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Axion Power to Showcase its Proprietary PbC Battery Technology at The Battery Show 2014
|By PR Newswire
|August 19, 2014 03:07 PM EDT
NEW CASTLE, Pa., Aug. 19, 2014 /PRNewswire/ -- Axion Power International, Inc. (OTC QB: AXPW), a developer of advanced lead-carbon PbC® batteries, energy storage systems and frequency regulation systems, today announced that it will showcase its patented PbC technology and the advantages it believes its PbC batteries provide to electric and hybrid vehicles at the Electric & Hybrid Vehicle Technology Conference and The Battery Show 2014 being held September 16-18, 2014 in Novi, MI. Mike Romeo, Axion Power's Manager of Research and Development, will be a panel member of Powertrain Technologies for Transport, Commercial Vehicles/Trucks and Heavy Hybrids and will make a featured presentation on Wednesday, Sept. 17 in the Opal Ballroom, as part of Track 3, Session 1 of the conference.
Also featured at the conference will be ePower's modified Sterling day cab tractor, a heavy duty Class 8 truck that includes an engine-dominant hybrid drivetrain for long-haul trucking, a diesel electric generator and Axion's PbC batteries. The design utilizes a string of 56 PbC batteries in the trucks to assist in powering the series diesel electric hybrid drive train system. The batteries provide a complementary power source, and assist in equalizing fuel consumption over various terrains and distances and in varying driving conditions.
"Working in tandem with the ePower system, we believe our PbC batteries are demonstrating the potential economic value and environmental impact they potentially bring to the trucking industry," said Axion Power CEO David DiGiacinto. "Our testing is mainly focused on the 55,000-pound weight class for trucks, which we believe includes the majority of cargo trucks currently on the road. We believe that the use of series hybrid systems in both the retrofit of existing trucks, and in the manufacture of new trucks, presents an important potential market opportunity for Axion, given that there are approximately 2.45 million Class 7 and 8 trucks in the U.S. today, of which we believe 400,000 are classified as rebuilds.
About The Battery Show 2014
The Battery Show 2014 is the premier showcase of the latest advanced battery technology. The exhibition hall offers a platform to launch new products, make new contacts and maintain existing relationships. With more qualified buyers and decision makers than any other event in North America, The Battery Show 2014 is the key to unlocking your future business opportunities.
The Battery Show is attended by technical leaders, scientists, engineers, project leaders, buyers and senior executives concerned with advanced energy storage and will host the very latest advanced battery solutions for electric & hybrid vehicles, utility & renewable energy support, portable electronics, medical technology, military and telecommunications.
About Axion Power International, Inc.
Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC® batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that has not been well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."
Axion Power International, Inc. believes it is an industry leader in the field of lead carbon energy storage technologies. Axion believes its new PbC battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world utilizing Axion's proprietary activated carbon electrodes. Axion's future goal, after filling their plant's lead-carbon battery production capacity, is to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry.
For more information, visit www.axionpower.com
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk for the Company to complete its development work, as well as the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, and other risks and uncertainties affecting the Company), as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.
Axion Power International, Inc.
David T. DiGiacinto, CEO
Allen & Caron, Inc.
Rudy Barrio (Investors)
Len Hall (Media)
 U. S. Department of Transportation, Federal Highway Administration, Highway Statistics 2011, Washington, DC, 2013
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SOURCE Axion Power International, Inc.
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