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  • Axion Power Concentrator 94: April 29, 2012: Axion Power Receives Initial Norfolk Southern Order For PbC® Batteries 221 comments
    Apr 29, 2012 3:11 PM | about stocks: AXPW

    These instablogs and the people who maintain them have no relationship whatsoever to Axion Power International. To our direct knowledge no person with a current relationship to Axion Power International other than being a shareholder participates in these instablogs.

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

    Axion Power Receives Initial Norfolk Southern Order for PbC® Batteries

    NEW CASTLE, Pa., April 26, 2012 /PRNewswire/ -- Axion Power International Inc (OTC Bulletin Board: AXPW), the developer of advanced lead­-carbon PbC® batteries and energy storage systems, today announced that it has received an order from Norfolk Southern Corp (NYSE:NS) for PbC batteries for use in a battery-powered locomotive. Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern's NS-999. The total purchase order will be shipped and deployed in the next 90 - 120 days. To date, this is the largest single PbC battery order that Axion has received. No further details were disclosed.

    Axion Power Chairman & CEO Thomas Granville commented, "We have been working with Norfolk Southern for two and a half years, and we are very pleased that this first hybrid 'switcher' yard locomotive, to be run completely on PbC batteries, will soon be in service. We have been moving on a parallel development path with respect to supplying batteries for the first NS 'over the road' locomotive. This larger, more powerful, unit will require approximately twice the number of batteries as those to be shipped for the yard 'switcher' locomotive. High-performance PbC batteries are ideally suited for hybrid locomotive applications due to their high charge acceptance, fast charge and discharge capabilities (important in regenerative braking), and their inherent ability to equalize voltage when utilized in large string configurations."

    Granville continued, "Of course PbC batteries are also very stable and safe because of the close construct similarities they share with lead-acid batteries - a chemistry that has been safely deployed for more than a century. Unlike some of the batteries being used in various vehicular applications, PbC batteries operate safely at all temperatures; are 100% recyclable; and are priced substantially below the cost of some of the more highly publicized exotic battery chemistries. We feel these attributes are becoming more fully appreciated by our customer base in general, and by NS in particular. As for a strategic partner, you couldn't ask for one better than NS. We anticipate a long and mutually beneficial partnership as they move forward with their hybrid locomotive strategy."

    A yard switcher locomotive, or 'switcher', is used in a train yard to assemble and disassemble long trip over-the-road trains. Additionally it is used for the general movement of railroad cars around the rail yard.

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    Axion Power Chart Before the 2011 Run and Now: from Jakurtz

    Despite the news and the seemingly poor performance of the stock following; this chart remains in play through the next few days. It even followed HTL's TA chart that called for a drop to at least .40 (which Mayascribe bought at -- seems fitting if it is the last we see of .40). As it stands it still mimics last years chart -- the day before the run it dropped a penny from its normal resistance of .59 (equivalent of our .42 this year) to close at .58 (we closed at .411 on Friday) the following couple days as it bounced off the lower bollinger band it passed up through the 200-day MA and the run was officially moving. We will just have to see if it replicates that bounce on Monday or Tuesday, if it does not pass through the 200-day this week then the chart becomes irrelevant.

    (updated through closing Friday April 27th)

    (click to enlarge)

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    Axion Power's Weighted Moving Average Price and Volume:

    (updated through closing Friday April 27th)

    (click to enlarge)

    Chart on Concentrator Comments: updated April 29

    (click to enlarge)

    Thanks to John Petersen for providing the charts.

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

    LINKS to valuable Axion Power Research and websites:

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

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

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

    Axion Power Chart Tracking, HTL tracks AXPW's intra-day charting.

    Axion Power Q1 2012 Conference Call Questions, Set-up by Bangwhiz

    -----------------------------
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    Disclosure: I am long AXPW.

    Stocks: AXPW
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Comments (221)
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  • Axion Power Host
    , contributor
    Comments (523) | Send Message
     
    Author’s reply » Last Post from Poul Brandt..
    ----------------------...
    Maxwell Technologies' CEO Discusses Q4 2011 Results - Earnings Call Transcript

     

    Link:
    http://seekingalpha.co...
    Interesting to hear about Start/stop from another entity.

     

    I especially notice that the reference to car manufacturer is rather unspecific: ..making the rounds in Detroit, explaining and demonstrating.... ".
    That seems to be far far away from getting a contract. So no one in Detroit is testing their batteries yet?.

     

    "All hybrid cars incorporate a stop-star idle elimination function that turns off the internal combustion engine as the car slows and then restarts the engine when the driver releases the brake. Batteries have been the incumbent energy source for stop-start. The constant restarting and stopping in stop-and-go traffic wears out batteries quickly. Heavy cycling and cold weather also affect batteries' ability to recovery quickly enough to provide power for repetitive restarting.

     

    So stop-start systems constantly monitor battery to determine if it has sufficient power for the next restart. If not, the system disables itself until the battery recharges. So no fuel is saved and no emission reductions are achieved until that battery recovers. PSA's ultracap-powered stop-start system restarts every time in all conditions, reliably reducing fuel consumption and emissions by up to 15% in urban driving.

     

    Auto Bild, Germany's largest automotive publication, and the German equivalent of the AAA have both recognized the PSA system for its superior performance and reliability. We expect Continental would be able to capitalize on those good reviews to win more auto business.

     

    U.S. automakers have begun announcing stop-start launch plans too. And we and Continental have been making the rounds in Detroit, explaining and demonstrating how ultracapacitors make micro hybrid cars more reliable, more fuel efficient and more environmentally friendly.

     

    More than 60 million new cars are produced by automakers around the globe each year. So the industry drives huge volumes for part suppliers. Any amount of ultracapacitor content per car multiplied by any reasonable fraction of the vehicles produced would create $1 billion market opportunity by the end of the decade.

     

    Maybe if you continue to ask when we might announce another automotive design-in, as we've said in the past, we continue to be engaged in development activity with several automakers and tier-1 suppliers. The success of the PSA program has validated our products and it's stimulating in generating request for price growth. But it's a slow process and the industry is secretive, so we can't predict timing for design-in announcement."
    29 Apr 2012, 03:03 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Axion said:
    We are in discussions with several domestic and international OEM automotive makers for start/ stop systems.

     

    Sounds like both companies are finding the sledding to be tough. Automakers sure know how to slow things up enough to drive the price down by at least one competitor.

     

    Axion believes it will win the price battle. Axion believes it will win the performance battle. Axion simply believes it is the best solution for the money in the start/stop arena.

     

    My portfolio sure hopes they are correct.

     

    But heck. I will simply take 10% of the S/S market and be happy.
    29 Apr 2012, 09:06 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I've ceased to worry about stop start, as compelling an opportunity as it may be. I am mesmerized by the rail and Powercube prospects. Axion's potential in rail is huge and AGM is inadequate, L-ion is expensive and has safety, recycling and weather limitations. The GE battery is a competitor, but probably not for retrofits. Rail and Powercube is here and now. Who knows when Stop Start will become revenue for Axion?
    29 Apr 2012, 09:57 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    BW,
    I'm not worried about S/S. However, I am anxiously awaiting an announcement. Just like the NS announcement. At some point the least expensive solution with the highest dynamic charge acceptance will be chosen. The OEMs don't want to make a mistake but they can't afford the fines to be out of compliance either.
    30 Apr 2012, 06:17 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    http://bit.ly/KorjJQ

     

    comments from CESA on the CAISO - PAY FOR PERFORMANCE REGULATION DRAFT FINAL PROPOSAL February 27,2012
    29 Apr 2012, 06:53 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    I have deduced that the list of companies listed at bottom of page one are members of CESA. Wondering if it would benefit Axion to be a member - while realizing can't be a member of every organisation and some are more worthwhile than others. At the same time, California is a large market and energy storage seems to be a hot topic there.
    30 Apr 2012, 06:06 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Here are the type of things that will drive the huge investments in the grid & storage:

     

    Navy nears agreement with California on power:

     

    http://www.me.com/mail
    29 Apr 2012, 10:28 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    bad link LT, can you retry
    29 Apr 2012, 10:51 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    here is the link ...sorry
    http://yhoo.it/KlU49o
    30 Apr 2012, 04:45 AM Reply Like
  • WDD
    , contributor
    Comments (60) | Send Message
     
    176 new comments!?! Okay, the pace on this concentrator is exhausting me! A guy tries taking a weekend off....

     

    I've heretofore thought it reasonable to expect potential investors new to Axion to "catch up" on the APC, but that notion is nearing (practically) impossible. So let's remember to be patient with new guests who just can't do it. (All Axionistas --please remember to recommend important new info to Bang's APC web site or add it yourself to the wiki.)

