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  • Axion Power Concentrator 243: June 11: Axion Power Reports First Quarter Results For 2013 350 comments
    Jun 11, 2013 2:53 PM | 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."

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    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.

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    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.

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    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 --

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    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. (NYSE: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.

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    Axion Power Weighted Moving Average Prices and Volume:

    (updated through 06/08/2013)

    (click to enlarge)

    (click to enlarge)

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    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)

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    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 »

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Comments (350)
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  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    Could it be?
    11 Jun 2013, 02:56 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Yes, it be Rbrun!

     

    HardToLove
    11 Jun 2013, 02:57 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    Wow, its the dawn of a new day!
    11 Jun 2013, 02:59 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Good to start out with the positive article of the day:

     

    http://bit.ly/12jj53t

     

    Both Axion and Epower recommitting to their preliminary mpg numbers.
    11 Jun 2013, 03:13 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Whoa! Whoa! Whoa!

     

    What the hell? Look at the photo of the ganged batteries.... PbCs paralleled up with what looks like conventional LA (can't tell if FLA or VRLA--correction with the filling caps visible, believe they're flooded LA, correct?) but again... what is that? certainly not the 56-battery string they're talking about.... I can only guess that it's a picture of an APU setup maybe? But what's that doing here? Maybe it's even a misplaced photo of the trucking SS setup. At any rate, it's weird. Bigtime. Like I was saying before--they're trying to make up what amounts to an UB, but with external connections, vice the internal combination right on the electrodes.

     

    To my eye, this ePower story plot just got a lot thicker...

     

    thoughts?
    11 Jun 2013, 03:26 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Interesting picture of 8 batteries connected in series it looks like. 4 are clearly PbC, and 4 are smaller. I wonder what those smaller batteries are for.
    11 Jun 2013, 03:33 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Dr. EB, or KT, if you're out there, you ever see this configuration played with? TimE, you talked enthusiastically about this idea (paralleling PbC with AGM IIRC) a good while back for your own rig, and I poo-pooed it then, thinking it wouldn't work, but look, here it is...

     

    curiouser and curiouser.
    11 Jun 2013, 03:56 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Looks like this is the trucking company?

     

    http://bit.ly/14JHU7C
    11 Jun 2013, 03:58 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >481086 ... You might be looking at the reason that ePower is so keen to move to the Cummins genset.
    11 Jun 2013, 03:59 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    DR, what's your thinking? I'm trying to mentally model how the two batteries are going to play together under charge, discharge, and rest...it's almost like the PbCs are just big buffers for the FLAs... maybe it works... if it shields the FLAs from having to absorb heavy charging currents, and prevents the PbC from drawing down to too low a voltage, I guess I can see it... but it's complicated, and IIRC nobody from Axion has ever talked about such a configuration... (recall the two-battery SS solution involves a hefty diode) Also, how's a string made up like this going to perform WRT equalization? Same passive self-equalization characteristics hold? We wonders, yes we wonders...
    11 Jun 2013, 04:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    48: I'm not schooled, but if the internal resistance of PbC is lower than FLA/AGM, which I think it is up until some point, charging current will split to flow most to PbC (path of least resistance) until PbC gets out of the sweet spot and then more will go to the FLA/AGM batteries?

     

    So PbC gets re-charged first during large amperage flows and then the FLA/AGM charges at more acceptable rates?

     

    HardToLove
    11 Jun 2013, 04:20 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Hmmm, Is this the SLI circuit or for hotel loads? It's not for motive power.
    11 Jun 2013, 04:25 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    I though at first it was a 24 v setup, but it is 12 v with something else going on. The top cable + goes in parallel to a PbC and a flooded battery (12 v), but the - goes in series ( - + 24 v PbC) then a 12 v + flooded. Not sure what is happening, but basically a 12 v system with the PbC in series perhaps to compensate for the linear voltage drop. I don't see how it would charge, but I assume an EE has figured that out.

     

    48 you are right, not part of the ePower drive batteries (at least nothing close as how has been described). Possibly an APU unit, or maybe a really robust starting battery arrangement (start/stop?). Pretty heavy cabling, so likely for heavy loads, not just running the a/c. Comments and clarifications welcome.
    11 Jun 2013, 04:29 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    iindelco, that was my first guess--the apu... which does make some sense... if it is motive power, then things are weird...John, do you have any eyes-on sense of which it is?
    11 Jun 2013, 04:30 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    RK, with respect, I'd say look at it again... sure looks to me like 48V nominal output from the full gang... (4 sets of paralleled PbC+FLA hooked in series)...

     

    IOW each PbC is connected in parallel with its own FLA, then all of those four pairs appear to be connected into one series loop...
    11 Jun 2013, 04:35 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    48, I don't see 48 v, but I could be wrong. The 3rd batt from the right, top row, goes from + to load (red tape). The 3rd batt, bottom row, goes from - to load. The 4th batts are simple parallel at 12v , not series, so I do not see 48 v. The top row is cabled l2r + + - -, which isn't 48 v.

     

    Education appreciated.
    11 Jun 2013, 04:46 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    48, My guess is that they either are NDA'in and don't want to show a picture of the ePower app for some reason. (This doesn't make sense in light of John's article.) More likely is they didn't want to take the box apart to show a PBC battery in some configuration or they didn't have time before the article came out. So they went out on the floor and took a picture of some other application they worked on or are working on.
    11 Jun 2013, 04:49 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Rick, Axion Ultrabatteries! ;)
    11 Jun 2013, 04:56 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Rick, trying to see what you see... hope we are looking at the same photo(?)

     

    I see 4 pairs of PbC+FLA each paralleled together... NE, SE, SW, NW... then if you look just at the PbC connections you see the jumpers connecting + to - at the 12 oclock, 9 oclock, and 6 oclock positions, with the load takeoffs (as you see) connected at 3 oclock...
    11 Jun 2013, 04:56 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    thanks iind, that's probably the right way to look at it.... but kinda threw me... and yet, good to see what they're maybe thinking WRT the APU app... the configuration we're looking at there should be like something near 6KWh... decent enough to run a sleeper cab for at least a few hours I would think..
    11 Jun 2013, 05:04 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    48, I think you are right. I see the 4 PbC in series to 48v, and each FLA in parallel to a PbC. The PbCs act as "shock absorbers" for high current flow and "protect" the FLAs. Should work, but much of the capacity of the PbC (below 11 volts) is probably wasted

     

    Thank you.
    11 Jun 2013, 05:16 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    48, I think that's how they will function. Maybe more energy storage and cheaper than all PbC, Suffers from some of the ill's of the Ultrabattery though.

     

    Requires BMS development.

     

    If it's similar to an Ultrabattery set-up in life/storage, costs less, and the flooded batteries get replaced when they fail but the PbC's hold up. Well that's interesting. Hmm.
    11 Jun 2013, 05:17 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    In congruence here with both you gents...

     

    And this is why the beast needs to be freed---get it out into the wild, so that smart guys in small shops all over the country can learn about it, get familiar with it, play with it, gain experience, try things out... come up with novel applications, increase the knowledge base, CREATE and GROW DEMAND... etc etc.. It's time. The upside exceeds the downside now, IMHO. These ePower guys should really have started working with the battery two years ago...
    11 Jun 2013, 05:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Two years ago ePower was convinced that AGM would fill the bill for their application and they couldn't stomach the cost premium for the PbC.

     

    Axion told ePower about all the problems they'd encounter with AGM in a series hybrid, but wished them well and said "come on back when you're willing to pay a price we can live with."

     

    ePower used AGMs for two commercial prototypes and encountered all the battery problems Axion warned about. That brought ePower back to the table with far more reasonable pricing expectations.

     

    Today Jay is far more concerned with what the PbC will do in his application than what it costs compared to an AGM product that doesn't work.
    11 Jun 2013, 05:37 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    An honor.
    11 Jun 2013, 05:37 PM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    Rick,

     

    if the PbC's we see are 8-cell 16V batteries, then wouldn't the 12-14V range of the LAB's they are ganged to be in the sweet spot of DCA for a nominal 16V PbC?

     

    Edit: never mind, zooming in shows they are labeled as 12V nominal PbC batteries.
    11 Jun 2013, 05:38 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    SMaturin, Already looked. One clearly indicates it's 12 V.
    11 Jun 2013, 05:41 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Thanks JP, forgive me but I was hoping that might draw out just such a bit of background... I can still wish ePower had seen the light much earlier in our lives, but I know much too well, ie personally, that for some, learnin's just hard. ;)
    11 Jun 2013, 05:42 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    ii, flooded batteries can last a long time if they are not abused. Also, flooded batteries are much more resistant to over-voltage than AGMs (including PbC). Abusing a FLA at high voltage means you need to put more water in it; abuse an AGM and buy a new battery. Isn't an Ultrabattery an AGM, too?
    11 Jun 2013, 05:50 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    SM, could be, but the batteries in the photo are clearly labeled 12v.
    11 Jun 2013, 05:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The Ultrabattery has been built in both AGM and flooded formats, although I suspect that East Penn prefers flooded for large installations.
    11 Jun 2013, 05:51 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    The PbC's are in series with the flooded batteries dangling off each PbC in parallel. This is exactly what I was talking about and wanted to experiment with. I would love to know how well this worked or is working.

     

    This looks like the third bank according to the numbers on the straps of the flooded batteries. Sure wish we had a view of the back of the truck...

     

    Edit: Actually this box is about the right size to fit between the frame rails.
    11 Jun 2013, 05:53 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Tim, I'd have a hard time believing this was really part of the motive string--apparently no visible active cooling, no separate bms/charging/sensing leads etc etc... And for the 56 battery string, it would take 14 of these gangs... so really 112 batteries in total... I could be wrong, but just not seeing it...

     

    all credit to you though for having had that parallel idea first ;)
    11 Jun 2013, 06:03 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Tim, it irks me to no end that you had a good idea and it was never developed. Was it for apu? Oh well, you would probably have had to sign an NDA and we would have never heard from you again.
    11 Jun 2013, 06:17 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Rick, So this would probably give better DCA and provide better balance for the parallel strings improving life given an appropriate BMS?

     

    Thanks for your thoughts.
    11 Jun 2013, 06:27 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    We really don't know how many flooded batteries are paralleled (could just be the four shown). The point was to add "energy" to a "power" string with the shock absorber idea Rick mentions. I do think it is motive unless we are further along with the APU stuff than I thought. The APU stuff, as far as I know, is still 12v (alternator output)...

