This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Axion Power And EPower Engine Systems Inaugurate Strategic 18-Wheeler Alliance Using PbC Batteries In Hybrid Drive Trains For Class 8 Trucks

Stocks in this article: AXPW

NEW CASTLE, Pa., March 4, 2013 /PRNewswire/ --  Axion Powerâ„¢ International, Inc. (OTC QB: AXPW), the developer of advanced lead-carbon PbC® batteries and energy storage systems, announced today that it has, following the signing of a Letter of Intent dated October 15, 2012, commenced a strategic relationship with privately held Florence, KY-based ePower Engine Systems LLC. ePower specializes in the retrofit and conversion of diesel-powered Class 8 trucks into fuel-saving hybrid powered units. ePower Engine Systems has consented to a five year  initial term with Axion Power that includes the exclusive use of Axion's PbC® batteries, and battery management systems, in all ePower retrofits and conversions.

Axion Power International's Chairman and CEO Thomas Granville said that the first truck to be outfitted with a PbC battery string has been completed and is now on the road going through its final test procedures. The truck, a Peterbilt 386 was outfitted with 56 PbC batteries operating in a string configuration and incorporates Axion's proprietary Battery Management System and data logger. ePower's proprietary, patent protected, diesel electric hybrid drive train, with the PbC batteries, efficiently powers the converted vehicles, and is able to reduce fuel consumption through the unique application of power sharing between engine and batteries.  

"Our PbC batteries and management system, together with the ingenuity and intellectual property of ePower, are cutting fuel consumption by a significant factor," Granville said.  "Our early testing has gone well and has demonstrated an ability to increase miles per gallon by more than 35%. We believe, and more importantly ePower believes, that with improved synergy of function between the proprietary hybrid drive train and our PbC batteries, that improvements in miles per gallon exceeding 50% can be achieved. As more trucks are outfitted, we will be significantly decreasing carbon emissions and saving money for truck operators, who will be paying for far fewer gallons of fuel.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs