NEW CASTLE, Pa., Sept. 21, 2016
NEW CASTLE, Pa., Sept. 21, 2016 /PRNewswire/ -- Axion Power International, Inc. (OTCQB: AXPW) today announced that Jack Shindle, vice president of engineering, is finishing a successful round of meetings in Brussels where the Vrije Universiteit Brussel (Free University of Brussels), and their Battery Innovation Centre of MOBI Research Group, has launched evaluation of Axion's PbC® Batteries for automotive applications.
As previously disclosed, Professor Noshin Omar, head of the Battery Innovation Center, is running independent third party validation of the PbC Battery performance for a multinational automotive supplier, which will benchmark PbC Battery performance and its capabilities against several battery chemistries for vehicle applications.
Shindle's trip to Brussels follows on the heels of his successful trip to the People's Republic of China in late August, during which he met with Axion's potential exclusive collaboration partner there to initiate testing of the PbC Battery for applications in China and surrounding areas.
"I am pleased we have started testing our products both in China and with the Vrijie Universiteit Brussel on these projects in the advancement of hybrid vehicle development and other relevant applications," said Richard Bogan, CEO, Axion Power. "These efforts spearhead our initiatives both domestically and internationally to establish the uniqueness and robustness 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
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.
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SOURCE Axion Power International, Inc.