     

    But don't stop this breakneck parade--the collective knowledge and insight represented here is astounding. Must peddle faster...faster... (whew!)....
    29 Apr 2012, 11:48 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    WDD,
    I had not anticipated the issues which will probably be caused by so many new investors in Axion, coming to the site. It will be interesting to note how the information flow changes.
    So far APH has accomplished all in a reasonable manner.
    Thanks for all your work APH.
    30 Apr 2012, 06:42 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2260) | Send Message
     
    AXION POWER HOST very soon will have over 100 Followers. Not bad! ;-)
    30 Apr 2012, 03:58 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Just wait till APH's follower numbers start to come close to JP's numbers ... lol.
    30 Apr 2012, 08:44 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I picked up substantially all my followers during a one-year period from January 2010 to January 2011. I started out with 1,650 followers in mid-January 2010. While SA was making contributor suggestions to new users, I picked up an average of 1,000 new followers a week. By the time they ended the program in January 2011, my follower count had rocketed to almost 53,000. So I figure I've earned about 2,000 of my followers and received the rest as a gift.
    30 Apr 2012, 09:03 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Yeah. That program has created a legacy of problems in SA's rankings. Its a quirky thing.
    30 Apr 2012, 09:06 AM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    JP,
    It takes a humble man to credit his success to others. You may initially get followers as a gift, but you only keep them and continue to increase as you prove yourself trustworthy. Thanks for being someone we can trust to give us an even handed evaluation of Axion and its competitors.
    30 Apr 2012, 09:11 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I try to gauge the popularity of my work by the page view statistics that SA makes available to contributors. Their site average is about 4,300 and my article average is probably closer to 7,000. While that's a big audience for a fascinating industrial backwater like energy storage, it's no great shakes in the greater scheme of things.
    30 Apr 2012, 09:21 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Well now, THAT'S an interesting start to trading.
    30 Apr 2012, 09:37 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Looking good this morning...range of .43-.47 currently bid .45/46 ask 38,000 traded
    30 Apr 2012, 09:38 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    $.47 spike, now .45 again?

     

    Early morning hangover for a marketmaker getting fat fingers?
    30 Apr 2012, 09:44 AM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    Yes... could this be history to start repeating? The flippers have flipped and the ESA conference is just two days away...
    30 Apr 2012, 09:43 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    We're also two weeks from a Q1 conference call.
    30 Apr 2012, 10:02 AM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    I've seen the date May 15 mentioned a couple of times, but it hasn't been announced yet(?) Is that the last possible day?
    30 Apr 2012, 10:06 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Could be we've scraped monsieur (sell you all you want at .42) barnacle off the keel.
    30 Apr 2012, 09:48 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    That would be great, but time will tell--they stepped aside early in the day after the NS news came out, the price went up, then they hammered away at the bid. Smart move by them. Today is kinda similar so far.

     

    If it's the start of delayed buying (the weekend for folks to catch up and make a decision), that would be cool.
    30 Apr 2012, 09:55 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Agree, afternoons have not been kind to us. Nice to get a recent new high, even though don't expect it to stand. Seems to be more fluctuation than usual in opening minutes. Interesting that .472 is 200 MA and we just kind of bounced off it with the ,47. And ask seems to be coming down, at .45 now.
    30 Apr 2012, 10:01 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    The action seems a little better than Thursday so far--BTIG and AUTO have been well off the best offer for awhile, and when someone hits the offer, it usually goes away, unlike the perpetual offers we had last week. It's still very early so far, though.

     

    Seems like the price wants to go up, so perhaps the flippers or whoever the sellers are should let it rise a bit or at least stay here, like the move from the upper 30's to 42 cents. Then resume their selling programs, but at the higher price.
    30 Apr 2012, 11:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    For the first 285,700 shares the weighted average transaction price was $.4433, which is a pretty solid number and within spitting distance of the 200-day VWMA of $.4564.

     

    Unless we see an amended Form 144 filing, we have to assume that Quercus is on the sidelines.
    30 Apr 2012, 11:33 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    John, if they make such a filing, how long do they typically have to wait until they can restart their selling?
    30 Apr 2012, 11:41 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    The AUTO guys are back now--making their ask just under the 2nd best ask (though at a .25 cent spread--what's up with that? They are usually 1 or 2 hundredths, lol), and them or someone else hit the new, upped 44 cent bid after only a minute or two.
    30 Apr 2012, 11:47 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    An amended filing is effective immediately, but I really don't worry too much about Quercus because they've been so well behaved for so long and the number of shares left in their hands was 1.6 million as of their last report.
    30 Apr 2012, 12:00 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Thanks, and as jakurtz has mentioned, they didn't file an amended last time, anyway.

     

    Also, thanks for the additional commentary for those who haven't been paying attention or who are new to this blog. I've noticed that you certainly think repetition helps, and I agree. Excellent approach for the retail mktplace especially.
    30 Apr 2012, 12:18 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    With 94 Concentrators and 16,800 comments, it would be unreasonable to think anybody would go back and read everything that's gone before.
    30 Apr 2012, 12:32 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    100K went at $0.4302 9:50:49.

     

    hardToLove
    30 Apr 2012, 09:53 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I don't get these guys HTL, but they can't be sellers forever. However, my next buy can't happen until Wed because of the slow ACH transfer process at my broker and I was to cheap to wire transfer! I hope they have enough left to sell cheap by then.
    30 Apr 2012, 10:21 AM Reply Like
  • battman
    , contributor
    Comments (370) | Send Message
     
    Some people must have done some reading over the weekend. Nice to see it.
    30 Apr 2012, 10:07 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Some news items take time to absorb and I think the NS purchase was in that class. It's a subjectively small purchase with minimal clues about follow-on commitments beyond the road locomotive. Even I had to spend a couple days doing additional research before I could write about the transaction. The way the market behaved Thursday would be enough to unsettle many. On balance, I think the market decided that this is good news.
    30 Apr 2012, 10:14 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    It would be nice to have a high volume day to shake loose more "infirm" shares.
    30 Apr 2012, 10:20 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    bid/ask is gradually coming down, flippers still active, like the 100,000 share trade. but they are more cautious now, looks more organized.
    30 Apr 2012, 10:42 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    "...more organized..." resonates with me right now... Could the sharp .47 hit just have been an attempt to "ignite" interest to sell into?

     

    Volume will tell the tale in the end.
    30 Apr 2012, 10:52 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    I posted a link to JP's new article on one (TSLA) article... if others want to cherry pick at a similar strategy - e.g. if each Axionista puts a link to JP's new article on one faux Greentech article - maybe a few greenies will wake up and smell the economics and realities of being Green vs. sci-fi fantasy green
    ***
    Although... I guess I could still buy more shares under $.45... but I was actually hoping to pay more for my next purchase... (its kind of like eating too many sweets... if I'm really going to go all in, it might as well be painful enough that I have to unbuckle my belt and take migraine medication)
    ***
    consider the source: I once suggested to a friend that we go on a Pastry Tour Of Paris (like a pub crawl with sweet pastries), exclaiming: "We'll eat until we're ill. It will be great!"
    ***
    Lasted three hours... heck of a migraine from the sugar rush... but a heck of a lot of fun.
    30 Apr 2012, 11:25 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    But did you survive long enough to reach Fauchon? If not you may have to do it again.
    http://bit.ly/IEjIp5
    30 Apr 2012, 12:35 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    I've reached Fauchon... but not that day.

     

    I've had a few pastries in my day... though none more in a single day than on that single day.

     

    Some day I'm going to write a pastry guide to Parisian bakeries... with rankings for eclairs, palmiers, et cetera. I may even eat more than I did that day in the process :-)
    30 Apr 2012, 05:59 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    If people do not believe that the Axionistas are a wide ranging group with a variety of interest and hobbies ( none being battery related) than they simply need to refer to this particular off topic discussion of pastries.

     

    BTW: There is only one reason to visit New Orleans. And it has nothing to do with Jazz.
    30 Apr 2012, 06:41 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Some go to New Orleans out of a fondness for Creole Lady Marmalade but I prefer The Commanders Palace.
    30 Apr 2012, 11:59 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Well the "Louisiana Kitchen" makes my favorite creole dishes (although breakfast at the Commanders Palace) is a one time treat.

     

    But my reference was to the Cafe du Monde and the most wonderful Beignets in the world. But why not? Some Frenchman started the joint in 1862.
    1 May 2012, 06:23 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    err.... did anyone else notice on the Torque News article about Axion/NS agreement that there was a headline on the left under "Latest Auto News" titled "Man Sues BMW for Giving Him 20 Month Erection after Ride". Is BMW attempting to corner the market for the older rider? Link.

