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  • Odd, no track box to click.
    16 Nov 2013, 01:48 PM Reply Like
  • Stilldazed: I found out, or someone told me(?), it doesn't appear until there's a comment.


    16 Nov 2013, 01:54 PM Reply Like
  • Thanks HTL,
    I thought I broke it. :-)
    16 Nov 2013, 02:00 PM Reply Like
  • Wow, everyone must be watching football.
    16 Nov 2013, 01:51 PM Reply Like
  • One area I think we might have missed pushing TG for more "color" (and accountability) on is securing a "strategic partner" for start stop battery production. As I recall the previous Conference Call, it seemed like there were active negotiations going on, and it was imperative that we do so to have a chance with BMW. A more forthright CEO would have given us an update on this seeming key requirement, and a more determined shareholder base might have pushed harder for an update, even if he couldn't really tell us much if he's really in the middle of a serious negotiation. Sure would like to know if he feels like we're close though to "solving" the precondition for BMW (and who knows, maybe NSC too.)


    I searched the transcript for the word partner, and this is the most interesting:


    "But it’s the automotive industry and they go at a slower pace and they go at their own pace and there is nothing that we can do to speed them up or influence that. Yes, it is a significant market opportunity. And it’s something that we’ve continued to work on. We’ve worked with more than one partner we are working with more than one strategic partner to try to penetrate that market."




    Related ... referring to BMW would be my guess:


    "This is one of those items that I was just referring to, this scenario that we don’t have any control over are, our work has not slowed down at all. We’re continuing to do the thing that they ask us to do. As I have stated on other calls, if you would have asked me three years ago, would we either have an order or would we not be working with the – in the automotive realm and working with these companies, I would have said it’s going to be one or the other. But that’s not the case.


    They move at their own pace. Our projects continue with them while we continue working with them, in fact we have a meeting I believe it’s the week after Thanksgiving with them a larger meeting than we’ve had in the past. We’re continuing to work with them. There isn’t anything that we see that is going to prevent us from continuing to work with them in the future.


    There is nothing that they have found that would lead them away from us, at least certainly nothing that they’ve revealed to us. I can imagine that they would be spending the amount of time and resources what they’re spending if they weren’t serious about it"


    Wouldn't you love to be a fly on the wall for that meeting? :-)
    16 Nov 2013, 03:22 PM Reply Like
  • WTB: "Wouldn't you love to be a fly on the wall for that meeting?"


    At this stage I'd rather be a cow on the wall with a bad case of diarrhea. :-))


    Look out below!


    16 Nov 2013, 03:52 PM Reply Like
  • WTB, I'd rather have a specific gantt chart from a certain project team at BMW in Antwerp Germany.
    16 Nov 2013, 04:26 PM Reply Like
  • HTL
    "At this stage I'd rather be a cow on the wall with a bad case of diarrhea."


    in this case I will go with audio instead of smellovision.
    16 Nov 2013, 06:30 PM Reply Like
  • >iindelco ... Like I implied earlier, BMW looks like it is in field trials using NatGas.

    16 Nov 2013, 06:48 PM Reply Like
  • DRich, I didn't respond when I saw your, short term. change to that moniker but.... It was GREAT!


    Udderly amazing. It's methane's response to on board H2 generation.


    I could also make a few more humorous remarks but I'll just leave it to one of the masters and depart saying.


    ." "Ha-cha-cha-chaaaaaaa!", "I got a million of 'em" "


    Can't beat that.


    16 Nov 2013, 10:04 PM Reply Like
  • DRich: LoL!


    17 Nov 2013, 06:26 AM Reply Like
  • Good night, Miss Calabash, wherever you are! Like it!
    17 Nov 2013, 09:31 AM Reply Like
  • I hope no one minds that I moved this to this new Concentrator. I wonder what thoughts anyone has on the subject:


    I hope I didn't just miss a discussion on this point, but could the batteries in the ePower sleeper cab act as an in situ APU without significant extra bulk or cost needed for the APU functionality?


    Could this be an additional selling point for the new-build or retrofit market?


    16 Nov 2013, 03:26 PM Reply Like
  • Renzo -- That idea is just cool !
    16 Nov 2013, 04:55 PM Reply Like
  • Renzo
    From the 2012 Q4 transcript:


    "Unidentified Analyst
    I was pretty sure at some time last 2012, I had read some form of a press release or some form of a statement, wherever your battery presentation was put up, that you were working with an APU unit supplier or a large OEM truck builder as far as the APU units for the no-idle situation?


    Thomas Granville - Chief Executive Officer
    We are working with large trucking companies, but you know I can't get into any more than that. It isn't just APU with other applications for them.


    Unidentified Analyst
    So, are you working with the foreign APU unit?


    Thomas Granville - Chief Executive Officer
    We are working with that application but it really – there is better low hanging fruit out there than that."


    The lower hanging fruit is SS for semis.


    While far bigger I'm wondering if APUs might be faster sales.
    But it has to connect to the OEMs systems so it might not be.


    Honestly if we had it today it still would be a while before it became anything.
    Also the Idea that we could hook into the 56 string battery of ePower for the ultimate APU was bandied about but that is for the future also.
    16 Nov 2013, 06:50 PM Reply Like
  • Renzo ... IIRC, JP has indicated ePower is well aware of the potential application but job 1 is developing the engine dominant hybrid truck tractor with high enough fuel efficiency to compete vigorously in the the truck rebuild market.
    16 Nov 2013, 04:04 PM Reply Like
  • Thanks for the comment, D-inv. I understand getting on the road with a working, efficient truck comes before ancillary concerns. I'm looking farther forward as a weekend gedankenexperiment.


    I would imagine that an in situ APU that utilizes existing power electronics and batteries to replace an expensive, high-margin option like an APU, would significantly improve profit for ePower.
    16 Nov 2013, 04:49 PM Reply Like
  • IIRC, four PbC batteries were planned for the APU. If this tap in were to happen, just think how long a trucker could hang out without idling with 56 batteries!
    16 Nov 2013, 09:01 PM Reply Like
  • Also imagine how powerful of an air conditioning unit they could utilize with the extra voltage along with the 56 batteries! This would solve the issue I have heard they are having with battery powered AC units when the temperature is 95 degrees!
    16 Nov 2013, 09:15 PM Reply Like
  • They could copyright "In Situ APU".


    Maybe just a little too Latin for most. :-)
    16 Nov 2013, 10:10 PM Reply Like
  • 11/15/2013: EOD stuff partially copied from the blog (up already).
    # Trds: 185, MinTrSz: 100, MaxTrSz: 100000, Vol: 1868919, AvTrSz: 10102
    Min. Pr: 0.1150, Max Pr: 0.1350, VW Avg. Tr. Pr: 0.1203
    # Buys, Shares: 92 719786, VW Avg Buy Pr: 0.1225
    # Sells, Shares: 92 1146883, VW Avg Sell Pr: 0.1189
    # Unkn, Shares: 1 2250, VW Avg Unk. Pr: 0.1150
    Buy:Sell 1:1.59 (38.5% "buys"), DlyShts 538550 (29.05%), Dly Sht % of 'sells' 46.96%


    There must have been some good expectations based on the 10-Q and the PR because we started bullish trading pre-market and continued for a good part of the day in that vein.


    Regardless, the PIPErs were still in evidence as the late-day weakness appeared, as usual, and converted a strong buy percentage to something more akin to recent “normal”. See the discussion of it ...


    These trades started the day's bullish action with trade prices of 10K at $0.1150 for the first and 5K at $0.1250 for the second. How bullish was it? Through 10:23 we traded ~582.7K shares with a buy percentage of 69.93% and a VWAP of $0.1242. Here's some arbitrary snapshots of ending time, buy percentage, VWAP and volume. The first three values are for the period end and the last three are cumulative.


    09:44:29 53.60% 0.1253 276300 53.60% 0.1253 0276300
    09:58:38 80.55% 0.1231 190270 64.59% 0.1244 0466570
    10:22:51 91.39% 0.1236 116117 69.93% 0.1242 0582687
    11:03:17 24.92% 0.1245 166499 59.93% 0.1243 0749186


    And we held up fairly well for three hours.


    12:00:38 35.72% 0.1183 349983 52.22% 0.1224 1099169
    14:00:12 53.94% 0.1195 197450 52.48% 0.1219 1296619


    But as I mentioned in a comment at 13:19, I had seen signs of weakening and the last two hours were a killer (yes, 14:00-15:00 and 15:00-16:00), as usual.


    15:01:22 19.96% 0.1190 187400 48.37% 0.1216 1484019
    15:43:06 01.48% 0.1153 128400 44.64% 0.1211 1612419
    15:59:41 00.00% 0.1157 256500 38.51% 0.1203 1868919


    Of course, this doesn't mean sentiment wasn't bullish, just that the ever-present PIPErs are ever-present. So we ended with the day's VWAP and volume up +5.69% and 2.25% respectively.


    More thoughts, numbers and the usual in the blog here.



    16 Nov 2013, 04:45 PM Reply Like
  • So-o-o-o-ooooooo based upon what we know today, and with an eye to speculation, if Alabama & FSU play each other, who wins the national championship?


    That should get us through two more rounds of plumbers crack.
    16 Nov 2013, 05:38 PM Reply Like
  • California storage appears to be a long ways away, but has significant time and expense now for a sale in 2016:


    "Southern California Edison solicitation of an additional 50 megawatts of storage that will be awarded in 2014 for installation later this decade. Even though we believe our systems offer a viable solution, the results of the first auction are a year away. The potential delivery of product is 18 to 24 months away."
    16 Nov 2013, 05:52 PM Reply Like
  • John
    Considering TG said the PC sales he was talking about were maturing for over a year. Having a year + time line for CA's auction, (Announced months ago) Axion's efforts don't seem out of line.
    16 Nov 2013, 06:37 PM Reply Like
  • Forgot to mention that was from the ZBB Conference Call. I sold my ZBB after the 5:1 reverse split. They are on their way back to the pre-split price, unfortunately.
    16 Nov 2013, 10:23 PM Reply Like
  • Please remember that in this California legislature other sources than 'just batteries' are considered batteries.
    17 Nov 2013, 12:08 PM Reply Like
  • New Castle News



    “This solar initiative is exactly the kind of application we have been targeting since we first introduced the PowerCube,” Granville added. “We have also been working toward an ongoing strategic relationship with both the developer and the end user of this initial solar system.”
    16 Nov 2013, 10:41 PM Reply Like
  • When the announcement for the PC sale came out some people said it was half a cube.On the call TG said it was 600 batteries.
    Which is a bit over 2 PC.

    there are 40 batteries in a module and 7 modules in a trailer as shown on the site.
    7 X 40 = 280 two of them = 560. a bit shy of 600 so two cubes and one module.
    Speculation here was less than one PC worth.
    Either I have something wrong or somebody's else did. (I think it was more than one who said it)
    16 Nov 2013, 11:03 PM Reply Like
  • I thought there were about a thousand or so batteries per PC.
    17 Nov 2013, 07:58 AM Reply Like
  • JP, If you have a moment, the 10-Q reports "166,837,411 shares outstanding as of November 7", your chart in the header above shows 200M (and has done for a few iterations I think).


    Are you predicting ahead? Or what am I missing here? Any chance of a quick recap as to where we are in terms of instalments left?


    Also, I note you have "EV" in the title, but the chart says "mkt cap", is the latter correct?
    17 Nov 2013, 08:22 AM Reply Like
  • The graph uses my best current estimate of fully diluted common shares. I had originally pegged the post-conversion number at 180 million shares but concluded a couple months back that 200 million was more likely given the stock's price performance.


    I use EV instead of market cap because I view the debt as a common stock equivalent, which means that EV and fully diluted market cap are the same number.


