Norfolk Southern Orders PbC Batteries for Locomotive Switcher from Axion Power (OTCBB: AXPW)

Northern, WI 4/26/12 (StreetBeat) -- Axion Power International Inc. (OTCBB: AXPW), the developer of advanced lead­carbon PbC® batteries and energy storage systems, announced that it has received an order from Norfolk Southern Corp. for PbC batteries for use in a battery-powered locomotive. Axion said this first $400,000 purchase order is part of a $475,000 total purchase order to be shipped and deployed over the next three to four months that will be used in the commissioning of Norfolk Southern's NS-999. To date, this is the largest single PbC battery order that Axion has received. No further details were disclosed.

"We have been working with Norfolk Southern for two and a half years, and we are very pleased that this first hybrid 'switcher' yard locomotive, to be run completely on PbC batteries, will soon be in service,” said Axion Power Chairman & CEO Thomas Granville.

A yard switcher locomotive is used in a train yard to assemble and disassemble long trip over-the-road trains as well as for general movement of railroad cars around the rail yard.

According to the Axion chief, the companies are working together to deploy the first “over the road” locomotive powered by Axion batteries. The larger unit will require approximately twice the number of 100-percent recyclable batteries as the yard switcher.

“High-performance PbC batteries are ideally suited for hybrid locomotive applications due to their high charge acceptance, fast charge and discharge capabilities (important in regenerative braking), and their inherent ability to equalize voltage when utilized in large string configurations," explained Granville.

Shares of AXPW are holding an uptrend in 2012; closing 2011 at 27 cents before surging to 64 cents late in January. Shares cooled from the highs, but are still holding support above a 37 cent support level with yesterday’s close at 43 cents.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

Axion Power's PowerCube Battery Energy Storage System Integrated Into PJM Utility Grid

Orlando, FL 11/23/11 (StreetBeat) --Axion Power International, Inc. (OTCBB: AXPW), the developer of advanced lead­carbon PbC® batteries and energy storage systems, announced today that its PowerCube™ battery energy storage and battery system is being integrated as a power resource for the PJM Regulation Market, which serves 58 million people in all or parts of 13 states and the District of Columbia . The use of PowerCube on the PJM market marks the first time an external energy storage system has been integrated into a major power grid.

Axion Power, working in partnership with Philadelphia -based Viridity Energy on this and other projects, will initially participate in the PJM market as a 100 kw resource that will soon be ramped to higher kw levels. As a curtailment service provider in PJM, Viridity Energy will be managing the Axion PowerCube, a highly mobile and scalable 500kw/250kw Battery Energy Storage System.

"Our PowerCube, based on our patented PbC battery technology, is a first of its kind smaller online storage device that will be ramped up to higher kw levels," said Axion Power CEO Thomas Granville . "Going forward, our technology can be configured in building blocks of 1 MW of power for 30 minutes, for PJM applications. It can also provide power quality, back-up power, power smoothing and load leveling in addition to the initial demand response we provided today. We are excited to be working with Viridity Energy and involved in this important PJM project. We see this project as a great way to demonstrate the effectiveness and versatility of the PowerCube. This format will be used for wind and solar storage as well as for our oil rig back up power application."

"At Viridity Energy, we are excited to be among the first active resources participating in the regulation market. I want to thank and congratulate our partner and customer, Axion Power International, for being ready to lead the way and take advantage of this emerging opportunity. Axion's innovative battery technology has the ability to provide quicker, more accurate regulation service than other resources do," said Audrey Zibelman , CEO and President of Viridity Energy. "By increasing the compensation paid to fast acting, accurate regulation resources, the FERC and PJM regulation change strengthens the ability of customers to provide a service that enhances the reliability of the grid while improving the competitiveness of electric markets."

A recent ruling by the Federal Energy Regulatory Commission (FERC) reduced the minimum participation requirement from 500 kw to 100 kw and increased the compensation paid to regulation resources, paving the way for the use of the PowerCube on the PJM project.

StreetBeat Disclaimer

Distributed by Viestly

Axion Power International (AXPW.OB) Technical Stock Trading Video Chart

Today Penny Payday brings you a video chart for Axion Power International (AXPW), a PINKSHEET/OTCBB company and one of many you can find at Pennypayday.com.

Distributed by IntelBuilder Social Media Platform