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Axion Power Residential Energy Storage Hub Certified To UL, CSA Safety Standards

Stocks in this article: AXPW

NEW CASTLE, Pa., Jan. 4, 2013 /PRNewswire/ -- Axion Powerâ„¢ International, Inc. (OTCQB: AXPW), the developer of advanced lead­-carbon PbC® batteries and energy storage systems, announced today that its Residential Energy Storage Hub ("HUB"), which was introduced in September at the CEDIA EXPO and won awards there, has achieved certification to UL1741, IEEE 1547 and Canadian Standards Association (CSA) safety standards. The certification will effectively allow the HUB to be marketed and installed throughout North America. The UL 1741 Standard covers converters, inverters, controllers and interconnection system equipment for use with distributed energy resources.  Going forward, all Axion "HUB" units will bear labeling attesting to the certifications.

The Residential Energy Storage Hub offers secure home power for the high-end residential market segment including uninterruptible, distortion-free power capabilities, as well as an ability to store energy from renewable sources or from the electric grid. The HUB also protects a residence's electrical circuitry, prioritizes its circuits and has the ability to be grid-connected so that either on a regular or occasional basis the homeowner can participate in demand-response and/or power curtailment with a local utility.

Axion Power Chairman and CEO Thomas Granville commented, "The Residential Storage Hub performed very well throughout the entire testing protocol. End dates are sometimes difficult to predict when strenuous testing protocol standards such as UL are involved, so we didn't commit to specific go-forward time frames back in September. Now that this major hurdle has been cleared, we can move forward on all fronts of commercialization and bring the product to market."

"Our HUB product was created to be the gold standard, the energy storage and conversion product of choice for the high-end residential market," Granville added, "and the certification testing has reinforced our belief that it can be a significant leader in this market. We have already generated a high level of interest among homeowners who want secure power without interruption. That interest was buoyed by the unveiling of the product through Rosewater Energy at the CEDIA EXPO 2012 this past September in Indianapolis, where the "HUB" won two awards, 2012 CE Pro BEST Award (Best Electronic Systems Technologies) and the 2012 Custom Retailer EXC!TE Award."

The HUB is based on the same technology and design as the Axion PowerCubeâ„¢, a power storage system that includes strings of PbC batteries that provide the product's real value proposition. The PowerCube leverages the PbC's exceptionally long life, extremely high charge acceptance, fast rate of re-charge and its inherent ability to equalize charge in battery strings and in individual battery cells.

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