    Since early June a total of 53 million shares have been issued to the PIPErs in payment of $5,212,500 in principal and associated interest. So I think we're on track to clear the PIPEs at the 200 million share level. I'm currently muddling my way through an Instablog that will integrate what we know about recent stock issuances with what we know about recent trading activity. My tentative conclusion is that the PIPErs have accounted for well over 80% of all sell-side activity for several months. I hope to have the Instablog up in a couple days.
    17 Nov 2013, 08:42 AM Reply Like
  • jp, many thanks for the chart clarifications, all makes sense now.
    17 Nov 2013, 12:11 PM Reply Like
  • thx JP
    17 Nov 2013, 01:55 PM Reply Like
  • "We believe that the funds available at September 30, 2013, including the amounts of positive and new restricted account plus internally generated funds from product sales, will provide sufficient financial resources to fund our operations, working capital and capital expenditures into the fourth quarter of 2014." --- Steven Graham CFO


    After having a couple of days to think about the Friday cc, I'm actually feeling more optimistic than before the call. I think the above CFO comments primarily reflect anticipated PC sales, and most likely none to BMW and NS. I also thought the comments "resembled" what TG told APMarshall, and hearing this from the new CFO gives us somewhat of a second source. It all allays for me some of the concerns I've had about new financing being needed immediately on the heels of the end of the PIPE deal in April, 2014.


    I think the government shutdown did impact some anticipated 3Q sales, and this impact will most likely be resolved "in the next six months". TG's description of other pending sales was also encouraging, emphasizing none had cancelled, and all were progressing forward, albeit at a slower rate than he anticipated. It just seems there's a lot of irons in the fire.


    Perhaps an element of my optimism was going back and re-reading an article on the history of TG and Axion in a Batteries International publication about three years ago. It gives a nice history of how Axion struggled through its early years, and how key players helped it survive along the way. I found this snippet from the article on Bob Averill noteworthy:


    "Averill was a gifted mechanical engineer who had already co-founded three medical implant manufacturing firms that had all moved from R&D to profitable manufacture, and were all sold to blue chip corporations..."


    I'm not sure if Bob Averill is still on the board, but I think it's noteworthy that as recently as this past spring, he was still willing to continue to support Axion with his own money, and as the article points, has done so on numerous critical points in the past. Given his background in founding three separate successful companies, I don't think this is a small point.


    Anyway, just a few of my thoughts for this fine Sunday morning in Oregon. I think this 6-page article on the history of Axion, entitled "Against All Odds" is a good read, and can be accessed at the following link:

    17 Nov 2013, 09:17 AM Reply Like
  • Bob stepped down from the board this year after a decade of service. I was sorry to see Bob leave the board but surprised he stayed as long as he did given his wife's "you've made several fortunes but don't take enough time to enjoy them" attitude. Bob Averill is a war horse who loves working and regardless of formal lines on the organization chart, I'm confident that he'll do everything in his power to finish what we started a decade ago.
    17 Nov 2013, 09:34 AM Reply Like
  • I too am feeling more comfortable since listening to the CC. I am still not confident with TG's abilities or track record as to the timing of orders but I do believe him when he states that they will be coming at some point.


    The below responses to my questions from the CC tend to ease my concerns but I continue to be anxious for the arrival of one of those "significant orders" but probably not near as anxious as TG himself is!


    "Yes, unfortunately there are some things beyond our control. Naturally we’re very pleased with the order that we just announced for the solar panel project. We would have liked to been able to announce some of the other orders that we feel are very close at hand. There are like all things in life there are delays, the government shutdown being one of them. I really don’t want to get into that any further at this point.


    "But I’m disappointed that we haven’t been able to announce more than we’ve been able to announce on this call. I’m also very encouraged about the progress that’s been made on those projects. None of those projects have been taken off the board, none of those projects have received any kind of a serious setback or any setback whatsoever. And all of those projects have continued to move forward."


    "And that locomotive that we provided batteries for is still on the road that has nothing to with us, it’s beyond our control. We certainly wish it was on the road because we know that it’s keeping them from moving forward. We know that it’s keeping them from progressing and doing more of these units. They need to get that first one out there. And I don’t want to throw stones here so I’m going to stop at that point. But yes, we are confident going forward that we do have and will have those orders and it won’t be six months out."


    Maybe we will be blessed with a Thanksgiving present and if not maybe Christmas and if not then 2014 here we come! What else do we have to do but watch the paint dry! I just hope that what I am watching has actually been painted!
    17 Nov 2013, 10:16 AM Reply Like
  • I don't know what it is about getting first tier companies to write six and seven figure checks for business assets that embody new technology, but the process seems more difficult and time consuming than getting consumers to write three digit checks for status symbols.


    I guess outfits like BMW are reluctant to put their brand and engineering reputation on the line with a $400 component until they're completely satisfied that their product will exceed their customers expectations.


    FWIW, I never want to go through this agony again. Give me a company like ePower that will sell directly to the end-user and bypass the OEMs completely.
    17 Nov 2013, 10:28 AM Reply Like
  • Wayne,


    That article in Batteries International, together with the very informative and well written articles from JP were the piece of evidence that I had based my decisions on when I initially started my position in AXPW way back in early 2011.
    17 Nov 2013, 01:01 PM Reply Like
  • RBrun ... Didn't listen to the CC and have yet to read the CC transcript. Your quotes from the Q&A prompt me to do both sooner rather than later. What I see in the material quoted is three cohesive paragraphs addressing two separate markets -- two coherent paragraphs addressing solar panel type projects which reportedly continue to move forward and one paragraph on battery electric locomotives that ends in a prediction that orders won't be six months out.


    There is no doubt the partial government shutdown held considerable potential for delay of energy projects with federal financing or environmental impact statement approvals pending. 69.5% of DOE employees and 96.1% of EPA personnel were furloughed. Financing approvals pending verification of income via copy of tax return from the IRS was also subject to delay. Expiration of tax credit eligibility at year end pretty much assures principals pursuing any projects affected are monitoring current developments closely.


    EPA clearance of environmental impact assessment could also be at play with NSC. But such a contingency has not been put forward recently. Whatever the cause of delay in commissioning the NS999, the quoted statement of confidence in having locomotive-related orders within six months was unexpected. So unexpected (to me) that I want to listen to the CC tape before accepting the quote as presented in the transcript. If the tape confirms the transcript it may be time to get greedy.
    17 Nov 2013, 02:16 PM Reply Like
  • I think 6 mo orders from NS was not TGs intent in cc, rather PC orders from long courted sources. I do not believe TG will ever again predict orders from NS, auto etc over which he has no insight or influence. Maybe he makes the same mistake with PC. We shall see in time.
    17 Nov 2013, 06:39 PM Reply Like
  • D-inv,


    In my opinion you should listen to the CC while following along with the written translation as there are numerous misprints and some key words missing.
    17 Nov 2013, 06:55 PM Reply Like
  • anthij,


    I agree with you in regards to TG referring to the PC orders, not NS.
    17 Nov 2013, 06:56 PM Reply Like
  • anthlj, RBrun ... Thanks for the feedback. I've read and printed out a copy of the transcript with RB's suggestion in mind.


    A comment of note in the CC concluding remarks that I have not seen mentioned on the APCs --- "..., an increasing number of RFPs from four CONTINENTS ...." That extends the geographic scope of offshore interest well beyond some islands.
    17 Nov 2013, 08:13 PM Reply Like
  • RBrun
    "In my opinion you should listen to the CC while following along with the written translation as there are numerous misprints and some key words missing. "


    What ever do you mean?
    Personally I felt
    "flipping my arm" and 'Li Ion' were very close in meaning. :)
    17 Nov 2013, 08:15 PM Reply Like
  • Flipping My Arm batteries are used to store elbow grease. Latest green tech.


    SSSHHH! Don't tell anyone until we can get in on the IPO...
    17 Nov 2013, 08:21 PM Reply Like
  • froggey77,


    That's Perfect!


    17 Nov 2013, 08:53 PM Reply Like
  • John: "... brand and engineering reputation on the line with a $400 component until they're completely satisfied that their product will exceed their customers expectations}.


    From what we've seen on the Beemer boards, they made a gaffe of some proportions putting that all on the line with an s/s system that both is not as smooth as many others, based on various articles we've seen here, and has a lot of reported battery-related issues requiring service appoints and various degrees of white-wash (blaming the driving profile) and/or expense (charges for service or even replacement?).


    My take is they may have been penny-wise and pound-foolish in this instance. Of course, anecdotes are really no proof of anything at all, except in the ultimate consumer's POV usually.


    17 Nov 2013, 10:39 AM Reply Like
  • From what Iindelco has told us, it seems that automakers build technology in generations and while the first generation is usually a bit of a yawn the second is usually a good deal better. We know for a fact that BMW wants to build a better stop-start but sees better batteries as a pacing factor. Their first generation stop-start is going into its sixth year so I suspect things are heating up for their second generation plans. I'm just hoping those plans include a PbC for hotel loads and regenerative braking.
    17 Nov 2013, 12:50 PM Reply Like
  • JP,


    I understand and agree with not having the desire to go through this again. Although I have been around this story for a couple of years I have not a fraction of the time, energy and focus that you have invested in this story. I have been involved in many others in the past and one that finally was given its last rights earlier this year after 15 years of hopium invested!


    The issue I have had with this story was the TG predictions that sucked me in only to be disappointed with the failure to deliver. It is very much similar to my 15 year old story of the "significant orders" being just around the corner but never coming to fruition. I have been fighting myself in regards to whether I should continue to stay involved in this story with the fear of another 15 year repeat.


    At this time I am still in the game based mostly on the fact that the PbC has proven itself and I am convinced along with the others here that the numerous markets are HUGE! The tick tock of the clock to cash flow positive and the need for another toxic funding is the present danger. If TG is not telling us mistruths and those orders are near then all should be well and our party will be starting in 2014 and who would want to miss out on what could be one of the biggest and best parties of our lives!


    Yes I am an eternal optimist, all of my family and friends will jump to support that but my optimism here is based on many facts which have been presented mostly by the immortal JP!


    I am off to celebrate my fathers 86 birthday. I made the trip to beautiful rainy overcast Ohio for the big event. I fly back to Florida on Monday and to take my seat on my Harley while the paint drying process continues!


    17 Nov 2013, 11:03 AM Reply Like
  • The best event in my entire history with Axion was a fluke. I picked up a client named ePower that gave me a chance to see the PbC through the customer's eyes. It has been a tremendous eye-opener because I finally understand that the PbC is in fact far more battery than we hoped it would be a decade ago.


    I read a novel a while back about a long-lived alien race that spent a century hunting their young for sport during late adolescence. Those that survived were welcomed as members of society.


    It's the same drill with the first tier OEMs. They spend years trying to kill you with sadistic validation testing and then welcome you to the brotherhood. Sometimes long-term survival matters, even if the process is painful.
    17 Nov 2013, 12:40 PM Reply Like
  • JP, do you remember the name of the book?


    Did you find it worth reading?


    Is publicly calling you a partner a sign of the welcome?
    17 Nov 2013, 01:58 PM Reply Like
  • The Algebraist by Ian M. Banks. I enjoyed it immensely. It was also the source of my favorite book quote of all time because this particular race of long lived aliens was not burdened by "the vulgar exigencies of objective truth."
    17 Nov 2013, 02:20 PM Reply Like
  • More future world stuff. All this 5-5-5 stuff is years and years away. And the Nano stuff is as JP suggests. Not Nano-priced.


    A Gooey Cure for Crack-Prone High-Capacity Batteries

    17 Nov 2013, 02:29 PM Reply Like
  • Based on the history of the battery industry, I suspect the temporal element in the sequence is decades rather than years.
    17 Nov 2013, 02:33 PM Reply Like
  • "Now that they’ve made the first demonstration, Cui and Bao are working on fixes that would allow their self-healing silicon battery to go through more charge cycles. “We’re just starting,” Cui says."