     

    Bang, would not be the first time <smile>...
    11 Jun 2013, 06:42 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    ii, I know I don't know enough to give a correct answer. My gut says yes, but my very limited experience with mixing different parallel and series batteries is that strange (or at least unexpected) things happen.
    11 Jun 2013, 10:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    As far as I know ePower is not mixing PbC with advanced lead acid, so my guess is that the picture of the battery array in the article is for another application like an APU or maybe a heavy-duty system that combines both APU and stop-start functionality. In other words I think it may be a tantalizing clue about something else the team is working on but can't talk about.

     

    The smaller batteries look to be AGM's without a label over the flush fill ports.
    12 Jun 2013, 07:17 AM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    FWIW ePower tells us this on their website:

     

    "An optional all electric APU enables you to save even more money and remain compliant with anti-idling legislation wherever the vehicle operates."

     

    http://bit.ly/13BUSUk
    12 Jun 2013, 10:20 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Thanks for the thoughts everyone. A teaser.
    12 Jun 2013, 11:19 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    The battery straps (attached directly to the battery) are numbered B9-B12. Can we assume there is a B1-B4, B5-B8 and then perhaps a A1-A4, A5-A8, A9-A12 making a total of 24 batteries? or does B stand for battery and they just started numbering at 9?

     

    That's too many batteries for an APU or S/S. Not motive? why the batteries just add to what the genset already provides. The batteries are not the sole source of power right?

     

    Edit: It might also have been the only picture of the PbC that ePower had to share with the author and was just an experiment.
    12 Jun 2013, 12:21 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Tim, If they are serious about testing something they might test more than one set-up. Depends on the level of confidence they are looking for in whatever program phase they are in.
    12 Jun 2013, 12:26 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    JP,
    Since the picture is out in the wild wouldn't a quick email to Epower be able to answer the questions above?
    12 Jun 2013, 02:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    A inquiry haas been made.
    12 Jun 2013, 03:15 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Wonderful; heck even if they say "can't discuss at this time" it seems worth a shot. It's nice to have cyber friends in high places ;)
    12 Jun 2013, 03:23 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (783) | Send Message
     
    Cuarto and 5K more today

     

    Saludos-Carlos
    11 Jun 2013, 03:13 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    JP, since you are probably the only one here who has seen ePower's trucks, can I ask where they are putting those 56 batteries? I am hoping that an operator would not have to give up space in the trailer, but I can't think of any way they could fit all of them in the engine compartment with the generator.
    11 Jun 2013, 03:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Milhouse: traditionally batteries would in racks on the trucks side rails, hanging off them.

     

    HardToLove
    11 Jun 2013, 03:34 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Thanks, HTL
    I guess the batteries are in those metal boxes in the picture then.
    11 Jun 2013, 03:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The battery boxes sit behind the step into the cab and in front of the rear wheels.
    11 Jun 2013, 04:04 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Thanx, JP
    11 Jun 2013, 04:14 PM Reply Like
  • Ranma
    , contributor
    Comments (1401) | Send Message
     
    The share price stayed level all day today, as I thought was likely. I think it's unlikely to fall much further, and may even turn up again. Now to wait for news.
    11 Jun 2013, 04:29 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    OT. Another project goes to Maxwell...

     

    http://bit.ly/15UR9kO

     

    Maxwell Technologies, Soitec Join Forces To Demonstrate Benefits Of Integrating Energy Storage With Concentrating Photovoltaic (CPV) Technology

     

    "Maxwell has been awarded a $1.39 million contract by the California Energy Commission's Research and Development program to fund design and integration of an ultracapacitor-based energy storage system with Soitec's CPV system located on the campus of University of California, San Diego one of the nation's greenest universities and a second commercial scale system at Soitec's solar power plant in Southern California. The integrated systems will also take advantage of other technology advances, including solar forecasting and predictive energy control, to maximize the benefit of incorporating ultracapacitor energy storage."
    11 Jun 2013, 05:14 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    I am looking forward to HTL's analysis of today's trades - particularly buy sell ratio.
    11 Jun 2013, 05:29 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Well, the short interest info is in. At May 31, short interest increased to a whopping 821k shares from 171k at May 15 and 4k at April 30th and similar close-to-zero amts for months and months before that.

     

    So, what changed since April 30th? Hmmm, let me see...lol
    11 Jun 2013, 05:40 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Since the most noticeable change is the early May discount convertible PIPE deal, hopefully someone with good experience with those can explain what might be happening here. Gracias.
    11 Jun 2013, 06:01 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Mr. I,

     

    Since the new placement shares weren't effective until recently (i.e. June) then who was selling nearly a Million shares last month? Are you suggesting shares were sold before Axion issued them to the new holders? Or do you think remaining legacy holders (maybe from the 2012 placement) sold once the new placement news came out.
    11 Jun 2013, 06:05 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    bazoo, I'm not suggesting anything other than a strong possible link to the new deal, since I'm not knowledgeable here. I can brainstorm several different explanations, but was hoping an expert would comment.

     

    Brainstorm:
    --new investors selling before delivery of their new shares
    --shorting by investors that short stocks that have a new PIPE deal, as those stocks often go down
    11 Jun 2013, 06:30 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I've never seen a private placement that was kept quiet until the closing date. Rumors always circulate and there are market participants who specialize in shorting the stocks of companies that are about to conduct or have recently conducted a PIPE transaction. I don't see the purchasers as likely bad actors and would be surprised to find that kind of skulduggery going on. I wouldn't be at all surprised to learn that word leaked into the wrong ears and those ears decided to profit from the knowledge.
    11 Jun 2013, 06:58 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    The recent deal closed May 8th, and the bi-monthly short reports started showing a big increase starting with the May 15th report. Although the new investors rep'd that they did not short the stock before closing, they are allowed to short after, just not so much that they go net short.

     

    And PIPE shorting investors can short anytime they please.

     

    Anyone know the connection between the FINRA daily short reports and the bi-monthlies, if any?

     

    I readily admit it when I am in need of a tutorial on a subject, and shorting penny stocks is definitely a case in point. Was a few years ago, but my trader buddy laughed when I asked if a certain penny stock could be shorted. "Any stock can be shorted" was his reply.
    11 Jun 2013, 07:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I'm not sure whether PIPE investors can lawfully sell short against the box before the related registration statement is declared effective. When you don't know how long a registration is going to take, being short against the box is a pretty risky position. As I noted earlier, it's been a while since I've had to grapple with those kinds of issues so my confidence level is a good deal lower than usual on this particular issue.
    11 Jun 2013, 07:43 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    I know I'm outta my depth. But with the sustained heavy selling pressure (non-retail-like, IMO), the much higher bi-monthly shorts, higher daily shorts, recent discount PIPE, and what is almost certainly perceived by professionals as a formerly blindly faithful large group of unsophisticated investors many of who are on the edge of dumping (not my thoughts :^]), my preliminary conclusion pretty much coalesces by itself.

     

    I'm guessing that shorting Xk shares/day has produced a retail selling match of Xk, which has driven the price down between a little and a lot. Past few days, X = 300k.

     

    The REALLY hard part is figuring out what to do about it. Being on the sidelines so far has been darn fortunate, I'll say that much.
    11 Jun 2013, 07:54 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5806) | Send Message
     
    The situation does not appear to be cut and dried... here is an interesting link... http://tinyurl.com/l66...
    11 Jun 2013, 08:39 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Re: "and what is almost certainly perceived by professionals as a formerly blindly faithful large group of unsophisticated investors many of who are on the edge of dumping"

     

    Mr. I,

     

    I doubt this group is held in that kind of regard. Anyone who reads SA or this concentrator would know this ain't no bumpkin Yahoo hangout. I think you may want to consider that when 10s of Millions of shares are held by Axionistas then some people will sell during distress. I think that the selling is coming from many sources but I hesitate to speculate out loud since I can see we are doing damage with all this spitballing. Diligence I like but then again a little knowledge can be dangerous.

     

    At 30 cents the stock was risky without known funding. At 20 cents I don't think the risk is so great. Ask yourself this; how much can PIPE arbitrages have made on a few million shares as it tanked from 25 cents to 20. I don't think the numbers are that impressive when we're talking about institutional type investors.
    11 Jun 2013, 10:27 PM Reply Like
  • 42itus1
    , contributor
    Comments (214) | Send Message
     
    WOW, this stuff sounds pretty exciting and surely of interest to those with more time than I, as well as those with lesser effective medications than mine.
    Were I to talk about this with my Probation Officer I am certain she would tell me to just recognize that some are selling AXION shares and some are buying same. These pairings reflect the given price at any particular time. Then she would ask if I thought the price was right for buying, holding or selling. She is so darned good at encouraging me away from following rabbits down their holes and other forms of magical thinking.
    I sure am fortuitous!
    11 Jun 2013, 10:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Mr: That number could be more signifcant than the prior 171K, but hard to say really. Here daily volume and short, both rounded to K, for the last four days of the period.

     

    557.95 132.59
    528.61 199.20
    221.54 49.70
    190.95 108.77

     

    There's no way 821K should come out of that short volume due to T+3 machinations - somebody is having F2D I bet a dollar to a donut - we'll know shortly after the 15th I think (schedule is uncertain in my mind). As with everything related to the new "transparency" provided to us to level the playing field, all we gain with that is more questions and obfuscation.

     

    If we do see F2D, when it begins will at least give us a clue as to the significance of the prior period's 171K,

     

    For now, the timing tickles my TFH's nefarious neer-do-well nearby detector.

     

    HardToLove
    12 Jun 2013, 05:27 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    42itus1: "as well as those with lesser effective medications than mine."

     

    LoL! Started my day right! I'll ... be ... saying thanks ... when I stop gasping for breath ... from laughing so hard!

     

    HardToLove
    12 Jun 2013, 05:37 AM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    HT,

     

    Can you elaborate? What volume and what time period? And why would the T+3 matter here?

     

    "There's no way 821K should come out of that short volume due to T+3 machinations"
    12 Jun 2013, 02:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Bazooka: Normal settlement for traded shares is required by the 3rd day after the trade, T+3. So total shorts for those days, ~491K (if my eyeball math is near the mark) is not enough to go from 177K -> 821K even if every trade failed to settle in the allotted time.

     

    If we presume that a near-normal amount settled in that time, awfully close to 100%, all the increase has to come from elsewhere.

