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I must have missed this. When did Fengfan make the first $250k payment?
If the company is shutting down in 4 days why are there buy orders? Why did Fengfan make the first $250k payment? If they are commercializing the tech someone will be owed royalties?
What news? This November it will be 2 years since Fenfang signed the ESA. This December it will be 2 years that Fenfang was supposed to make it's first payment to AXPW. AXPW just this year announced that the Company will be forced to conclude its remaining operations and wind down its affairs if Fenfang does not issue the payment by July 31st. Which mind you is in 4 business days.
So I ask you again, knowing the above statements to be factual, what is the more likely result with AXPW?
I'm just waiting for the "News". Let's hope they just don't want to divulge upcoming news just yet. Lots of pressure for the management to do something.
So are the Chinese claiming this as their own technology or does this mean Fengfan is actively developing the tech?
Check out this article about Fengfan developing lead carbon batteries: https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/industry/energy/power/china-develops-battery-to-store-renewable-energy/amp_articleshow/64079965.cms?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https://www.google.com&_tf=From%20%251%24s
It looks like buy orders increased, must be betting on good news. Knowing how Chinese business operate they will miss the end of month deadline.
From their most recent 10K, If Fenfang doesn't make the payment by the end of July 2018 their next option is to close all operations. Pretty telling 10K.
This from the 10K pretty much sums it up
"On January 5, 2018, Fengfan’s Chief Engineer informed the Company that Fengfan executive management are internally challenged to make their decision to execute the ESA. No investment or co-development funds were received from Fengfan. Communication from Fengfan has become very sporadic. The Company expects a clear indication of Fengfan’s intentions by the end of July 2018. Absent Fengfan’s clear and positive answer – in July 2018 - with respect to building a positive collaborative partnership going forward and their absolute commitment to provide Axion the agreed to funding, the Company will be forced to conclude its remaining operations and wind down its affairs".
Looks like an all or nothing bet on Feng fan should know by the end of the month. So do chinese walk away from the $250k or buy the rest of the company for $500k at the current price?
The fundamentals needs to be pointed the right way. Hoping for a solid upward trend.this will climb up the leaderboard..
Original title: "If you think that it is now the world of lithium, then you must be cheated!" 2018/7/6 9:22:38
http://shupeidian.bjx.com.cn/html/20180706/910840.shtml
I don't think Bogan or Keybridge care about the price. They will collect the chinese royalties and distribute them to the board , if I remember correctly could be $1,000,000+
The last couple dozen of us trading a few 100,000 shares is all the left for activity. I assume the insiders are using every pull back to slowly acquire the company.
And there it drops AXPW $.0043 -0.0033 -43.42%
David Gelbaum according to some old information I found has acquired 18.5% of AXPW. https://en.wikipedia.org/wiki/David_Gelbaum
I think they will not say anything. They made a payment to Axion and did not say it. They will announce the license agreement directly when they sign it(If they sign it). I think this will happen by the end of this year.
It looks like Keybridge' team is AXPW's team. Which may be good, but shouldn't holdings be reported once key thresholds are hit (10% etc.)
That's exactly what I think is going to happen
So what you're saying is they're going to do a reverse in order to regain majority control and take the company private under Bogan's holding company?
It is very hard to buy 10000 shares without moving the price
Chivas thanks for the info on AXPW. What about Fenfang, Is Fenfang required to disclose when they make payments to AXPW?
It will be 2 years this coming December that Fenfang was supposed to make it's first payment.
....useless equipment goes to auction!
"Axion will receive a royalty of two percent of Fengfan's net sales of PbC batteries in Greater China and North America, with a guaranteed annual minimum of $1 million"
Pretty sure a buy out is in the works, the company auctioned off the physical assets a few months ago
Fengfan:
2018-6-19
"At the same time, the company relied on the Sailing Research Institute and signed strategic cooperation agreements with the Dalian Institute of Chemical Physics, Shanghai University, Tongji University, and United States, Germany, and other national professional technology companies, dedicated to lead-carbon batteries, bipolar batteries, The research and development of new materials such as fuel cells and graphene, and the joint production, research and development of lithium-sulfur batteries, fuel cells, and other cutting-edge technologies are also being continuously strengthened. Scientific and technological innovation is transforming into a new driving force for the economic development of sails, and promoting the development of sails to technology-based power supply industry groups."
They are not required to file financial statements.
Rules 12g-4, 12h-3 and 15d-6 and 15d-22
Fengfan will make a payment or has already done so!
"It has the advantages of high safety, low cost, large discharge power, etc., and it can achieve 100% battery recycling. Its whole life cycle has a low environmental load and huge potential for development. The long-life lead-carbon storage battery is used in combination with a solar power generation system."