    Hey, at least they are honest about the fact that they are just getting started at developing this process, instead of claiming it will be in full production in a year or two.
    18 Nov 2013, 12:25 PM Reply Like
  • LT, I hope there are 500 million Axion batteries out there they can add their magic juice to. A billion of course would be better.
    18 Nov 2013, 12:47 PM Reply Like
  • VW: AFAIK the carbon Pb stuff doesn't have the same swelling characteristics that cause the cracking. For our stuff, IIUC, it acid stratification, grid corrosion and sulfation (large crystal formation) of the lead surface that is the problem.


    Their magic elixir should benefit us much.


    18 Nov 2013, 01:00 PM Reply Like
    "Study finds rates of LDV fuel consumption in US peaked in 2004; indications of peak motorization"


    Imagine the story line if the auto OEMs had adopted the PbC for S/S. Once ePower and NSC (hopefully) get their HEVs and EVs rolling the storyline should address transport liquid fuel consumption and not just for LDVs.
    17 Nov 2013, 04:49 PM Reply Like



    We need the fuel savings!
    18 Nov 2013, 12:39 AM Reply Like
  • You mean it's not the Industrial Policy experts who jump to what they want the future end-game to be that are making a real difference? Millions of people making making choices for themselves; producers making changes that succeed or fail is so capitalist. That was a Cold War tactic. It doesn't belong in the new Government managed economy.
    18 Nov 2013, 01:27 PM Reply Like
  • Self-Healing Battery Becoming a Reality


    "The development of a self-healing battery is quickly becoming a reality. These batteries have the potential to revolutionize technology. If batteries had a self-healing capacity, the performance of many technological devices would be increased. The performance of items such as cell phones, solar generators, and electric cars are limited by the storage capacity of the batteries that power them, and the charge that the batteries can hold...."

    18 Nov 2013, 03:36 AM Reply Like
  • And if it takes as long to bring this to fruition as it does most new revolutionary batteries, I'll have cashed in on AXION and left batteries to other investors who will, in their own time, learn the truth about batteries and battery salesmen.


    18 Nov 2013, 11:22 AM Reply Like
  • thotdoc,


    +1 to your remark.


    My next developmental investment will be a seedling redwood forest lumber planting.


    It's gotta be quicker.
    18 Nov 2013, 12:44 PM Reply Like
  • Hmm...I see Tesla is down another $11/share today on worries over a law firm looking into their reporting of GAAP vs non-GAAP revenue. Now where have I read a discussion of this before???


    Ah, and now I see another law firm is trying to do a class action on the safety of the car. The sharks are smelling blood in the water and they are starting to circle.
    18 Nov 2013, 12:52 PM Reply Like
  • LabTech, All inconsequential. Five years out with NUMMI pumping out 500k vehicles/year and a battery giga-factory the world will have changed forever. :-l


    BTW, I'm SHOCKED to hear about the legal firm investigation. I guess it's just like with Tesla's batteries. Business often suffers from parasitic losses as well. We'll see how Elon Tweets himself out of this because by definition it seems cut and dry.
    18 Nov 2013, 01:09 PM Reply Like
  • I usually ignore law firm investigations that arise because of a price decline, but I think that a lawsuit based on dummied up non-GAAP financial reporting might have serious legs. It will be a fun investigation to watch.
    18 Nov 2013, 01:18 PM Reply Like
  • JP-My prayer of the day: May you be a right on AXION and the size of the battery market in the future, as you have been on Telsa.


    Timing isn't everything. Where it all ends up is more important.
    18 Nov 2013, 02:09 PM Reply Like
  • IINDelco,
    I found it hilarious the other day when Musk was complaining about the media giving too much attention to the crashes. Umm... that would be the same media you were using for all your tweets to drive the stock price up...right??
    18 Nov 2013, 03:25 PM Reply Like
  • LabTech, It's like being a rock star. They are there when you have your makeup on and off. You don't get to choose.
    18 Nov 2013, 03:34 PM Reply Like
  • "Timing isn't everything. Where it all ends up is more important. "


    Uuum, not so sure.. U.S. Vital Statistics suggest my reasonably expected years remaining extend to a bit more than a decade from now. The last three-to-four of those have high probability of impaired faculties. My children and grandchildren would not have a clue about Axion's potential without doing a great deal of DD. Looking for Axion to achieve liftoff sooner rather than later.
    18 Nov 2013, 02:43 PM Reply Like
  • Way OT - Up for a little levity on a slow day?


    To Life: Vanessa's Wedding Surprise

    18 Nov 2013, 03:19 PM Reply Like
  • Way OT but way fun.
    18 Nov 2013, 03:43 PM Reply Like
  • Nat Gas trucks and Peak Demand:
    18 Nov 2013, 05:05 PM Reply Like
  • Looks like maybe one of the original PbC developers has gone rouge? Arkadiy Klementov


    Melody(Zhonghui) Rong


    Past: Chemical Engineer Intern (Interns for Indiana) at MegaJoule Storage Inc.


    May 2013 – August 2013 (4 months) Cleveland ,OH
    • Specified material selection and oversaw equipment to drive development of Lead Carbon Asymmetric Capacitor for energy storage
    • Implement experimental design and solutions from modeling to identify critical parameters and correlations of parameters for optimization of both conductive and nonconductive anti-corrosion coating on current collector of capacitors
    • Modified coating procedure in collaboration with all levels of internal staff to enhance corrosion protection performance without negatively influencing conductivity of 10 kW five hour PbC capacitor device



    Arkadiy Klementov


    Current Senior VP and Co-founder at MegaJoule Storage Inc.

    18 Nov 2013, 07:19 PM Reply Like
  • Slide 41


    5000 cycle design
    Recyclable materials
    Natural cell voltage balance claimed

    18 Nov 2013, 08:35 PM Reply Like
  • Interesting find, iind. Thanks. Was intrigued to see the presentation focused entirely on time shifting with no mention of frequency regulation. Also interesting that partial state of charge was ignored.
    18 Nov 2013, 09:57 PM Reply Like
  • If Aquion has a battery that's cheap enough to do time shifting it will be a world beater. I wish them the best of luck because it looks like there will be little or no overlap in the Venn diagram.
    18 Nov 2013, 10:11 PM Reply Like
  • John, Aquion is just one of the two storage systems mentioned. The guy I highlighted is developing PbC from what I can see.
    18 Nov 2013, 10:24 PM Reply Like
  • If MegaJoule completes the development of an asymmetric lead-carbon capacitor it will be up to Axion to decide the appropriate action to protect its patent rights. I do find it more than a little curious that the system is "optimized for a C/5 rate," or a 5 hour discharge, when the biggest strength of the PbC is cycling at rates of 3, 4, or even 5C.
    19 Nov 2013, 06:53 AM Reply Like
  • Froggey, Did you delete your post on Tesla news?
    18 Nov 2013, 08:45 PM Reply Like
  • IIndelco
    Yes It took a couple of hours to put together and when I tried to edit it, SA chopped it in half. The middle is missing and I'll have to look up a bunch of stuff.
    I don't know that i want to spend the time again as I have to go.
    I didn't intend on making a long post but it kept growing.


    Here's the ending


    TSLA): Tesla is apparently in negotiations with South Korean firms LG Chem and Samsung SDI to help supply it with the needed batteries for its cars, though Tesla’s vice president of investor relations, Jeff Evanston, acknowledged that it would take "several years" before other companies — in addition to Panasonic, its current supplier — were qualified to supply batteries to Tesla. The news comes shortly after Tesla expanded its agreement with Panasonic.


    "several years".
    Fortunately this is Elon and there for it is not a problem. :)


    An interesting sales pitch


    SolarCity Partners with BMW – i3 and i8 Owners to Receive 10% Discount on Home Solar


    Which brings up the information that Solar City was written up by Barrons
    Dark Clouds Over SolarCity
    "Celebrity entrepreneur Elon Musk adds allure to solar-energy operator SolarCity, but there are big questions about government incentives, on which the company relies."


    " Barron's recently reviewed a database listing 153,628 solar contracts in Arizona and California, and found that SolarCity's reported values are significantly higher than those of similar companies. In Arizona, its values exceeded rivals' by 35% in 2011; 15% in 2012; and 20% this year, through mid-August. In California, the company reported higher market values than the industry from 2008 through 2011, and again in 2013.
    SolarCity has argued that developing leases costs more than selling systems outright, which justifies a higher reimbursement."


    As A guess I expect it is about $0.01 more but what do I know.


    Barrons conclusion was to stay away.


    The article has resulted in a Congressional Inquiry


    "SolarCity is already under investigation by the Treasury Department’s inspector general, who is looking into whether the company may have misrepresented the fair market value of the solar systems it installed. A review by Barron’s of 153,628 records from databases of solar contracts in California and Arizona showed SolarCity had repeatedly reported fair market values at higher rates than competitors. The Internal Revenue Service is also auditing some of the company’s financing funds, which SolarCity depends upon to pay for panel installation."


    SCTY also dropped today. (Over 4% to Tesla's 10%)
    18 Nov 2013, 08:52 PM Reply Like
  • Froggey, Thanks. I saw it and was reading one of the attached links and then, Poof, it was gone. I figured you spent some time pulling it together. Shame.


    Thanks again.
    18 Nov 2013, 09:03 PM Reply Like
  • @Froggey: "" Barron's recently reviewed a database listing 153,628 solar contracts in Arizona and California, and found that SolarCity's reported values are significantly higher than those of similar companies. In Arizona, its values exceeded rivals' by 35% in 2011; 15% in 2012; and 20% this year, through mid-August."""


    Froggey, I'm shocked!!! Shocked!! I'm in Phoenix and I got quotes from SolarCity for an install. I never pulled the trigger largely because of the Barron's article and it just didn't pass the sniff test.


    Also, SolarCity quit doing ground mounts in AZ, and would only quote me a roof mount. No way.


    I still haven't pulled the trigger on solar. My temperamental side is waiting for my investment in Axion to pay for the installation... so I guess it will be a while anyway.


    Thanks for your numerous write-ups with data on EVs and HEVs. I enjoy reading them.


    18 Nov 2013, 11:23 PM Reply Like
  • Thanks guys
    19 Nov 2013, 08:18 PM Reply Like
  • This is a research report from MS that opens the door for the Axion battery. MS is using small fuel cells at the server farm level to save a good bit of money and wants to expand the program to the rack level to save even more money. But, the load varies quite a bit and the fuel cells don't change output very easily, so they need to use batteries to manage the variation. This is a lot of batteries. I apologize if this application is not for the battery but it seems to be in how I'm understanding what MS wants to do.
    18 Nov 2013, 09:51 PM Reply Like
  • >thotdoc ... It is a perfect application for the PbC or a bank of capacitors which one is better is a matter of time required for the fuelcells (or any other energy source) to assume the load. Primary energy source is allowed to operate at near steady state. It is similar to the peaking shaving the load of an electric motor starting.
    18 Nov 2013, 10:07 PM Reply Like
  • The battery system that could close down coal power


    "Hiersemenzel doesn’t think much of smart grids. “I don’t have a problem with smart grids, I just don’t see their business case. I don’t think we will use electric vehicles, smart phones or washing machines to stabilize the grid.


    “We don’t need duplication of communications with normal grid. We should not let IT people get too much further into the grid, we should leave it as simple as possible.”"

    18 Nov 2013, 10:44 PM Reply Like
  • Anyone know why we had late day strength instead of late day weakness? Is Mars (or was it Mercury) still in retrograde?
    18 Nov 2013, 11:26 PM Reply Like
  • Mercury retrograde ended on the 10th, a couple days before the sale announcement.
    19 Nov 2013, 06:55 AM Reply Like
  • O.R.: Don't know why and don't think it was all that great. As mentioned in my blog postings, we've had this a few times recently.


