Axion Power's PbC® Technology, at the Request of Multinational Automotive Supplier, to Undergo Independent Testing for Auto Applications at The Vrije Universiteit Brussel -Research Group MOBI
NEW CASTLE, Pa., Aug. 25, 2016 /PRNewswire/ -- Axion Power International, Inc. (OTCQB: AXPW) today announced it has shipped PbC® Batteries to the Vrije Universiteit Brussel (Free University of Brussels) and their Battery Innovation Centre of MOBI Research Group. The PbC Batteries will be evaluated for automotive applications based on real world driving conditions and vehicle types available in the EU.
Professor Noshin Omar, Head of the Battery Innovation Center at Vrijie Universiteit Brussel, will be running independent third party validation of the PbC Battery performance for a multinational automotive supplier. The testing, which is slated to begin in September, will benchmark PbC Battery performance and its robust capabilities against several battery chemistries for vehicle applications.
"Our team is looking forward to evaluating the PbC® Technology and its application in multiple vehicle architectures," said Omar. "We also welcome the collaborative work with Axion Power, and look forward to Jack Shindle, Vice President of Engineering, visiting in September to assist with the test protocols being used."
The Battery Innovation Centre of MOBI Research Group is the main Belgian expertise center for research and development of energy storage systems for traction and stationary applications. It offers state-of-the-art testing facilities and modeling for rechargeable energy storage systems. The center regularly partners with other companies and organization for the purposes of testing, simulation, prototype development and proof-of-concept.
On Aug. 13, The Economist published an article, "Upping the volts will make hybrid cars much cheaper," (http://econ.st/2bx7ipL). The article discusses stop-start technology, commonly used in hybrid vehicles. Specifically, the author points out the faster charge and discharge available from a lead-carbon battery. This is the technology space where Axion Power's PbC Batteries reside.
"We are pleased to partner with the Vrijie Universiteit Brussel on this project in the advancement of hybrid vehicle development," said Richard Bogan, CEO, Axion Power. "This work effort is one of many projects currently underway around the world to establish the unique features and robust capability of Axion's proprietary PbC Technology."
About Axion Power International, Inc.
Axion Power is a technology leader in lead-carbon energy storage. Axion's patented lead carbon battery is the only advanced battery technology with an all carbon negative electrode. Axion's negative electrodes are designed to be directly substituted for lead acid negative electrodes producing the unique benefits of the Axion carbon technology. Axion Power's primary goal is to become the leading supplier of carbon electrode assemblies for lead-acid battery companies around the world. For more information, visit www.axionpower.com
Forward-looking Statements
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.
Contact:
Jack Shindle
[email protected]
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SOURCE Axion Power International, Inc.
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