 10 Microturbines Signals Smooth Sailing for Super Yachts

     

    CHATSWORTH, Calif., June 5, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (http://bit.ly/Ts2ikx) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, expands its presence in the marine market with a follow-on order of 2 C65 and 8 C30 Capstone Microturbines from German based Microturbine Marine Energy (MME), which recently entered into an original equipment manufacturer (OEM) agreement with Capstone.

     

    http://bit.ly/10YSMdQ;highlight=

     

    What we got with the microturbine was exactly what we dreamed of," said Siegfried Steiner, Lethantia's owner and MME CEO. "This system provides responsible yacht owners sustainable energy without compromise to the comfort and enjoyment of the onboard experience."

     

    "I had great hopes of what might be achieved with a microturbine system, but the results totally exceeded my expectations," he added. "There is absolutely no vibration, no exhaust noise, and no smell. It's almost like operating continuously on batteries without the need for recharging. I feel I have finally come back to the simple pleasures and tranquility of sailing as it used to be." (Click here for a video about this project.) link to video>> http://bit.ly/10QdDDw
    5 Jun 2013, 12:48 PM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    Somehow, the word "sustainable" attached to a 144ft luxury schooner strikes me as absurd.

     

    http://bit.ly/10QoSf9

     

    And what liquid are they burning in that turbine that is so sustainable?
    5 Jun 2013, 01:34 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    SMaturin: If they really wanted sustainable, they'd but a bio-digester in the basement of the "head" and run the MT of that methane instead of dumping the "product" overboard as is likely done now.

     

    Of course, a very large crew or lots of "flushing agents" (pun intended) would be needed to produce in quantity.

     

    HardToLove
    5 Jun 2013, 01:41 PM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    HTL,

     

    I would not volunteer to be the "engineer" on that yacht.

     

    Oh dear, what a day, descending into scatological humor already.
    5 Jun 2013, 01:48 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    Thanks WTB. Anyone have a sense of how much $ will be saved by using a microturbine vs. the alternative in a marine application such as this?
    5 Jun 2013, 02:19 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    D Lane: ISTR that a couple of (CPST) presentations had a TCO comparison that reflected favorably on Capstone, but I can't seem to locate them ATM.

     

    The big savings come in the 8K+ time before overhaul and a very low cost of that, along with no oils, lubes ... during yearly maintenance, which is just replacing filters.

     

    When the new units with the austinetic materials and CFD designed turbine and case with better flow and sealing comes available, it should get even better as the efficiency will bump up a couple points.

     

    The first unit s/b a C-250, replacing the C-200. The a compound unit with high and low-pressure circuits, the C-370, will bump it some more, especially in high-density-altitude situations and/or where a wide variation in power needed exists.

     

    HardToLove
    5 Jun 2013, 02:46 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    Thanks HTL. Is there material savings on fuel vs. a diesel engine?
    5 Jun 2013, 04:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    D Lane: I don't recall seeing anything definitive. There's a basher on one board that always claims fuel use is higher with the MT, but I can't see what he bases the claim on. In a pure MT vs. diesel IC in typical over-the-road applications, I would think the IC should win as the MT is happiest running steady-state at peak efficiency. There's losses if it must be constantly spinning up and down into and out of lower and higher efficiency ranges.

     

    That's one place the C-370 might help - I can envision the low-pressure circuit running constantly at maximum efficiency and the high-pressure circuit running at "lean idle" mixtures and speeds, or even much slower, when the power from that circuit isn't needed. Then "spool up" would be a much shorter time, with less waste.

     

    I think something like the ePower set-up would be ideal to allow longer times with either/both circuits at peak efficiency. Maybe then it could beat traditional IC. But I really don't know. In a true multi-stage turbine (multiple compression stages) higher efficiencies are possible. And if it were axial-flow, rather than radial-flow, that would add a great deal of efficiency. But axial-flow is *much* more expensive to manufacture. Capstone's "compound" unit will accomplish some of the higher compression of a traditional multi-stage compression unit at a much lower price point.

     

    HardToLove
    5 Jun 2013, 04:36 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    >the MT is happiest running steady-state at peak efficiency

     

    Must be why companies such as DesignLine and Wrightspeed have used CPST for series hybrid applications. A DesignLine city bus tested by the FTA did return the highest combined fuel economy that I've seen--but not by much. (It no doubt helps that the turbine gets turned on and off, depending on the state of charge of the battery packs). So far that bus is still unproven in daily use and has unusual limits on top speed. I suspect battery limitations.
    5 Jun 2013, 05:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    I see by the posting time, SMaturin, that you may be coming off a three-martini lunch, so scatalogical would be expected, no? ;-))

     

    Since I don't drink any longer (lost it's allure for some reason when I turned "legal"), I don't have any ready excuses. :-((

     

    HardToLove
    5 Jun 2013, 05:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    D Lane: top speed could also be a function of the selected turbine: C-30 vs. C-65, e.g. If the 80% driving scenario only needs the power of the C-30 and batteries for that, economy would suggest springing for a C-65 wouldn't be optimal.

     

    An issue with the C-370, I think, in such a fixed bus routes will be the price point. The C-370 will be justified only by more rigorous demands than, say, a fixed route on predominately flat ground and/or very low top speeds on the route and frequent stops.

     

    MHO,
    HardToLove
    5 Jun 2013, 05:33 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Well there you have one SiHB.

     

    Westport launches LNG tender product for locomotives; Canadian National Railway orders four

     

    " Westport Innovations Inc. launched a liquefied natural gas (LNG) locomotive tender product solution with an order for four tenders from Canadian National Railway (CN); CN is currently testing two Electro-Motive Diesel locomotives converted for operation on natural gas. (Earlier post.) The first tender to supply fuel to an adjacent natural-gas powered locomotive will be delivered in the fourth quarter of 2013.

     

    Westport is collaborating with INOXCVA, a leading manufacturer of cryogenic transportation equipment, on these tenders. Westport and INOXCVA have entered into an agreement for cryogenic systems to be able to rapidly meet the near-term demand in the rail industry."

     

    http://bit.ly/15JVKqL
    5 Jun 2013, 01:58 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... What's old is new again. Or is it, third time is the charm.
    5 Jun 2013, 02:23 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    DRich, Time will tell. One things for sure. With all the NG available they sure have incentive.
    5 Jun 2013, 03:03 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... Until NatGas hits $6.00. I shutter to think of that tender being involved in a serious wreck and hope to God it is not in a populated area. Might make sense (sorta') in open country.

     

    Batteries should work out to being a better deal for the money ... if some railroad would just give the right one a try. I continue to hope but it seems fielding a potential bomb requires less rigor because it has been done, successfully, before.
    5 Jun 2013, 03:22 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    DRich @ 0.29. :(

     

    http://bit.ly/13lK4JO
    5 Jun 2013, 03:31 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... Nice picture and I'm glad I was nowhere near.