    Here's some arbitrary snapshots of ending time, buy percentage, VWAP and volume. The first three values are for the period end and the last three are cumulative.


    N.B.: InvestorHub (ADVFN) "trades" screen appeared to mis-classify some trades in periods of rapid change of bids and asks. The below are the *uncorrected* data results. Corrected has a better buy %, about 7 percentage points, at EOD.


    10:02:50 73.86% $0.1214 326680 73.86% $0.1214 0326680
    11:02:57 23.74% $0.1175 294900 50.08% $0.1196 0621580
    11:59:15 38.60% $0.1188 177200 47.53% $0.1194 0798780
    12:58:22 12.15% $0.1177 254305 38.99% $0.1190 1053085
    13:57:09 33.85% $0.1172 084650 38.61% $0.1189 1137735
    14:55:23 28.57% $0.1172 070000 38.02% $0.1188 1207735
    15:42:56 00.00% $0.1184 095500 35.24% $0.1187 1303235
    15:59:13 28.37% $0.1194 070500 34.89% $0.1188 1373735




    EDIT: Oh, BTW, maybe I do know. CANT and ARCA both made brief appearances on the bid side at higher than normal areas whenever the bid started to sink too low. Once bid recovered, they disappeared. This happened a couple times, including later in the day.


    My TFH is humming right along.
    19 Nov 2013, 05:54 AM Reply Like
  • HTL,


    My intuition tells me AXPW is going below 10 cents for some reason. We are all desperate for some sustained sales news that could carry us along the Valley of Death, but all I can see in the horizon is just 300K here, 300K there. There is no reason to suspect ESS buyers will be aggressive in buying the Power Cubes.


    One hope that I entertain is NS coming out with a 50-100 locomotive fleet testing at some point in the near future, but that likely won't happen until early 2015, and I believe we will need funding much earlier than that. If one were to go with TG's record of predictions, then the deck is still stacked against us and the next fund raising will also be painful.


    I hope I am wrong on this one!
    19 Nov 2013, 06:28 AM Reply Like
  • It would be safer and more sensible for you to bail out now based on your comments. Your intuition and view of the horizon should tell you this.
    19 Nov 2013, 06:44 AM Reply Like
  • I am down 70%+, so bailing out now to save a small chunk is just not wise!
    19 Nov 2013, 06:50 AM Reply Like
  • The NS-999 whistle will be blowing soon since Norfolk Southern published that they would be putting it into service this year (2013).
    Unfortunately, as long as they are getting grant money to research, there is no motivation to declare they have made a decision.
    Still, there are only so many days left in the year and those are dwindling.
    I feel that once there is no more money to be made by waiting, things will pick up speed rapidly.
    19 Nov 2013, 07:37 AM Reply Like
  • >greentongue ... I don't believe your premise on grants ... not one little bit.
    19 Nov 2013, 08:01 AM Reply Like
  • Amouna, One thing that needs to be imparted on your NSC timing is that the shop that they have is not just sitting around waiting for a large order that is dropped on them outside of their "normal" activities. Also we don't know how they wish to roll this tech out into their operations based on factors like rebuild needs in their slug fleet and where they are feeling the most pressure to meet emissions requirements. Also the stats for getting this right might push them to do maybe ten units before they move up to a higher number. Many factors we don't have access to in order to understand how they might progress as they learn from their initial unit. All we know is that they can't jump before job #1.
    19 Nov 2013, 08:36 AM Reply Like
  • Some time back Valleywood speculated that NS might be using the NS 999 as a distraction while the real work on the battery-powered switching locomotive was being conducted somewhere else.


    The language in the recent NS Sustainability Report is certainly fuzzy enough to leave room for that possibility. "In 2013, we plan to roll out the next generation NS 999, outfitted with a bank of more technologically advanced hybrid lead-carbon batteries developed by industry partner Axion Power International."


    ePower seriously considered using a brand-new chassis for its third-generation prototype instead of doing the work on one of the second-generation tractors. The reason was simple, it's always a good idea to save your prototypes during an R&D project. ePower ultimately decided that it couldn't afford to follow a more traditional path, but NS isn't subject to the same financial constraints.


    I find it very curious that Axion's latest Form 10-Q does not include a specific reference to the "NS 999" like its earlier reports did. The 10-Q discusses the battery-powered switcher at some length but it no longer uses a specific locomotive identification number.


    It's certainly enough to make me go hmmm.
    19 Nov 2013, 09:11 AM Reply Like
  • Since the 999 appears to have been just sitting around outside with little to no action I believe your speculation is more probable than just possible!
    19 Nov 2013, 09:25 AM Reply Like
  • Also, if NS is planning on mass producing the battery switcher at some point in the future and selling them around the world when would be the best time to drop the reference to the 999 and rebrand it to "PbC Battery Switchers" ? There can be only one 999 but unlimited Battery Switchers!
    19 Nov 2013, 09:30 AM Reply Like
  • How about "Carbon Clipper." A sleeker sort of Green Goat.
    19 Nov 2013, 09:54 AM Reply Like
  • >RBrun357 ... NS999 is a specific locomotive. It is the first unit of a model line referred to as the BP4.
    19 Nov 2013, 10:07 AM Reply Like
  • DRich,


    19 Nov 2013, 10:14 AM Reply Like
  • Hi everyone!!


    I think the same thing is making the BMW with the PbC Tech.


    19 Nov 2013, 10:45 AM Reply Like
  • Today News:


    Tesla hit in premarket on news of fire probe.

    19 Nov 2013, 07:43 AM Reply Like
  • Carlos, Two things I find odd in this article. The first is that Tesla is now asking the government to do a probe after they said one was not required but it was outside of their control.


    The one I find embarrassingly damaging from a public relations standpoint is this part of the statement, " In a blog post on the company's website, Musk stressed that Tesla cars remain the safest on the road, but announced a three-step plan to address investor worries over fire incidents. " My God man. you don't tell the public, when they might be worried about driving their loved ones around in a vehicle that might not be safe, you're worried about the investors. Holy crappoli are these guys clueless.
    19 Nov 2013, 08:45 AM Reply Like
  • This is one of the things that was lost in my post problem. (and sime new stuff.)


    Report: New Tesla Model S Update Disables Air Suspension Lowering At Highway Speed (Update)


    There are 58 pages on the TMC forum starting on Friday the 15th.
    Thread: Air Suspension no longer lowers at highway speeds (FW update v5.8)


    On November 15 (several days prior to the statement issued by Tesla CEO Elon Musk, which includes this sentence…“we have requested that the National Highway Traffic Safety Administration conduct a full investigation as soon as possible into the fire incidents”), the National Highway Traffic Safety Administration quietly opened a formal investigation into all 2013 Model Year Tesla Model S sedans sold in the US.


    Update: Elon Musk issues these Tweets, one of which is clearly an indirect statement made after reading this article on InsideEVs.


    Tweet 1
    If NHTSA identifies an improvement that would materially improve safety it will be implemented at no cost to all cars
    Tweet 2
    On Friday last week Tesla VP of regulatory affairs Jim Chen invited NHTSA senior staff to conduct a review of Model S


    With the safety lawsuit already in progress I suspect Elon may have to prove that Tesla invited NHTSA to check the car and why they did so.


    NHTSA: Tesla didn't ask for Model S investigation


    David Shepardson
    Detroit News Washington Bureau



    <Washington — The head of the National Highway Traffic Safety Administration flatly denied Tuesday that Tesla Motors had sought an investigation into battery fires in Model S vehicles, and questioned if it would even be proper for the electric vehicle company to make the request.


    But NHTSA Administrator David Strickland told a House panel Tuesday that Tesla didn’t request an investigation and that the agency had made an independent decision to open an investigation into 13,100 Model S vehicles after two battery fires were reported since early October in the United States.>
    19 Nov 2013, 07:39 PM Reply Like
  • The Detroit News is reporting that the NHTSA Administrator told a Congressional panel that Tesla didn't request an investigation and he'd never heard of such a thing during his time in Washington.



    “Investigations are independent,” Strickland told The Detroit News in an interview after the hearing. “We have never — in my recollection, before I got to NHTSA (as a Senate staffer) or as administrator — have actually had an automaker ask for a formal investigation, but it causes a couple of implications: If a manufacturer asks me or asks the agency for a formal investigation, you’ve already made a determination that you may have a defect that imposes an unreasonable risk to safety. ... I don’t think that would ever happen.”


    What do you choose to believe; Elons tweets and blogs or Congressional testimony?
    19 Nov 2013, 07:44 PM Reply Like
  • Due to erratic operation of the Investorshub (ADVFN) "trades screen, there has been some manual adjustment of the data resulting in an improved buy:sell ratio. So, everything is running behind and I don't know when (today?) I'll get the blog updated.


    Also, little commentary or analysis is available yet.


    11/18/2013: EOD stuff partially copied from blog (up later?).
    # Trds: 185, MinTrSz: 150, MaxTrSz: 70000, Vol: 1381235, AvTrSz: 7466
    Min. Pr: 0.1160, Max Pr: 0.1250, VW Avg. Tr. Pr: 0.1200
    # Buys, Shares: 86 593630, VW Avg Buy Pr: 0.1198
    # Sells, Shares: 99 787005, VW Avg Sell Pr: 0.1180
    # Unkn, Shares: 0 14400, VW Avg Unk. Pr: 0.1218
    Buy:Sell 1:1.33 (43% "buys"), DlyShts 294250 (21.30%), Dly Sht % of 'sells' 37.39%


    As happened yesterday, we started strong on price and buy percentage with reasonable volume portending great things to come. As with almost every day the PIPErs spoil the party. Today was different is that there were folks putting in higher bids, including ARCA and CANT. ARCA is not often seen on the buy side, so this is automatically suspicious. CANT has only recently started leaving the comfort of their 421K $0.11 bid to get to the top of the bids (albeit only briefly every time so far), so this is also suspicious.


    I'm going to let my TFH have free run here and say there's more than honest bullish sentiment going on here because neither of these two sets of “players” contest for the bid once it starts moving up a bit. They come in relatively earlier, grab a quick tea and crumpets and then disappear until price weakens again. Then they repeat the procedure.


    Here's some arbitrary snapshots of ending time, buy percentage, VWAP and volume. The first three values are for the period end and the last three are cumulative.


    10:02:50 73.86% $0.1214 326680 73.86% $0.1214 0326680
    11:02:57 49.81% $0.1175 294900 62.45% $0.1196 0621580
    11:59:15 49.21% $0.1188 177200 59.51% $0.1194 0798780
    12:58:22 13.61% $0.1177 254305 48.43% $0.1190 1053085
    13:57:09 45.66% $0.1172 084650 48.22% $0.1189 1137735
    14:55:23 35.71% $0.1172 070000 47.50% $0.1188 1207735
    15:42:56 00.00% $0.1184 095500 44.02% $0.1187 1303235
    15:59:13 28.37% $0.1194 070500 43.21% $0.1188 1373735


    Here's the intra-day trading breakdown by arbitrary price range.
    $0.1160-$0.1171: 282150 shrs, 20.54% of vol, VWAP $0.1165, b:s 1:6.03, 14.2% buys
    $0.1175-$0.1178: 237400 shrs, 17.28% of vol, VWAP $0.1175, b:s 1:2.22, 31.0% buys
    $0.1180-$0.1189: 316585 shrs, 23.05% of vol, VWAP $0.1184, b:s 1:1.99, 33.3% buys
    $0.1190-$0.1199: 296400 shrs, 21.58% of vol, VWAP $0.1195, b:s 1.95:1, 69.1% buys
    $0.1200-$0.1230: 161900 shrs, 11.79% of vol, VWAP $0.1212, b:s 1.52:1, 55.9% buys
    $0.1238-$0.1250: 079300 shrs, 05.77% of vol, VWAP $0.1246, 100% buys


    19 Nov 2013, 09:28 AM Reply Like
  • Here is a solar project that maybe just maybe Axion is involved in (or it may be the project recently announced)



    Las Vegas is installing some solar trees to provide enough power to run the iconic Las Vegas sign. To do so means they need to have battery storage. The solar will be coming from solar trees, and who makes solar trees and has worked with Axion in the past. (A google search shows no other company in a commercial level using the term solar tree other than Envision). The two companies listed in the article are the local utility and a sub of a large local electrical company so presumably they are buying components from someone (which I assume would need battery storage). I presume Envision so working with Axion would make sense.


    Add in the fact that it should be operational in early 2014 tells me we might have found our project. If so, that is a great and memorable item when others ask for your CV.
    19 Nov 2013, 09:44 AM Reply Like
  • The Press Release from Clarke County says the sign will be powered by three solar trees in the central median where the sign stands.



    Envision Solar says each solar tree has a capacity of 14.4 kW DC, which means three would have a combined capacity of ~45 kW and generate ~270 kWh in a six-hour day.



    If you figure 500 Wh for a 30HT PbC then 600 of them would store ~300 kWh so the size is certainly in the realm of reason.


    It's the worst possible form of idle speculation, but it would be a ton of fun.
    19 Nov 2013, 10:30 AM Reply Like
  • Great research MrHolty! I suspect you've nailed that down!


    19 Nov 2013, 10:41 AM Reply Like
  • Thanks John. That was my next item to do.


    Add in the fact that when this project first went to the LV city council in JULY 2013 there was objections to the solar trees and the revision was to move them closer to the parking lot as not to disrupt the background of the signage.


    If this was AXPW this would give them and their installers instant credibility in a large solar market.
    19 Nov 2013, 10:42 AM Reply Like
  • Now THAT is a great marketing piece!
    19 Nov 2013, 10:51 AM Reply Like
  • Err umm, Put some LED lamps in the thing and quit wasting the taxpayers money. Sorry but this is dumb.


    Has nothing to do with the find and I thank you for that Mr. Holty. It looks like a real possibility. It would be a nice place to be recognized.


    Can we get a "Vegas shines with Axion Power" sign on the thing? And err hopefully what happens in Vegas doesn't stay only in Vegas.
    19 Nov 2013, 10:59 AM Reply Like
  • Since we're talking about Vegas, what are the odds the city council knew about LED lamps and can make a decision on the trade offs? Some enterpriser sold them some batteries and let them be happy with it =)
    19 Nov 2013, 11:08 AM Reply Like
  • Ranma, I did see where EVSI has agreements with Cadillac and did some joint presentations at an annual Cadillac dealer meeting in Vegas. I would bet there's some tie to this event. A three way two martini smooze?


    Envision Solar To Exhibit at Cadillac Dealership Meeting

    19 Nov 2013, 11:20 AM Reply Like
  • Not to throw cold water on this theory, but how does the city of Las Vegas, or Clarke County equate to a company that wants to use the solar array and PowerCube to take advantage of frequency regulation to generate a ROI on electricity generated from the system?


    Oh, and if you read the comments from the locals on the PR, you'll see they are against anything that changes the sign. So you can forget about the idea of using LED lights. It sounds like they would stone anyone who tried to install them on their beloved sign.
    19 Nov 2013, 12:30 PM Reply Like
  • Iindelco: LEDs or not, solar power with ESS would still give some benefits.


    19 Nov 2013, 12:36 PM Reply Like
  • Since the sign was added to the National Register of Historic Places in 2009, I suspect that an LED retrofit might be problematic.

    19 Nov 2013, 12:37 PM Reply Like
  • Labtech "... how does the city of Las Vegas, or Clarke County equate to a company that wants to use the solar array and PowerCube to take advantage of frequency regulation to generate a ROI"


    One of the things that has been taking hold here and there is that the installing companies carries the cost and takes their profit from a percentage of the savings. If that's what's going on here, there's no reason they couldn't be participating on FR markets - it is behind the meter, right? Regardless, whether owned by the city of the seller, the same participation in FR is possible.


    19 Nov 2013, 12:41 PM Reply Like
  • " Err umm, Put some LED lamps in the thing and quit wasting the taxpayers money. Sorry but this is dumb."


    :-) Just heard something about replacement cost of a Toyota LED headlamp and had much the same reaction, iind! Is $735 per headlight a bargain or what?
    19 Nov 2013, 12:46 PM Reply Like
  • Yeah, I'm getting ready to go protest the fact that they are defiling the sign with green electrons. Meh, no sense changing now.


    Ah cha cha cha, "Let's live......



    I agree with LabTech. No payback on this one.


    BTW, While the sign is high profile I'd feel better about seeing Axion supply someone that chose the tech. because they had half a brain.
    19 Nov 2013, 01:03 PM Reply Like
  • HTL,
    "One of the things that has been taking hold here and there is that the installing companies carries the cost and takes their profit from a percentage of the savings. If that's what's going on here, there's no reason they couldn't be participating on FR markets - it is behind the meter, right? Regardless, whether owned by the city of the seller, the same participation in FR is possible."


    Interesting thought. If true, could be the reason why the installing company doesn't want its name used. Probably wouldn't want the citizens of LV to know that it was profiting from the system that it generating electricity for their beloved sign.
    19 Nov 2013, 01:05 PM Reply Like
  • Frequency response relating to the slot machines?
    19 Nov 2013, 07:58 PM Reply Like
  • The Holty theorem:
    An infinite number of Axionistas searching the internet for a finite time, will almost surely identify a PBC battery buyer before it is announced.
    19 Nov 2013, 10:43 AM Reply Like
  • Last fall I had dinner with Enders Dickenson during the ELBC in Paris. When the Concentrators came up as a topic of conversation Enders said he visited regularly because the Axionistas were a great and inexpensive research staff that regularly discussed data, reports and studies that he wasn't aware of.
    19 Nov 2013, 11:04 AM Reply Like
  • Got yesterday's blog updated charts and stats up now.



    19 Nov 2013, 02:24 PM Reply Like
  • With LV being above 100 degrees throughout the summer months and Li Ion rumored to not function well in those temps would this be another reason the PbC is the preferred choice?
    19 Nov 2013, 02:28 PM Reply Like
  • Iindelco, I thought you might find this a particularly interesting read:


    Stratasys 3-D Printers Go To Work Building A Car



    "... While 3-D printing has long been used to make gears, grilles, tools, parts and prototypes for other manufacturers, it had never been used to build the entire body of a car.


    “It became the first car to have its body 3-D printed,” Kor said. “Now it’s the greenest practical car ever made. The Urbee uses eight times less energy than the average little car.”


    Stratasys, the leader in the 3-D printing world, is thrilled about the vehicle’s possibilities. “Without 3-D printing you can’t make a car as efficient as this one,” said Stratasys spokesman Joe Hiemenz.


    Traditional prototyping takes years of altering designs, tooling and materials. With 3-D printing, designers can tweak details on a computer and click the Print icon.


    Once printed, the Urbee car parts were shipped and assembled back in Kor’s lab in Winnipeg. They were outfitted with two electric motors and a small ethanol engine. Today, the two-seater, three-wheeled Urbee is on tour. It’s in England this month, where science and car enthusiasts are going ga-ga over the vehicle..."
    19 Nov 2013, 03:54 PM Reply Like
  • I'm sure glad that idea didn't come out of Tesla because it's the kind of outside the box thinking we'll need to change the status quo instead of perpetuating it at a higher cost.
    19 Nov 2013, 04:08 PM Reply Like
  • I think another real biggie is the vehicle sharing movement. When an expensive asset sits idle about 90% of the time on average, that's extremely fertile ground for load leveling ideas. Sound familar?
    19 Nov 2013, 04:15 PM Reply Like
  • Thanks Wayne. That's some great stuff for prototyping and also making certain parts. You can make details you'd never be able to make with other processes. Not exactly going to compete with some high volume manufacturing or the two thousand dollar Tata Nano.


    It'll be interesting to see how far they can take it.
    19 Nov 2013, 04:51 PM Reply Like
  • Mr. I, I'm a real fan of that business model as well. Kind of like a car rental idea without the same level of profit and where you get to choose your own rules that best suit the group in some cases.
    19 Nov 2013, 04:53 PM Reply Like
  • Urbee with video.
    19 Nov 2013, 08:08 PM Reply Like
  • " Urbee with video. "


    Anyone else have ping pong ball thoughts flash across the mind while watching that video?
    19 Nov 2013, 08:12 PM Reply Like
  • We've added quite a few Followers recently---all the way up to 313 now.


    If some of the new Followers would make some comments, that would be great. What's on your mind, regarding AXPW?


    19 Nov 2013, 04:09 PM Reply Like
  • @ALL: I take full responsibility for the drop into the close. I just had to open my mouth (keyboard) yesterday and note the rising stock price into the close. It looks like the Trading Gods took notice of my post and got back to work today.


    I will promptly shut my mouth in the future.
    19 Nov 2013, 04:18 PM Reply Like
  • Occam, I was wondering if you were going to own up to that. lol
    19 Nov 2013, 09:49 PM Reply Like
  • Perhaps this high flying picture best describes how long term AXPW holders feel (pretty easy to figure out which picture I'm talkin' about!):

    19 Nov 2013, 04:23 PM Reply Like
  • That is just so wrong on so many levels. We've missed you man!
    19 Nov 2013, 04:26 PM Reply Like
  • Couldn't resist that one!


    Back into lurking mode....
    19 Nov 2013, 04:26 PM Reply Like
  • Maya,
    Wait, there's something wrong with that picture. Isn't there supposed to be a lit match somewhere nearby and shouldn't the flame be coming out of the top of the balloon instead of going up into the bottom of the balloon! ;-)
    19 Nov 2013, 07:25 PM Reply Like
  • Damn, Maya. First time I've been mooned on a blog site.
    19 Nov 2013, 11:10 PM Reply Like
  • In the ZOWIE Batman department.


    Last night Elon Musk blogged that Tesla had asked the NHTSA to investigate the recent fires.


    Automotive news is reporting that the head of NHTSA is denying Musk's version of the story and saying that NHTSA advised Tesla of the probe last Friday.

    19 Nov 2013, 04:50 PM Reply Like
  • More from the Detroit News:



    "NHTSA Administrator David Strickland told a House panel Tuesday that Tesla didn’t request an investigation and that the agency had made an independent decision to open an investigation into 13,100 Model S vehicles."
    19 Nov 2013, 04:59 PM Reply Like
  • Sounds like he is getting ready for a political career bid. He has to remember that there isn't as much room under a Tesla as there is under a bus. ;-)
    19 Nov 2013, 05:00 PM Reply Like
  • John,


    Do you think TSLA could have their "A123 systems moment" if a major recall of Model S forces them into Capex?


    Also would there be any appetite for an equity financing at such a preposterous valuation?


    19 Nov 2013, 05:10 PM Reply Like
  • Stilldazed, VERY funny.
    John, As I indicated, very strange, I think the guy is suffering from delusions of grandeur.
    19 Nov 2013, 05:29 PM Reply Like
  • Stilldazed> He's also acutely aware that you don't want to throw anything under a Tesla.


    Amouna> Recalls get incredibly expensive if you need to replace major battery pack components on 19,000 cars.


    Iindelco> It's one thing for a public company to put mitigating spin on bad news. It's another entirely for a public company to get formal notice of an adverse regulatory action on Friday, sit on the news over the weekend, and then publish a CEO blog that deliberately hides the truth behind a veil of social responsibility.


