NEW CASTLE, Pa. , Oct. 6 /PRNewswire-FirstCall/ -- Axion Power
International, Inc. (OTC Bulletin Board: AXPW), an industry leader in the
development of advanced batteries and energy storage devices, announced it has
The device is modeled on Axion's patented lead-carbon (PbC(TM)) technology -- the first major breakthrough in battery advancement in more than 30 years. The goal of the program is to reduce weight and increase power in military assault and silent watch vehicles.
Axion's new lead-carbon technology will offer several advantages in this application including: less lead; high power delivery rates; improved cold temperature performance; faster recharge rates; and longer life cycle than those achieved from current conventional lead-acid batteries.
"Congressman Altmire has been a real advocate for Axion and our innovative technology," Axion Chief Executive Officer Thomas Granville said. "We're proud of the work we're doing and we're honored by Congressman Altmire's recognition of our product as a way to help our military and enhance our national security."
Axion's project is among 10 totaling
"With companies like Axion Power International, our region is leading the
way in the development of advanced, innovative technology for use by the
military," said Congressman Altmire, who delivered the
It was Congressman Altmire's second visit to Axion. In July 2007 , he visited the plant as part of his kickoff program aimed at establishing the "high-tech corridor." Congressman Altmire is among a string of business representatives, local officials and government leaders at every level to visit Axion since the industry trail blazer relocated from Toronto, Canada , in 2006. Axion chose Pennsylvania , and more specifically labor-talented Lawrence County , over several other vying states.
In 2007, Gov. Rendell awarded Axion Power
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 was not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."
Axion Power International, Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion is producing prototype PbC batteries in small quantities at its plant in New Castle and believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com.Contact: Allen & Caron Axion Power International, Inc www.allencaron.com www.axionpower.com Rudy Barrio (investors) Kelly Gubish firstname.lastname@example.org email@example.com 212 691 8087 724 654 9300 Brian Kennedy (media) firstname.lastname@example.org
SOURCE Axion Power International, Inc.
Copyright Â© 2008 PR Newswire Association LLC. All Rights Reserved.