     

    The other thing to think about (and most cheerleaders don't) is the fact that NatGas has about 35% less energy per equivalent unit volume along with the added expense of liquifying, storage, evaporation & transportation which is roughly $2-3 above the headline NatGas quote.
    5 Jun 2013, 05:39 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Thanks DRich. Yeah, I realize the infrastructure isn't in place for LNG yet and it costs money. It'll come so the energy company can get world market prices for their efforts. I did review the trial they did with CNG in Long Beach for a yard loco and it was basically a disaster. But this was also partially because it was managed by the government there. They seemed pretty inept although there were challenges as well.
    5 Jun 2013, 06:13 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... Here are some descriptions of probably the most famous last all out attempt when NatGas was all the rage for future fuel on the rails back in 1987 to 1992. The first is basically a PR piece that explains the system in the best light to the public. It was focused on dual fuel because of the low energy content of NatGas. A diesel extender.

     

    http://bit.ly/JOTUZd

     

    Next is a simple description of the system (still dual fuel, 1993) and components as built from the designer.

     

    http://bit.ly/11lVhH9

     

    I still don't know what I did with the actual BN evaluation report of field trials and if I ever find it I'll post it. Nutshell, BN liked it but not very well. NatGas didn't return ROI like thought, complicated operations, required added personnel and cities along the way wanted to reroute it. I have the BNSF results from a 2002 trial but it's too techy, lengthy, pulpy & dull. Bottom line they still weren't thrilled. In lieu of that I'll link the Railroads opinion paper from 2007 to the regulators describing the history of Alternative Fuels projects in the recent past and reasons the industry doesn't want NatGas.

     

    http://bit.ly/JETnyj

     

    If we pay them, they will test it ... again ... just not likely to use it much. At least the system is designed and just needs updating to modern material specs.

     

    Kinda' boils down to the Railroads will use diesel until it becomes impossible to use and shun the alternatives, but do want to extend the mileage & lower cost. For the past 125 years the dream has been to use a cost effective battery yet they have always failed. If only there was a battery that could do the job the Railroads need done. Maybe someday such a device will become real.
    5 Jun 2013, 07:24 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Thanks DRich. Reading material for tomorrow while the market gyrates
    5 Jun 2013, 07:41 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Why do u guys think we're only hearing about the PbC for rebuilds by NS? Why not any word from loco OEMs and other RRs?
    6 Jun 2013, 01:09 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    In prior conference call discussions about NS, Tom obliquely hinted that NS had some sort of exclusivity at the outset that was at least partially lost because of missed deadlines on their part. That opened up an opportunity for Axion to start talking with others in the industry. That being said, railroads are odd ducks because they're not truly competitors because there's so little route overlap.

     

    Technology development projects like the NS 999 are very costly and spending quickly ramps into the millions. To help control costs and avoid reinventing the wheel, the most common dynamic is to see one of the big four take the lead on a project with the idea that they'll license successful results to the others on reasonable terms. It's exactly the same thing you see in automotive where an OEM like BMW takes the lead and spends the money and others join as development progresses or follow when it's complete.
    6 Jun 2013, 06:13 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    A solutions map would be helpful, like what Lux does:

     

    The loco manufacturers, like GE -- x, y, z
    The loco rebuilders, like NS -- a, b, c
    etc.

     

    Anyway, from what I've seen, the bad things for a company like Axion trying to crack into the RR equipment industry are that it's insular and only slowly evolving. The good things are that that means the equipment solutions that get adopted probably tend to be widely adopted and sticky. There's that binary outcome thing again, lol.
    6 Jun 2013, 10:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Nobody around here would suggest that NS has done anything with blazing speed. Instead they've been painfully slow and deliberate. While many fear that the slow pace is indicative of intractable problems, I view it as proof that the solution is working the way NS wants it to, but each step along the path gives rise to new questions that need to be answered. After years of expecting OEMs to move faster, I've adopted a "no news is good news" outlook because the one thing I know for sure is that an OEM will rapidly jettison something that doesn't suit its needs. A "YES" may take forever but a "NO" always comes quickly.
    6 Jun 2013, 11:40 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Perhaps we should just start numbering our responses, in the header to each Concentrator, since they're repeated so often. Here's my number 3:

     

    Time matters. The stock price was as high as $2.50/share in 2009 when there was only 26mil shares outstanding. All the delays means we're well on our way to 6-8x those shares at 1/10th the stk price.

     

    New one, let's say number 17:

     

    Even with years of effort, you can be skipped. Rosewater's not using the PbC in their Hub.

     

    http://bit.ly/15EBYvU
    6 Jun 2013, 02:28 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (775) | Send Message
     
    Hi Mr John!!

     

    Another possibility, considering the excellent results that are providing PbC-batteries testing:
    We could speculate that NSC changed Swith to OTR loco.?

     

    Feliz día-Carlos
    6 Jun 2013, 04:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    I don't want to assume anything when it comes to NS. They clearly want to keep what they're doing as quiet as possible because of the failure they had with the original NS 999. I personally think they're overdoing it when it comes to erring on the side of caution, but they haven't asked for my advice and counsel.
    6 Jun 2013, 04:33 PM Reply Like
  • Amouna
    , contributor
    Comments (1379) | Send Message
     
    KNDI seems to be having one hell of a day...
    Hopefully our turn comes when Axpw flies 50% in one day...
    5 Jun 2013, 02:54 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (836) | Send Message
     
    I think a 50% up day is well within the realm of possibility. That's why I've not been trying to time what I believe will be an eventual upturn. I think an upturn has the potential to happen (almost violently), and with my luck, it would be just the day I wasn't on the ball. And with my luck, I would then decide to hold off, and get in when it "corrected", only to be caught by another upsurge the following day. I sleep much better knowing I'm already fully invested and don't have to bother with the timing game.
    5 Jun 2013, 04:09 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    For the fuel cell interested. Interesting article and site.

     

    Why Fuel Cells for Telecoms Backup is a Good Call

     

    http://bit.ly/11lRv0l
    5 Jun 2013, 06:56 PM Reply Like
  • Milhouse
    , contributor
    Comments (307) | Send Message
     
    OT Update

     

    Remember that guy trying to buy 2 minutes with the president to bend his ear about electric cars? Didn't work.

     

    http://abcn.ws/11ssrrI

     

    "Paul Scott, 60, was willing to do just about anything to get President Obama’s ear for a few minutes about his lifelong passion for electric vehicles.
    So the car salesman raised $32,000 by taking out money on credit cards and liquidating stock that constituted much of his life savings to attend a June 7 Democratic National Committee fundraiser the president plans to attend in California.
    The only problem: He blogged about it. And the ensuing publicity prompted the DNC to say thanks but no thanks to his contribution."