    Unfortunately there isn't much for me to write an article about because the facts are so simple. The NHTSA administrator told a house panel that Musk lied to Tesla's stockholders. What could I possibly add?
    19 Nov 2013, 05:40 PM Reply Like
  • Thanks John. Odd and scary. He's loading potential legal adversaries with pretty clear evidence. Again and again.
    19 Nov 2013, 06:34 PM Reply Like
  • I'm wondering if, instead of making Tesla replace battery parts, they are going to make Tesla replace the 1/4 inch aluminum plate under the car with a 1/4 inch steel plate under the car? Would love to find out how much that would cost and how much the added weight would lower the range of the vehicle.
    19 Nov 2013, 07:31 PM Reply Like
  • LabTech, If in fact the plate is that thick and aluminum it's just silly. They would first move to some obvious lessons learned on ballistics. Means nothing but they will dig deep,
    19 Nov 2013, 10:32 PM Reply Like
  • The protective plate is a quarter inch of aluminum. What's not clear is whether the plate is separate from or an integral part of the pack. My guess would be the later since Tesla has already done a quick swap demonstration. If they have to remove, rebuild and replace 19,000 battery packs it's going to be costly.
    20 Nov 2013, 05:32 AM Reply Like
  • My guess would be an add on if possible.
    A plate that covers the whole bottom.
    Still not cheap.
    Carbon fiber would be light but expensive.
    They might just can the battery swap idea.
    20 Nov 2013, 01:43 PM Reply Like
  • Ignorance asks a question re-Tesla's 1/4 inch plate. Would a 'sandwich' plate of, say, three thinner layers of aluminum sheet sandwiching two mylar layers be less penetrable than a solid aluminum sheet?
    20 Nov 2013, 02:49 PM Reply Like
  • >D-inv ... I'd slip a little Kevlar into that sandwich and maybe brace it with some ballistic grade ceramics.
    20 Nov 2013, 02:55 PM Reply Like
  • I'm kind of guessing they can talk to some suppliers to DOD and find the right material for their needs.


    They need to bring along the trailer hitch to get the process moving along. Was it made out of depleted Uranium?
    20 Nov 2013, 03:17 PM Reply Like
  • :-) Kevlar rather than Mylar.
    20 Nov 2013, 03:21 PM Reply Like
  • Whoda thunk it. I bet JP will be shocked . <End snark>


    A Scarcity of Rare Metals Is Hindering Green Technologies

    19 Nov 2013, 05:33 PM Reply Like
  • And we really need them:
    19 Nov 2013, 06:32 PM Reply Like
  • It's not a problem Indy. If the market demands more rare earth metals the natural resource fairy will just wave her magic wand and fix everything.


    It's even easier for Cobalt where the mine owners in Kinshasa just have to buy bigger whips.
    19 Nov 2013, 06:35 PM Reply Like
  • iindelco,
    Interesting article. First paragraph (2nd?) mentions next generation of florescent bulbs, etc. I have 11' ceiling in the shop. Two nights ago I had the electricians rip out the ballast and convert to LED. Banks of four bulbs 4' long per fixture.


    The color is different (blue/cool) and the shadows appear different near saw blades, etc. LED is directional so reflector technology is interesting inside the bulbs. It appears that 3 LED bulbs have the useful output of four florescent. I have installed 2.5 bulbs/fixture and will add one more to some of them tonight. Will then probably add a warmer bulb, one per fixture, in the future.


    Bulbs cost $40 each. That's $160 per fixture. They use very little energy and have a 60,000 hour life. Five years ago the same bulbs were $650 each. Nice price movement for the buyer in this case.


    Seems to me that florescent bulbs are on the brink of extinction. The switch from incandescent to LED will lead to a big drop in energy requirements per home and postpone judgement day on our grid.
    20 Nov 2013, 09:07 AM Reply Like
  • VW, The price and the light emitted still make LED lighting a tough sell. I had read some articles a few years back where various companies were looking at different materials to apply as coatings on diffusing mechanisms that when excited by the light from the diode would offer a more acceptable range of the visible light spectrum. This obviously does not address the pricing issue however.
    20 Nov 2013, 11:15 AM Reply Like
  • ii, I had the option of temperatures and chose cool under the theory that it is easy to warm up light but difficult to cool it. A shop is pretty forgiving of "uncuddly" light. Prolly these bulbs would not work in an office.


    Don't know about price point break-even but I can tell you I am sick of climbing up and down to replace bulbs every six months. Gettin' old. Also sick of listening to 60 cycle hum given off by florescent lights that my radio amplifies.


    We have those bulbs on our back porch (florescent) that have that curly pig tail look. During this time of year when I turn them on in the cold they look like glow worms. Ten minutes later they look like beacons. We'll get this bulb thing fixed soon methinks.


    Would love to buy CREE, but I don't know when they'll come around and don't even know if they'll be the wiener. CPST left me with long term heartache and CREE kept me on the roller coaster. I'm doing all current stockholders a favor and staying out.


    Currently hold a revolutionary battery company that should head for the moon at any moment now. Okay, it hasn't done much in the past six years, but at any moment now. Any moment. I'm almost sure.
    20 Nov 2013, 01:30 PM Reply Like
  • VW
    While the life span is extraordinary they get dimmer.
    I was told this was because oxygen gets in and degrades them.
    I understand Stop lights are still replaced every so often.
    Rumor has it if perfectly sealed they won't degrade.
    Let us know how they last for you.
    20 Nov 2013, 01:51 PM Reply Like
  • >Valleywood ... By far and away the best "white" light LED in the world is made by Nichia. It is the inventor of the Blue Nitride-based LEDs. If ever you have further need of real light from a LED fixture you might take some time to find one that utilizes these semiconductors. At 5 Watts it is like daylight. Sadly it is still a private company.


    Pure play (and a distant second in quality) it is CREE but if you really want the long term winner it will likely be Koninklijke Philips N.V. (PHG)
    20 Nov 2013, 01:57 PM Reply Like
  • Can you use LED lights to grow weed indoors? The lower heat output would be harder to dectect by DEA helicoptors.... not that I know anything about that....
    20 Nov 2013, 02:21 PM Reply Like
  • NGS
    I know they make 'grow lights' with LEDs.
    No clue as to how well they work compared to others.
    20 Nov 2013, 02:25 PM Reply Like
  • >nogoodslacker ... Sadly no. LED lights do not emit a frequency that stimulates a photosynthetic response from plants.


    Another misconception is this lower heat idea. Believe me, if you have a 5 Watt LED light your going to need a rather large chunk of copper or aluminum for a heat sink or be in circulating open air. The heat from a LED goes out the back through the die substrate and, just for a rule of thumb, it only converts about 25% of power consumed into light and 75% into heat. Very concentrated heat (5 Watts will get you 15 Watts of heat) because and average die is only about 5mm square. It is the heat problem that leads to LED fixtures having quite a few dies in them, to spread the heat load ... same light rating from lower power input, instead of only one with the other common reason being the use of very poor quality die chemisty.
    20 Nov 2013, 02:45 PM Reply Like
  • "Currently hold a revolutionary battery company that should head for the moon at any moment now. Okay, it hasn't done much in the past six years, but at any moment now. Any moment. I'm almost sure. "


    :-) Time will tell whether our heirs consider us investors or proof of the axiom, "there is no fool like an old fool."
    20 Nov 2013, 02:56 PM Reply Like
  • Apparently, you can buy LED grow lights on Amazon for not a terrible amount of money. Judging from the reviewer comments, a lot of people are very happy with the "tomatoes" that they are growing in the closet with these lights.


    Somthing to take my mind off of Axion, I guess...
    20 Nov 2013, 04:07 PM Reply Like
  • ngs - based on (er-hum . . .) research I did about this topic a few years ago, I have my doubts about LED being full-spectrum enough to do the deed with the weed.


    However, alternative low-cost, low-heat ideas include using sodium-vapor and cfl light-trees. For the extremely industrious who live in northern climes, there is also the possibility of pulling the heat out of the grow room and circulating in the central-heating which will help dissipate the heat . . . er, shall we say, 'naturally' instead of it coming out of an unusual location like a blow-hole at the back of the house.


    There are numerous videos on ways to avoid detection online in some of the darker corners of the 'net.


    (not that this topic isn't about as far off as it can get . . .)
    20 Nov 2013, 05:51 PM Reply Like
  • obiee, now that this certain herb is legal in two states, I suspect the grow light industry will see some serious "growth." It certainly is off topic, but I need the distraction to keep my mind off of Axion for the next "...not six months."
    21 Nov 2013, 09:04 AM Reply Like
  • LEDs come "full spectrum" that is to say red and blue so you could use them for indoor gardening. this is stupid imo when you have a sun, but maybe you live near the N/S pole or something and it's either never dark or always dark.
    21 Nov 2013, 10:51 AM Reply Like
  • "this is stupid "


    Unless you want to hide from the satellites! Remember now that the technology exists to ascertain the nature of the crops from satellite images using spectroscopic analysis. =>8-O


    21 Nov 2013, 11:27 AM Reply Like
  • I suspect that US satellite technology already exists that's good enough to determine the bra size of that foxy lady down the beach apace.


    It will take yet another software generation to determine my own equipment dimensions.


    Oops my gin is showing!! Happy Happy hour!
    21 Nov 2013, 04:41 PM Reply Like
  • lol. both of you too funny.
    22 Nov 2013, 12:04 AM Reply Like
  • Every advance in telescopic technology since Galileo first nobly gazed upon the planets has ultimately been turned to the purpose of men surveying the topographical features of women.


    Why would satellites be any different?


    You think the boys in the NSA only use them to watch radical jihadists?


    All those shots of private Mediterranean beaches are just for calibration purposes?
    22 Nov 2013, 08:22 AM Reply Like
  • HTL or anyone else


    Anyone sorted out the purchase price on the next lot for the pipers


    In the absence of news I suspect that drives the short term price as they churned a quick profit at the expenses of other shareholders
    19 Nov 2013, 06:31 PM Reply Like
  • Dlmca: 11/19: 20 lowest intra-day VWAPs in 40 days avg, $0.1179, x 85%: $0.1002


    But remember that it is dropping daily.


    20 Nov 2013, 06:04 AM Reply Like
  • Kind of interesting, US Department of Defense to buy 92,000 hybrid and electric cars. "The military plans to spend $20 million to test a fleet of 500 of these vehicles by the end of this year."

    19 Nov 2013, 06:40 PM Reply Like
  • Wonder how many of those 500 vehicles will be Chevy Volts.
    19 Nov 2013, 08:14 PM Reply Like
  • Thanks HTL


    Given only major sellers are the pipers - looks like the $0.10 should hold


    Then any news keeps us at least in a similar range until they are all paid out


    Get the feeling this is where they want to be - not triggering the debt option - able to buy lots of shares cheap for suture capital appreciation while having made money from day one




    Our former CFO - not so much
    20 Nov 2013, 07:43 AM Reply Like
  • The PIPErs are not accumulating anything for future appreciation. The stock comes into their portfolio at $0.10 and goes out at $0.12. That spread is their profit. I had sincerely hoped they might be more strategic in their thinking and behavior. I've seen no evidence to support the idea that they're doing anything but flipping shares for pennies.
    20 Nov 2013, 07:57 AM Reply Like
  • "... into their portfolio at $0.10 and goes out at $0.12."