     

    Now, at the end of the short-report period, the net short positions as of that date are what's reported. This includes MMs, brokers, traders, ... everybody. Presuming that MMs would have their procedures down pat, which I believe, their shorts at end of period has to come predominately from sell orders in the last 2-3 days of the period for which backing shares from the customer (usually a broker holding the shares) hadn't made it into their portfolio yet via the normal DTCC netting process. A glitch at a broker might cause a few hundred or few thousand to not clear in the normal time, but even that would normally be due to some exceptional condition.

     

    That's why the first 17xK MrI mentioned didn't bother me - had high volume and high daily shorts in that period. This time the daily short sales are insufficient to account for this increase. That's why I also expect to see fails to deliver show up in the period when the report is available (and my fails blog will have the data shortly after).

     

    I hope this was useful and answered the question - if not just holler!

     

    HardToLove
    12 Jun 2013, 02:42 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Got it. =)

     

    I'm glad you're tracking this stuff. I will be reading your commentary with anticipation during these turbulent periods.
    12 Jun 2013, 04:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The bi-monthly short interest figures were released today and the May 31st value of 821,067 shares was an all time high by a factor of 3X.

     

    Color me stumped. Under SEC rules a short seller must borrow shares before initiating a short sale. As I understand the Treasury rules, shares that are not eligible for deposit in a margin account cannot be loaned to short sellers. While there is a market maker's exception for normal trading incident to maintaining an orderly market, the exception does not extend to speculation by market makers.

     

    I guess it's just one more data point to watch.
    11 Jun 2013, 05:50 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    John, In thought that you as an owner of the stock in an account had the choice to loan your shares to a short seller for a fee. This would allow you to get your shares back at a later date and also gather a fee.
    11 Jun 2013, 06:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    There are rare occasions when a stockholder agrees that his shares can be loaned out to short-sellers, but in the more common case a brokerage firm simply exercises its contractual authority to deal with the collateral underlying its margin accounts. Back in the day, a stockholder who's shares were loaned to short sellers never even knew. He certainly didn't participate in the stock loan fees. Since I haven't had a US brokerage account in about 15 years I can't speak to current practice.
    11 Jun 2013, 06:26 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Thanks John. Just sharing what others have indicted they have done. As you have indicated the broker can do this in a margin account because you in effect do not own the shares. In a standard account I've been told you can opt to do this although I don't know how or why you would. In a stock like Axion you'd be nuts to do this but in a large cap stock maybe not so much. :(
    11 Jun 2013, 06:34 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Some of the below may apply but I always heard penny stocks were different. Then again there is a guy named "Sykes" who specializes in shorting micro-craps.

     

    Not sure how all of a sudden our short interest goes through the roof. Did this happen around the 2012 placement as well? If not then something else is happening here.

     

    http://usat.ly/17FDW3t
    11 Jun 2013, 06:37 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Bazooooka, Thanks. Seems I'm wrong. Looks like they can lend my shares to short sellers. Uggh!
    11 Jun 2013, 06:42 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    As I understand the rules, brokers can't loan non-marginable securities without the owner's consent. If anybody can offer a more current and authoritative view I'd be grateful for the education.
    11 Jun 2013, 07:03 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    http://bit.ly/14UVPov

     

    Interesting background on naked short selling.

     

    IMO, the DTCC is a black box where the rules are not always followed and proving the rules are not followed is even more difficult b/c of the complexity of getting your hands on that kind of information in a useable form.

     

    Not sure where the selling is coming from, but given my reasoning for there not being a "near term" rabbit, it would not surprise me in the least that the financiers are responsible.
    11 Jun 2013, 10:18 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    As I recall, a number of years ago, one of the few ways to know that your shares in street name were shorted was how dividends were credited to your account. If the brokerage had shorted your shares, then the brokerage had to pay your dividends, but they were marked differently and did not qualify for the same tax status as regular dividends.
    11 Jun 2013, 10:32 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    open sell orders = borrowable shares?
    11 Jun 2013, 11:28 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Bazooooka: "through the roof"

     

    All relative. This is not an excessively large position *except* in relation to what we're used to.

     

    With the current reading, I become alert, but not yet worried.

     

    Keep in mind when the more active market-makers came into our sandbox. I don't think that accounts for all of the new short position, but a few hundred-K of it could be just from normal MM daily short sales. That would put the relevant "suspicious" amount much lower than the 821K. If suspicious amounts maintain over some cycles, it's a sure sign something changed.

     

    MHO,
    HardToLove
    12 Jun 2013, 05:45 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Mathieu: I don't think there's a relationship between sell orders and shortable, but I don't *know*. But I do understand that regardless of sell orders, shares can/will be loaned from marginable accounts by brokers and/or naked shorting still goes on - just less magnitude than a few years ago..

     

    Theft has always been with us and will always be with us.

     

    HardToLove
    12 Jun 2013, 05:54 AM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    HT,

     

    Did shorts spike on the previous placement? Also do you expect to see "fails to deliver" spike.

     

    Also couldn't the new data just be reflecting the fact that there are market participants who look for quick flips and scan the PIPE wires (and back channels) to find trading opportunities?
    12 Jun 2013, 01:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Bazooooka: we had high short already during that period
    http://seekingalpha.co...

     

    as well as high fails to deliver:

     

    http://seekingalpha.co...

     

    I do expect higher F2D on the 5/31 ending report.

     

    Theoretically, PIPE folks can't short the shares differently than any other investor - borrow first! Once their shares are registered I guess they could be both short and long without borrowing, but I don't know the truth of that - ignorance reigns there.

     

    HardToLove
    12 Jun 2013, 03:07 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    PIPE investors can't short directly but nothing should be able to stop their hedge fund friends I'd think. Then again it seems like a waste on a stock like Axion when there are others that do much larger dollar volume.
    12 Jun 2013, 04:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Shorting in advance of micro-cap offerings is a time honored tradition among professionals and can be very profitable if your grapevine is accurate. Any time a deal goes off at a discount to market, some existing stockholders will over-react and drive the market price down below the deal price. It's a birds nest lying on the ground if you can pick up reliable rumor about timing and price. Companies try desperately to keep those details wrapped in secrecy, but they rarely succeed.
    12 Jun 2013, 04:39 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Sounds right considering the stock market rumor mill but when should we expect them to have their scalp and move on? I can see the logic in the fall to the 20 cent range (as the 15% discount is out there in the filings). But do you think these sharks want more blood?
    12 Jun 2013, 04:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    A 15% discount wouldn't be enough to get most fund managers I know out of bed. Those guys are just like other investors, but greedier and more ruthless. What they want is a stock that thy buy on the cheap, generates good news quickly, runs like a scalded cat and delivers multi-bag returns in the shortest timeframe possible.

     

    The 15% discount is a busted deal bailout, not a goal.
    12 Jun 2013, 04:57 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    I'd think we are cheap enough now that the scalpers will have had their fun and the latter group of fund managers you speak of can come in and take out any remaining weak hands and wait for their double up with the rest of us. Tomorrows volume should be a good tell. If we drift back to the 300k range then I'd think those near million in half share days on monday and tuesday were transfers from the fearful to the greedy.
    12 Jun 2013, 05:17 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    if they can they will push prices lower.
    12 Jun 2013, 10:36 PM Reply Like
  • tonys23
    , contributor
    Comments (94) | Send Message
     
    OT, but what does anyone know about the old Beacon Power re-emerging as BP Fly, LLC and now trading at .08 where it was at .02 a week ago?
    11 Jun 2013, 11:35 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Wonder if any of the shorts were paper shares held by Rosewater principals who were around in your time JP?
    12 Jun 2013, 01:09 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Not a chance. When shares are originally issued in restricted form they remain restricted until the original holder sells them to somebody else. So the original paper stock certificates issued to the RW principals could never be converted to electronic form where they'd be eligible for lending.
    12 Jun 2013, 06:12 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    JP, how would you know if/when an original holder sold his shares?
    12 Jun 2013, 06:33 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Bang's question was whether the shorts were paper shares. Since paper shares can't be lent or borrowed the answer is no.

     

    The only indicator I've seen that helps track selling behavior is the FINRA daily short reports. In the past they've only proven useful as a crude indicator of when big blocks were flowing into the market from restricted form. The data was absolutely useless when it came to figuring out what a particular holder might be doing.

     

    Something has changed in the FINRA dynamic over the last couple months and I'm not certain that the measure will remain useful on a go forward basis.
    12 Jun 2013, 06:59 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    JP - What is to stop an original holder of paper shares placing the shares into street name at a brokerage once any restrictions have passed?
    12 Jun 2013, 09:23 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Stefan, I posted this a couple times last year. From an Axion SEC filing, in this case, a proxy, here is part of a footnote regarding Manatuck Hill's 7,200,000 private placement purchase in 12/2009:

     

    "7,200,000 shares were transferred to street name on 6-3-10."

     

    http://1.usa.gov/rscz7P

     

    From page 6.
    12 Jun 2013, 10:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The Securities Act regulates transactions in securities and every sale of stock must either have an applicable exemption or an effective registration statement. Public trading markets are possible because there is a broad exemption for transactions that don't involve an issuer, underwriter or dealer.

     

    Shares sold in a private placement are subject to restrictions for as long as they remain in the hands of the original holder. In most cases the prohibitions on resale lapse in six months or so, but a transfer still requires an opinion of legal counsel. The only way to eliminate the restriction formalities is to sell the stock into the open market in a transaction where the new holder is not an issuer, underwriter or dealer.

     

    My shares are a perfect example. They're still in paper form and a brokerage firm won't touch them until I'm ready to sell.
    12 Jun 2013, 10:40 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I'll be hit or miss until Sunday night because I have an out-of-town speaking engagement and will be traveling with my iPad instead of the laptop. I'll try to respond to factual questions promptly, but will probably be slower than usual.
    12 Jun 2013, 06:29 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1823) | Send Message
     
    Do you use the logitech bluetooth ipad external keyboard/case? I picked one up a week ago and, while it's not as good as a full-size keyboard, it's vastly superior to the ipad's native touchscreen keyboard.

     

    Just a recommendation in case you're thinking about it.

     

    D
    12 Jun 2013, 12:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I hate carrying stuff, but Siri is the new love of my life.
    12 Jun 2013, 03:18 PM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    My wife complains that I am now married to my ipad.

     

    The best keyboard for the ipad is probably the Apple wireless, as it is full size and conforms to the Apple standards of their other products. But it is not a case, and has to be carried separately.

     

    I have been using the Clamcase Pro keyboard hard case (http://clamcase.com), and finding it really excellent, but it developed a crack near the hinge and I sent it back under warranty. The replacement arrived last night, but seems to be non-functional out of the box. Frustrating, because I really loved the protection and functionality of the device.

