Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
48 "--ePower gathers up and finally publicizes their happy results, orders to support more trucks converted... not hundreds, but more than a few. Any week now.. "
I'm not sure about this one. The possible change to a Cummins engine has me thinking delay. I admit to not having a background to say that. The switch could be engine and no changes to the rest. Less than 2 months testing would surprise me.The annual meeting would be good.
Previously they planned for 12 this year. I doubt that now but "several" would please me.
If they approach 40 next year I will be a happy camper.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
JP I'm hoping so. The rest of the presentation looked under promise over deliver. With a bunch of one off events you have a better chance of some of them making it through in a timely manner. (Some slower some faster) I have been wondering about the people who approached Axion at the show in Sept? 9-12 more months seemed too slow. That was just a WAG but it seems like somebody would make a decision in a year.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Oh as an addition it was identified as BMW on the call.
"Okay. Also, in your 10-Q you didn’t say anything about the status of the BMW third party testing, do we have any update on that?
Thomas Granville - CEO The third party testing has concluded. So, we’ve moved into the next phase, and I think I made mention of that in the Q, that the next phase with BMW is that they’re looking for us to ensure them that we’re not going to be the sole provider of the product. So, we’re working with another large lead-acid battery company that’s currently a provider of the product for BMW. "
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Something which I think has been ignored here. During the CC. TG talked about the Power Cube and the opportunities there. http://bit.ly/10IHxGb
While he talked about the new sales force and that they would be able to do more in 9-12 months. However he was not saying that other sales of Cubes would not be happening before then.
"Keith Markey - Griffin Securities Hi. Thank you for taking my question. I was just wondering if you might be able to run down the milestones you’re expecting for the next 12 months?"
The Cube part of TG's initial response:
"we anticipate providing cubes of various sizes or different storage applications again in the next nine to 12 months. These cubes will vary in size. "
A later question by K. Markey Well, in the sense this is a relationship building [per team] really and its going to probably take 6 to 12 months to actually see some sort of business arising from that type of a relationship, am I correct?
Thomas Granville - CEO No, I don’t think so. We have been working on those relationships with the people we have in place now. The problem is we’re not really able to work with them, the number of opportunities that we’d like to. So, we’ve cherry-picked if you will, the ones that seem most likely to succeed and those are the ones that we’ve been able to devote significant time to and I mean, this time goes across the board. Some of that involves testing, some of that involves our engineering help visits to job sites etcetera. We’ve done that and we’re going to see the fruits of that in the near-term. In the longer term we’re going to see much more activity because we’re going to be able to interact with more customers."
TG thinks we will see PCube sales in in the 'near term'. Near term defined as less than 6 months. While the Cube sales are one off (Not necessarily but probably.) It will be very good to see some sales. Hopefully an increasing number of them over the course of the next year and many beyond.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
One that bothers me is; why didn't they put out something saying they had completed third-party testing successfully? That too could have helped the share price, while the price of the raise was being determined. (And shareholders wouldn't have been in the dark.)
Axion Power Concentrator 233: May 5: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
The Meyers Motors has been moved back until June.
Thank you for your interest in reserving a Myers Motors Electric Car. Reservations for the Myers Motors Electric Car will begin in early June, 2013. Please Check back after that time.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
HTL I agree. The idea of only having one supplier over there doesn't make a lot of sense. If your going to do it over there; then why would you only want one supplier there? Might as well start with 2/3 to begin with.
However "An alternate provider" It sounds more like they may have been introduced to more than one but there may only one winner. For now. :)
"Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a “sole source” issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we embraced the process. We are a few months into that program and it is going well. "
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Metro "What I wanted to ask yesterday at the CC was if either BMW, NS or other customers who are testing the PbC have had the opportunity to test the new battery,"
ePower is using the improved battery
"And in a very short time thereafter several weeks in fact as already improved that initial line or is it because I read the most recent report on ePower hybrid truck testing utilizing our PbC batteries. Testing that confirmed our improved battery was now providing 200 amps and allowing even an undersized Genset to combine with our batteries and produce enough power to pull a full 80,000 pound load."