    That is 20% yield on top of 8% interest on the principal converted. Driving the share price lower could reduce their yield. And, as long as share demand holds, it will be easier and easier for the PIPErs to dispose of their new shares with each passing month. Degree of dilution diminishes with each note conversion as long as share price is level or nearly so. 10 mil. new shares is a smaller share of 166 mil. than it was of 111 mil.
    20 Nov 2013, 10:26 AM Reply Like
  • Their annualized rate of return is hard to beat, notwithstanding the exceptionally promising (but uncertain) long-term returns from AXPW.
    20 Nov 2013, 10:37 AM Reply Like
  • Don't forget the warrants...
    20 Nov 2013, 04:34 PM Reply Like
  • I won't be surprised to see the PIPErs sit on their warrants for years. Retail stockholders always worry about warrant overhang but I have a miserable track record of getting warrant holders to exercise until the day before the expiration date.
    20 Nov 2013, 04:40 PM Reply Like
  • Why would they want to exercise early. If they maintain the fractional control of the asset in warrant form their carrying cost is reduced as they're not tying up and money. And their risk is reduced as well.
    20 Nov 2013, 04:57 PM Reply Like
  • Not sure if some of you track the periodic numbers published by the OTCBB on number of shorted shares, but see link below:

    20 Nov 2013, 08:19 AM Reply Like
  • 11/19/2013: EOD stuff partially copied from blog (up already).
    # Trds: 125, MinTrSz: 500, MaxTrSz: 95332, Vol: 1332681, AvTrSz: 10661
    Min. Pr: 0.1111, Max Pr: 0.1239, VW Avg. Tr. Pr: 0.1155
    # Buys, Shares: 35 314432, VW Avg Buy Pr: 0.1158
    # Sells, Shares: 89 1007249, VW Avg Sell Pr: 0.1154
    # Unkn, Shares: 1 11000, VW Avg Unk. Pr: 0.1160
    Buy:Sell 1:3.20 (23.6% buys"), DlyShts 72610 (5.45%), Dly Sht % of 'sells' 7.21%


    VWAP, trade volume and daily short sales volumes were down -3.73%, -2.99% and -75.32% respectively. The daily short sales percentage says no upside here. Likely down on the VWAP for at least several more days. Some support may exist at $0.11 if CANT maintains their 421K bid and others join in, but the “sells” percentage, which has averaged ~67.3% since 10/30, suggests that this potential support volume will be easily overwhelmed.


    The maximum cumulative buy percentage seen today, 29.69%, occurred at 12:10. It was generally “flat” throughout the day as price drifted lower (see the trading breakdowns below) ...


    Here's some arbitrary snapshots of ending time, buy percentage, VWAP and volume. The first three values are for the period end and the last three are cumulative.
    09:58:02 26.23% 0.1205 042700 26.23% $0.1205 0042700
    10:28:42 20.91% 0.1170 318055 21.54% $0.1174 0360755
    10:54:51 37.47% 0.1155 122750 25.58% $0.1169 0483505
    12:10:31 46.48% 0.1160 118254 29.69% $0.1167 0601759
    14:45:25 02.30% 0.1158 108706 25.50% $0.1166 0710465
    15:29:32 09.53% 0.1156 157400 22.60% $0.1164 0867865
    15:40:12 29.17% 0.1150 292142 24.26% $0.1161 1160007
    15:59:55 19.15% 0.1116 172674 23.59% $0.1155 1332681


    Here's some arbitrary snapshots of ending time, buy percentage, VWAP and volume. The first three values are for the period end and the last three are cumulative.
    09:58:02 26.23% 0.1205 042700 26.23% $0.1205 0042700
    10:28:42 20.91% 0.1170 318055 21.54% $0.1174 0360755
    10:54:51 37.47% 0.1155 122750 25.58% $0.1169 0483505
    12:10:31 46.48% 0.1160 118254 29.69% $0.1167 0601759
    14:45:25 02.30% 0.1158 108706 25.50% $0.1166 0710465
    15:29:32 09.53% 0.1156 157400 22.60% $0.1164 0867865
    15:40:12 29.17% 0.1150 292142 24.26% $0.1161 1160007
    15:59:55 19.15% 0.1116 172674 23.59% $0.1155 1332681


    On the traditional TA front there's not much new – just continued worsening. We continue to trade predominately below the support/resistance of $0.12 and closed very new the low of the day on late-day weakness. Our trend of generally lower highs continues. Although volume is trending down (another -2.99% today) it's still high enough that I don't suspect consolidation is what's happening here.


    Our lows and closes are pushing the lower Bollinger (four of the last six days), with all the oscillators I watch continuing to weaken. MFI, Williams %R and stochastic are all in oversold and I don't see a quick exit. Momentum is down to ~0.91. RSI down to ~42.7. Accumulation and distribution, which was hovering around -1.44 in early July is now down at -42.7 – no surprise there.


    I've been able now to construct a new descending trading channel that began mid-August. Except for the descent to $0.10xx 10/3-10/10, the lows have been riding the descending support, currently about $0.111. I suspect we'll not soon challenge the resistance, currently about $0.134.


    Trading breakdowns, stats and thoughts are in the blog here.



    20 Nov 2013, 08:20 AM Reply Like
  • JP


    Agree on the flipping


    However as they can buy 3 times as many now as when they came in for the same capital - surely they follow the news and developments and greed sets in at some point


    As you suggest perhaps not


    Also as you suggest someone is buying a lot of shares


    Wish you had been our CFO a year ago
    20 Nov 2013, 10:01 AM Reply Like
  • >dimca ... Axion probably wound up with the PIPE financing because it had to. There were several avenues being explored but this is the one that didn't fall apart. It led to actual cash on terms Axion could live with. It is really as simple as that.


    A company with no sales, cashflow or prospects near-term is not in a good negotiating position with financiers. Things might be different with someone that is interested in investing capital for ROI but that person apparently doesn't exist or at least on terms Axion is willing to tolerate. I don't believe the company is up for sale ... yet.
    20 Nov 2013, 10:11 AM Reply Like
  • Well said DRich,


    From my seat in the bleachers, I believe management took the best course of action available in doing the PIPE financing without sacrificing the legacy shareholders.
    20 Nov 2013, 11:08 AM Reply Like
  • >dimca


    No disrespect to Mr. Petersen but I am not sure he could have done any better than the PIPE financing. The way I see it, the other option would have been to give the company away and the many small legacy shareholders (me included) would have been left with nothing but dashed hop(ium)..
    20 Nov 2013, 11:17 AM Reply Like
  • I don't like the PIPE terms, but I'm not convinced I could have done a better job. Given the way this all came together, I continue to believe Tom had a strategic partner down to the wire and then somebody got greedy. At those points companies have to decide here and now whether they'll sell their immortal soul to the devil or settle a little less money and stay in control of their own destiny by dancing with a demon and paying the PIPEr.
    20 Nov 2013, 11:17 AM Reply Like
  • JP,


    Are you sure you aren't selling yourself short? I thought you were significantly involved with the Quercus negotiations and that seems like quite a coup compared to all the other offerings. Was Axion really that better off way back in 2008? Heck even the 2009 transaction in the middle of the recession seems "rosy" compared to the smell of recent financings.
    20 Nov 2013, 12:54 PM Reply Like
  • The big difference between Quercus and 2009 and the two more recent transactions is that Quercus and 2009 were VC deals that involved a deep evaluation of the technology while 2012 and 2013 were pure financial market deals that didn't look at anything other than market behavior. Unfortunately, 2012 and 2013 ended up looking at the results of bad behavior from people who never should have been sellers in the first place, including Quercus and the big 2009 buyers. Micro-cap markets are like babies. If they're hungry you can shovel out stock like there's no tomorrow, but if they're finicky and you try to force feed them they'll puke all over your shirt.


    Unfortunately, once a company like Axion takes money from an investor it always runs a risk that the investor's circumstances will change and their behavior with it. We all complain about the problems the PIPErs are causing, but I don't blame them. I blame the earlier investors who created the chart from hell in the first place.
    20 Nov 2013, 01:46 PM Reply Like
  • Okay; It's kind of sad that the "chart" now trumps all the great info you have provided over the past 4+ years. We can only hope some venture fund does a deep dive on AXPW and vacuums up the supply. Retail investors are no match when the float goes into the 100+ millions it seems.
    20 Nov 2013, 08:31 PM Reply Like
  • >bazooooka ... If ePower Engine Systems gets product out there, claims verified and create user interest, then the next round of raising capital stands a chance of attracting a whole different group of interested parties. I'd hoped that BMW or Norfolk out putting around would have done the same thing earlier but neither seems a possibility right now.
    20 Nov 2013, 08:39 PM Reply Like
  • Yeah a few have told me they wish they could own EPower instead of Axion. Would be great if the two merged as our kite might only sail in the near term if Trucking can ramp in ways trains, cars, and storage hasn't. To think Axion has to be close to having gone through 40-50M+ and we still have piddling sales; only in Silicon Valley does that fly.
    21 Nov 2013, 05:25 PM Reply Like
  • L.A. Auto Show: Will fuel cells make battery electric cars obsolete?



    Toyota is taking fuel cells seriously, unveils concept car and reaffirms launch in 2015



    "Once filled and plugged into a compatible home, the FCV is also apparently capable of providing enough electricity to power an average Japanese home for over a week (10 kWh)."


    “Hydrogen is quite a dangerous gas,” said Musk... “It's suitable for the upper stage of rockets, but not for cars.” --- Not true, says Matt McClory, one of the principal engineers of the Toyota fuel cell vehicle. And he has a bullet to prove it. In safety tests, Toyota’s engineers shot rifle bullets at its high-pressure hydrogen tanks to see if they would explode or catch fire."
    20 Nov 2013, 10:13 AM Reply Like
  • WiO: Also, IIRC, H is not explosive - it just burns very rapidly in normal air once ignited?


    Witness the Hindenburg(sp?).


    There's also been investigation, which I don't know how far it got, of using spongy material (some kind of metal IIRC), that holds the H and prevents extremely rapid release, mitigating the intensity of any flame that might get started.


    20 Nov 2013, 10:47 AM Reply Like
  • HTL: I was struck by the irony of Musk pointing out H is a dangerous gas. Isn't lithium a dangerous battery? But maybe it's not explosive - it just burns very rapidly in normal air once ignited. lol
    20 Nov 2013, 11:05 AM Reply Like
  • WiO: Uh, the Li-ion has what's known as "thermal runaway" issues, indicating it burns faster and faster and hotter.


    Also, because the electrolytes used in some of the chemistries are a source of oxygen, it doesn't need to be exposed to air to start, and continue, burning.


    One of the causes of fires is from the formation of dendrites that create internal shorts, providing the ignition source.


    20 Nov 2013, 11:16 AM Reply Like
  • Musk is no more of a chemistry expert than anyone of us here is an astronaut...
    It just amazes me at how gullible some investors who got suckered into TSLA are when they start thinking of him as some sort of an expert in Physics, Chemistry, Astronomy, (you name it)


    One thing he is an expert at though is PR
    20 Nov 2013, 11:45 AM Reply Like
  • Amouna,
    To be fair, while the guy doesn't have a chemistry degree he does have an undergrad in business and physics and had gotten accepted to Stanford's PhD program for applied physics before he quit to pursue his dreams (according to Wikipedia). He also taught himself computer programming, so all in all, he's not without talents.
    20 Nov 2013, 12:47 PM Reply Like
  • Barnum would have snapped Musk up as an heir apparent in a heartbeat.
    20 Nov 2013, 01:47 PM Reply Like
  • John,
    "Barnum would have snapped Musk up as an heir apparent in a heartbeat"
    I doubt it. Musk is very good at tweets and other electronic message systems, but he is a terrible public speaker because he stutters. Maybe Barnum could have used him to write him material.
    20 Nov 2013, 04:09 PM Reply Like
  • Actually his stuttering makes him seem more sincere, more calculated. My wife saw an interview I watched with him on the Ipad one night, asked me who he was and asked if he was an engineer. Followed by "He doesn't look like a normal CEO, he must tell the truth".


    "The greatest trick the devil ever played was convincing the world that he did not exist."
    ― Charles Baudelaire
    20 Nov 2013, 04:22 PM Reply Like
  • I thought it that wisdom came from Keyser Söze.
    20 Nov 2013, 04:31 PM Reply Like
  • I'm with Musk on this one (about the potential dangers of using hydrogen as fuel). I think the "significant" dangers rest with centralized fueling nodes, not as much with the hydrogen in the vehicles (which obviously would be dangerous, too, to the vehicle occupants).


