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D-inv

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  • Fiscal Cliff: Let's Call Their Bluff [View article]
    To me, the most disturbing thing about the article is that SA accepted it for publication.
    Dec 19 07:35 PM | 37 Likes Like |Link to Comment
  • Axion Power Concentrator 289: Dec. 15 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    Just concluded a phone conversation with Vani Dantam re-MultiLink EB1s. He expects MultiLink to update their catalog to include PbC batteries on completion of some sort of testing regime.

    Effectively, PowerCubes of various sizes are the only PbC products currently on the market. One such product is a 4 kW cube intended for residential solar PV systems which qualify for 30% federal tax credit.

    Re- the 300kWh PowerCube sale announced last month. Dantam referred to the PC as a 0.5MW Frequency Regulation system. Installation of that system is currently underway.
    Dec 16 11:13 AM | 22 Likes Like |Link to Comment
  • Axion Power Concentrator 294: Jan. 04 '14: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    In my opinion APC bloggers to date are misinterpreting the latest 8-K filing and market implications thereof. The 8-K plus market volumes since January 2 told us where "selling pressure" was coming from and how little of it remains. Three of four PIPE "investors/lenders" signaled confidence in long-term prospects of Axion Power International by agreeing to modified terms granting them greater discount to market in return for stretched out retirement schedule on their convertible notes. One PIPEr (Parsoon Special Situation) stuck with the original agreement, took cash in lieu of shares and consequently probably held just $75K in senior convertible notes as of January 3. Just three PIPErs had shares to sell on January 2, all of whom are constrained by original PIPE terms to less than 15% of daily volumes and are not showing any urgency to sell many of the ~10.4 mil shares they received on Jan. 2 to remain under PIPE % ownership caps.

    In other words, the share price bottom is likely in unless $ trading volume default occurs. Those who think Axion sales are on the very near term horizon and want to add holdings at low prices might want to step to the plate sooner rather than later and those who are inclined to do a bit of buying and selling might consider getting on with it.

    The current share price level and lack of trading volume reflects absence of both "selling pressure" and "buying pressure."

    FWIW

    Back into hibernation now.
    Jan 8 12:30 PM | 17 Likes Like |Link to Comment
  • Axion Power Concentrator 230: April 24: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    April 30 is an interesting date for Axion on more counts than just the "going concern" statement.

    -- It is also ~120 days following delivery of PbC batteries ordered by NSC for the NS999. 90-to-120 days were indicated at time of that sale as expected time frame for locomotive renovation and re-entry into service.
    -- It is ~90 days following ePower statements to effect they would extend the range of discharge on their PbC batteries in the following two weeks.
    -- It is ~60 days since ePower committed to exclusive use of PbCs for the next five years.
    -- It is well into the time frame identified for completion of a residential distributed energy storage study agreed last May between Rosewater and a major Ontario local distribution utility.
    -- It is well past the six-to-eight months time frame Axion cited last August for BMW's independent, 3rd party verification testing which has been interpreted as prelude to a fleet test decision.
    Apr 26 11:26 PM | 17 Likes Like |Link to Comment
  • Axion Power Concentrator 202: Jan. 24: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
    http://bit.ly/10UnqEB
    <
    NEW CASTLE, Pa., Jan. 27, 2012 /PRNewswire/ -- Axion Power International, Inc. (OTC Bulletin Board: AXPW), the developer of advanced lead­carbon PbC® batteries and energy storage systems, announced today that Vani Kumar Dantam, 53, has been appointed to the new position of Senior Vice President/Business Development, Sales & Marketing. Mr Dantam was previously Vice President/Business Development & Sales for NYC-based Ener1 Inc., a supplier of lithium-ion batteries and associated software and systems. He brings to Axion his nearly 30 years of experience in leadership roles with automotive and commercial vehicle OEMs, as well as his working knowledge and understanding of grid scale storage marketing.
    <

    Happy anniversary to us all as beneficiaries of the sales and marketing prowess bestowed on shareholders by arrival of the Senior Vice President.
    Jan 27 09:28 AM | 15 Likes Like |Link to Comment
  • Axion Power Concentrator 163: Oct. 13, 2012: 13th ELBC: Axion's "Operational Stability Of PbC Batteries And Battery Systems", And More From John Petersen, Brishwain And Axion's Letter To Shareholders [View instapost]
    "My guess: Perhaps since it's been siting for a while they were checking out some other systems to make sure it's ready to go when the time comes which will hopefully still be soon."

    :-) Counter spec. Shopworkers had formed a betting pool on how many APC comments they could generate by moving the NS999 for a few hours/days.
    Oct 15 05:01 PM | 15 Likes Like |Link to Comment
  • Axion Power Concentrator 114: June 14, 2012: Axion Confirms 2012 Annual Meeting Of Stockholders [View instapost]
    I "liked" your post, JP. However, I see some things a bit differently.

    To my knowledge we only know that NSC has pursued testing of PbC strings for an OTR locomotive in parallel with that done for yard locomotives. A PO for batteries to power an NS999 locomotive is in hand, but all we have on batteries for an OTRL is reference to such a possibility in the PR announcing receipt of the yard locomotive battery order. We've seen a Viridity Energy presentation prepared in response to an RFP for systems at Ft. Meade, but I'm not aware of any indication a contract pursuant to the RFP has been awarded. Positive momentum is definitely present, but the pace of progress is akin to that of the tortoise (if that) as opposed to the hare (which appears to apply to more than one other battery chemistry).