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
DRich
I don't think that is what he meant by 'strategic investor.'
" I was wondering if you could just shed a little light on the process of having looked for an investor and your difference between what would be a strategic investor and a financial investor, and if you were close to getting a strategic investor just a little bit of color on that issue.
Thomas Granville - CEO Yeah, we’ve been looking to different options in different opportunities for strategic investors, but price hasn’t been what we’re willing to pay if you will. So the investments that we’ve had in the past have been investments in terms of financing, certainly the investors that we had last year were good investors. They have stuck with the company. We see them appear in the various lists of shareholders. They’re still there. They’re still with us. We have a different type of investment this time around that we be engaged in. It's a tough market out there without question. Would we prefer to have a strategic investor standing along side of us that is going to take a percentage of the company and work with us and work to get us into various opportunities, we certainly would. But we’re not prepared to give up 60% of the company in order to do that or to take an investment at a much lower discount to market. What we were able to take is I’m sure you all know on the call we were able to obtain investments at a plus rate, and in this market with the opportunities that are out there and with the folks that have gone out of business in the battery industry we’re certainly thankful that we were able to hold out and get the kind of deal that we got."
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
I want to thank all you guys. The insight you bring helps enormously. As a total outsider to this whole process even if I have the facts, I have not the knowledge to evaluate it. After reading you guys for years JPs idea of fleet testing being too small a carrot. I would on my own, if asked the question I would have said 'Probably not a big enough carrot.' A year or two ago, I would have said, 'I have no idea.' With you guys fleshing out the details, I understand why the carrot isn't big enough. Thanks.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Sorry you were probably talking to 48. His response didn't come up when I checked in.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
"--ePower gathers up and finally publicizes their happy results, orders to support more trucks converted... not hundreds, but more than a few. Any week now.. "
I'm not sure about this one. The possible change to a Cummins engine has me thinking delay. I admit to not having a background to say that. The switch could be engine and no changes to the rest.
Less than 2 months testing would surprise me.The annual meeting would be good.
Previously they planned for 12 this year. I doubt that now but "several" would please me.
If they approach 40 next year I will be a happy camper.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I was only referring to the Cube.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I'm hoping so.
The rest of the presentation looked under promise over deliver.
With a bunch of one off events you have a better chance of some of them making it through in a timely manner. (Some slower some faster)
I have been wondering about the people who approached Axion at the show in Sept? 9-12 more months seemed too slow. That was just a WAG but it seems like somebody would make a decision in a year.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
"Okay. Also, in your 10-Q you didn’t say anything about the status of the BMW third party testing, do we have any update on that?
Thomas Granville - CEO
The third party testing has concluded. So, we’ve moved into the next phase, and I think I made mention of that in the Q, that the next phase with BMW is that they’re looking for us to ensure them that we’re not going to be the sole provider of the product. So, we’re working with another large lead-acid battery company that’s currently a provider of the product for BMW. "
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
During the CC. TG talked about the Power Cube and the opportunities there.
http://bit.ly/10IHxGb
While he talked about the new sales force and that they would be able to do more in 9-12 months. However he was not saying that other sales of Cubes would not be happening before then.
"Keith Markey - Griffin Securities
Hi. Thank you for taking my question. I was just wondering if you might be able to run down the milestones you’re expecting for the next 12 months?"
The Cube part of TG's initial response:
"we anticipate providing cubes of various sizes or different storage applications again in the next nine to 12 months. These cubes will vary in size. "
A later question by K. Markey
Well, in the sense this is a relationship building [per team] really and its going to probably take 6 to 12 months to actually see some sort of business arising from that type of a relationship, am I correct?