     

    http://tinyurl.com/7e3...
    30 Apr 2012, 12:56 PM Reply Like
  • Ricknplano
    , contributor
    Comments (318) | Send Message
     
    I have a Honda 1100. But I may see if that BMW seat can be bought in the aftermarket to fit my Honda. :)
    30 Apr 2012, 01:09 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    probably will be a fierce bidding war if goes on ebay.
    30 Apr 2012, 01:15 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    unbelievable... "Wolf claims that the bike’s ribbed “banana” seat design caused his affliction."
    30 Apr 2012, 01:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Hmmm... Sounds like one of those cases where the consumer got the order reversed...

     

    The ribbed banana seat should have been utilized EXTERNALLY, not INTERNALLY...
    30 Apr 2012, 01:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Rachel thinks it sounds like a good idea for girls too.
    30 Apr 2012, 01:37 PM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    I have an '02 R1150RT; the only thing I've suffered is pauperism. Maintaining a BMW motorrad isn't cheap.
    30 Apr 2012, 07:28 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    I hate to add to this particular area in which I am not very well informed.

     

    But would a PbC powered external banana ridge seat do much for Axion sales?

     

    What exactly is Rachel's opinion?
    30 Apr 2012, 07:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    She'll pass on that one.
    30 Apr 2012, 11:59 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I blew my ACH submission to my broker, had to resubmit and I won't have the money available until Thursday, so I jacked up the amount. I just hope the stinkin' flippers don't run out of shares by then! You hate them when you aren't buying, but then when you wanna buy you love 'em! Keep on flipping you SOB's!
    30 Apr 2012, 01:06 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    yeah bang...I got to be honest -- I am warn out with the "opportunity buying". Besides, I tossed out my snorkel gear.
    30 Apr 2012, 01:37 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I have two accounts - one well underwater (snorkel leaking) averaged at .83 slowly coming down from much worse, and another much larger account that is in the catbird seat averaged at .45. Most of the new money is going into that one where it can do the most good, the other one will get its regular monthly small transfusion. I'm all in with the pedal to the metal. I feel like Steve McQueen in Bullitt. Hope the ending is a lot happier!
    30 Apr 2012, 01:58 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    To late to edit Jakurtz so I wanted to add why I am buying now. For so long the potential of price appreciation was completely up in the air. The NS order, the Powercube opportunities, Vani coming on board, the later OTR order (fingers crossed) makes buying now so much more compelling than when we just exercised blind faith for so long. .

     

    40-.45 looks strongly like a bottom to me and Vani is going to want those paychecks to keep coming. I am sure he'll move heaven and earth to see that that happens.

     

    I think it is a safe move with a great possibility for an outstanding upside gain. A hell of a lot if the risk (while still there) has been substantially reduced. Then there is TG's expectation of 300% YOY sales growth and breakeven in 2013. If that turns out to be the case (and I have no reason to question it at the moment) then buying today is an absolutely no brainer.
    30 Apr 2012, 02:29 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    BW > "... there is TG's expectation of 300% YOY sales growth and breakeven in 2013."

     

    Was it breakeven, cash flow breakeven, in 2013?
    30 Apr 2012, 06:12 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Yes,
    TG said Axion would probably be cash flow breakeven by the end of FY 2013.
    30 Apr 2012, 06:43 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Can't split that hair - I thought the exact words were breakeven, so probably not cashflow, but just read Futurists remark below and I know he studied the hell out of the conference call so he's probably right.
    30 Apr 2012, 07:02 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    No,
    The exact words were that we would be breakeven on a cash flow basis by the end of FY 2013. If of course I am remembering accurately which I bet I am.

     

    I would never put my own spin on that quote.
    30 Apr 2012, 07:03 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    I noticed this call for abstracts from the IEEE today:

     

    http://bit.ly/Ikz2wy

     

    In my opinion, Axion is very good at technical white papers. I would be very much pleasantly surprised if Axion was able to put out a paper on some aspect of grid storage.
    30 Apr 2012, 02:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    74,125 $0.43 14:43:51.

     

    HardToLove
    30 Apr 2012, 02:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Through 531,434 shares the average transaction price is $.4395
    30 Apr 2012, 03:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Yep. Through 532,784, VWAP is right there - $0.4394.

     

    Average trades size 5,328, a little higher than I would like, suggesting that selling is a tad more dominant... Yep! Buys 194750, sells 331734. VWA sell $0.4329, VWA buy $0.4504.

     

    HardToLove
    30 Apr 2012, 03:31 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    100 followers, and accelerating! Hurray
    30 Apr 2012, 03:22 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    Welcome to our follower no. 100:

     

    Joe Public
    30 Apr 2012, 03:27 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Poul Brandt ... Damn, I missed it. I guess I'll wait and try to be No. 200.
    30 Apr 2012, 06:31 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    DR
    That should be some time next week!

     

    But be aware. I am awake when you sleep :-o
    1 May 2012, 01:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Well, I'm trying a long $33 May 19 put on (TSLA) again. Could I get it right 3 times running? We'll see. Caught it near the EOD high at 15:44 $33.18. Paid $1.70 on 5 contracts.

     

    xxx <--- fingers crossed again (I may have to go for physical therapy if I keep this up).

     

    HardToLove.
    30 Apr 2012, 03:54 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    HTL,
    I keep thinking the hype going into model x production will keep the stock price high. Own those puts when the first production glitch is announced. Good luck again.
    30 Apr 2012, 03:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Futurist: This is a pure TA play. Doesn't matter what the product does for this. Just taking advantage of the waves up and down to rake a little cash.

     

    BTW, another Elon Musk company, Solar City, is planning an IPO. Just hit the wires today.

     

    I hope they have better luck than the other solar companies recently.

     

    HardToLove
    30 Apr 2012, 04:18 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    I get what your doing. Just suggesting that if I were planning on Telsa stock price going down I would want that position "on" when the first production glitch occurs or is announced.

     

    Same as being long Axion when the automotive order is announced.
    Oh yeah, I forgot. Axion gets punished when good news is announced :-)
    30 Apr 2012, 04:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    "Oh yeah, I forgot. Axion gets punished when good news is announced :-) "

     

    LoL! Yeah. But the good thing is that we know the breaking of that pattern is on the way - just not as quickly as we'd like.

     

    HardToLove
    30 Apr 2012, 06:36 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    I have no idea when the pattern will be broken. But I know that I have bought several beaten down stocks with good income statements and balance sheets. In every case the stock price rose.

     

    Add to that mix an annual revenue rise of 300%. A market potential in the Billions. Oh yeah. We know the pattern will be breaking.

     

    We can temper the enthusiasm until another product market comes into existence. But if the PowerCube finds a market, Katy bar the door.
    30 Apr 2012, 06:48 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    300%:

     

    I wonder if some of the wiser and more experienced heads here can comment further on what is fast becoming the new Axionista mantra, TG's quote in the last cc of 300% year-on-year revenue growth 2011/2012/2013, with break even expected in 2013.

     

    I find myself recalling TG's prediction toward the end of last year that the next (now last) financing would be done at an enterprise valuation of $75 million (then corresponding to $.87 a share). He was way off base then and could easily be again. Although stimulating all the right neural networks, circa $100 million in revenue in 2013 seems upon less euphoric reflection an incredibly steep ramp to me. Half that number would be going some.
    30 Apr 2012, 07:53 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    I believe we have to be careful who we attribute comments to. I don't believe I can find anywhere in a cc or otherwise that TG said they would not do the financing until a $75M EV. I tend to remember that was a poster who speculated on that number after TG had told him they would wait to try to do the offering when the price was higher.

     

    Management trying to talk about when they would *like* to do the offering at an annual stock holders meeting which is dependent on the irrationality of the stock market versus management talking about solid business developments in terms of revenue growth that is very much in their control...are miles apart.
    30 Apr 2012, 08:07 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    >anth -- I think it important to distinguish between "breakeven" and "cash flow breakeven." The former implies no loss or profitability while the later indicates not necessarily profitability but an end of financial hemorraghing (cash burn).and abatement of going concern risks.

     

    300% revenue growth would amount to an increase of $24 million over the $8 million generated in 2011. Without further guidance on "product" mix any and all scenarios to 300% revenue growth are speculative. In light of TG's remark that Vani Dantam's performance since joining the firm had exceeded all expectation, the mix could be almost anything from 10s of million in PbC battery sales to multiple millions in research contracts with small PbC sales and large toll LA battery revenues.