    My "war" story:


    About 21 years ago, I worked on a draft environmental impact statement regarding a "project" where the aerodynamic vehicle would be powered by hydrogen (let's just say this was a vehicle intended to replace the space shuttle) -- single stage to orbit, Mach 32+. When discussions centered on the safety disaster scenarios of storing hydrogen (just for a couple of these vehicles) in a large tank for refueling the vehicles on a certain facility, the Dept of Energy techies downplayed the danger as "significant but not catastrophic". When asked what that meant in lay terms (for possible explanation to the public if asked), they looked at each other, murmured discussions among themselves, and responded: "every living thing within a quarter mile radius would probably expire", without any emotion or astonishment in delivering their response. Those of us who were not Dept of Energy techie types just looked at each other, stunned. They explained it would have a "daisy cutter" bomb effect on living organisms -- sucking the oxygen out of their lungs and systems, in addition to the obvious heat elevation, burns, and blast overpressure.


    It was a fairly large tank to hold liquid hydrogen. The concern was if there was a large leak and an ignition spark occurred after the maximum leak of the hydrogen after a certain amount of time, under certain (but realistic) weather conditions for the specific geographic area we were studying.


    The tank also required periodic venting (due to hydrogen gas expansion depending on temp fluctuations). The venting gas could, with proper flaring, according to the techies, reach a quarter mile high in the sky. So we had to worry about "coloring" the venting gas and flame so eagles and hawks wouldn't unknowingly fly too near the venting gas/flare (which I guess is typical for natural gas ops).


    Again, I tend to agree with Musk -- the hydrogen as a fuel is better used for special type projects such as rocket or special high power propulsion systems, not mass transportation.
    21 Nov 2013, 06:44 AM Reply Like
  • >rupers . . Very interesting story, thanks for sharing it.
    21 Nov 2013, 10:51 AM Reply Like
  • I am not personally an expert on this topic but I will point out that Mythbusters pretty much demonstrated that hydrogen is not nearly as flammable or explosive as commonly believed . . .
    21 Nov 2013, 12:00 PM Reply Like
  • HTL - best I recall, Hydrogen gas is basically "safe" and not explosive at either low concertrations or high concentrations. In-between concentrations is to be properly avoided.


    Properly packaging H2 and keeping it packaged is not a nit. Especially so in the hands or vehicles of the consumer.
    21 Nov 2013, 02:36 PM Reply Like
  • obi - from above:


    HTL - best I recall, Hydrogen gas is basically "safe" and not explosive at either low concertrations or high concentrations. In-between concentrations is to be properly avoided.


    Properly packaging H2 and keeping it packaged is not a nit. Especially so in the hands or vehicles of the consumer.


    But yup, Hydrogen is a terrific propellant. Check out the NERVA rocket engine of 45-50 years ago.



    NERVA: Nuclear Engine for Rocket Vehicle Application
    In 1961, NASA and the AEC embarked on a second nuclear-rocket program known as NERVA. Taking advantage of the knowledge acquired as scientists designed, built, and tested Project Rover research reactors, NERVA scientists and engineers worked to develop practical rocket engines that could survive the shock and vibration of a space launch. From 1964 to 1969, Westinghouse Electric Corporation and Aerojet-General Corporation built various NERVA reactors and rocket engines.


    In 1969, NERVA's successes prompted NASA-Marshall Space Flight Center director Wernher von Braun to propose sending 12 men to Mars aboard two rockets, each propelled by three NERVA engines (Fig. 5). The mission would launch in November 1981 and land on Mars in August 1982.


    conceptual illustration of a spacecraf
    Fig. 5. A conceptual illustration of a spacecraft for a manned Mars mission proposed by NASA's Wernher von Braun in August 1969. Two spacecraft would make the trip in tandem, each one powered by three NERVA-type engines.
    Image courtesy of NASA.


    Although the mission never took place, engines tested during that time met nearly all of NASA's specifications, including those related to thrust, thrust-to-weight ratio, specific impulse, engine restart, and engine lifetime. When the Project Rover/NERVA program was canceled in 1972, the only major untested requirement was that a NERVA rocket engine should be able to restart 60 times and operate for a total of 10 hours.
    21 Nov 2013, 02:54 PM Reply Like
  • Great find NJB! I'll be reading that ovcer the next little bit as a lot of that brings back memories from my "Yute" (Thx to Cousin Vinny).


    21 Nov 2013, 03:00 PM Reply Like
  • HTL - the "find" was easy, beings I was hands-on!!!
    21 Nov 2013, 03:46 PM Reply Like
  • NERVA didn't burn hydrogen for the energy it contained. The energy came from the nuclear fission reaction. Fission power heated H2 very hot and then the hot gas was expanded as propellant (reaction mass). The expelled H2 would burn in an oxygen environment, but that wasn't part of the propulsion system. It worked just as well in a vacuum.


    NERVA was a brilliant piece of low mass graphite reactor engineering, but was just too heavy to lift any useful payload. The last tested NERVA had a thrust to weight ratio of 1.4:1


    A better atomic rocket variation, called Dumbo, WOULD have worked as a single stage to orbit vehicle. It also used H2 as the reaction mass. But the NASA politics were against it. Dumbo doesn't use graphite for the neutron moderator.


    There is a book about Dumbo out there, but it may not still be in print. I actually found it a year or 2 ago on Amazon. There was also an excellent article in Analog magazine, December, 1975. I have a copy :-) The author is Donald Kingsbury. I believe he also wrote the book version.
    22 Nov 2013, 02:33 AM Reply Like
  • A little look forward.


    I trust they are doing better with this now than Hughes Space Systems. now BA, did with their use of this for station keeping on their model 601 geosynchronous satellites.


    NASA's Innovative Ion Space Thruster Sets Endurance World Record

    22 Nov 2013, 06:23 AM Reply Like
  • Silicon =


    You're right, NERVA Hydrogen did not burn (oxidize) as a propellant, but worked as a very cold, confined, liquefied gas heated to 1000's degrees, and therefore expanded to do it's work (PVnRT).


    NERVA could not have been a lift-off rocket in an Oxygen containing atmosphere for exactly that reason. Unburned, very hot Hydrogen with access to all the Oxygen in wanted in air on earth would have been a "many Hindenberg's" if not way beyond.


    NERVA was designed to work as a second (or more) stage rocket, lighting up if you will where no Oxygen existed.


    Therefore, it did not require massive power to work - no lift-off required.


    It worked.


    It required much safe handling of H2 in all cases, as did the processing and test work on earth to get it where it had to go.


    It was a good technology and revisited 20 and 30 years later for various reasons.


    Once a highly dense energy source is in orbit, MANY interesting things can be done, especially without leaving orbit. Put on your starwars caps and start dreaming.......and as for propulsion energy once in space, a little goes a long, long way.
    23 Nov 2013, 12:07 PM Reply Like
  • Appreciate the exchanges as always


    I have my history with difficult financings


    The key is foresight and planning and NEVER getting to the end of your rope.


    With the irons AXPW had in the fire 12-18 months ago better arrangements could have been made - and none that would have sold the whole company


    That said how do we take advantage of the situation presented to us. With patience $50-55,000 likely gets you half a million shares.


    Wonder what they might be worth in 2-3 years?


    As I have time I will share some thoughts on that value 2-3 years out to stimulate further APC dialogue and debate.


    As always thanks to everyone for this special little place in the world - especially our founder and editor to whom we all owe a debt of gratitude
    20 Nov 2013, 12:27 PM Reply Like
  • I wonder if we can get this re-calibrated and set the reference units to cents with a LL of 10?


    Boost Controller Smoothes Battery Voltage During Vehicle Start-Stop

    20 Nov 2013, 12:49 PM Reply Like
  • Hi ii,
    I got your reference to pps, but have a technical question about that part. If I understand it correctly, it acts as a voltage regulator for the battery? As the battery voltage goes down below a certain point (during discharge) it steps the voltage up?
    20 Nov 2013, 01:09 PM Reply Like
  • Stilldazed, Yes. It will, within it's capability, support the system voltage above a reference voltage.


    Have to keep the voltage above a certain level so you don't start rebooting devices. Some devices also have built in voltage regulation as well to prevent this from happening. Might be as simple as including capacitors in the power supply of the unit.
    20 Nov 2013, 02:32 PM Reply Like
  • ii.
    Thanks for the response. I remember that when a battery started to get weak when cranking the voltage would drop below 10.5 volts and the ECM required 10.5v to run the ignition. With the extremes of temps in my area we were changing batteries every 2 years or so. This seems like a problem solver.
    20 Nov 2013, 03:03 PM Reply Like
  • Stilldazed, Well it can compensate at some level but if your car will not start because it's not getting enough power due to excessive internal resistance in the battery or a bad cell, well you're pretty much in need of a new battery anyway.
    20 Nov 2013, 03:29 PM Reply Like
  • Li-S
    20 Nov 2013, 01:21 PM Reply Like
  • In a manufactured device near you by 2025, give or take a few years.


    Edit: Or 2035 if OEM testing is required.
    20 Nov 2013, 01:48 PM Reply Like
  • Nice touch on the OEM addendum JP!
    20 Nov 2013, 03:38 PM Reply Like
  • Ha!
    20 Nov 2013, 03:57 PM Reply Like
  • TG mentioned (reluctantly) that his expectation for "significant" orders by Nov 15 was in the grid space, and that these projects were delayed by the government shutdown. If that is the case, pleasant surprises may be in the cards for AXPW in the next couple weeks.
    20 Nov 2013, 02:56 PM Reply Like
  • Patrick ---- I've been thinking along the same lines. We may have a merry Christmas after all.
    20 Nov 2013, 07:41 PM Reply Like
  • About that NSC contractor issue. The 'contractor' may not have a direct input on or tasking related to electric locomotives.
    20 Nov 2013, 03:06 PM Reply Like
  • "the Bellevue facility will be NS' largest hump yard,"
    May already have an, unannounced, electric train in use.


    " and the company plans to have all NS' core routes mapped by the end of November. LEADER has huge potential to reduce NS' fuel costs, one of the railroad’s highest operating expenses."
    So an electric engine will increase the fuel saving even more.
    20 Nov 2013, 07:33 PM Reply Like
  • This may have been discussed earlier, but does anyone have an estimate of when the PIPERs will be gone?
    20 Nov 2013, 03:19 PM Reply Like
  • PMP40: IIRC, last payment is March '14?


    20 Nov 2013, 03:53 PM Reply Like
  • Just in time for the 4th quarter and year end report and CC on the 15th!
    20 Nov 2013, 04:27 PM Reply Like
  • OT from Kickstarter:
    20 Nov 2013, 03:26 PM Reply Like
  • Looks like Axion has put out a press release as an advertisement for the PowerCube in renewable energy use.


    20 Nov 2013, 04:22 PM Reply Like
  • Ads are good...


    I have worked in the adworld for decades, and there is an old saw that goes:


    "There is a terrible thing that happens when you don't market your company," said the wise guru, as he sat outside his cave and surveyed the evils of the world laid out below his moutaintop.


    "What is it?" asked the junior adman, as he shivered in his loafers.


    "Nothing," replied the guru.
    20 Nov 2013, 04:42 PM Reply Like
  • Both have a mistake in the first line. AXION are you reading this? Fix it!!!


    "California’s energy storage mandate came news that China’s investments in energy storage have reached $500 million"
    20 Nov 2013, 04:46 PM Reply Like
  • jveal,


    I just went to the website but the release does not show up for me! Is it located in the "press release" section?


    20 Nov 2013, 04:49 PM Reply Like
  • I found it with a google search for "axion power"


    I tried to get it to show on press releases to verify that it was a new one and could not. It does have today's date at the bottom. I also found it on Noodls with a time and date stamp.
    20 Nov 2013, 04:53 PM Reply Like