     

    So I ordered the Brydge keyboard to try next, while waiting for the Clamcase problems to resolve. http://thebrydge.com

     

    Carrying the iPad 4 with a keyboard case and AT&T unlimited connection (grandfathered from 2010 as an early adopter) beats a laptop with limited connectivity or expensive data plans. It is essentially the equivalent of the MacBook Air 11" but with a cellular data connection and GPS everywhere and all the time.
    12 Jun 2013, 03:41 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    When I'm going somewhere that requires computing power I take a Macbook Air. For speaking engagements that don't involve any heavy lifting, the iPad is easier. Besides it lets me leave the MacBook with Rachel who has developed a fondness for working on the lanai - it gives a whole new meaning to the phrase sun and surf.
    12 Jun 2013, 04:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    06/11/2013: EOD stuff partially copied from instablog (up in ~1 hr.).
    # Trds: 215, MinTrSz: 200, MaxTrSz: 50000, Vol 1311846, AvTrSz: 6102
    Min. Pr: 0.1900, Max Pr: 0.2180, VW Avg. Tr. Pr: 0.1961
    # Buys, Shares: 111 534056, VW Avg Buy Pr: 0.1965
    # Sells, Shares: 96 755590, VW Avg Sell Pr: 0.1960
    # Unkn, Shares: 8 22200, VW Avg Unk. Pr: 0.1933
    Buy:Sell 1:1.41 (40.7% “buys”), DlyShts 309200 (23.57%), Dly Sht % of 'sells' 40.92%

     

    Three AH trades at $0.20 of 8K, 8K and 2.5K are not included in FINRA daily short sales. Including that volume moves FINRA-reported daily volume from 1,293,346 to 1,311,846 and short percentage from 23.91% to 23.57%. If we also include them in the daily short sales, daily short sales go to 327,700 and short percentage moves to 24.98%.

     

    Since the AH trades were at the closing price, I'm leaning towards them being just MM EOD balancing of their positions by (my best guess) filling a buy order for which they were accumulating throughout the day. With the more active MMs present, I think this is going to be fairly common as long as volume remains high and prices are at an area where folks might consider a buy low-risk.

     

    I'm a bit surprised that we saw price hold as well as it did. On the mundane stuff, average trade size moved into the higher range of retail thanks to a higher number of 10K-25K trades. I guess lots of buyers are seeing the value proposition, vs. risk assumed, at these price levels. The buy:sell being so balanced supports this – sellers were not having to hit the bid to unload shares. Maybe some context will clarify this further. It's a bit fined-grained, due to the narrow spread, but nevertheless ...

     

    $0.1900-$0.1910: 166500 shares, 12.69% of vol, VWAP $0.1906, b:s 1:32.30, 3.0% buys
    $0.1911-$0.1949: 441293 shares, 33.64% of vol, VWAP $0.1936, b:s 1:1.68, 35.5% buys
    $0.1950-$0.1970: 312753 shares, 23.84% of vol, VWAP $0.1954, b:s 1.36:1, 57.7% buys
    $0.1979-$0.1999: 154200 shares, 11.75% of vol, VWAP $0.1983, b:s 24.70:1, 96.1% buys
    $0.2000-$0.2050: 148100 shares, 11.29% of vol, VWAP $0.2005, b:s 1:3.56, 21.9% buys
    $0.2100-$0.2100: 080600 shares, 06.14% of vol, VWAP $0.2100, b:s 1:7.86, 11.3% buys
    $0.2101-$0.2180: 008400 shares, 00.64% of vol, VWAP $0.2117, b:s 1:2.50, 28.6% buys

     

    On our last drop down, 4/29 (coincidentally when the daily short sales started to move up and remain “high” to-date) we had a nice recovery over the next seven days: $0.2125, $0.2300, $0.2585, $0.2492, $0.2563, $0.2609, $0.2588 and $0.2513. Percentage-wise, mo-mo players would've found a 20%+ gain attractive, which likely explains some of the deterioration that followed.

     

    I've added a couple trend lines to my price chart, using the VWAP as touch points. We are in a descending wedge that we need to break out of. If we do break to the upside, Bulkowski notes an average rise of 32%. Unfortunately, there's a price throwback 56% of the time, so if it does break out the results are not anywhere near certain.

     

    My original inflection point calculations visually present a weakening pattern. The one-day changes have five of the six periods with increased weakness. The five-day change had a three-and-three split of strengthening and weakening. The average rate of change had four periods showing improvement – less average rate of weakening - and the three shortest periods, five, ten and 25--day, showing increasing average rate of strengthening.

     

    My newer version, which seems to have been leading the original in earlier confirmation of a trend without being “flaky”, has all six one-day changes and change over five days more negative. The five-day average rate of change has worsened in five of the six periods. Since this version is designed to be slightly less sensitive, it may be lagging detection but I wouldn't hang my hat on that because we know the original is flaky.

     

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

     

    HardToLove
    12 Jun 2013, 07:41 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Moderation Gone Wild - DVD Available in Juvenile Stores Nationwide, courtesy of Seeking Alpha!

     

    I noted a deleted comment here.

     

    http://seekingalpha.co...

     

    Moderation e-mailed a response to me with this: "Comment moderation on Seeking Alpha focuses on tone and deletions are not made taking into account a particular standpoint. Would like to apprise you "that bugger" was caught as a term which is not commensurate with the professional tone we aim to encourage on the site.

     

    If you are willing and able to discuss our articles and news in a polite manner without including inflammatory language, we welcome your contributions.

     

    We encourage you to keep commenting, but to use the kind of language and tone one would employ in a serious presentation to business colleagues, in an interview with an intelligent publication, or in a discussion with somebody whose views you disagree with but whom you respect".

     

    Sheesh!

     

    HardToLove
    12 Jun 2013, 07:55 AM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    HTL,

     

    Pay it no mind. It is SA's iteration of Boundless Informant keeping us all safe.

     

    Purity through a PRISM darkly....

     

    Leadiing us to a Brave New Better World.
    12 Jun 2013, 08:48 AM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    I, too, have now been blessed by SA with notice of a message deletion for alleged "insults, obscenities, or abusive language." The SA-perceived transgression was apparently characterization of Axion corporate policy/practice as, "And very, very anal retentive on disclosure of tech performance to potential buyers and competitors too early."

     

    I chose to inform SA that I found their characterization of my language offensive and indicative of need for remedial reading comprehension training of their staff. :-) There is a chance my feedback to SA will prompt them to proceed with the "discipline" they threatened -- place my account in "read only" mode.
    12 Jun 2013, 10:22 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Let's all e-mail David Jackson directly with excerpts and see if maybe he was unaware? A flood might make him take a look at what his organization is doing - including the tech folks which have still got me not getting my daily alerts.

     

    HardToLove
    12 Jun 2013, 10:46 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    D-inv. Don't worry, You'll catch up. I didn't look today but I've got 8 so far. Seems they are doing some form of robo-house sweeping. If they do any more I'll probably get robo-excommunicated to look only mode. Not a pretty sight my face pressed against the glass looking in.
    12 Jun 2013, 11:15 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    I PM'd David Jackson. Let's see what he says, if anything.

     

    HardToLove
    12 Jun 2013, 03:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Well, at first he agreed, but then thought better of it and decided that the word "bugger" was, effectively, a slippery-slope issue even though not aimed at anyone or used in any derogatory manner.

     

    So, no help.

     

    HardToLove
    13 Jun 2013, 09:55 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Enter Peterbilt into the mix!

     

    Fleets & Fuels

     

    Axion and ePower 18-Wheel Hybrid

     

    By Rich Piellisch in batteries, Electric Drive on June 11, 2013

     

    Durable PbC Batteries Facilitate Large Fuel Efficiency Gains

     

    Axion Power International’s PbC brand lead-carbon batteries are being tested on a Peterbilt 386 tractor converted to series hybrid electric operation by ePower Engine Systems of Florence, Ky. The PCB batteries’ tolerance to repeated charge cycles is enabling significant fuel efficiency gains.

     

    Click here for full article.
    12 Jun 2013, 10:37 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Articula: Any link available?

     

    Thanks,
    HardToLove
    12 Jun 2013, 10:47 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    http://bit.ly/12jj53t
    12 Jun 2013, 10:53 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Looks to be the same link as yesterday - wonder if they mislabeled? Also very annoying they refer to it as PcB in the article. Get it right fellas.
    12 Jun 2013, 10:54 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    Articula, yet another reason to use Bio-Carbon (a name people might understand) and not a random TLA (three letter abbreviation).

     

    Quick: Does your wife (or beer buddies) know if it is PcB, BcP, BpC, CpB, BpC or ....?
    12 Jun 2013, 11:04 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    SA's moderation algo's about to melt. ;^)
    12 Jun 2013, 11:23 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Rick I have to laugh - I use a reporting system at my job called BPC (referred to as Big Piece of Crap)

     

    Yes I know PBC really doesn't do anything for me
    12 Jun 2013, 02:14 PM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    HTL,

     

    Check out your email. It just showed up in my inbox from Axion.

     

    By the way guys...I go away for a long weekend and come back to find out that you all have broken my stock price once again?? So anyone want to explain?? Good thing I lost the key to my sock drawer.
    12 Jun 2013, 10:54 AM Reply Like
  • footleg
    , contributor
    Comments (26) | Send Message
     
    I'm sorry that I'm late to the party, but where is the picture of the ePower battery string? All I see is a pic of the outside of the white truck and a close-up of an isolated (but pretty) PbC.
    12 Jun 2013, 11:44 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    footleg, this is the one we were talking about:

     

    http://bit.ly/11W7f9i

     

    But we're pretty sure it's not a picture of the motive string, but rather some kind of prototype APU setup..
    12 Jun 2013, 11:50 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    footleg, it seems to depend on which browser you use. IIRC it does not show in Chrome on my Mac, but does in Safari.
    12 Jun 2013, 11:52 AM Reply Like
  • footleg
    , contributor
    Comments (26) | Send Message
     
    Thanks, Rick & 48, you're right. Safari renders it, but not FireFox on my mac.
    12 Jun 2013, 12:04 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    "It was the best of times and the worst of times!" Charles Dickens from a "Tale of Two Cities." That describes Axion right now in a nut shell.

     

    I was thinking about the search for a partner to provide PbC's to BMW. All these years of work to produce a carbon electrode that any AGM battery producer could use to manufacture PbC's with very little change in their production process. Virtually any AGM battery company could, with the addition of a second automated carbon electrode line, solve BMW's concern about Axion as a sole source. In the giant scheme of things that doesn't take much money. The conclusion of a deal, a little space and a few million dollars for the automated carbon electrode line. Easy expansion.

     

    The same can be said for any other auto or truck manufacturer in the world. If TG is the supreme negotiator according to JP, now is his chance to shine. Conclude one deal and ride off into the sunset. "Happy trails to you!"

     

    If there is any reality at all to Axion's original goal of providing PbC electrodes to the world's AGM producers now is the time for that 10 year dream to come true.

     

    As for all the other irons in the fire they all have potential. In poker you really want to know what your odds are for success. TG is in a terrific position to know his odds. He just completed a long search for a strategic partner. All who were interested wanted 60% and TG said "Nyet."

     

    However, TG does have a good idea what he could get for a controlling interest in the company and he could pretty easily extrapolate that into what the company could be sold for. He knows the status of every deal the company has hanging. He knows how much time the company has to get things done.

     

    This is not the time for TG to "Just say no!" You don't hack your way through 10 years of jungle and suddenly decide that if it takes another 10 years of unending jungle you will just keep on hacking forever. The fountain of youth is right in front of him. I can't believe he won't dive right into it. It's all down to making one deal. I don't believe he will fail to get one done. I may be insane, but I am buying some AXPW today!

     

    I can't remember how to spell Robert Averill's name so if I got it wrong sorry. But if he's willing to toss 3/4's of million into the pot I can certainly stand to toss in a few chips of my own in the pot. The man's no fool, so here we go again. In the sock drawer and not coming out. If I lose it all tough nuggies!
    12 Jun 2013, 01:10 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Congratulations Bang, nice to have you back in the fold! :-))

     

    Also, thanks for your upbeat analysis [with which I'm in total agreement]; plus some of your TG comments. He's taken quite a beating lately [a bit too much in my opinion], and with the revelation of some of the short selling going on, maybe he'll be given a bit more slack.
    12 Jun 2013, 01:29 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    BANG is back!! =)

     

    I thought you might want to join in. Too many people at the table twitching and showing weakness eh...

     

    I too have sensed some Axionista capitulation and have gone in deeper with cheap shares for a punt.

     

    As long as the TFH theories don't come to pass then we should survive this temporary PIPE whacking.

     

    Heck maybe Mr. Investor will get back in the game too since his posts have likely opened up a few extra seats at our table.
    12 Jun 2013, 02:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Yep, I bought some in the low 19's.
    12 Jun 2013, 02:55 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    Bang ... You bought back in! Congrats. For the first time since early 2009, I offered AXPW shares for sale this week, but have had no takers. You did not buy my shares.

     

    My offer today was 2K shares at $.39. That is above my weighted average acquisition cost but well below what I will ask for other shares.
    12 Jun 2013, 03:58 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2093) | Send Message
     
    Hi BW,
    Welcome back (even though you never really left). ;-)
    12 Jun 2013, 04:37 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    I guess the 10 cent versus 30 cent calculus has changed =)
    12 Jun 2013, 06:34 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Bought at the ask. Not worried about 1/5th of a cent. This buy wins or I lose all or most of it - and I am going to move more dry powder into my account. You never can actually know what the cards will be when they are all turned face up, but I like my hand. I can't believe I am betting on TG after all the negative things I have said about him. However, I never called him a fool so win lose or draw I'm in! And I'll bet you dollars to doughnuts Bob Averill knows what hand he's holding also.
    12 Jun 2013, 01:19 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    "...it was the age of wisdom, it was the age of foolishness..."
    12 Jun 2013, 01:29 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    That's why poker and the stock market are fun to play. Wonder if I am the sucker at the table? :>D Axion's stock is in a position to be heavily manipulated. I expect a lot of turbulence in the future. However, it reminds me of a form of poker where two people split the pot 50-50, the person who has the lowest spade in their hand and the person with the highest hand. If you've got the 2 of spades you call every bet and raise whenever you can!

     

    My hand isn't a guaranteed winner like the 2 of spades described above, but when and if ridiculous prices for AXPW appear I'll take advantage of them.
    12 Jun 2013, 01:37 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Let's say I'm right Inndelco. How do you think this thing unfolds from BMW's viewpoint? I figure 3-6 months top to do a deal (because of all the legal and technical issues to be resolved by a prospective licensee. The first stock pop would obviously be the announcement of a deal. So ok, they have a deal. Add in the time to get production ready. Then what happens Inndelco?" Fleet test from both sources, Axion and new supplier? Production order for 2015 model year in fall of 2014?
    12 Jun 2013, 01:59 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Bang, I see your deal time frame as possible/probable if BMW is serious. I'm thinking more 2015 cy for a 2016 model for production. If it's 2014 cy it's a smaller platform. IMO 2014 is a little tight. Why would BMW take so much time if they wanted it in 2014 cy? Makes absolutely no sense to me.

     

    Don't have all the articles handy but my mind is set more toward this timing based on future technology trends as well.

     

    BTW, I don't think a large automotive partner is going to run with Axion's negative electrode assy line. I think they can do much better. But the third time will be a charm. Much easier if all the processes are robust. If it turned out to be 2014 cy they might start with Axion's line plus duplicates as necessary then do a next generation for volume ramp after that.

     

    I think the fleet test wants to be with the new supplier. Maybe with Axion and "new supplier" negative electrode assemblies. No Axion battery assembly. They are not competitive. Their equipment is antiquated and high cost. Too much labor in a high cost labor market.
    12 Jun 2013, 02:31 PM Reply Like
  • VictorG45
    , contributor
    Comments (40) | Send Message
     
    BMW test fleets vary in size from 200 units to ~500 units. If your 3-6 month timeline is right then we may be looking at a nice Christmas present.
    12 Jun 2013, 02:38 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    "The first stock pop would obviously be the announcement of a deal."

     

    That's the main reason I'm in and staying in. Whatever the production timeline, I believe once BMW announces a decision, other companies both large and small will start to follow suit. I see the pps quickly heading for the .30's, most likely never to return. The shorts will get squeezed, and many on the sidelines will step in. I believe the ice breaker is coming soon, most likely this year.
    12 Jun 2013, 02:48 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Victor - 3-6 months was just to get a deal. Add 3-6 months more for partner to be production ready. 1 year total. BMW buying fleet test batteries after partner is ready - mix of Axion and new partner batteries as a cross check on PbC quality. Then probably a follow on production order if all goes well as Inndelco suggests.

     

    Hopefully, some form of success in trucking will keep the lights on at Axion. I have little faith in the PowerCube.
    12 Jun 2013, 04:38 PM Reply Like
  • Mac325
    , contributor
    Comments (19) | Send Message
     
    I’m also curious about the status of GM. I know we don’t have much information to work with, but after recently rereading the joint Axion/GM grant application from 2011, it sounds like, with the introduction of the continuous roll sheeting process, Axion would have fulfilled its Phase II project objectives.

     

    Phase III of that project was to consist of a yearlong, larger scale, in vehicle testing to be performed by GM. Given that timeframe, along with other references made in that document, and assuming work continued without the grant money (which is reasonable given the continued obscure GM/large domestic OEM references that have been made), it sounds like a 2014 GM rollout could be a slight possibility.

     

    Also, regarding the pending Phase II SBIR grant announcement, it’s notable that the 2011 application mentions Valeo by name as the first tier supplier who would be working with Axion/GM on the project.
    12 Jun 2013, 06:03 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Mac325, GM would have the same general requirements as BMW. They would rather a tier 1 supplier take the reigns for the PbC battery. Axion knows this anyway. They are not staffed nor scaled for automotive. They could however be a fine tier 2 supplier with a bunch of work and some added muscle on the manufacturing end. Takes capital though.

     

    Timing for GM would most probably be similar to that of BMW. They have similar needs for their program requirements.

     

    Valeo doesn't do batteries but they do many of the things the autoos are working on to electrify the functions in the vehicle. Also they do HVAC systems and recently bought into the US in this area in a big way. They did the ALABC demonstrator which had the Exide battery. This does not mean they would stay with it nor that it's durable enough. It was a piece of auxilary equipment vs the real meat of the program. I worked for them for many years.
    12 Jun 2013, 06:48 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    bang, you have a good feel for this imo. you have a time frame for deal in mind?
    12 Jun 2013, 10:40 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    lol an answer to my question. i am looking at nov.
    12 Jun 2013, 10:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    I'm wondering if we have a handle on "when", as in: "When might conditions have changed after the deal with the Gang of .25 was struck?" The collective assumption is that TG (and the rest of the BOD) would not have taken the risk without a plan and a clear opportunity arriving within the critical time span created by this round of convertible note funding...

     

    But what about those "when" questions?

     

    We have seen indications that major players have found LI SS solutions for cheap prices. These news releases date after the conclusion of the funding deal. What effect might recent developments have upon the situation?

     

    "When"?

     

    Its the joker in the deck.
    12 Jun 2013, 01:47 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    If - and it is a huge IF - any rail company is serious about electric locomotives of any type - hmmmm unknown - I doubt they are going to do it with lithium ion. Huge rolling bomb waiting to go off. Not on my tracks. But hey, I don;t really know what they might do if anything. Based on how slow NS is moving I don't even think about rail for the moment. If 999 ever gets out of the shop, in switcher or possibly OTR configuration, I'll start thinking about it again. Let's not forget stop start for trucks either.

     

    When is one of these Axion buds going to bloom?: My BIG deal sales average was one in three. I know I was a good salesman. I'm not so sure about Axion in that regard.
    12 Jun 2013, 04:32 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    GE as UberCrony circling Washington would be the one to watch in the electric loco derby. LI SS is what I referred to, specifically for cars (although Peterbilt is looking at LI for their trucks, I hear). http://bit.ly/14XD9V9

     

    Freightliner: http://bit.ly/YrCBoz
    12 Jun 2013, 04:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    TB: First link broken. The second appears to only go to class 7 trucks, so far, and is an "Eaton parallel-electric hybrid system". So it looks like it's addressing a different market than ePower, *currently*. S/b more expensive? Thank goodness it's not a retrofit (yet?)!

     

    Let's hope it stays that way for a while.

     

    HardToLove
    12 Jun 2013, 05:36 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    I'll see if I can round it up. The site looks like it has been recently renovated.
    12 Jun 2013, 07:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Lets see if this works: No, very odd...

     

    Anyone curious about Peterbilt's LI efforts google "peterbilt lithium" and it should be accessible.
    12 Jun 2013, 10:08 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Not for me TB. :(

     

    Edit Here, This will validate your Peterbilt comment. 2013 presentation from (Ta Da) Corvus Energy (The ones that just got the DOE grant for supplying a string tp NS.) Page 4 shows their partners and customers. Looks good-for them.

     

    http://bit.ly/11wReXA.
    12 Jun 2013, 10:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Its on the Peterbilt site as "Peterbilt Media":

     

    "PETERBILT SHOWCASES 2012 TECHNOLOGY TRUCK

     

    LOUISVILLE, KY (March 21, 2012)

     

    "Peterbilt Motors Company showcased its Model 587 Technology Truck at the Mid-America Trucking Show, including several emerging technologies that focus on advanced aerodynamics, fleet maintenance efficiency, personal connectivity, and next-generation energy storage. ...

     

    Highlights of the technology truck include:

    Energy Storage: A Lithium-Ion Power Pack stores enough power to start the truck and provide 10 hours of engine-off hotel loads / air conditioning. The system has the unique ability to do this with a 250 lb. weight savings over lead-acid batteries.

     

    “The integration of these technologies illustrates how the vehicle is quickly becoming the hub for supporting useful devices with practical application in the trucking environment,” said Sproull. “The Model 587 Technology Truck is just one example of the many innovative developments underway at Peterbilt that fuse technologies across industries and provide value to our customers.”

     

    The article is over a year old, of course.
    12 Jun 2013, 10:30 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    U.S. safety firm bolsters battery standards after Boeing crisis

     

    "Underwriters Laboratories, a 119-year-old U.S. company that develops product safety tests, is strengthening its lithium-ion battery standards after a string of high-profile battery failures that shed light on the technology's weak spots."

     

    http://yhoo.it/11apjRC
    12 Jun 2013, 05:13 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Demand Energy’s Intelligent Storage Mixes Batteries, Analytics and Software

     

    "Staker noted that Hurricane Sandy changed people's perceptions about grid reliability and disaster readiness. Staker spoke of New York City building owners willing to pay to provide crucial services in the event of a power failure. Builder owners want to be able to pump water up to gravity feed tanks and run a service elevator for a few hours. Systems like those of Demand Energy can integrate storage and PV to provide backup power during emergencies."

     

    "A Bit About the Batteries

     

    Demand Energy deploys valve regulated lead acid batteries from C&D in its energy storage systems. These are 2-kilowatt batteries capable of 2500 cycles at 50 percent depth of discharge, according to the firm.

     

    Staker said that lithium-ion batteries require more management, whereas fire codes, building codes, and recyclers are comfortable with lead acid technology. Staker said, "The key driver here is economics -- the economic life. Will we be using this same technology five years from now? Probably not. It may be more advanced lead acid. Some are better power, some are more time-shifted. You’ve got to have a chemistry that you can get deployed and that has a lifecycle cost. We can make [this technology] work with economics."

     

    Staker said that the company developed its own battery management and it's an important piece of the mix.

     

    Notably, the battery technology of Firefly lives on at Demand Energy. Firefly was a Caterpillar spin-out that went bankrupt before it was able to commercialize its advanced anode technology. Demand Energy hired one of Firefly's engineering directors and is looking at a new, more manufacturable conductive anode design."

     

    http://bit.ly/114oIB6
    12 Jun 2013, 07:00 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    In thinking about my decision the risk reward ratio has never been better. I also bought about half as many shares as I had before for 75% less than the first time around, and I am moving dry powder into my account. Now all I am going to do is watch the movie. It's either a hit or it never makes the big screen. Easy investment to manage as it stands now. I have no idea what event would cause me to buy more but it will most likely be a solid stock chart.

     

    Now where is that fan I had blowing on the paint? Time to plug it back in!
    12 Jun 2013, 07:11 PM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    Bang, Maybe the 3rd time is a charm ! Good Luck & hope u hit a home run.

     

    (in a way I'm glad to see u dip your toes again)
    12 Jun 2013, 08:33 PM Reply Like
  • Ranma
    , contributor
    Comments (1401) | Send Message
     
    Glad you're back in bang. Just the bullish signal we need!
    12 Jun 2013, 09:26 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    "Glad you're back in bang. Just the bullish signal we need!"

     

    Yes I agree... except with Bang there is always snorkle involved so we could go down a bit before we go up <smile>...
    12 Jun 2013, 10:29 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Tin> Got my air tank this time for deep dives, snorkel ready for shallow paddling. If you jinx me this time Tim I'm gonna look you up :<D
    13 Jun 2013, 03:31 AM Reply Like
  • schrumpfmeister
    , contributor
    Comments (139) | Send Message
     
    am I missing something, It seems the technology is pretty good, but it going to be owned by people other than the current shareholders. These convertibles are called toxic for a reason.

     

    why the continual circle jerk?

     

    back to watching bizarre human behavior, thieving is in the genes.
    12 Jun 2013, 07:29 PM Reply Like
  • Ranma
    , contributor
    Comments (1401) | Send Message
     
    This technology alone is worth more than the 20-30m market cap of Axion. You can dilute AXPW by doubling or tripling the shares and we'll still make it out ahead.
    12 Jun 2013, 09:25 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    SPFM> I have a feeling you are going to be in "listen only" mode soon.
    13 Jun 2013, 03:33 AM Reply Like
  • billa_from_sf
    , contributor
    Comments (369) | Send Message
     
    Question about warrants and the PIPE.

     

    I apologize for not wading into the contract myself and figuring this out on my own, but a few posters on this board have analyzed the deal in great detail.

     

    Could the massive volume and decline in pps over the past few days be due to newly acquired warrant holders shorting in the mid-0.20's and covering in the 0.19's for a quick, albeit piddly, profit?

     

    My latest theory.

     

    Probably wrong, but I thought I'd ask.
    13 Jun 2013, 02:34 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Billa> In my view you have to accept turbulence to hold this stock at all. It has so many ways for it to be manipulated only JP could probably figure them all out. My only interest in PPS at this point is to recognize valid buying opportunities with halff a chance of their staying afloat. Just MHO.
    13 Jun 2013, 03:38 AM Reply Like
  • billa_from_sf
    , contributor
    Comments (369) | Send Message
     
    Looks like someone was shaking the tree in advance of the non-material ePower announcement.

     

    It would be nice if we retail holders were the ones to hear news first every now and then.
    13 Jun 2013, 02:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I got an answer from Jay Bowman on the battery array picture that led to so much speculation the other day.

     

    The picture was an experimental configuration he tried with the original group of PbC batteries that weren't quite meeting his needs. The problem was solved when Axion shipped the newer versions with electrodes from the automated sheeting line.
    13 Jun 2013, 03:50 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    JP, Great.
    13 Jun 2013, 04:20 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Good grief. You get your moment with Good Housekeeping to show your culinary skills and they arrive to find a "heart attack in a sack" takeout order from Mickey D's on your kitchen counter. So much for using your "worth a thousand words" space in the article well.

     

    Thanks for the clarification John.
    13 Jun 2013, 06:12 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Thanks much John. I have to say, it was personally a lot more fun talking about the picture than about scarce news and a shaky pps... ;)

     

    But good to gain the clarity. They've obviously got a very demanding application. That the ver1.0 PbC couldn't quite meet it but the ver2.0 could is an interesting bit of information. Sounds like they're operating near the outer margins of the PbC, and the improvement between versions is genuinely very significant. Increases realism, and thus credibility, of their claims and their whole enterprise, IMHO--ie they're not saying everything's sunshine and roses and that they're achieving miracles, rather, they're pushing a new piece of gear hard, exploring its envelope, encountering limitations, and seeing believable, real-world results.
    13 Jun 2013, 07:25 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    48: Without intending to start another firestorm of delays for needed testing, I've been wondering what a 16v PbC would bring to ePower's efforts ... hopefully after many other sales have occurred.

     

    HardToLove
    13 Jun 2013, 08:13 AM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    Perhaps Axion needs to supply NSC with some of those newer versions built with electrodes from the automated sheeting line.
    13 Jun 2013, 10:07 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    D-inv, Not without payment or some vision on a road to actually using the things. I think NSC has strung Axion along enough. That they slammed some sensitive area in the door by not doing their homework on Odyssey LAB's is not Axion's fault.

     

    They ran their studies. Make a decision. As TG said, The ball is in their court.
    13 Jun 2013, 10:17 AM Reply Like
  • 42itus1
    , contributor
    Comments (214) | Send Message
     
    >H.T.Love,
    When I have reviewed the AXION specs on their batteries, I don't see that there is any difference between the 12v and 16v versions. In fact the specs. are even ambiguous regarding the voltage difference. Additionally, there is only one 12v version, but there is apparently a hidden screw that does change its' dynamics to some degree (aka., tune up screw?) known only to New Castle and NSA.
    Given all the information available, I just don't understand why more entities aren't adopting this tech. for their state of the art secret projects.
    13 Jun 2013, 10:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    42titus1: The 16v SOC "sweet spot" puts it squarely in the 12V operating range, IIRC. The difference is just the number of cells. What this would mean is that systems designed for 12V could be serviced with fewer changes to the various systems that see the voltage while keeping the battery in the desired SOC range for longer periods with less effort.

     

    Whether this would be significant, I don't know. But the PbC loses voltage linearly to the SOC. So while a standard LAB/AGM maintains a more constant voltage as it is discharged, the PbC voltage drops rapidly.

     

    By starting with a higher voltage design PbC that is run around the 12v range, ISTM that that some things might work better with fewer changes. OTOH, if a system can use the 16v range, that can be serviced too with less amperage flow, meaning the battery doesn't discharge quite as fast.

     

    Just conjecture, but I thought it was worth considering.

     

    HardToLove
    13 Jun 2013, 10:44 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    42, interesting idea. A 16v battery is 8 2v cells. Could there be a connector that changes the battery to 4 cells in series, and 2 pairs in parallel? If the cells auto-equalize, maybe it could work well. Convert a 16 to 12v batt. More flexibility for testing?

     

    My "dream" circuit would be a battery system that reconfigured from parallel to series dynamically as it discharged. Could this be a partial implementation?
    13 Jun 2013, 11:04 AM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    42itus1 said " known only to New Castle and NSA."

     

    Did you mean NSC, or do you think the secrets reside somewhere in the server farm in Bluffdale, UT?

     

    Side note: this is officially my comment #1000, according to SA's score card. But funny thing, yesterday I was at 999 and then it dropped to 998, so I assume that a comment or response to someone's no-no comment got zapped by SA's PRISM lasers as I was watching.

     

    ;-)
    13 Jun 2013, 11:54 AM Reply Like
  • 42itus1
    , contributor
    Comments (214) | Send Message
     
    >H.T.Love,
    I absolutely agree that the 16v iteration is worth considering and may be just the ticket for ePower's next generation system.

     

    However, I couldn't find any of the information (specifications) you have provided at the AXION site, thus my confusion. While I understand the concept of a nominal (or theoretical) 2v/cell and that a 16v PbC would have 8 cells rather than the 6 cells in a 12v battery. Beyond that there is no official or real information regarding these batteries. eg., ver.1 PbC apparently had a less effective anode design/assembly, and/or lacked the "hidden screw" for tuning it, and/or ???

     

    Point being; THERE ARE NO SPECS ON THE AXION SITE OR ELSEWHERE, THAT IS WHY THERE IS NO DIFFERENCE BETWEEN THE 12v & 16v BATTERIES TO BE SEEN.

     

    Our mutual understanding of this mystery battery is based on way too much conjecture to afford much ability to fairly assess what might work or not work.

     

    I do not accept the notion that AXION can NOT provide more REAL info regarding their batteries without acknowledging defects, breaking any NDA's (AXION needs to realize that the AXION NDA does NOT apply to AXION itself), or exposing proprietary information.

     

    >SMaturin, NSA's backup bunker in XXXXXXXXXX,XXXX!

     

    Sorry for the rant about the secrecy, but I can't remember if I took my medicine today!
    13 Jun 2013, 12:13 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    SMaturin, For your announcement.

     

    OT

     

    ;)

     

    http://bit.ly/12q8hR2
    13 Jun 2013, 12:24 PM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    ii,

     

    Thank you sir, I feel honored!
    13 Jun 2013, 12:34 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    42itus1: *IIRC*, the stuff I spouted about the sweet spot and voltage drop came from stuff JP had? When he's back at the KB, I'm sure he's got links to presentations or something that laid this out.

     

    Or maybe someone else already has it stashed where they can easily find it, unlike I. I came late to using keywords in bookmarks! :-(( Didn't ever imagine I would need them.

     

    HardToLove
    13 Jun 2013, 01:00 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Guys, I believe 12V or 16V doesn't matter for a string. For the same total volume of case you're going to have the same amount of power and energy. Let's say you want 384 Volts output from your string. You can either have a string of thirty-two 12V batteries in series or a string of twenty-four 16V batteries in series to get there... but if the individual case sizes are the same, ie the 12V and 16V batteries are the same physical size, then your twenty-four case string will necessarily store less energy and deliver less power than the thirty-two case string, because the individual cells will all have to be smaller to fit 8 of them in a case vice 6. Similarly, if you want to compare two strings of thirty-two batteries, one made up of 16V and one made up of 12V, obviously the string of 16volters will give you 512V output while the string of 12volters only gives you 384V.... *but* the 384V string will deliver more current than the 512V string, again because the individual cells are smaller in the 16V PbC compared to 12V PbC...
    13 Jun 2013, 03:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    48: "store less energy and deliver less power"

     

    I believe part 1 is correct, but part 2 is not correct. Power is alwys volt x amps at the basic level. So for a given time period higher volts times the same amps you have more power.

     

    But as Rick has discussed, the load determines a lot of the effective delivery characteristics, something I vaguely recall as "power factor"?

     

    I could be wrong, but I think that you can keep the same number of batteries in play - just run some of them in parallel rather than series? If so, this keeps available energy somewhere in the same ballpark while delivering the same (required) voltage. Somebody knowledgeable should weigh in here - I know it would take some math and understanding of current flows and whatnot as the DCA of the total assembly would be improved by having (part of) the string in parallel IIUC.

     

    HardToLove
    13 Jun 2013, 04:59 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    HTL & 48 -

     

    Power factor is unrelated to this discussion.

     

    In a gross way, 12v vs 16v strings do not matter too much as far as total energy (kwh). 32 batt (12v) x 73 lbs = c. 2200 lbs of lead, which is 16 kwh (for PbC). If the 2200 lbs of lead is 2v, 12v, 16v, or 24v, the energy stored is about the same (16kwh), regardless of serial or parallel or total voltage.

     

    The devil is in the details. Having one humongous 2 volt cell is impractical as an power battery. I can't find a wire calculator for this; perhaps you need a one foot diameter wire. (random SWAG). For a 384v voltage, you need 192 cells. It does not matter much whether they are grouped in boxes of 6 or 8. I do not know whether fewer external connections with 16v batteries is less resistance than fewer internal connections with 12v.

     

    For more power (kw), generally use more cells / higher voltage. For high power, perhaps use 384 or even 768 (tiny) cells. If the total lead content is still about 2200 lbs, the energy content is the same.

     

    If more than 16 kwh is needed, more lead is needed, regardless of configuration. Additional lead may not fit neatly into 73 lb units.

     

    (Some of the lead in batteries are connectors, and not acting as electrodes. 2200 lbs Pb is a guesstimate. Energy storage capacity is not necessarily linear over all voltages and sizes. Kwh ratings are dependent on charging and discharge rates, etc. YMMV.)
    13 Jun 2013, 05:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Thanks Rick!

     

    HardToLove
    13 Jun 2013, 06:40 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Weird that the PbC wasn't working out so hot from the jump. Stranger still that he allowed this photograph into the article and hence it may mislead some.

     

    Kind makes one wonder if BMW and NS will also benefit (or even waited for) from PbC ver 2.0+
    14 Jun 2013, 05:19 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    OT, GE gives 7 tips to utilities

     

    http://bit.ly/17JdpSF
    13 Jun 2013, 06:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    06/12/2013: EOD stuff partially copied from instablog (up in ~1 hour).
    # Trds: 112, MinTrSz: 357, MaxTrSz: 30000, Vol 537910, AvTrSz: 4803
    Min. Pr: 0.1900, Max Pr: 0.2000, VW Avg. Tr. Pr: 0.1942
    # Buys, Shares: 39 120907, VW Avg Buy Pr: 0.1968
    # Sells, Shares: 62 377011, VW Avg Sell Pr: 0.1933
    # Unkn, Shares: 11 39992, VW Avg Unk. Pr: 0.1952
    Buy:Sell 1:3.12 (22.5% “buys”), DlyShts 107142 (19.92%), Dly Sht % of 'sells' 28.42%

     

    Looking at the traditional TA-type charts, I don't see a quick rebound in the cards based on that. We've developed a cascade-down pattern that may have bottomed, in contrast to the two recent prior “spikes” down and immediate recovery. [opinion] This is no doubt an effect of the financing news and/or participants. Any recovery will likely be much slower until some *real* news comes out.

     

    This round of financing sent arrows right into the heart of the *investors*.[/opinion]

     

    A very unusual trade trade before the open ($0.20x2.5K) and one after the close ($0.1935x2.5K) do not appear on the FINRA data. Adding these to Finra's total volume would move it from 532,910 to 537,910 and reduce the short percentage from 20.11% to 19.92%. If we also add it to the day short sales, short volume moves from 107,142 to 112,142 and short percentage moves to 20.85%.

     

    We had a choppy day in a very narrow range that started high ($0.20), dropped to the low of $0.19 by 09:50 and stayed pretty low (high of $0.193) through 13:09. By 13:25, up as high as $0.1999 but no follow-through on volume traded and we retreated to $0.191 by 15:42. we were fortunate to close at $0.1997 on a 10K trade at 15:59.

     

    Having said that, I was glad to see the reduced volume (two prior days both ~1.3MM with only about a 29K difference) on a day that exhibited weak trading price action. Let's hope volume continues to taper of, at least briefly, so that we might conclude the selling rush is over. This is not supported by the buy:sell, yet, but that may be an indication that almost everyone that wants out (for now – next month might have a new bunch) is out.

     

    Average trade size can't be measured in the same range as previously now because the “standard present” is now 5K, rather than 2.5K, in the range below $0.20. So today's average size is very small and not what I would call “retail”. But there is some misleading behavior in the market. I noticed over the last few days many groupings of three trades that looked, due to things I've mentioned before, to be a single trade. A common sequence might be a buy or sell of 2.5K, one or more times, followed immediately by a trade(s) in the opposite direction. I think this might be MM action doing one side of their trade and then immediately offsetting the exposure by trading the opposite side. This masks the true size of the trades being serviced. This could also mean that we are seeing a volume closer to the 2:1 ratio of volume to orders that JP has mentioned in the past. How much closer I can't even guess.

     

    The shorter-term buy:sell averages are weakening, but not yet in absurdly low ranges. If we do the normal vacillation, which includes some moves up, we should start to stabilize. This can only happen if the sellers' mindset moves to waiting for buyers to hit the ask, rather than sellers feeling the need to hit the bids hard. If our sellers are the “financiers”, I don't look for this change. If they are mostly done for now at this price level, we have a chance to see it.

     

    The daily short sale percentages have been trending lower since the end of May, but the real volume hasn't trended so steadily. In thousands, beginning 5/30: 49.70, 108.77, 95.00, , 30.50, 72.97, 192.60, 131.80, 246.51, 309.20 and 107.14. The percentage decline is generally a result of the increased trading volume.

     

    Combining the short data with the thoughts about the average trade size, I think the *real* short *percentage* is also still very high. There's no way to support or counter this thought because we can't get even a ballpark (frank) estimate of the ratio of trades to (sell) orders and quantities. But my experience after watching for a long time makes me feel this is likely.

     

    My original inflection point have all six periods with deteriorating one-day changes. Over five days, four of the six are weaker with only the 10 and 100-day values showing a small improvement. The average rate of change over the five days has two weaker (5 and 25-day), one essentially unchanged and the 10, 100 and 200-day showing good improvement. This is really a reduction in rate of weakening, at this point, rather than signs of strength.

     

    My newer version is, right now, more positive. That's due to it considering additional factors (the “BangWhiz” variable? ;-) welcome back my friend – here's hoping you have great results and no stress this round). One-day changes had five of the six periods showing reducing weakness, with only the 10-day increasing weakness. The change over five days had the same configuration and the average rate of change over five days had improvement in five periods, *including* the 10-day, with only the 5-day showing a *very* small increase in the rate of weakening. For now, this jibes with my visceral assessment of what I see in the charts and the intra-day action. I know “visceral” doesn't count, but sometimes ...

     

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

     

    HardToLove
    13 Jun 2013, 07:19 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    MILWAUKEE, WI, Jun 13 (Marketwired) --
    ZBB Energy Corporation (NYSE MKT: ZBB), the leading developer of
    intelligent, renewable energy power platforms and hybrid vehicle control
    systems, today announced two distinct technology initiatives, one to
    enhance the performance of the cell stacks utilized in the current ZBB
    EnerStore(TM) 50 kWh product, and the other to develop a low cost 500 kWh
    flow battery system that leverages the aforementioned performance gains.
    ZBB has been working with an undisclosed, domestic, technology
    organization to develop specific materials to improve the efficiency and
    reduce the cost of ZBB's zinc bromide flow batteries, and formally
    entered into a development agreement with the organization in April of
    this year. The preliminary results of this joint effort, in conjunction
    with other internally developed advances, are expected to yield
    efficiency gains of up to 20% while simultaneously reducing materials
    costs.
    ZBB has also entered into a development agreement with an undisclosed
    offshore partner to develop the design of a new 500 kWh zinc bromide flow
    battery platform, providing less cost per kWh in markets requiring larger
    systems, such as utilities, grid connected microgrids and remote
    microgrids.
    "ZBB has aggressively pursued price and performance improvements for its
    zinc bromide flow battery products. We believe that the broad
    utility-scale market is now beginning adoption of energy storage, and
    that a sale price of about $500/kWh will accelerate market adoption.
    These design initiatives should enable our products to hit these cost
    levels. We are fortunate to have partners that can supplement the
    technical and financial resources of ZBB to accelerate these high
    leverage projects," said Eric Apfelbach, ZBB Energy President and CEO.
    "While still in the development phase, we believe the preliminary results
    will translate into significant performance gains as we commercialize the
    technology."
    About ZBB Energy Corporation
    13 Jun 2013, 08:37 AM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Axion Power Receives Order To Supply Class 8 Truck Battery Strings For ePower

     

    http://bit.ly/19uYQD5

     

    Axion Power International Chairman &amp; CEO Tom Granville commented, "Although this order is not material from a revenue point of view because it is for a single truck, it is an important step forward for the Class 8 truck fuel-saving program. ePower founder Jay Bowman and crew took the initial Class 8 truck, outfitted with PbC batteries and electronics, for a 1400-mile test drive designed, in his words, 'to try and break it.' They drove it hard, at times with a trailer and at times without one. They were happy with the test run, and have been pleased with the results of all the joint testing we have been engaged in, and after this test, decided to move forward and convert the second truck with our PbC batteries. While we will continue to try and improve the fuel savings achieved with the ePower system combined with our batteries, I think this re-order is evidence of ePower's satisfaction with our PbC product. It also speaks to their commitment to our combined technologies going forward as we progress to the next step validation in small-fleet application."
    13 Jun 2013, 10:41 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    Ahhh, The second truck. I've been wondering about it and thought it should happen soon. Maybe the AGM's finally died and the PBC was far enough along?

     

    Thanks Milhouse. :)
    13 Jun 2013, 10:46 AM Reply Like
  • D Lane
    , contributor
    Comments (1212) | Send Message
     
    Thanks Milhouse. Nice to see a positive PR again, however immaterial.
    13 Jun 2013, 10:55 AM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    Very welcome news. At last a repeat sale. Don't know if it will have much effect on share price today, but a repeat sale is a repeat sale. And, the time lag between order #2 and #3 will quite likely be much shorter than between 1st and 2nd.
    13 Jun 2013, 11:51 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    "Very welcome news. At last a repeat sale."

     

    And the tortoise makes its move!
    13 Jun 2013, 12:32 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    YEAH !!!! Progress

     

    Axion now has ... finally ... Customer No. 1

     

    (or at least close to it. My definition is a sale to an end-user engaged in commerce and this is for another demonstration, test bed but I'm so dotty I'll take it as meaning ePower is serious about their product)

     

    YEAH !!!! Couldn't be more pleased.
    13 Jun 2013, 10:44 AM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    DRich, I suspect that the drive depicted to show the customer the revised truck with PbC batteries was in fact a drive to swap units so they could give the customer something that works and get the next truck revised for further tweaking. It'll be good for them to have the customer put some miles on it and give them some feedback. Clearly, as TG points out this is not material from an economic standpoint but it is good progress toward our first small fleet, It's also a good confirmation of Axion's words on this program and what John is able to share.

     

    I'm happy as well. Not giddy but smiles have been hard to come by.
    13 Jun 2013, 11:10 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Iindelco: Matching what I was thinking, quite a bit.

     

    There's implications from this beyond the second truck. Validation and/or refinement from an end-user of the gains in a real-world long-term use scenario.

     

    Word of mouth advertising that will undoubtedly occur.

     

    No long-term re-test before additional sales are likely to appear.

     

    Using the same 4 cylinder engine/generator - no waiting for Cummins and subsequent design/testing in at least a certain niche in their potential market.

     

    There is likely a niche within the broader class 7/8 applications that will do just fine with the current implementation, so sales can come from that segment even as development of the Cummins set up begins, if that's in the cards.

     

    When the Cummins solution comes out, confidence in ePower and PbC will be high based on the results achieved with the current set up. That should mean a shorter time to adoption of the new Cummins configuration by those that need the "Hill Climber" version when it's available.

     

    HardToLove
    13 Jun 2013, 11:28 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    "Clearly, as TG points out this is not material from an economic standpoint but it is good progress toward our first small fleet. It's also a good confirmation of Axion's words on this program and what John is able to share."

     

    Count me among those that is happy to see the communications department showing some life.
    13 Jun 2013, 11:51 AM Reply Like
  • LASF
    , contributor
    Comments (33) | Send Message
     
    Amen
    13 Jun 2013, 12:19 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    All good thoughts HTL.

     

    The one good thing, given it's a series hybrid, the addition of a new engine should be a tad easier than if we had some form of mechanical linkage between input and output. I do hope they get some sales going with this unit once it's robust though. I'd hate to wait another 6 months plus waiting for perfect when money is so expensive. Sell some long haul popcorn and potato chip trucks first and then build 6 cylinder trucks to haul lead to your partners plant!
    13 Jun 2013, 12:35 PM Reply Like
  • Renzo
    , contributor
    Comments (349) | Send Message
     
    Just came up:

     

    "NEW CASTLE, Pa., June 13, 2013 /PRNewswire/ -- Axion Power International, Inc. (OTC QB: AXPW), the developer of advanced lead­-carbon PbC® batteries and energy storage systems, today announced its receipt of a second order for PbC batteries designed to operate in string formation to increase fuel efficiency and decrease emissions in Class 8 trucks retrofitted by privately held Florence, KY-based ePower Engine Systems. The proprietary batteries and design for the ePower Class 8 application were featured recently in FLEETS AND FUELS".

     

    http://yhoo.it/19v0aFS
    13 Jun 2013, 10:47 AM Reply Like
  • Renzo
    , contributor
    Comments (349) | Send Message
     
    Should have refreshed before I posted. Thanks, Milhouse.
    13 Jun 2013, 11:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Renzo: We forgive you! Can't see stuff like that often enough! ;-))

     

    HardToLove
    13 Jun 2013, 01:09 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    There's our rabbit, folks.

     

    Bon appetite!

     

    Er, but its sorta.... Small. I hope everyone had a big breakfast.
    13 Jun 2013, 10:59 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2099) | Send Message
     
    trip: That rabbit may be small, but it has long ears! Like a central Texas jackrabbit ;-) They stick up and can be SEEN.

     

    Not exactly Customer 1, but a nice step. Especially the efficiency improvement validation.
    13 Jun 2013, 01:35 PM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    Siliconhilbilly,
    "trip: That rabbit may be small, but it has long ears! Like a central Texas jackrabbit ;-) They stick up and can be SEEN"

     

    Yes, and this one will do until we bag a heard of the rabbits we are really after...the elusive, fleet testing, Jackallopes! :-)
    13 Jun 2013, 03:10 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Did someone say good news? Awesome! 16 cents here we come! ;)
    13 Jun 2013, 03:53 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    "...and after this test, decided to move forward and convert the second truck with our PbC batteries."
    So, there has not been a second truck converted yet. Good to know they are going forward but, the progress is not as fast as assumed ... again.
    13 Jun 2013, 11:30 AM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >greentongue ... What ... ever ... has been as fast as assumed by impatient investors. I thought back in 2007 that Axion would be viable & in the market by 2009 ... and I'm still waiting.

     

    Kick back and have another Julep because this company ( and the entire energy storage sector ) is about as exciting as watching the corn grow. I am glad this year my neighbor farmer planted sunflowers to perk things up around here.
    13 Jun 2013, 11:36 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Drich: "as exciting as watching the corn grow."

     

    Well, there's your problem. Everyone knows it grows so fast, but not fast enough to see it do so, that you're supposed to sit at night and *listen* to it grow, which really is quite entertaining! ;-))

     

    HardToLove
    P.S. I hope "grow" is not banned on this site too!
    13 Jun 2013, 11:42 AM Reply Like
  • SMaturin
    , contributor
    Comments (2103) | Send Message
     
    GT,

     

    My glass is half full today. How about yours?

     

    And I just might add a few more drops on the dips.
    13 Jun 2013, 12:06 PM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    DRich,
    "Kick back and have another Julep because this company ( and the entire energy storage sector ) is about as exciting as watching the corn grow"

     

    Yeah, but once the corn sets its roots, and July heats things up, it grows awfully fast! :-) Let's hope Axion has set down some good roots.
    13 Jun 2013, 03:12 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >Lab Tech ... It takes "rain-'venue" to get it to grow and I seem to live where a good year is a Stage 2 drought.
    13 Jun 2013, 03:21 PM Reply Like
  • iindelco
    , contributor
    Comments (8763) | Send Message
     
    DRich, I sure wish we could send you some. Been raining cats and dogs seems like forever in upstate NY. I think if it doesn't stop soon the farmers are going to be looking at rotten everything.

     

    Can't even get out to cut the grass. Hey, there is an upside! :)
    13 Jun 2013, 03:54 PM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    DRich,
    I hear you. Would like to send some of the rain we have been having down here your way.
    13 Jun 2013, 05:00 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    Question for the collective. Which EPA emissions standards are more stringent, those for roadway engines or those for off-highway engines?
    13 Jun 2013, 11:54 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Definitely the highway/roadway vehicles because of the heavily populated areas...
    13 Jun 2013, 12:19 PM Reply Like