"The key technical problems of sulfation of lead-carbon batteries have been solved" - 2018-05-07
Buckmaster, this has been my concern since they stopped reporting. They have not filed bankruptcy so there is still a company. Take a look at www.keybridgepartners.com and what they do. If they acquire enough shares they will probably tender for remaining shares. Right now they can buy the whole company pretty cheap.
OK Heavy Sword,I'll bite.
If what you say is true aren't there accounting principals companies listed on stock exchanges must report and make public within strict time lines? If so, why isn't this occurring? There are guidelines that publicly traded companies must conform to, yes? If the answer is yes, then this appears through their non-action that AXPW has become a defunct company.
I am a big fan of this stock, the technology is going to be huge. If feng fan is making their payments there could be $1,000,000+ coming in. If bogan is taking it private he can use one of the payments to buy the whole company
This is what happens when someone buys 2000 shares valued @ $15
AXPW $.0076 +0.0031 +68.89%. Onward and upward
There's always a thorn on every rose. Bring on some good news AXPW!
No you can't. They're waiting for a buy out and you might be waiting a loonngg time. The best thing you can hope for is for a publicly traded company to purchase their debt & technology in the hopes of receiving 1/1000 per share of a viable stock in return.
It's been one year since the last 8-k. Can we expect an 8-k soon?
Definitely an interesting technology. This ticker can def go up quick in my opinion. I have had it for a while just waiting on a upwards movement
That's and old article but the potential of the technology has not changed. I expect axpw will report that they are receiving payments from feng fan.
Good dd heavy sword its been a while since aaxion had any promising news
Where are all the sellers? Can't buy much without the price jumping
Ouch, AXPW $.0026 -0.0034 -56.67%
Zhang Huamin:2017-11-20
"Lead-acid battery, I did not look good before. However, through research on lead-carbon batteries in recent years, from my current laboratory research results, if lead-carbon batteries are doing well, under the same conditions, lead-carbon batteries will have a five-fold increase in life compared to lead-acid batteries. However, there are still some security issues. For example, more than ten years ago, the United States had an internationally known energy storage company recently declared bankruptcy because of its fire in the United States and in Hawaii. The main reasons for this are lead-acid batteries and carbon. Carbon and water together, in charge process more than 1.7V (lead-acid battery voltage is 1.8V), control will produce hydrogen gas, causing fire. So solving this problem is the core of lead-carbon batteries."
It looks like I'm the last one still on this board. As this company quietly goes private no one will even notice
Richard H. Bogan, CPA 66 2015 Chairman, Chief Executive & Financial Officer
Philip S. Baker 69 2010 Chief Operating Officer & VP-Strategic Development
Michael Kishinevsky 50 2005 Secretary & Independent Director
Donald F. Farley, MBA 74 2015 Vice Chairman
Bob A. Maruszewski, MBA 54 2016 Director
Michael J. Corcoran, CPA 58 2016 Director
http://www.4-traders.com/AXION-POWER-INTERNATIONAL-26123503/company/
Key Bridge Partners TEAM MEMBERS
Robert A. Maruszewski, Partner
Richard H. Bogan - CPA, Operating Partner
Key Bridge Partners acquire medium-size businesses
from family, private, and corporate owners and
maximize their potential with the proper financial structure and management. We are committed to preserving the legacy of great brands and building globally-competitive businesses.
Does anyone know how to look up how many shares are owned by Keybridge Partners?
It looks like this firm is trying to take AXPW private, and keeping prices low: http://www.keybridgepartners.com/
Looks like the same key people are with both companies
We should see some good movement in this stock. Conditions might appear different but my hope is that all involved in this stock will not be shaken out and lose the big money that surely will come with patience and a long-term view.
So how much longer before this stock is halted? They haven't files any financials in over a year. SEC cracking down this year on nonfliers
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Lead-Carbon Energy Storage Device Overview
PbC® Technology
The full technical description of Axion's proprietary
PbC®
technology is a "multi-celled asymmetrically supercapacitive lead-acid-carbon hybrid battery." Like a lead-acid battery, our battery consists of a series of cells. Within the individual cells, however, our construction is more complex. Where the negative electrodes in lead-acid batteries are simple sponge lead plates, our negative electrodes are five-layer assemblies that consist of a carbon electrode, a corrosion barrier, a current collector, a second corrosion barrier and a second carbon electrode. These electrode assemblies are then sandwiched together with conventional separators and positive electrodes to make our battery, which is filled with an acid electrolyte, sealed and connected in series to the other cells.