     

    TG cc comments re-renewal of the toll contract on strength of no product returns or fails can be interpreted as suggesting a satisfied customer wanted more of what they got last time. JP has offered one reasoned speculation projecting continuation of toll contract revenue growth at rates observed in 2011 (40% per quarter). JP estimated Q4 toll contract revenues as running at roughly $10 million annual rate. Quarterly growth of 40% would generate ~$19 million for the year which would, by itself, amount to 133+% growth in revenues over 2011 from all sources. We know of a firm $0.5 million in PbC sales to NSC and expectations of selling at least another $0.9 million for OTR locomotives this year. PowerCube sales to PV and/or Wind Farms as well as to industrial firms are definite possibilities. And then, there is the possibility of a S/S design win for several thousand batteries this year.
    30 Apr 2012, 11:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    When Tom spoke of the upcoming financing on November 15th he had a stable stock price going into the call and he knew that PJM would be announcing the PowerCube as the first behind the meter frequency regulation resource in the country within a few days.

     

    Under the circumstances I'd have been high as a kite and expecting great things. I would not have expected Special Situations to go on a *get out of Dodge by year end* selling spree that poured almost 3 million shares into the market and crushed the price by 50%.

     

    It's perfectly reasonable to hold management's feet to the fire when it comes to their forecasts of business performance. It's another entirely to criticize management for the unexpected choices of investors.
    1 May 2012, 12:14 AM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    jakurtz: There are a ton of uncertainties in each of these (indeed most all) projections, but your point is well taken
    30 Apr 2012, 08:10 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Thanks, your point is taken as well. TG said 300%-400% revenue growth and we have been using the 300% to discuss it with...I wouldn't go home crying with a modest (by these standards) 250% growth either (if you really want to be conservative), but I am in the 300-400% camp myself.
    30 Apr 2012, 08:33 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I believe it is all about sales now. Charts, projections, etc are just so much noise. The company starts moving product - the stock goes up - absent sales the stock goes down. I'm betting that enough sales are coming reasonably soon to make a bet at today's prices. End of my analysis.
    30 Apr 2012, 08:29 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    anthlj and jakurtz: It was I who reported about TG stating an offering wouldn't occur until after market cap had reached $75M.

     

    Here's what I wrote in the very first Instablog (written July 21, 2011):

     

    --I believe the vote that took place today about adding common shares up to 200,000,000 will pass. Granville said Axion does not currently need money. He does not expect the offering to occur within the next two months. The ability to have the shelf offering, which this time will be public rather than private, will expire on March 15, 2012. Granville stated that if the offering does occur, if Axion needs more money, it will be after a, "Price spike," he said, getting the valuation over $75,000,000. That's potentially a tradeable barometer, for those whom want to trade rather than hold this stock.

     

    ####

     

    There is likely no way TG at this time would know, or could have anticipated that Special Situations would change management, which led to SS's decision to liquidate Axion shares. And therefore led to a direct shelf rather than a public one, at a much lower share price.

     

    I agree that TG could be way off based again. But the variables have now narrowed to Quercus almost being done selling, and now the new offering likely selling in heaps and mounds, having further deleterious effects to rising share prices.

     

    But, TG can offer insights that are revenue oriented, which should be far more accurate than guessing forward market cap. He knows what's in the "pipeline."
    30 Apr 2012, 08:35 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Thanks Maya for recalling that, fair enough. I thought the only quote we could attribute to him was "price spike" which, technically we had.
    30 Apr 2012, 08:47 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    We've discussed many times the question as to whether the PbC truly needs to be paired with a conventional LA as starter battery in autos. Helpful info from Kirk Tierney on this question on Brand X:

     

    "PbC has a flaw in another area: It has a high self discharge rate. Don't leave it for a month unattended, 30% of the energy will be gone. Going away on vacation? A capacitor will lose 10% per day easily, so PbC is much better than them, but LAB's are stronger in this respect. That is why PbC is not a good choice as a starter battery. "

     

    http://bit.ly/IBE3C3

     

    Very far from a deal-breaker, just something to keep in mind.
    30 Apr 2012, 08:58 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    It is comments like these that make me wish Seeking Alpha had a way to have two-authored articles... which would allow for there to even be a pro-con exchange on companies. http://seekingalpha.co...

     

    JP... maybe something can be arranged separately with an author taking the opposite position and you could publish on the same day and have SA make hyperlinks to each other's articles to get the other side of the argument?
    30 Apr 2012, 10:02 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Jon, that makes me think about a football coach giving his team a "one for the Gipper" speech before the game and then inviting the opponent's coach into the locker room to tell the players that they are going to get their A$$ kicked today.
    30 Apr 2012, 10:37 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    BW, have you watched news on the TV lately? Apparently, 4 people who disagree with each other all yelling at each other without making substantive points is all the rage.

     

    In seriousness... this is a website to consider and make investment choices. What better way for people to feel like they're making an informed choice than to hear both positive and negative views on a company before making that choice?
    30 Apr 2012, 10:43 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    In all seriousness I have no problem hearing opposing views. What I want most though are balanced views. All one side "gung ho" and all negative on the other side leaves you unsure of anything. I think there is nothing wrong with fully discussing the risks. What I would like is a debate about what those risks are and the degree of risk for each. I think if some bright person put together a decent laundry list of risks for Axion in a header and if all the Axionista's debated those risks it would provide the balance you might want.

     

    The biggest risks in my view are something could go wrong with the NS field test, nobody buys a powercube (either fixed or mobile) all year, or BMW announces a multi-year contract with someone other than Axion for stop start batteries for all models.

     

    Axion could also unexpectedly lose a key executive, the facility burns down, a tornado rolls through New Castle. Then there is the 2013 capital raise, why the money is needed and what does it fund, as well as Axion's circumstances at that time. In short, any really bad news at this juncture and all bets are off.

     

    Right now Axion is a little like a person with a 3 wheel vegetable cart. As long as things stay in balance everything is fine, but if the cart tips over its really bad news.
    1 May 2012, 12:23 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    well-stated. fair enough.

     

    it was just an idea... :-)
    1 May 2012, 12:26 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The problem I run into in all discussions of electric drive is that other authors and most commenters want to talk about the joys of owning an electric car while I want to talk about the risks of owning stock in a company that makes electric cars or their components.

     

    If a writer's focus comes from the perspective of a buyer of an EV, he wants prices of batteries and all other components to plummet and he couldn't care less whether Nissan loses money on every Leaf it sells.

     

    If a writer's focus comes from the perspective of a battery manufacturer, he wants hard won efficiencies to increase his bottom line for the benefit of his stockholders.

     

    Without common ground, it's very hard to have an intelligent debate.
    1 May 2012, 12:36 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Even with manifold risks, one fact persists: The Device.

     

    It exists; it cannot now be unmade. If PbC's various electrical virtues are genuine, and those virtues remain lacking in other devices, and those virtues can fill real unmet needs, PbC will survive. It will endure. It will proliferate. The law of economic gravity will see to it. Now of course Axion itself may choke, it may take on water, it may yet even drown. But at this advanced point in its progress, it seems very hard to imagine that PbC itself could really ever die with it---I don't think it's a stretch to say that it's now reached a kind of independent viability. The fundamental value has been created. Miraculous in its own way even as a birth. And it will live on with or without Axion. But as Axion has shown itself to be such a tenacious parent, and strong swimmer, in so many currents, I gotta think our vegetables are safe. ;)
    1 May 2012, 12:59 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Of course on the topic of risks Axion's 10K discloses all the identifiable risks very clearly. Perhaps that would be a simple header.
    1 May 2012, 01:10 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    John, I'd say that there is one of your most compellingly clarifying encapsulations yet. And that's saying a lot. ;)
    1 May 2012, 01:13 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've been thinking about that as an article theme, but I'm struggling with SA's editorial mantra that contributions should offer actionable investment analysis.
    1 May 2012, 01:17 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Speaking from a bit of self knowledge, (having one of the denser heads ever to hit a sidewalk) I believe one big pitfall for newbee tech / greentech / geewhiz-tech investors is to get all enamoured and loved up about some new cool technology and wanna throw money at it (cough cough, solar, Beacon, fuel cells, Li-ion) in the form of this shiny new stock or that cool little company.... without ever really examining the business case and figuring out just how it is that they're going to make $money$... Now I know with that I've just re-earned my Captain Obvious bars, with gold clusters, but seems to me that there's always a new crop of dreamy eyed youngsters much too ready to be parted with their money for the next cool idea in investing, who can always stand to benefit from a fresh intake of sage wisdom about what it takes for a business to actually make it to the promised land. Perhaps a natural follow up to the valley of death themed article?
    1 May 2012, 01:38 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    How's this for a lead in?