    The company has done a great job of building its supply capacity and identifying target markets for its product. But, a sustainable business requires product sales and that has yet to be demonstrated.
    Jun 14 06:46 PM | 15 Likes Like |Link to Comment
  • Axion Power Concentrator 307: Feb. 22 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Early 2012 history reads a bit differently to me. Price rose quickly in January off of end-of-year tax selling in December and announcement on the first or second trading day of the new year of what appeared to be a commercial sale -- a mini-PowerCube for the Washington Navy Yard Net Zero Energy building. The Washington Navy Yard sale followed disclosure of the New Castle PowerCube PJM interconnection by little more than a month.

    Share price tanked when the 2012 offering was announced at a very substantial discount to the then prevailing share market price. The offering price was negotiated in November of 2011 as the average closing price over two months, including the year-end tax loss selling prices.
    Feb 22 10:14 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 304: Feb. 12 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    "Kia to display coming 48V mild hybrid system at Geneva; lead carbon battery"

    http://bit.ly/MOZGl6
    Feb 13 02:53 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 284: Nov. 16 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    "Timing isn't everything. Where it all ends up is more important. "

    Uuum, not so sure.. U.S. Vital Statistics suggest my reasonably expected years remaining extend to a bit more than a decade from now. The last three-to-four of those have high probability of impaired faculties. My children and grandchildren would not have a clue about Axion's potential without doing a great deal of DD. Looking for Axion to achieve liftoff sooner rather than later.
    Nov 18 02:43 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 256: July 31: Two Axion Forbes Articles By Tom Konrad; John Petersen On The PIPE Mechanics And Incentives [View instapost]
    "350,000,000 shares may well be needed just to fulfill the PIPE gang's notes, interest, and warrants,"

    One might surmise that the proposed 50 million shares over and above the 300 million stipulated in PIPE contract implies the BOD anticipates payment of interest in shares.

    Generation of revenue through sales is an obvious alternative source of funds to meet interest obligations as well as support for share price. The APC participant identifying their self as Ed Buiel, former Axion CTO, who should be as knowledgeable of PbC technical performance capabilities as any, has questioned why sales have not been forthcoming by this time. If the technology is not the problem something else is, and that something else most definitely includes company marketing policies.

    IMO, Axion Power International has made it thus far as much on the back of John Petersen's intellect and writing labors as on those of Axion management. AXPW shareholders in general can help JP realize his goals for Axion by stepping to the plate and shouldering some sales promotion. That sales promotion effort would benefit from more aggressive marketing by Axion to a more robust range of target OEMs and end-users.

    Several weeks back (using spreadsheet data compiled and shared on the APCs by JP), I guesstimated that Axion might achieve breakeven on sales of roughly 1,000 Axion manufactured PbCs per month or 50 PbCs per day. To paraphrase a famous politician ($1 billion here and a $1billion there and pretty soon you're talking about real money), a few batteries here and a few there and pretty soon one is talking about a much bigger number.
    Jul 31 04:51 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 254: July 24: Bullish, Except Financing Deal, Forbes Article By Tom Konrad About Axion [View instapost]
    "not even a rounding error in the markets where Axion is focusing its time, talent and resources. "

    Capture of 10% of a $12million per year market would generate $1.2 million in revenue, 2.4X the amount sold to Norfolk Southern last year and apparently about $1.2 million more than realized in sales to BMW. Profit margin on such a sub "rounding error" volume in PbC sales would equal or exceed that realized on toll manufacturing of FLABs.

    AND, there really is no evidence Axion has expended any of its engineering resources on Norfolk Southern activities for a year or more.
    Jul 24 07:41 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 321: Apr. 04 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Another tidbit disclosed in the FOIA documents. Many (nearly 800) of the 864 batteries purchased for the NS999 were installed in simulator set up in Roanoke. So most of the PbCs have apparently not been sitting idle since delivery at end 2012.
    Apr 7 04:34 PM | 13 Likes Like |Link to Comment
  • Axion Power Concentrator 303: Feb. 8 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Ret.A. ---- From the 8-K (& PR),

    "Effective February 1, 2014, the Board of Directors of Axion Power International, Inc. (the “Company”) appointed veteran operating and financial executive, David T. DiGiacinto, to a newly created seat on the Board, bringing the total number of Directors to six (6). Mr. DiGiancinto’s appointment will serve until the formal shareholder election for board members to be held at the Company’s 2014 Annual Meeting. "

    Isn't the foregoing quote effectively saying "we have expanded our senior management team with the hire of DiGiacinto and will look for shareholder ratification of the action at the annual shareholders meeting"?
    Feb 9 03:37 PM | 13 Likes Like |Link to Comment
  • Axion Power Concentrator 284: Nov. 16 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    "... not being pushy in educating the client about the PbC potential and its advantage relative to other products is the best way to lose the race in the long term. It also struck me that TG is finally coming to grips with the reality that he can't keep chasing elephants that may or may not materialize within his original timeframe."

    A change in viewpoint and marketing effort surfaced in September 2012 with Axion's presentation of PbC capabilities at an electric power conference in North Carolina and TG's subsequent Nov. '12 cc remarks about responses to RFPs nearing completion. It was extended and reinforced by Axion's support of ePower truck development efforts in early 2013 and again with disclosure of the relationship with Multilink. So, instead of focusing on 'elephants' in two segments of the transportation sector (BMW, NSC), Axion is now clearly pursuing small and large clients in three sectors (transportation, utilities, communications) with at least some activity on four continents and oceania. All "the eggs" are no longer in one basket (transporation elephants).
    Nov 21 11:07 AM | 13 Likes Like |Link to Comment
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