     

    15 minutes of fame expired :(
    5 Jun 2013, 07:26 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Milhouse, It's "kiss and tell". Order matters! ;)
    5 Jun 2013, 07:40 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    See what happens when people don't respect their NDAs?
    5 Jun 2013, 07:46 PM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    how does it go? God protects fools, drunks, and the United States of America? By my lights this case was a two-fer. Am sorta glad he didn't blow all his money by throwing it into the maw. But I can kinda feel for him; the treatment seems shabby--though sounds like he got a bit of education out of it hisself too...
    5 Jun 2013, 08:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Most times when you get an education involving money you don't get to keep the money.
    5 Jun 2013, 08:06 PM Reply Like
  • JohnM121
    , contributor
    Comments (341) | Send Message
     
    This 60 year old, who may have been working for 40 years, has a net worth of a common new car. He has an idea that if only the president knew, it would change the future of electric cars. It has to be PBC and he is an Axionista.
    5 Jun 2013, 09:41 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    JohnM, I give you a big thumbs up. And a well deserved, BE careful with your info. We are, unfortunately, a society of far too much...filth.
    6 Jun 2013, 12:21 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    We're number one(2)! WE'RE NUMBER ONE(2)!

     

    The new "No conglomerate left behind" program.

     

    "Siemens is currently installing the first Sitras SES (stationary energy storage) Energy Storage Unit with supercapacitor technology in the US on the new TriMet Portland-Milwaukie Light Rail Transit Line. The southeast Portland Tacoma substation location will house the first US storage unit that allows for energy created during braking to be stored and then re-used in one of two applications: energy savings or voltage stabilization during peak demand times. TriMet will utilize the system in voltage stabilization mode."

     

    http://bit.ly/15N73OI
    6 Jun 2013, 07:42 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... Another PbC capable project lost. First Philly. Now this. Makes a person wonder what won't be next. Sigh!
    6 Jun 2013, 07:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    The canary in the gold mine shaft is going to be the large Western miners (already discussing closing down high production cost mines) and the smaller projects, which will get shelved. Larger projects will go ahead, but with their transmissions set in low gear...

     

    The price has been established just above the industry average production cost, and should it persist in that trading channel as OG mentions, "talk" of closing down mines and mothballing projects will turn into "reality", at which time supply constraints start to drop into place. What's unclear is the key element, ie, timing.

     

    The next wedding season in the Middle East and India will be a key factor, a likely inflection point for demand (which has been held down in recent years by high gold prices and punitive, new government taxes). Lower prices should boost demand in the usual, natural way, but I suspect the Indian government (hungry like all governments for revenue to feed their own crony capitalist/socialist expenses) will move again to pile up more taxes, dampening the demand. Much depends upon just how stupid/greedy the government gets. I believe its not a question of whether or not they will raise taxes, but how high.

     

    China was officially supportive of PM accumulation of its populace under the old 10 year government, but the new government could shift policies IF they see advantage for their plans. China's government is looking to greatly increase their gold reserves, so they are buyers, but they have backed away from buying gold at anything close to market prices (India's IMF purchase a while back put quite a kink in China's IMF gold plans). Will China decide the lower prices are attractive, and start to restrict their citizen's access to gold?

     

    This brings us back to the gold production side of the equation. China (as a major producer of gold) is in the position to both keep all of their producing mines open and growing, and keep prices cheap (or even put pressure on prices, driving them down further). This policy COULD fit neatly with the government's plans to accumulate a large gold reserve at cheap prices...

     

    Obviously, this sort of maneuver will be easily seen once it becomes fully involved in the markets. For instance, when Western high cost mines start to close, and yet we hear nothing from Chinese miners with similar problems...
    6 Jun 2013, 08:03 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    Oops, sorry, I posted this to the wrong concentrator. If the moderator wants to delete it, that would be fine.
    6 Jun 2013, 08:37 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    DRich, That's what I thought as well. Ugh!
    6 Jun 2013, 10:22 AM Reply Like
  • Futurist
    , contributor
    Comments (2128) | Send Message
     
    I was surprised at the market action for KNDI yesterday.

     

    The stock has a normal volume of 40,000 shares. Once in a while it will have several hundred thousand shares traded. Yesterday, 18 Million shares traded. The stock opened up from $4 to $6. Rose to $6.50 and closed at $5.50 ( round numbers). What caused the sudden uptick?

     

    A news announcement that was not news to the long suffering shareholders that follow the stock on a daily basis. Wall Street Journal reported that the EV they jointly make with Geely automotive would qualify for government incentive. Nice news but KNDI already has seven EV models that qualify. A small article appeared in China that reiterated the EV leasing plan was continuing. Not exactly a barn burner. But a stress reliever for some.

     

    But the stock popped anyway. The price went above $5. Mutual funds can now purchase. All is well. And out of the woodwork comes 18 Million shares that were traded.

     

    I bring this up just to remind everyone what one little catalyst can do for a small companies stock. Sometimes following to closely blinds one to the bigger picture. Imagine if you were a wall street journal reader and for the first time you read about a small EV company that has teamed up with China's largest passenger car manufacturer, and the government likes your vehicle. Plus its an EV company that makes money building go carts.

     

    What if a WSJ article comes out that says:
    Axion has teamed up with BMW to make a special battery for the next generation of BMW cars. This battery allows more complicated electronics to be put on vehicles and allows the new gas saving techniques to be implemented by auto manufacturers.
    Axion is working with other auto manufacturers also.

     

    It wouldn't be news to us. But the rest of the world. A big deal.
    6 Jun 2013, 08:36 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Futurist ... News & stock action like that in Kandi (KNDI) can be good for a whole sector. Sometimes it spurs Mr. Market to go looking for other things that might have been overlooked. Should Axion be so lucky as to be found.
    6 Jun 2013, 09:56 AM Reply Like
  • Futurist
    , contributor
    Comments (2128) | Send Message
     
    Drich,
    I understand what your saying. It might have helped Axion if Kandi/Geely used the PbC in their new Panda vehicle. Well, not just yet. I'm anxiously awaiting the results that State Grid obtains in using the leased batteries for grid smoothing, etc. I have often wondered if the PbC might not be perfect for the KNDI battery swap model. They use flooded LAB's and lithium. I bet they would love to test the PbC.

     

    Since KNDI is a registered stock on an American exchange it might provide more protection for the IP than other Chinese companies.
    6 Jun 2013, 10:05 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Futurist ... I wasn't really making reference to whether Axion's PbC was or wasn't used in Kandi designs just about a general sector search by Mr. Market for overlooked battery tech that could be used in transportation and is presently undervalued. I don't think Axion would be much interested in modifying its battery case & electrodes to fit a Kandi battery but a PowerCube, behind the meter, sitting there to recharge car batteries and take advantage of China's iffy grid supply might be a fit. Just not very likely.
    6 Jun 2013, 10:27 AM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    06/05/2013: EOD stuff partially copied from instablog (up later).
    # Trds: 60, MinTrSz: 100, MaxTrSz: 11000, Vol 218283, AvTrSz: 3638
    Min. Pr: 0.2530, Max Pr: 0.2601, VW Avg. Tr. Pr: 0.2594
    # Buys, Shares: 12 53418, VW Avg Buy Pr: 0.2600
    # Sells, Shares: 48 164865, VW Avg Sell Pr: 0.2592
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:3.09 (24.5% “buys”), DlyShts 72968 (33.43%), Dly Sht % of 'sells' 44.26%

     

    Referring to the cleaned up chart (updated) that I put up, yesterday I said “We might putter around this level a while or immediately move up or down. With a slope of +~$0.0018/day we need to see the close (and lows?) stay approximately at or above $0.2642, $0.266, ... as we go forward. If we don't, another consolidation, or even a re-trace lower, are possible. We still have a possible support from a possible medium-term rising channel (blue trend lines on the chart I linked) whose support has yet to be tested. It rises $0.00109/day and will be ~$0.2374 tomorrow, then ~$0.2384, then $0.2395, ...”.

     

    Today we closed at $0.2585, below the $0.2642 we needed to hold today for the rising channel delineated by the purple lines to remain in play. If we don't close at $0.266 or better Thursday, a break out of that channel will be confirmed. In that case ...

     

    It looks like we would be going to do something I suggested 5/31 when I said, referring to the channel marked by the purple lines, “I've got a potential rising trading channel $0.0225 wide that rises $0.008/week. It's early yet and I'd like to see the support tested once more, but it does look promising. It's range through Friday was ~$0.256 - ~$0.2785. Being as tight as it is, it would be very easy to break out either way, so I wouldn't hang a lot of decisions on it. We need it to expand enough to actually make some legs up and down where we can see “waves” and this channel will not be that channel”. This last sentence may describe what will happen.

     

    If we close below the $0.266, which I seems likely, I think we move on down to the potential wider rising channel's untested support, marked by the blue line. Thursday and Friday this would be ~$0.2384 and $0.2395, respectively. With the volume higher on today's move down it's not unthinkable that we would hit that untested support line that quickly.

     

    However, we did stop short of my experimental lower Bollinger at $0.2517. If that was a “close enough” bounce, we might see some recovery in price today. Just have to wait and see.

     

    Average trades size moved back into the low end of what I believe is retail trading. Buy:sell remained reasonable, considering the downward price pressure with higher volume today. Daily short sales percentage continues in what I believe is a normal range. MACD weakened, as we would expect, but hasn't gone negative yet. Sans some improvement in the next day or two, I think it will go bearish on us.

     

    My original experimental inflection point calculations have five of the six periods going more negative and only the 10-day is still positive. Five of the 5-day changes have deteriorated and the average rate of change had five periods weaken. My newer version, as with yesterday, is more bearish with all six periods having a negative one-day change and only the 10-day is still above zero. The five-day change and average changes over five days are all more negative.

     

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

     

    HardToLove
    6 Jun 2013, 09:24 AM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    OOPS! Forgot SA would lose a tagged link. Here's the link to the chart.

     

    http://bit.ly/1b417Bs

     

    HardToLove
    6 Jun 2013, 10:24 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    This is just getting sickening.

     

    Johnson Controls to supply Li-ion batteries to power hybrid trucks as part of Department of Energy program award

     

    "About 120 work trucks, to be used by publicly owned utilities and municipal electric companies, will utilize advanced plug-in hybrid power systems by Odyne Systems, LLC, using Johnson Controls' batteries. Odyne, in conjunction with the Electric Power Research Institute (EPRI) and the South Coast Air Quality Management District of California, has been selected to participate in a $45 million dollar DOE grant."

     

    http://prn.to/190ZVCl
    6 Jun 2013, 10:48 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Only natural and expected that there will be lots more competition for Axion's trucking efforts. Just way too much progress available there, and the lithium-ion guys have a lot of unused capacity looking for a home.

     

    The hope is that the PbC will be the best solution for certain truck niches, like hopefully it will be for cars. For example, rebuilds, where low cost might be paramount? Sunbelt routes, where high ambient heat, combined with high heat from quick recharges, would fry l-ion? Northern routes, with low ambient temps, where overnight idling might freeze l-ion? etc.

     

    Also, time-to-mkt might be a huge competitive advantage. Can ePower get it's offering together before the big guys swamp the mkt? Fast and nimble is what small companies are especially good for.
    6 Jun 2013, 11:18 AM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    Only natural that Washington would want to throw some Lithium Love cash at the Teamsters Union, as well.

     

    http://bit.ly/11HjaYB
    6 Jun 2013, 11:49 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Mr. Investor & JP (maybe) ... Has ePower Engine Systems said anything about when sales beyond demonstrations might begin?

     

    IIRC, we are looking for a possible 10 trucks out of the shop & on the road this year. Maybe 20 next if things go well? As with all things Axion I think my hope & memory is way ahead of itself by a factor of years.
    6 Jun 2013, 11:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    ePower is still talking about 8 to 10 trucks this year with slightly larger six cylinder engines. That being said, they're deep into discussions with fleet operators who are talking about a much larger number of trucks to support a statistically valid fleet test. I spoke with Jay Bowman this morning and he confirmed my suspicion that while his OEM component suppliers were big fans of NDAs, his customers were ready to become his best salesmen if the trucks could deliver the promised economy.
    6 Jun 2013, 11:58 AM Reply Like
  • RBrun357
    , contributor
    Comments (779) | Send Message
     
    JP

     

    Would those 6 cylinder engines happen to be Cummins?
    6 Jun 2013, 12:03 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Axion would be a component supplier to ePower, I would think. Jeez, I hope they don't require an NDA, at least one that stifles good news.

     

    My vote is only symbolic, but I vote for fleet testing! What might the timing be on that? 2013? Fast and nimble. Say, 100 trucks (or would it be a lot more or less?) means $2mil to Axion's top line and a world of good pub.
    6 Jun 2013, 12:14 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Jay would prefer a Cummins solution if he can get them to sell ePower the components it needs. Until a supply agreement is negotiated and signed, however, it's more aspiration than accomplishment.
    6 Jun 2013, 12:16 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    SM ... Yep. That $45 million grant to JCI (probably with matching funds requirement) is pretty consistent with "partnership of business, government, and labor.
    6 Jun 2013, 12:35 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >JP ... I don't see why Cummins would care beyond knowing ePower wanted to use their engine to run a generator. It's just a part and they like selling engines. The only thing that might be a stumbling block would be if ePower wanted to advertise using the Cummins name, otherwise just ignore the engine maker and use the generic descriptor of "diesel". There is nothing really special about the engine used except for availability of parts and the customer base will recognize it.
    6 Jun 2013, 12:52 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    One would think that an OEM like Cummins wouldn't care who bought their engines and generators, but they apparently have their own due diligence process when a company like ePower comes along with an unconventional application like a series hybrid electric drive. It's just one more poof of the old adage that things are never a simple as they seem.
    6 Jun 2013, 01:00 PM Reply Like
  • RBrun357
    , contributor
    Comments (779) | Send Message
     
    DRich,

     

    Maybe Cummins was impressed with the demonstration ePower put on and they are attempting to see how they can join in the game with ePower! Who knows, the demo may have put a little shock wave through Cummins as they look into their future sales projections and envisioned lost sales to ePowered trucks! They may want to attempt to get ePower to utilize only Cummins engines as Axion has done with the PbC batteries.

     

    Plus, I believe that the Cummins name brings with it a lot of good will in future ePower advertising. My motorcoach has a Cummins engine and I am proud to tell others! ;-))
    6 Jun 2013, 01:16 PM Reply Like
  • greentongue
    , contributor
    Comments (700) | Send Message
     
    "Maybe Cummins was impressed with the demonstration ePower put on and they are attempting to see how they can"... bypass the ePower IP and corner the market themselves.

     

    While we would like to think businesses play nice, they don't actually seem to.
    6 Jun 2013, 01:54 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >JP ... Probably right. It's just that I know of a stationary backup generator brand that uses Cummins but you would never know it until you needed to buy a part. Parts are available from the OEM, of course, and the Cummins dealer if you go looking. No markings & nothing on it to give it away.
    6 Jun 2013, 02:07 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    DRich, More money in the spare parts. So the purveyor of the final product goes out of their way to make parts unique or to mask the name of the manufacturer. Or they make it so you can't get into it without breaking it. Planned obsolescence. Or my favorite, the special tool that you need to take it apart. You can do it yourself, you just need to buy this special tool that's marked up 1000%.

     

    A heck. I'll just stick with the lifetime guarantee from the Chinese manufacturer! LOL "Solong manufacturing"
    6 Jun 2013, 02:22 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >iindelco ... I just love those "special" tools required to fix my car. I've sat down many-a-day and had to fabricate those nuisance things. In my experience, the AMC Jeeps were the worst. It took at least 5 of those things just to take the nose off the motor without pulling it.
    6 Jun 2013, 02:32 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    3D printing to the rescue?

     

    Can wait till the "peer to peer file sharing Applications" just for those special car tools :-)
    6 Jun 2013, 02:46 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    There was a time, before Cummins Crosspoint Kinetetics took complete control from (I'm pretty sure) a company called Variable Torque Motors, that the predecessor to this brochure:

     

    http://bit.ly/13e5zun

     

    (as referenced here: http://bit.ly/ZSVZ3l )

     

    showed you the manufacturer for the Ultracapacitor and motor ... but not the controller (which bummed me because it was ZBB [their Tier division]. It eventually became a significant (and real!) part of their business that they have publicized a lot more lately. I first found out about it on a conference call when I asked about what Tier was doing not so long after they bought them, and the CEO actually gave me some real information, even though it was more of an engineering job at that point, but it was enough of a "shiny object" to distract the shareholders :-)

     

    Now, you can't tell who makes any of the parts, at least from the brochure, which I'm sure is how they like it ... easier to let companies fight for the contracts and choose the lowest bidder ... and oh yeah ... for continuous quality improvement :-)
    6 Jun 2013, 03:01 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    WTB, Great idea. Kinko's special tools. Faster than hanging out with DRich in a machine shop!

     

    ---

     

    XIDE- 28.80 million USD

     

    AXPW- 28.44 million USD
    6 Jun 2013, 03:12 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    Plug-in ????
    Large ???

     

    Johnson Controls to supply Li-ion batteries to power hybrid trucks as part of Department of Energy program award

     

    http://bit.ly/1b8Urly

     

    "MILWAUKEE, June 6, 2013 /PRNewswire/ -- Johnson Controls, the world's leading manufacturer of automotive batteries, will supply Lithium-ion batteries to power large plug-in hybrid trucks as part of a U.S. Department of Energy (DOE) electrification initiative.

     

    About 120 work trucks, to be used by publicly owned utilities and municipal electric companies, will utilize advanced plug-in hybrid power systems by Odyne Systems, LLC, using Johnson Controls' batteries. Odyne, in conjunction with the Electric Power Research Institute (EPRI) and the South Coast Air Quality Management District of California, has been selected to participate in a $45 million dollar DOE grant.

     

    ...

     

    Depending on use, Odyne's hybrid power system can enable large trucks to obtain fuel economy improvements of up to 50 percent compared to traditional diesel or gasoline engines."
    6 Jun 2013, 10:52 AM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    I believe Odyne Systems involvement means trucks that do more than just move down the road, e.g. bucket trucks that need power for a work application.
    6 Jun 2013, 01:26 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    Odyne info:

     

    Web Presence: http://www.odyne.com

     

    Facebook: http://on.fb.me/19MiCs2
    6 Jun 2013, 03:12 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    The Odyne take ...

     

    not a mention of JCI :-)

     

    Odyne Systems Wins Contract for Deployment of Plug-in Hybrid Medium- and Heavy-Duty Trucks

     

    The Electric Power Research Institute, with funding from the Department of Energy and the South Coast Air Quality Management District, grants contract that will further advance plug-in hybrid technology and accelerate the commercialization of large hybrid trucks.

     

    http://bit.ly/15EJQO3
    6 Jun 2013, 03:34 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Ioxus introduces new 1200F ultracaps; targeting micro-hybrid and start-stop systems

     

    http://bit.ly/11ndrbl
    6 Jun 2013, 11:10 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    ALABC lead-acid UltraBattery Civic hybrid surpasses 100,000 miles of fleet duty

     

    "An important objective of the project has been to benchmark the performance of the UltraBatteries manufactured by both Furukawa Battery Co., Ltd., Japan (Furakawa) and East Penn Manufacturing Co., Inc. (East Penn). Accordingly, UltraBattery packs from both Furakawa and East Penn have been characterized under a range of conditions. Resistance measurements and capacity tests at various rates show that both battery types are very similar in performance. Both technologies, as well as a standard lead-acid module (included for baseline data), were evaluated under a simple HEV screening test. Both Furakawa and East Penn UltraBattery packs operated for over 32,000 HEV cycles, with minimal loss in performance; whereas the standard lead-acid unit experienced significant degradation after only 6,273 cycles. The high-carbon, ALABC battery manufactured in Project C3 also was tested under the advanced HEV schedule. Its performance was significantly better than the standard lead-acid unit, but was still inferior compared with the UltraBattery. The batteries supplied by Exide as part of the C3 Project performed well under the HEV screening test, especially at high temperatures. The results suggest that higher operating temperatures may improve the performance of lead-acid-based technologies operated under HEV conditions—it is recommended that life studies be conducted on these technologies under such conditions."

     

    http://bit.ly/11HfZjx
    6 Jun 2013, 11:23 AM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    iindelco,

     

    Is the ALABC report good or bad for Axion?

     

    Thanks.
    7 Jun 2013, 07:19 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Jcrjg, I consider the fact that testing is going on for alternative LA chemistry batteries a positive. As we saw in the summary report
    Festein posted yesterday LAB's are still in the running for 14 and 48 VDC systems in automotive. Also NiMH/Lithium ion still have cost/technical challenges.

     

    So if, as indicated in the ALABC report, the Ultrabattery works thus far and the LAB with additives pretty much doesn't, does automotive stand with one hybrid LAB solution from one N.A. / one Japanese supplier? An inferior one to PbC based on what has been discussed here over and over. Remember the autos ideally like many suppliers and multiple solutions.

     

    I think BMW is assisting Axion in partnering for a reason and the reason is not kindness. There are clearly still open holes for energy storage solutions in a very cost sensitive auto industry that Axion could fill.
    7 Jun 2013, 07:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Anything that raises the profile of lead-carbon is good for Axion. The ALABC tests were conducted in a mild-hybrid, which is very different from and much smaller than the micro-hybrid market Axion is targeting. Besides, I know the chairwoman of East Penn and while they're participating in the ALABC tests, their principal target markets for the Ultrabattery are large format batteries for renewable power integration.

     

    A clear technological hierarchy is emerging in the lead-acid sector ranging from poor (flooded), to good (AGM), to better (Ultrabattery), to best (PBC). Axion's big challenges will be bringing down costs and teaching OEMs how to effectively deploy an entirely new class of battery technology.
    7 Jun 2013, 08:01 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    I've always thought Axion's biggest challenge was going to be how many children starve to death before the harvest. The question is who's going to be sitting at the table to reap the benefits? Clearly we can see the stress concerning this in Axionistaville with no early crops harvested. And to top it off someone pissed in the Rosewater. :(
    7 Jun 2013, 08:34 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    The crazy part is that Rosewater's biggest complaint was battery pricing and the new carbon sheeting process will probably cut that number by something on the order of 30%. Even with the old pricing, however, battery cost only represented about a quarter of total system cost, so the problem really wasn't Axion's to begin with.

     

    There are many applications where the PbC is a compelling value proposition for end users, I've never put the HUB in that category.
    7 Jun 2013, 09:15 AM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    All well and fine. Unfortunately the system cost was known early in the program before job one was even built. So IF price was the concern clearly at least one of the parties in this arrangement had their head up their &^% to have the relationship end at this phase as it has. It's embarrassing and shows very poor management skills exist at one or both organizations.
    7 Jun 2013, 09:27 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    Would note we haven't seen many (if any?) recent orders for East Penn's "large format batteries for renewable power integration" systems either ... at least in the US.

     

    Selling these kind of systems right now has got to be a challenging way to make a living ... at least till there's more data from demonstrations that utilities would demand and more clarity from the ISOs ... not to mention 50 states with differing energy policies.
    7 Jun 2013, 02:00 PM Reply Like
  • thotdoc
    , contributor
    Comments (1317) | Send Message
     
    Thanks for making my evening.
    7 Jun 2013, 10:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Someone bullish came in at 12:12-12:15 and took all the asks for 41.5K, VWAP $0.2593. May be continuing as asks being taken still 12:21-12:22 20K VWAP $0.2614

     

    HardToLove
    6 Jun 2013, 12:27 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Couple of bearish guys elbowing to the exit. Thru ARCA and NITE.

     

    I'm curious who they are, and if they're the ones showing up on the FINRA report and the bi-monthly short report, and if they're the potential big uglies that just invested.
    6 Jun 2013, 12:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    MrI: the sellers would be the source of the short flags. The buyers are just taking shares off the hands of those (potential short-causing) sellers.

     

    Just keep in mind that the *normal* seller who is not shorting may still cause a short flag as a market-maker that doesn't control those shares handles the sell order. If the shares are from the hands of new acquirers, a short also could be caused if the shares haven't yet settled into their accounts.

     

    All this is normal and not a "true short seller" as we think of them.

     

    HardTolove
    EDIT: It *is* ARCA and NITE MMs battling for top spot on the ask side.
    6 Jun 2013, 02:25 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    ARCA and NITE still dueling to get out. Their asks get hit, then they reload, sometimes at even lower prices. Over 540k shares traded today so far--lots 'o selling.
    6 Jun 2013, 03:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    MrI: Fortunately, there's also lots of "buy"ing: 1.82:1 (63.8% "buys").

     

    I'm beginning to wonder if some of this is the MMs (well-capitalized ones - NITE, ARCA, CDEL, ...) just playing here for fun and profit. I see all of them on both sides at various points, although seldom near the top of the lists on both sides at the same time.

     

    HardToLove
    6 Jun 2013, 04:41 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Honda Malaysia boosts aftersales for IMA hybrid batteries

     

    "Today, the company has announced a further extension of its IMA battery warranty cover to eight years unlimited mileage and it has gone as far as retrospectively applying it to vehicles bought since January 2011. Previously, Honda had offered 5-year / 140,000km battery warranties for the Insight, CR-Z and Jazz Hybrid, before upgrading the package further to 5-year unlimited-mileage for the Civic Hybrid and 2013 CR-Z."

     

    http://bit.ly/19M5KCs
    6 Jun 2013, 01:34 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    Is BYD Positioning Itself to Replace A123 in Lithium Starter Battery Market?
    http://bit.ly/11HwCvE

     

    There is a lot of speculation about micro-hybrid batteries in this article. Not sure its been shared here before. It may be of interest.
    Both JCI and BYD figure prominently.
    6 Jun 2013, 01:38 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2463) | Send Message
     
    Rosewater selected for microgrid project. PbC not being used.

     

    http://bit.ly/15EBYvU
    6 Jun 2013, 02:34 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Mr Investor ... I guess Axion & Rosewater have, indeed, parted company. I definitely would like to know the particulars ... product or personality (?). Just another known unknowable to go into the closet with the rest of the stuff.
    6 Jun 2013, 02:40 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    This info on Rosewater actually making a sale--but not of PbC--is striking. Not sure what to make of it--could be a lot of reasons why. Perhaps they were not needing a rapid cycling battery? Lithium ion and sodium sulfur were chosen. I believe the latter is an energy battery--as opposed to power.
    6 Jun 2013, 02:48 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    Wouldn't you love to know who is "manufacturing" them for Rosewater?

     

    Wonder how the UL certifications work with using varying battery types ... or do they somehow make the battery "external" now?
    6 Jun 2013, 03:15 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    D Lane, That Rosewater stripped Axion from their site before this kinda says it all. I think it's more than just a technology difference issue.

     

    I agree with DRich. We'll hear nothing about it.
    6 Jun 2013, 03:16 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    DLane, if you go to http://www.rosewater.com you will find no mention of AXPW on their site. Everything to do with Axion has been removed.

     

    The PbC probably has limited use in grid apps IMO. Most apps will need energy storage, not fast charge/discharge. There are places where the PC will fill a niche.

     

    This installation has GE Durathon wrote all over it. We can expect more of this in the future. If the PbC had been the best for grid storage GE would have bought AXPW instead.

     

    The sad part is that another AXPW partner has abandoned them. How much business is lost only time will tell. IMO, burning bridges is always a bad thing.
    6 Jun 2013, 03:29 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2057) | Send Message
     
    NGK http://bit.ly/11HJEt5 is the only producer of sodium sulfur batteries that I know.
    6 Jun 2013, 03:30 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1823) | Send Message
     
    I really have to wonder how or why they would choose to go with lithium ion over PbC in this application.

     

    Unless customers are still caught up in the lithium hype that they're insisting on it despite its cost disadvantages.

     

    Or maybe the battery-maker is providing the battery at some special, below-cost price below where Axion is willing to go.

     

    D
    6 Jun 2013, 03:34 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1333) | Send Message
     
    "I really have to wonder how or why they would choose to go with lithium ion over PbC in this application."

     

    In order to offer the PbC they would need a supply and at this point it might not be available to them. I would hate to speculate on this one...
    6 Jun 2013, 03:45 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2283) | Send Message
     
    My money's on Electrovaya ... and the "hometown Canadian" pluses ...

     

    and their "new and improved battery doesn't hurt:

     

    http://bit.ly/15EKSti

     

    Their news archives aren't bad:
    http://bit.ly/10TwQV1

     

    Including a ferry or two ...

     

    See also (early 2011!)
    Electrovaya Selected by US. Utility for Grid Scale Lithium Battery Energy Storage System

     

    http://bit.ly/15EKQSk

     

    ...

     

    "Electrovaya is a publicly traded company listed on the Toronto Stock Exchange (TSX: EFL). Its head office is in Mississauga, Ontario and its US headquarter is in Saratoga County, New York. Additional information is available at http://www.sedar.com.

     

    Electrovaya became a public company in November 2000 with a listing on the Toronto Stock Exchange under the symbol EFL. Prior to its public offering Electrovaya had been a research and development company co-founded in 1996 by Dr. Sankar Das Gupta and Dr. James Jacobs. "
    6 Jun 2013, 03:46 PM Reply Like
  • D Lane
    , contributor
    Comments (1175) | Send Message
     
    Good points, LT and Rick. I believe Sodium sulfur and Durathon are "sister technologies" using molten sodium.
    http://bit.ly/19MpWUF

     

    As for Rosewater, JP has hinted at a disagreement with Axion but said that the problem was not technical.
    It may be that Rosewater discovered few who were willing to take a chance on an unproven technology from an unproven company.
    6 Jun 2013, 03:49 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2057) | Send Message
     
    LT > GE Durathon is sodium nickel http://bit.ly/OvFsqH, not sodium sulfur (NGK)

     

    A dual chemistry solution makes sense to me. A fast acting power battery, such as PbC or Li, together with a larger energy battery, such as NaS, NaNi, lead gel, or ZnBr.
    6 Jun 2013, 03:49 PM Reply Like
  • big_bear
    , contributor
    Comments (47) | Send Message
     
    I was never a big fan of this segment of the market for Axion.

     

    The fact that another partnership dissolved doesn't give investors confidence.
    6 Jun 2013, 03:59 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    iind ... Axion still mentioned in some historical press releases on the Rosewater site. But, where the HUB is concerned I am not surprised in the least that other battery chemistries are getting first call on residential storage. I've been expecting it since release of http://bit.ly/13JbIiT
    6 Jun 2013, 05:17 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    DM, Rosewater has no relationship with AXPW now. That relationship is history. Everything to do with AXPW has been removed from Rosewater's site.
    There is no reason to speculate on any sales of PbC by Rosewater.
    6 Jun 2013, 10:10 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    That's what they are doing Rick. The 2 battery system.
    6 Jun 2013, 10:12 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    "Everything to do with AXPW has been removed from Rosewater's site."

     

    http://bit.ly/112IuJE
    6 Jun 2013, 11:02 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    D'Mc: Research would most likely show taxpayer funds (OPM) and some form of crony capitalism.
    7 Jun 2013, 11:39 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1333) | Send Message
     
    "DM, Rosewater has no relationship with AXPW now. That relationship is history. Everything to do with AXPW has been removed from Rosewater's site. There is no reason to speculate on any sales of PbC by Rosewater."

     

    Just a reminder, the principals at Rosewater are still heavily invested in Axion and would still like to see the PbC succeed. However, I agree there appears to be no reason to speculate on sales from RW...
    7 Jun 2013, 02:09 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Tim, how do you know they are still invested heavily?
    7 Jun 2013, 04:04 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Tim Enright ... I would think that if Rosewater principals had any interest in Axion in the past it is long since over.
    7 Jun 2013, 04:12 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1333) | Send Message
     
    I noticed the absence of Axion on the RW web site several weeks before it was reported here so I called them on the phone and they said that they have significant interest in Axion and would like to see them succeed...
    7 Jun 2013, 04:21 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >Tim Enright ... Business is a political game as much as it is about sales. Ignore what is said and watch what they do. Doing is what matters.
    7 Jun 2013, 04:29 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1333) | Send Message
     
    > DRich ... Perhaps, but I am going to stick with my opinion on this one. That is, until all of the dust settles...
    7 Jun 2013, 04:38 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2424) | Send Message
     
    "I agree with DRich. We'll hear nothing about it."

     

    It's a shame that we have to cross examine Axion mgt on previous initiatives. IMO, it appears to be a strategic decision not to allow all questions on the CC.
    9 Jun 2013, 03:55 PM Reply Like
  • axion-nl
    , contributor
    Comments (121) | Send Message
     
    I emailed Axion but no answer yet.... they really need to work on their PR machine. Being a public traded company requires a good PR department, how small the company. In fact, small companies must do everything they can to get PR!
    6 Jun 2013, 04:11 PM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    As I recall, residents with $100,00 + plus entertainment systems came forward to Axion's booth at a battery conference looking for help with the Pbc. I believe they had checked out all other batteries and found they were of no value to them. Am I dreaming again?
    6 Jun 2013, 04:39 PM Reply Like
  • Al Marshall
    , contributor
    Comments (486) | Send Message
     
    The show was a high-end home electronics show for the industry, not consumers per se. The industry folks that visited the RoseWater booth didn't know anything about the PbC. Power quality, which the PbC enabled, was a key selling point presented by RoseWater and it seemed to resonate with them.

     

    So, you could say that the PbC filled a somewhat unrecognized need.
    6 Jun 2013, 10:16 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2424) | Send Message
     
    I guess we see what the CEDIA award for the Hub is worth?
    9 Jun 2013, 04:01 PM Reply Like
  • Milhouse
    , contributor
    Comments (307) | Send Message
     
    4:41 PM Exide Technologies (XIDE -16.3%) is preparing to file for potential bankruptcy protection by this summer, WSJ reports. Any filing likely wouldn't include XIDE's European operations, which account for more than half the company's revenues. XIDE carries ~$700M in debt, and there's concern it won't be able to repay a ~$56M convertible note due in September.
    6 Jun 2013, 04:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    I'm beginning to suspect that there's more than a touch of theatre in Exide's all too public talk of Chapter 11.

     

    My reasoning is simple. The $56 million in notes due in September 2013 are convertible subordinated debt. In a Chapter 11, they would have second priority after $675 million of senior secured notes that aren't due till 2018.

     

    It's pretty clear that Exide wants to force the hand of subordinated creditors by saying "if you don't play ball and work out a reasonable deal we'll file a Chapter 11 petition and leave you holding an empty bag." It will be interesting to see how far the subordinated creditors are willing to push a weak legal position.
    6 Jun 2013, 05:04 PM Reply Like
  • Milhouse
    , contributor
    Comments (307) | Send Message
     
    Does it bother you that they haven't announced a date for earnings, which should have been reported this week?
    Could that be part of their play here?
    6 Jun 2013, 05:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Under SEC regulations, Exide is an "Accelerated Filer" because the market value of common equity held by non-affiliates was greater than $75 million and less than $700 million on September 28, 2012, the "last business day of its most recently completed second fiscal quarter."

     

    As an accelerated filer, the SEC deadline for their Form 10-K is June 14th.
    6 Jun 2013, 05:34 PM Reply Like
  • Milhouse
    , contributor
    Comments (307) | Send Message
     
    OK, thanks. So they still have time to announce and file. This could be interesting.
    6 Jun 2013, 05:38 PM Reply Like
  • festein
    , contributor
    Comments (81) | Send Message
     
    Good summary of competing technologies for "Micro 2" vehicles from Anderman - includes costs

     

    http://bit.ly/123Dl9f
    6 Jun 2013, 06:05 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Great find Festein! :)

     

    "b. Micro 2
    Automakers aiming to enhance the fuel economy
    benefits of the current micro-1 hybrid by developing
    micro-2 architectures are faced with selecting an
    energy-storage system that is either a heavy and
    unsatisfactory (in charge acceptance) Lead-Acid
    battery or one of several systems incorporating
    higher performance, but also higher initial cost
    and some yet-to-be-resolved complexities. The
    results of one of the cases analyzed in Chapter III
    are summarized in Table E.3.1.

     

    In practice, the automakers resolve these dilemmas
    by entering the market in low volumes, which permits
    an evaluation of costs and merits at low exposure."
    6 Jun 2013, 06:48 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    Executive Summary (page 5)
    "While more complex designs utilizing capacitance carbon in the negative electrodes are under test, it is still too early to tell whether such designs will find market acceptance."
    6 Jun 2013, 11:15 PM Reply Like
  • Al Marshall
    , contributor
    Comments (486) | Send Message
     
    Authors don't mention Axion at all in the summary or the table of contents. They pretty much state that LI will dominate all but the most micro segments of the micro-hybrid market.
    6 Jun 2013, 10:45 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    Authors also note their organization of Advanced Automotive Battery Conferences in Europe and U.S. each year with the AABC 2013 scheduled for June 24 - 28 in Strasbourg, France. No evidence I can see thus far of Axion attendance or participation in the conference.
    6 Jun 2013, 11:44 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    D-Inv, I suspect at this time Axion has realized they will not be advantaged overly participating in these events. Axion is a very small player trying to carve out an initial place for itself.

     

    They did the huge tour into this last capital raise and we got a #$%^ money infusion. Other than ePower they are swinging for the fence.
    7 Jun 2013, 12:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (29176) | Send Message
     
    Dr. Anderman generates several million dollars of revenue per year from organizing and sponsoring the AABC Conferences in the US and Europe, which are essentially lithium-ion love-fests. One can't expect him to speak highly of competitive products. The last time Axion had a formal presence at an AABC Conference was the summer of 2009 when it did a poster presentation and generated a ton of interest from BMW and other automakers.
    7 Jun 2013, 06:35 AM Reply Like
  • tahoe1780
    , contributor
    Comments (91) | Send Message
     
    I wonder what battery they're using? http://bit.ly/10UvPfm
    6 Jun 2013, 11:31 PM Reply Like
  • iindelco
    , contributor
    Comments (8492) | Send Message
     
    Nothing we average people can afford. OK for DOD or some other entity that lives off dreams.
    7 Jun 2013, 12:04 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1222) | Send Message
     
    Looks like they're using NiCd.
    8 Jun 2013, 07:19 AM Reply Like
  • 481086
    , contributor
    Comments (3308) | Send Message
     
    IIRC TG did say something during the CC (I'll try to find the actual verbiage later) about how some initiatives/relationships are waxing and how some are waning, or at least might seem to be because of taking so long... That seems like it would be the natural state of things with any small company in a similar situation, but it's hard to deny that right now, apart from the bmw "news" and good things reportedly happening at ePower, 'momentum' kinda seems to have been taken down a notch lately... maybe it's just a perception that can be erased just that quick if the right positive development were to come along. In the current light, the SBIR decision in July would sure seem to take on a lot of significance... wonderful if the decision is positive, but quite a bummer if not.
    7 Jun 2013, 12:00 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2224) | Send Message
     
    While I lost 70% of my investment in Axion due to my decision to sell when my losses hit my personal red line I don't ever remember whining about it as some on this board have done. I never whined at the poker table either. You make your own decisions, you are subject to being wrong and move on, Crying is for real losers, not investors or good poker players. Losing happens. Get over it. Go find a winner or get out of the game.
    7 Jun 2013, 12:56 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (836) | Send Message
     
    MAJOR ditto Bangwhiz, thanks for your post. — I