     

    Most readers don't realize that I used to drive an EV every day. The epoch was the mid-60s and my EV was a three-wheeled snow-cone cart. It was a great job for a teenager in Phoenix and even with a couple hundred pounds of ice on board my little EV was a snappy performer. The cool kids all laughed when they compared my EV to their Detroit muscle but I had the last laugh, a pocket full of cash from a profitable business.
    1 May 2012, 01:57 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    For the past 20-25 years investors have been spoiled. You just ride trends. The .com bubble, just buy anything and get rich, then roll over to tech& oil, then gold & commodities, then APPL (half the posts on stock talk is APPL), then shorting financials, then buying clean energy (solar),,,you did not have to do research and make long term investing decisions.

     

    As these bubbles have come and gone, we now see lower volume, remove the bots & their 22 second hold or remove their bogus orders and investing is entirely different. Not saying you can't trade, but it is much more difficult now. Buy & hold is not dead...in fact I bet the last 5 years buy & hold has beat traders by a big margin (most funds & hedges have not beat the averages). Look at the factors....defined benefit plans are gone now, most companies are not matching 401-k's anymore, pension plans are at least $500 billion underfunded..and these are USA only factors.

     

    I think this mentality affects AXPW, people want instant gratification. If they got a BMW order tomorrow...speculators would run it up just like all the other bubbles. I believe you seen a bit of delayed reaction yesterday as the NS order got attention and brought in a bit of buying after some DD was done. This could continue gradually and slowly even with some selling.
    1 May 2012, 06:01 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    One the things relative newcomers to Axion have a hard time grasping is the way monthly trading activity has changed over the last four years. This morning I posted a new Instablog that presents the data in a column graph with an exponential trend-line overlay.

     

    http://bit.ly/Ks53P7

     

    What the graph shows is a company that was a complete unknown four years ago and is finally showing up on the radar. It's not enough to grab the broader market's attention yet, but the trend is heading in a good direction.
    1 May 2012, 06:45 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    One of your best posts ever, 48. Good substance; eloquently worded.
    1 May 2012, 10:26 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (707) | Send Message
     
    LT

     

    I repectfully disagree with including gold and silver as a bubble. Ten years and running for gold isn't a bubble. Silver hasn't even started it's run yet as it is being manipulated. Just thought when i finally could add something where my DD would help i would throw it in..

     

    map
    1 May 2012, 11:16 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1285) | Send Message
     
    off topic: NOK, any takers?
    30 Apr 2012, 10:54 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2260) | Send Message
     
    Latest headline: Cellphone maker Nokia (NOK:$3.65) is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world's most expensive mobile phones, a source familiar with the company's strategy said on Monday.

     

    Also: DOWNGRADE: Nokia (NOK) downgraded by RBC Capital Mkts from Outperform to Sector Perform.

     

    Still agnostic.... it would seem there is already alot of BAD news priced-in at this point.

     

    -OR
    1 May 2012, 02:24 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2260) | Send Message
     
    On a somewhat related note: Sprint (S) CEO Dan Hesse added to his rather large position in his company's stock recently. The stock has been hammered, but one has to wonder if a nibble or two is prudent at this point.

     

    -OR
    1 May 2012, 02:26 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1285) | Send Message
     
    thanks. looking at nok, going ex div this friday, microsoft's interests and 15 year lows i am tempted to at least start buying in spite of cash burn.
    1 May 2012, 02:42 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Nokia's new smart phone got a terrible review from Walt Mossberg. (Hope I got that name right.) I'd look hard at all the info I could get on their latest phone. I also read that AT&T planned to provide even more advertising for the new Nokia phone than they did the IPhone. I had the impression the problem wasn't the Microsoft OS but the hardware. Worth a little DD. With Microsoft clearly behind them I had been considering their prospects also, but decided not me, not now.
    1 May 2012, 03:13 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    they have had some good reviews too Bang. The first iPhone sucked too, ATT's network was slow, the phone has had the pleasure of about 5 upgrades to get where it is...expect Lumina to follow the same path but at a much faster pace. Jobs said day one, APPL was 5 years ahead of the competition, he was right. You see the value of patents now too. that 5 years is also about up, and you see better phones from MSFT & Samsung now too.
    The PbC is sorta like the APPL iOS...it appears it is just now exploiting the other markets besides auto and rail.
    1 May 2012, 06:25 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Sprint & NOK are definately on my watch list. I haven't bought yet because I have been too cautious of a correction. both have something to offer and at a price could work.

     

    The lumina phone will be better this fall after windows 8. I think there is some risk balancing with it because it is obvious that ATT wants to give APPL competition....it's odd that they gave their employees one and will spend more advertising on it than the iPhone. ATT "wants" the Lumina to be successful. The high subsidy on the iPhone is killing them.
    If we had a big correction or down day, I would gamble on them a bit.
    1 May 2012, 06:08 AM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    LT
    Nokia Reportedly Paying USD 25 Million to Ensure AT&T Sales Reps Use Lumia 900 Exclusively

     

    http://bit.ly/KsMg6i

     

    Also ATT desparately wants a 3rd ecosystem, as Apple is making much more money that ATT on the (use of) IPhones. Therefore they have a very strong interest in making the Lumia / Windows phone a success.

     

    Disclosure: I am long Nokia.
    1 May 2012, 02:07 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Discussing the risks to AXPW is & should be acceptable. Not trolls, but even opinions should be allowed. There is very little hard facts on a company like AXPW as we do not know where they will be or how well the PbC will be accepted into all markets. Axionista's believe in them, but there is stiff competition out there, even without the political boost for EV's. These guys won't roll over or cave into AXPW's business model easily. It's been said before that the customer will have to force it probably.
    All the risks listed above are true risks...I think the PbC tech is far enough down the road to stand the final demo tests, But we don't know that. Thus, we have a stock less than .50. the market knows utilities are slow, and the 'repayment" selling electricity back to the grid has to be solved/at what price. Users will want to see more data on the PC, We should have that by year end.
    Potential is there, Risk is less than it ever has been, Reward is probably higher. Since '08, it's just a different environment. The big boys have taken the guaranteed 20% + trades...bonds, APPL, etc. They did not have to take risk on a small cap. This probably changes over the next year as other general mkt. trends totally changes.
    1 May 2012, 06:20 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (707) | Send Message
     
    I might add remember when they were going to add an accountant ??Was that position ever filled ?? If not why have they stopped looking?

     

    These are questions of importance as the initial position was important enough to list on web page with a cut off date. I spoke to someone at the company and they said they never filled that position.
    1 May 2012, 11:29 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    AXPW announces cc for Tuesday May 15...earnings before mkt. opens
    1 May 2012, 09:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'll be looking for the 10-Q Monday after the market closes.
    1 May 2012, 09:28 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    WALTHAM, Mass., May 1, 2012 (GLOBE NEWSWIRE) -- A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, today announced the expansion of its portfolio of Grid Storage Solutions (GSS). A123's GSS product line now includes high-rate and long-duration systems ranging from kilowatt-scale to hundreds of megawatts, enabling customers to deploy a complete, turnkey storage solution that meets their specific power and energy requirements. A123 will showcase its industry-leading grid energy storage solutions at the ESA Annual Meeting, May 2-4, 2012, Washington, DC (booth #210).
    1 May 2012, 09:30 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3112) | Send Message
     
    I read yesterday (from a non-authoritative source) that the Axion PbC loses 30% of its charge in a month (self-discharge). Does anyone have any information on this?

     

    I (personally) would be disappointed, since this would make PbC inappropriate for long-term storage, such as non-grid electric, RVs, and cruising boats. It would have negligible impact (if any) on s/s, Powercube applications for grid stability or oil rigs, and locomotives. It may have a minor impact on UPS applications, depending whether there is also diesel backup.

     

    A high rate of self-discharge would disqualify PbC for the primary starting battery in vehicles. However, the s/s applications all appear to stay with a conventional starting battery, so this is a non-issue. Perhaps this is another contributing reason why Axion is not proposing PbC to be a starting battery.
    1 May 2012, 10:34 AM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    Rick K > "I read yesterday (from a non-authoritative source) that the Axion PbC loses 30% of its charge in a month (self-discharge). Does anyone have any information on this?"

     

    I share that question with you Rick. The comment yesterday about 30% self discharge per month was more than a little surprising since it conflicts with a statements several months back suggesting PbCs had virtually no self discharge for a month or two..
    1 May 2012, 10:46 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Kirk was the first President of Axion and knows the PbC technology well. You'll never hear me disagree with him on technical issues.

     

    As a practical matter, a self discharge rate of 1% a day doesn't change the basic economics. Long-term storage is a wonderful ideal, but prohibitively expensive.

     

    Diurnal storage, for example, is a huge economic challenge because you only get one revenue event per day. If you start talking about limiting a battery to one revenue event per week, month or year, you'd best be storing some incredibly valuable kilowatt hours.
    1 May 2012, 10:54 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    I'm still learning about the distant history of Axion (as it hasn't been much of a 'need to know' for me, anyway)--why did Kirk leave? Was it the classic "tech guy gives way to a professional manager"?

     

    BTW, I really enjoy his posts, whether here or on Brand X. Very rich in how the PbC works.
    1 May 2012, 11:05 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's way more complicated than that, but it's the kind of story that's better suited to an HBO mini-series than a quick blog response. Let's just say that there were plenty of fights both in and out of court and Kirk and I both carried our fair share of lighting rod burden.
    1 May 2012, 11:38 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3112) | Send Message
     
    JP, thank you for putting Kirk into the "authoritative" category.

     

    As I wrote, a high discharge rate is not an issue for the applications Axion has been pursuing. Off-grid PV applications, which can never recharge at 10 cent power, have very different characteristics. There may be seasonal weeks of fog or snow cover or rain with very low solar irradiance. A high self-discharge rate may be higher than the minimal PV output, and eventually leading to excessive discharge which cannot be recovered. This can also happen to an unoccupied RV or boat that does not have a grid connection or a reliable renewable energy generator.

     

    Your comment about storing power for months is spot on for grid-tied applications. An off-grid unoccupied house, vessel or vehicle needs to have the batteries completely full when the owners arrive, even if the prior weeks have had no charging opportunities whatsoever. There are frequent cases of houses, unoccupied for six winter months, that have zero battery in the spring because of "trivial" self-discharges (a combination of users who did not RTFM and hubristic engineers who assume their circuits do not waste power) that destroy the battery bank.
    1 May 2012, 12:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Thanks, JP. Anything that needs to be brought to our attention, now, in your opinion?
    1 May 2012, 01:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The problems were resolved before I handed Axion off to another law firm. Aside from one nutty appeal to the US Supreme Court that has no significant chance of going anywhere, the problems are ancient history.
    1 May 2012, 01:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    In those applications I'd take a gasoline generator over a battery every time.
    1 May 2012, 01:21 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Actually, a propane generator because the fuel doesn't go bad. But valid point. Still, it's hard for me to imagine that for an off-grid home featuring solar PV and/or wind, that even with several-days long periods of marginal generation that an unattended residence would drain a PbC battery bank. Let's say you have 5KW of solar PV, and a 25KWh PbC bank.. 1% a day would be 0.25 KWh or 250 watt-hours per day of leakage. Now if that 5KW PV array can produce just 50 watts (~1% of max rated output?) for 5 hours that day, then it should take care of leakage. I would imagine that even on very cloudy days 1% isn't impossible, though I could be very wrong. (anyone know?) Add to that of course any residual parasitic loads from the house, which would be some further small drain, but taken together it still it just doesn't sound to me like leakage is going to be that big of a deal--- As long of course as solar PV and/or wind was in the mix to provide some level of trickle charge.
    1 May 2012, 02:25 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    The self discharge for a standard LA battery is 20% a month while an AGM is closer to 5%. So I guess it depends what you are comparing it to. To be honest, it's a heck of a lot better than I thought it might be. The best option to me is still AGM+PbC in parallel for a 12v system. The PbC has virtually no resistance and should make a good mate for the AGM...

     

    http://bit.ly/IT6wPY
    1 May 2012, 02:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Handy-dandy little chart. Be really useful as it fills out.

     

    Thanks Tim!

     

    HardToLove
    1 May 2012, 02:54 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (3112) | Send Message
     
    48, you are right about the gasoline (and carburetors) problems. And schlepping gasoline or propane is often not trivial - many off-grid residences do not have regular vehicle access.

     

    The battery management system (which includes the solar controller) consume electricity continuously. Once the battery charge gets to zero, there is not any juice to control the charger, so the batteries cannot recharge. I am not aware of any large PV inverter charging system that can cold start with dead batteries. [A simple, single pane PV often has an inefficient regulator that cold starts]

     

    A well-designed system uses minimal power, and can be put into unoccupied mode to reduce parasitic losses even more. If the user did not put the system into unoccupied mode, he probably will have a problem.

     

    Snow can cover a roof for weeks. Sunlight in December in the far north is extremely limited. Rain (even drizzle) usually has zero useful solar output; just because there is light enough to see does not mean the panels are producing sufficient voltage to charge a battery. I have measured multiple weeks of zero charging on my system.

     

    Sorry to be OT. The off-grid market is pretty small, and not relevant to Axion's target markets. Axion's Powercube I assume has significant self-discharge (for cooling, BMS and control). That application is never going to run for more than a few hours, and mostly for a few minutes without access to diesel power, so self-discharge is irrelevant.
    1 May 2012, 03:08 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    OT? Perhaps.... but I think it's safe to say, that for certain 1st tier commenters, noone minds *too* much when they take the ol' cowbell for a bit and then proceed to "really explore the space" ;)
    1 May 2012, 03:18 PM Reply Like
  • D Lane
    , contributor
    Comments (1696) | Send Message
     
    Please don't be sorry, this kind of detailed battery information is important and appreciated. Thanks to Rick, Tim and 48!
    1 May 2012, 03:24 PM Reply Like
  • BugEYE
    , contributor
    Comments (194) | Send Message
     
    It is surely not favorable for PbC to be used in applications like camera batteries because people may leave the camera on shelf for months before reuse it. And the self-discharge rate of PbC is just like that of a capacitor.

     

    It is not a big deal outside the consumer electronic world I believe.

     

    FYI, more than ten years ago, sanyo commercialized AA sized 2700 mah Ni-MH battery. But over the years, they have introduced a new generation of low self-discharge (less than 20% per year) Ni-MH battery with only 1900 mah. I think this is a good example where in a specific market low self-discharge rate beats other virtues such as energy density and power.
    1 May 2012, 08:30 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The PbC will never be suitable for use in portable electronics so you can cross that worry off your list Bug.
    1 May 2012, 11:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    That was from T. Kierny - there was a link to it in another of JP's articles.

     

    He is considered authoritative.

     

    Shamefully, I forgot to note who posted the link and thank them.

     

    Thanks proffered here.

     

    Here's the link to the post.

     

    http://bit.ly/IBE3C3

     

    HardToLove
    1 May 2012, 10:42 AM Reply Like
  • D Lane
    , contributor
    Comments (1696) | Send Message
     
    Anyone know if KT maintains a significant investment in Axion?
    1 May 2012, 01:00 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    D Lane,
    My understanding from Kirk is that he doesn't hold stock in Axion anymore and goes out of his way to make sure that posters on Yahoo understand that he is never giving advice as to whether they should invest in Axion or not. He kind of wears it as a badge of honor that his comments are clean of any self interest, since he doesn't hold a major stock position, and so he can give his technical opinions without any question of motives (or at least no motive of trying to move the stock price with his comments for his own benefit.)
    2 May 2012, 04:08 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Rick Krementz ... I, too, would like more detail but the high self-discharge has been a known factor for quite a while. This info from KT is the first I can remember someone putting a number to it. I could be wrong (a good likelihood). It is why I've always considered the PbC in mixed battery configurations as the ultimate solution.

     

    This "feeling" is without any real basis for from which to build. I've never thought it was a show stopper for any applications other than long duration discharge, like a microgrid used for UPS, and needing to recharge quickly when opportunity presents itself. Most of the things I bought into Axion for don't sit idle for a month or more. So much I still don't know.
    1 May 2012, 10:50 AM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    DR, Rick -- I have posted a comment about more disclosure of technical characteristics on BW's instablog for CC questions.
    1 May 2012, 10:55 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >D-inv ... I would not expect any performance data like that to be let loose into the public domain. Only way I would think that got handed out is if you bought for application development and signed the "Non-disclose" docs. That would make sense to me.
    1 May 2012, 02:59 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2729) | Send Message
     
    >DRich and all: Just an observation.

     

    A significant part of the stored energy in a PbC comes from the capacitor like behavior of the carbon electrode. I don't know what actual percentage of the energy the capacitor portion stores, but something between 10 and 30% wouldn't shock me. (yeah, yeah, live with it ;-)

     

    Since it is an electrolytic-capacitive mechanism and NOT a chemical one, a faster charge (energy) loss wouldn't surprise me. The question is, is it a non-linear thing? That is, does the capacitor lose charge faster than the chemical system? If so, then after the 30% loss, or whatever the number might be, does the energy loss slow down? It should be no different than a typical AGM LA battery after the capacitor is discharged.

     

    This is just speculation. I am not enough of a physical chemist to have a real opinion, I just see two storage mechanisms in one package and wonder.
    1 May 2012, 03:04 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >siliconhillbilly ... there is much more I would like to know about that capacitance trait of the PbC.
    1 May 2012, 03:30 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    I call it "the kt boundary." ;^)
    1 May 2012, 04:22 PM Reply Like
  • BugEYE
    , contributor
    Comments (194) | Send Message
     
    For a capacitor, it loses, let's say, 30% of energy after the first month and then it loses during the following month, 30% of its remaining 70% energy of the first month. My guess is PbC follows the same law.
    1 May 2012, 08:48 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >BugEYE ... Thanks, I'm sure a PbC follows such a pattern but don't know exactly and that would be interesting to me. Also, the rise time and trimming of the capacitance over a range (also unknown) and a few other odds & ends. I can wait.
    1 May 2012, 09:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Here's hat I don't get. Since the carbon (capacitor) side and lead (battery) side are electrically connected, ISTM that the voltage applied to the capacitor must remain no lower than the battery side. If that's so, then the % charge on the capacitor degrades in direct relation, although not linearly, as does the voltage on the battery side.

     

    Since the battery side is a chemical storage with slow leakage ...

     

    No?

     

    HardToLove
    2 May 2012, 07:13 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Another day
    Chipp'n away
    At the AUTO boys's play

     

    Ya Hey
    1 May 2012, 11:16 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    we need some volume
    1 May 2012, 11:37 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    One overweight person to another:

     

    you buy first, I'll follow - LOL

     

    ---

     

    We're going to have quite a few years of this. Patience.
    1 May 2012, 11:50 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Us Neanderthals have short life spans though. I wish we could speed this up into dog years - one outcome or another. Overweight!! I'm like Israel Kamakawiwo'ole, but still considering buying more. And I did my duty buying at .45 in a selfless effort to create volume and drive price higher.
    1 May 2012, 11:53 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    I should try selling a small block. Every time I sell the stock sky rockets directly afterwards...
    1 May 2012, 12:21 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Metro: "I did my duty buying at .45 in a selfless effort to create volume and drive price higher. "

     

    Been there, done that. I have been waiting for some of the new guard to shoulder some of that burden...'cause I'm pooped.
    1 May 2012, 12:57 PM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    Back to the old "Patience, I want to kill something" scheme.
    2 May 2012, 04:17 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Ok, jk and the Old Guard. That last trade was me buying some more, at a nice closing price. ;^)

     

    Note to AUTO: since you're the only one selling here, back off for a couple weeks, then resume selling at 50 cents. Make another 10% - 20%.
    2 May 2012, 04:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Auto is not a market-maker IIUC. It's the NBBO (National Best Bid Offer) network that trades across all exchanges.

     

    Outfits like ETrade and other MMs can route orders to "AUTO" to get "better execution" if it looks like they won't be able to service in a way that is attractive to them.

     

    HardToLove
    2 May 2012, 04:15 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Yep. Was just an abbreviated way to mention those that are behind the selling. Well, no longer abbreviated now.
    2 May 2012, 05:51 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Anyone have any insight on why the MM might have just done a 100 transaction at .4301 when last transaction was at .445? Just to get volume going? To lower price to get back to neutral? Has sales coming in at higher price?
    1 May 2012, 12:07 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    probably a big buyer at .43 and trying to get the sellers to come down to him or her JMHO
    1 May 2012, 12:09 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    thanks Jon
    1 May 2012, 12:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Well, regardless of anything else, MMs only make money when there is volume. Best way, I guess, to generate volume is to lower price - spooks potential sellers into releasing shares and brings in folks waiting for their price to buy?

     

    Only 32 trades as of 12:10 with:
    Vol 146737
    Av Tr Sz 4572.16
    VWAP 0.4379

     

    Can't feed the family (much) on those numbers.

     

    HardToLove
    1 May 2012, 12:53 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Never thought about it til now, but I suppose mitigating the lower income for the poor MMs is the higher margin (aka, spread) on slower days? It's currently 1.38 cents, which seem higher than most days recently, when it was often just under a penny or even half-penny.
    1 May 2012, 01:28 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Mr. I,
    Is that the difference between the bid/offer you are referring to?
    1 May 2012, 01:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    If they can get trades to go off it helps. Don't forget that most exchanges also pay some fractional pennies for liquidity provision - more for injecting liquidity than withdrawing it.

     

    At these volumes it's not a consideration. In highly liquid ones it adds up fast. I've heard that NITE is one of the bigger ones in that area on many stocks.

     

    HardToLove
    1 May 2012, 01:44 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    metro,

     

    Yep. Just guessing, but seems like their mkt-making revenue = volume * margin, like any other biz (plus other, as HTL mentioned). I suppose it's not accidental that spreads usually widen when volume drops, and vice-versa. Once again, like any other biz.

     

    An extreme case of the "liquidity cost" with stocks would be private transactions, where the haircut from the public price is often substantial.
    1 May 2012, 02:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    Mr. I: there's another factor that affects MMs - a facility provided by Nasdaq at defined periods throughout the day that allow "back channel" inter-broker trades to take place, bypassing the market maker.

     

    Also, intra-broker trades can be done.

     

    I've heard also of "dark pools" - not sure if they are just the Nasdaq facility or other facilities.

     

    NYSE head has recently talked about their volume falling off due to these "dark pools".

     

    I guess we can only speculate on the pass-through effects on retail investors and market confidence.

     

    HardToLove
    1 May 2012, 02:21 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Dark Pools.

     

    Full of Dark Shadows.

     

    Here be Vampire Squids!
    1 May 2012, 02:38 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    I never paid much attention to trading before, but I must admit that today's mega-faceted trading world is a bit intriguing to me. Seems like a battle between having more options and transparency.
    1 May 2012, 02:52 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    those were kind of my thoughts when price was heading below .30 in December.
    1 May 2012, 03:32 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Not sure if this has been posted before, but it appears Axion has had a Director of Marketing/Manager, Business Development - Richard Rosey since 2009.

     

    http://linkd.in/Il2z5C

     

    http://bit.ly/JAgual
    1 May 2012, 02:06 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Every time the price starts to move up, get a .4301 transaction. At least it is better than .42, but someone is determined to sell at .4301.
    1 May 2012, 03:49 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    The stock appears to me to be in a "wait and see' mode IMHO. MoMo traders might play with it prior to the conference call, but the smart money is probably sitting on the sidelines waiting for the 10Q and Conference Call.
    1 May 2012, 04:16 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    And the invertebrate money still lurks at the bottom.
    1 May 2012, 04:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    We catfish investors think of ourselves as bottom feeders, its true...

     

    But sometimes we imagine a dynamic theme song as we surge from the depths and snap up cheap shares.

     

    The theme for the movie "Jaws" perhaps...

     

    Except played with banjo and cajun fiddle.
    1 May 2012, 04:52 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    The man said not to feed the Mogwai after midnight...

     

    Jimmy Buffet says its 5 o'clock somewhere...

     

    By logical deduction...

     

    That means its after midnight somewhere...
    1 May 2012, 11:35 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Feeding a scottish punk rock band after midnight?
    http://bit.ly/K1q1a1

     

    I like what you are saying but I still can not figure out what a darn mogwai is.
    2 May 2012, 07:54 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The younger generation has absolutely no cultural roots.
    http://bit.ly/K8xV4v
    2 May 2012, 07:59 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Ahhh, my wife would be rolling her eyes at me right now. She is four years my elder and apparently that made all the difference -- I was just a wee boy -- I have got to be the youngest little whipper-snapper on here.
    2 May 2012, 09:00 AM Reply Like
  • WDD
    , contributor
    Comments (60) | Send Message
     
    Try here:
    http://bit.ly/JemGCB
    or here:
    http://imdb.to/IA74xA

     

    (And I'm guessing that you've not yet met Phoebe Cates.)
    2 May 2012, 08:37 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Yes, Phoebe is beyond me as well. I attribute it to my parents not having a vcr in the house until the mid-90's.
    2 May 2012, 09:02 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Theatrical trailer: http://bit.ly/JCOcME
    2 May 2012, 09:45 AM Reply Like
  • D Lane
    , contributor
    Comments (1696) | Send Message
     
    This is from a recent recall of Daimler made hybrid buses. The batteries are from A123. An earlier generation of this hybrid used lead-acid batteries but they were too heavy.