We have been testing laboratory prototypes of Axion's
PbC®
batteries since April 2004. Our test protocol requires a complete charge-discharge cycle every 7 hours to a 90% depth of discharge. During testing, our laboratory prototypes have withstood more than 1,600 cycles before failure. In comparison, most lead-acid batteries designed for deep discharge applications can only survive 300 to 500 cycles under these operating conditions. Based on the work completed during the laboratory development stage, we believe our application specific prototypes will offer several key performance advantages over conventional lead-acid batteries, including:
Over five years have been devoted to research and development on various aspects of this technology. Our work has focused on developing our intellectual property, characterizing baseline performance, developing proprietary treatment processes for the activated carbon we use in our electrodes, developing proprietary designs and manufacturing techniques for electrode assemblies and fabricating a series of material and design evaluation prototypes that range from single cell to multi-cell batteries.
PbC® Battery Overview |
Technology and Performance & Economics
Conventional lead acid batteries are comprised of two electrodes: a positive electrode made of lead dioxide (PbO2) and a negative electrode made of sponge lead (Pb). Both the lead dioxide and sponge lead materials are pasted onto lead grids that act as the current collector. Two half reactions occur on the electrodes during charge and discharge that are described by the well known double sulphate theory for lead acid batteries:
______________________________________
The PbC® battery is a hybrid device that uses the standard lead acid battery positive electrode and a supercapacitor negative electrode that is made of activated carbon. The specific type of activated carbon we use has an extremely high surface area (1500 m2/g) and has been specifically formulated by Axion for use in electrochemical applications. During charge and discharge, the positive electrode undergoes the same chemical reaction that occurs in a conventional lead acid battery, i.e. lead dioxide reacts with acid and sulphate ions to form lead sulphate and water. The main difference in the PbC® battery is the replacement of the lead negative electrode with an activated carbon electrode that does not undergo a chemical reaction at all. Instead, the very high surface area activated carbon electrode stores the protons (H+) from the acid in a layer on the surface of the electrode. This new negative half reaction can be written as the following:
In conventional lead acid batteries the concentration of acid changes from being very concentrated in the charged state to somewhat dilute in the discharged state as the acid is converted to water. In contrast, the PbC® battery stores H+ in the negative electrode in the fully charges state which move to the positive electrode during discharge where they are neutralized to form water. The result is reduced acid concentration swings from the charged to discharged state which reduces grid corrosion on the positive electrode and leads to longer life of the positive electrode.
The first of its kind , PbC lead carbon bi polar battery on display at The Battery Show in Novi Michigan at the Advanced Battery Concepts booth! Look for new battery technology developments from Axion Power and Advanced Battery Concepts !
Sept 12th 2016
----------------------- MAJOR UPDATES - November 2016 ------------------------
For the last year, Axion has been working very hard to secure a partnership which would transform its patients. During 2016 Axion, re shifted its orgin from manufactoring to licensing of there current PbC patients. Axion currently owns 15 patients and have recently added two during the first part of Sept 2016. Axion also owns 5 international patents !
Axion Power International, Inc. has recently entered into a Tri-Party Letter of Intent with Fengfan Co. Ltd. of Baoding, China and LCB International Inc. of BVI, regarding the sale of Axion's PbC® technology in China, Taiwan, Hong Kong and Macau to Fengfan and LCB, along with non-exclusive licensing rights in North America. These rights also include a 2% royalty to Axion Power, and a $5 Million dollar pay out in 24 months. As of Oct 31st the agreement has been signed and the first intital down payment to Axion will begin Dec 2016.
This is the position Axion has been seeking for several months, it allows them to take there patient to China where it will be manufactored and set up in an established market. Part of why Axion has struggled is because of the attempt to manufactor these batteries. Now after the restructure and reoganziation, Axion's partnership with FengFan Co will become a leading provider in China for Lead Batteries which already has a very well established market . Not only will FengFan's partnership allow royalties it also sets up additional sales and revenue for Axion. LCB International has been a key component in finalizing the established deal .
Updates to there products,
http://www.axionpower.com/products
dont forget the power cube...
The PowerCubeTM , our highly customizable PbC? Battery energy storage system, delivers dispatchable power for many applications. Axion Power can customize the PowerCubeTM to fit specified energy storage and usage needs ranging from 100kW containers to multiple MW commercial building units. Configurations are available in building blocks of 100kW, 500kW, and 1.25MW. Custom-racking systems hold batteries securely, and seismic racks are available to absorb vibration and prevent movement.
Our PbC? Batteries Inside Your PowerCube™
PbC® Batteries offer many features that make them ideal for commercial energy storage and grid support applications which include:
• Long Cycle Life: ability to provide approximately 3,000 100% DOD cycles, PbC® Batteries provide many years of service for commercial applications resulting in a lower lifetime cost per kWh.
• Faster Recharge, reducing downtime and maximizing use of the renewable power source.