Thomas Granville - CEO
No, I don’t think so. We have been working on those relationships with the people we have in place now. The problem is we’re not really able to work with them, the number of opportunities that we’d like to. So, we’ve cherry-picked if you will, the ones that seem most likely to succeed and those are the ones that we’ve been able to devote significant time to and I mean, this time goes across the board. Some of that involves testing, some of that involves our engineering help visits to job sites etcetera. We’ve done that and we’re going to see the fruits of that in the near-term. In the longer term we’re going to see much more activity because we’re going to be able to interact with more customers."
TG thinks we will see PCube sales in in the 'near term'. Near term defined as less than 6 months.
While the Cube sales are one off (Not necessarily but probably.) It will be very good to see some sales. Hopefully an increasing number of them over the course of the next year and many beyond.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I'm not asking for specifics beyond what he reveled in the CC.
That PbC had been tested by an independent third party and passed.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Axion Power Concentrator 233: May 5: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
Thank you for your interest in reserving a Myers Motors Electric Car.
Reservations for the Myers Motors Electric Car will begin in early June, 2013.
Please Check back after that time.
http://bit.ly/15QjLzj
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I agree.
The idea of only having one supplier over there doesn't make a lot of sense. If your going to do it over there; then why would you only want one supplier there?
Might as well start with 2/3 to begin with.
However
"An alternate provider"
It sounds more like they may have been introduced to more than one but there may only one winner. For now. :)
"Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a “sole source” issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we embraced the process.
We are a few months into that program and it is going well. "
http://bit.ly/101Y08a
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
"What I wanted to ask yesterday at the CC was if either BMW, NS or other customers who are testing the PbC have had the opportunity to test the new battery,"
ePower is using the improved battery
"And in a very short time thereafter several weeks in fact as already improved that initial line or is it because I read the most recent report on ePower hybrid truck testing utilizing our PbC batteries. Testing that confirmed our improved battery was now providing 200 amps and allowing even an undersized Genset to combine with our batteries and produce enough power to pull a full 80,000 pound load."
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I recognized the Dakota Incorporated before from before.
He the company was on the call for Q3
http://seekingalpha.co...
(Operator Instructions). And our first question is from Paul DeMarchi (ph) of Dakota (ph) Incorporated.
An update of the present Transcript says
Operator
Our next question comes from [Paul Demasi from Dakota] Incorporated.
Probably the same guy.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
I don't think that is what he meant by 'strategic investor.'
" I was wondering if you could just shed a little light on the process of having looked for an investor and your difference between what would be a strategic investor and a financial investor, and if you were close to getting a strategic investor just a little bit of color on that issue.
Thomas Granville - CEO
Yeah, we’ve been looking to different options in different opportunities for strategic investors, but price hasn’t been what we’re willing to pay if you will. So the investments that we’ve had in the past have been investments in terms of financing, certainly the investors that we had last year were good investors. They have stuck with the company. We see them appear in the various lists of shareholders. They’re still there. They’re still with us. We have a different type of investment this time around that we be engaged in. It's a tough market out there without question. Would we prefer to have a strategic investor standing along side of us that is going to take a percentage of the company and work with us and work to get us into various opportunities, we certainly would. But we’re not prepared to give up 60% of the company in order to do that or to take an investment at a much lower discount to market. What we were able to take is I’m sure you all know on the call we were able to obtain investments at a plus rate, and in this market with the opportunities that are out there and with the folks that have gone out of business in the battery industry we’re certainly thankful that we were able to hold out and get the kind of deal that we got."
http://seekingalpha.co...
I don't think he used it as a 'weasel' word. JMO
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
The insight you bring helps enormously.
As a total outsider to this whole process even if I have the facts, I have not the knowledge to evaluate it. After reading you guys for years JPs idea of fleet testing being too small a carrot.
I would on my own, if asked the question I would have said 'Probably not a big enough carrot.'
A year or two ago, I would have said, 'I have no idea.'
With you guys fleshing out the details, I understand why the carrot isn't big enough.
Thanks.
Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
Accounts receivable dropped by about $500K as well.
from $771,410 to $286,976
Still better than 2 mil.