     

    DAIMLER BUSES IS RECALLING CERTAIN MODEL YEAR 2008 THROUGH 2011 ORION VII LI-ION HYBRID TRANSIT BUSES MANUFACTURED FROM JULY 2008 THROUGH AUGUST 2011 CONTAINS BAE SYSTEMS (BAE) LITHIUM ION ENERGY STORAGE SYSTEM (ESS). OVER TIME, PARTICULATE DEBRIS CAN ACCUMULATE IN THE HYBRID SYSTEM'S LI-ION STORAGE SYSTEM (LI-ION ESS). ACCUMULATED DEBRIS IN CONJUNCTION WITH MOISTURE CAN BREACH THE ELECTRICAL ISOLATION OF THE HIGH VOLTAGE BATTERY PACK. A CONDUCTIVE PATH CAN BE CREATED IF THE ELECTRICAL ISOLATION IS BREACHED AT BOTH ENDS OF THE BATTERY.
    Consequence:
    THIS CAN RESULT IN THE UNINTENTIONAL DISCHARGE OF THE BATTERY'S STORED ENERGY, CREATING A RISK OF SMOKE, MELTING AND CHARRING, POSSIBLY RESULTING IN A FIRE.
    --
    There is a need to keep the battery pack sealed and squeaky clean.
    2 May 2012, 10:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    A big issue with high-power battery systems is that they're not very abuse tolerant and human beings are infinitely clever when it comes to abusing stuff. I hate to admit it, but I've never read an owner's manual cover to cover. To compound the horror I've done many of the things that the yellow triangles warn against because I invariably decide it will be OK "just this once."

     

    Back in the days when I worked in oil and gas development, we used to joke that you could put a roughneck in a sealed room with two bowling balls and when you came back 15 minutes later one would be broken and the second would be missing.

     

    We've already seen a series of bricked Teslas that were solely attributable to user neglect. Over the next few years I expect stories like these to sprout like flowers in an alpine meadow.
    2 May 2012, 10:56 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    It's kind of like when I was in high school and a recent graduate was driving the very large street cleaning machine, showing off its performance attributes on a very wide and flat street to a group of us standing outside the school. He rolled it.
    2 May 2012, 11:33 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    Took nearly 20 minutes for the 19.5k shares bid at 44 cents to be traded. That's a long time--perhaps the slow grind up is continuing.
    2 May 2012, 12:07 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Mr. Investor ... Or it could be a complete lack of interest. Once the puddle, lake or ocean of supply finally dries up like JP has predicted. Something has to turn the sights of the "universe" and its "masters" toward this insignificant spot of a backwater sector.

     

    We are SETI waiting for the aliens.
    2 May 2012, 12:14 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3220) | Send Message
     
    We've got a star forming here--rest of the world just needs to put on their heat glasses and then they'll see thru the dust.

     

    http://bit.ly/IwQHP9

     

    Or, hey, going supernova oughta do it.
    2 May 2012, 12:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Rosewater put out a press release today concerning an agreement with one of the major Ontario utilities.

     

    http://bit.ly/ru1GhG

     

    RoseWater Energy Group to work with major Ontario LDC (Local Distribution Company) to study distributed residential storage.

     

    RoseWater Energy Group is pleased to announce that in conjunction with one of Ontario’s largest LDC’s, is sponsoring a study on the full impact of widely distributed residential storage on the electrical grid. The study will encompass the effect on rate, reliability, maintenance, and power quality. The ultimate goal is to determine the full financial value of residential storage. The product that will be used in the study is the RoseWater Residential Storage System. The system incorporates Axion Powers revolutionary PbC batteries and is designed as a “plug and play” device that will also incorporate renewable energy sources as well as grid connections.

     

    “We’re encouraged with the overall market acceptance we have been receiving and to have an LDC of this caliber be willing to partner with us, says a lot,” said Joe Piccirilli of RoseWater.

     

    “Storage is a key enabler for wide spread implementation and proliferation of green energy sources. Widely distributed storage would allow utilities ultimate flexibility and help create a smarter smart grid.”, added RoseWater’s Mario Bottero.

     

    The study will begin in September of this year and will be completed by the second quarter of 2013.

     

    “This study is geared towards the implementation of the residential Cube in a much larger scale,” added Joe Piccirilli. “None of this will impact our current marketing and selling strategy which we expect to be quite robust when we hit the market later this fall.”
    2 May 2012, 12:19 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    http://yhoo.it/IEA7jU

     

    Surprised I'm the first to flag this, but looks like ZBB is getting their boot further in the military micro-grid door... Some good color on various key issues for DOD..
    2 May 2012, 12:46 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Yes, it was a very good press release. Unfortunately, they also had to issue some convertible notes.

     

    http://bit.ly/K9PRvB
    2 May 2012, 01:01 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    I saw that as well. How toxic do you think?
    2 May 2012, 01:08 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    I am not as experienced in small company finance as some others on the board, so I am still developing an opinion. If anyone else cares to share their thoughts, I would be interested to hear them.
    2 May 2012, 01:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As bridge transactions go the terms are not particularly onerous. The notes are payable in cash or convertible into common at the option of the holders, and there's an additional 55% coverage in 4-1/2 year warrants. I like to avoid warrants when possible because they give rise to all manner of accounting complexity, but the terms seemed pretty reasonable to me.
    2 May 2012, 01:24 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Those seem to be unusually good terms...
    2 May 2012, 01:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The firm that put together the $2.5 million bridge will also be doing their $11.5 million follow-on offering, so there was a lot of incentive to get it done right and not put the larger offering at risk.
    2 May 2012, 01:47 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Excellent digging. Thank you.
    2 May 2012, 01:58 PM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Wow! Sounds like things will be getting very interesting by September. I checked Rosewater's web site and saw that they still do not have a description of a residential PC. Has Axion given any specs on a residential storage package? Would the Navy's zero energy building storage unit be similar to the requirements for residential?
    2 May 2012, 12:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I believe the design and specs for the residential product are being developed jointly by Axion and Rosewater. Under the circumstances, I don't expect to see a specifications sheet before the home show launch in September.
    2 May 2012, 01:06 PM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Thanks John.
    2 May 2012, 01:13 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Interesting Japan Rail article from Indelco on yahoo -

     

    http://bit.ly/JTaati
    2 May 2012, 03:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The article about the JR hybrid that I linked in "Hybrid Locomotives, Vehicle Electrification At Relevant Scale" is here.

     

    http://bit.ly/KPh59U
    2 May 2012, 03:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19441) | Send Message
     
    "... and are hoping to make it more fuel efficient (and possibly less pricey)".

     

    We (AXPW) can help with part two for sure. And likely part one as well unless Li-ion can accept charge as fast as PbC can.

     

    hrdToLove
    2 May 2012, 03:27 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Interesting, I must have missed that link. Thanks John. I note that the first article I posted was from 2007 and John's article states that prototype testing began in 2010 - hopefully, the three way redundant testing will shorten our timeline ...
    2 May 2012, 03:27 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I get the sense that JR is developing a product to sell rather than a retrofit to use. The difference between the two is important. There's also a lot more complexity in a hybrid than there is in a battery-electric.

     

    NS already has a locomotive it likes. It just couldn't find a battery that could stand up to the strain. At least initially, NS's only interest seems to be making locomotives for their own use according to their own design. That's a much lower bar than making a product that you plan to sell to somebody else and warranty in the process.
    2 May 2012, 03:38 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    If you want to squeeze all the things required for a hybrid onto a single chassis you're automatically deciding to use less battery power and a much more compact battery system. Gensets, fuel tanks and auxiliary equipment for a hybrid take a lot of space away from the battery bank.

     

    The NS solution is a perfect match for the PbC. As soon as you add an engine the dynamic changes and it's less clear who wins. All things being equal I'd rather be the battery of choice for simple and let the others fight over complexity.
    2 May 2012, 03:42 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    Would the hybrid solution be similar to the oil-rig solution in that the PbC would provide additional power for a short duration while the second engine came online? it could also provide a place to regen into. You wouldn't need as many batteries. Just a thought...
    2 May 2012, 04:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As soon as you try to squeeze all the systems required for a hybrid in the same locomotive chassis the PbC becomes a problem because of its low volumetric energy density. GE is using NaNiCl for their hybrid for a reason, they don't have space for anything else.

     

    The PbC is great for a pure battery-powered locomotive and mixing one battery locomotive with two diesel electrics gets you a hybrid train. But the PbC is not compact enough for a single chassis hybrid.
    2 May 2012, 04:56 PM Reply Like
  • battman
    , contributor
    Comments (370) | Send Message
     
    It would be interesting to see if they too have the Chrysler bus scenario. Trains, tracks, loads can be quite dirty at the best of times.
    2 May 2012, 05:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Lead acid batteries have been hanging around in filthy conditions for over a century with no great difficulties. The PbC shouldn't be any different in that respect. The control electronics space will have to be kept much cleaner, but lead-acid and lead-carbon are pretty forgiving.
    2 May 2012, 05:17 PM Reply Like
  • D_Lane
    , contributor
    Comments (50) | Send Message
     
    I'm curious, does PbC need more space than old-fashioned lead acid?Are the batteries bigger?
    2 May 2012, 09:24 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >D_Lane ... The exact same cases. Only the inside is different.
    2 May 2012, 09:37 PM Reply Like