• Ability to operate in a partial state of charge (PSOC) without reducing lifetime- pertinent in applications such as frequency regulation or renewable buffering and smoothing
• Maintenance Free: AGM sealed, non spillable, self equalizing state of charge even in large strings, overall lower cost to owner
As energy bills are rising and the need to provide green solutions increases, Axion Power’s engineers have created a powerful residential energy storage solution that is customizable to meet the specifc energy needs of the homeowner. Using a 7kWh* base model cabinet, we provide ranges from 7kWh to 28kWh of stored energy. Manage peak loads, maximize consumption of stored energy and easily integrate into your existing solar panels all with ease, quality and reliability. In the event of a power outage, the Axion Power system can combine with solar to form a micro-grid, right inside the owner’s home.
Systems available offering: Energy Rating of 7kWh - 28kWh Power Capability ranging from 4kW - 8kW State-of-the-art seismic rated industrial cabinets
Why PbC? Batteries for Residential Energy Storage? PbC® Batteries offer many features that make them ideal for residential energy storage applications including:
• Long Cycle Life- ability to provide approximately 5,000 65% DOD cycles (with standard residential configuration) providing over 10 years of service resulting in a lower lifetime cost per kWh.
• Warranty-Backed: five-year full and five-year pro-rated when used in our residential systems
• Faster Recharge- quickly accept available solar energy maximizing system’s availability to provide power when needed
• Ability to Operate in a Partial State of Charge (PSOC)- In off-grid systems weather can reduce solar energy availability, PbC® batteries can operate in PSOC without reducing lifetime.
• Maintenance Free: AGM sealed, non spillable and reliable, providing renewable energy storage for many years at an overall low cost of ownership
By combining a low voltage high efficiency LED light, a solar panel and two PbC? Batteries we offer a cost effective, green, outdoor lighting solution. An energy-saving alternative for use as non-essential lighting, these solar lights will turn on at dusk and provide reliable lighting until dawn. During daylight hours, the system naturally collects solar energy, recharging PbC® Batteries for the the next night’s use.
This system is self-sustaining and does not require a grid power source. The stand-alone light is ideal for construction sites, buildings striving for LEED certification, commercial parking lots, parks or even residential communities looking to reduce their energy consumption. In addition, since this system works on stored solar power, it can be configured for use as needed - during specified hours, power outages or severe weather events - making it a more reliable system for areas susceptible to power outages.
The same power supply can be applied to remote monitoring or security applications to provide power for gas well monitoring, remote seismic sensors, weather stations, security cameras or sensors, motion lights or other monitoring equipment in remote off grid areas.
Why PbC? Batteries for Off-Grid Lighting?
PbC® Batteries offer many features that make them ideal for off-grid solar lighting or remote telemetry applications including:
• Long Cycle Life- ability to provide up to 10+ years of worry-free lighting.
• Faster Recharge- quickly accept available solar energy to store for night time lighting
• Ability to Operate in a Partial State of Charge (PSOC)- Weather may reduce solar energy availability, PbC® batteries can operate in PSOC without reducing lifetime.
• Maintenance Free: AGM sealed, non spillable and reliable, providing solar powered lighting for many years
Our off grid power supplies can be customized for a variety of lighting applications and also can be used for remote monitoring or telemetry applications. Contact us for custom options for your lighting or remote power needs.
As the U.S. Armed Forces strive to reduce energy consumption, lead the way in green practices and make our country secure by becoming energy independent, Axion Power can provide the technology to help them achieve these goals. Axion PbC® Batteries and energy storage systems can be customized to fulfill the stringent needs of the military. Using proprietary PbC? Technology, we can provide containerized PowerCube™ energy storage units offering a reliable micro-grid ranging from 100kW to 1.25MW. Our energy storage systems can also be customized to be installed in a traditional building. Custom battery racking systems can be designed to secure various numbers of battery strings and can include seismic rated braces to prevent movement of stored PbC? Batteries.
In addition to energy storage, PbC® Batteries can be used for portable power solutions, genset ramp rate control, renewable buffering and smoothing, remote monitoring, communications and a variety of other military applications.
The unique features of the PbC® Battery offer many advantages desired by the military and the defense industry that include:
• Long Cycle Life- approximately 3,000 100% DOD cycles providing longevity, resulting in a lower lifetime cost per kWh
• Faster Recharge- quickly accept available renewable energy maximizing system’s availability to provide power when needed, reducing genset run times
• Excels in a Partial State of Charge (PSOC)- Weather can reduce renewable energy availability, PbC? Batteries operate in PSOC without reducing lifetime, ideal for off-grid applications
• Maintenance Free: AGM sealed, non spillable, reliable, self equalizing state of charge even in large strings, overall lower cost to the organization
• Wide operating temperature range- Operate through a wide temperature range from -20 to 50 C
and
Testing being done in Europe
http://www.axionpower.com/press/press-release/2016-08-25-axion-powers-pbc-technology-at-the-request-of-multinational-automotive-supplier-to-undergo-independent-testing-for-auto-applications-at-the-vrije-universiteit-brussel-research-group-mobi
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