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NEW CASTLE, Pa., May 6, 2016 /PRNewswire/ — Axion Power International, Inc., (AXPW) a leader in carbon battery technology and energy storage, announced meetings with LCB International, Inc. a BVI investment company, to renew negotiations towards a refined and simplified technology licensing agreement to take Axion Power’s patented PbC® Technology to China

LCB International extended an invitation to Axion Power CEO Richard H. Bogan to attend a series of meetings and site visits in China the week of May 15. “The meetings renew previous discussion about the joint effort to commercialize the PbC® Technology and to meet with other potential joint venture partners in China,” said Bogan.

“We are very pleased to welcome Mr. Bogan to China and to continue negotiations towards a mutually beneficial business partnership. China is the largest producer and market of lead acid batteries in the world. LCB remains confident in the long term potential of the PbC® Technology,” said Dr. WJ Gesang, principal of LCB International.

Axion Power’s patented PbC^® Battery brings unique features to the market, including faster recharge, longer cycle life and a wide operating voltage window. The battery offers the added benefit of being nearly 100 percent recyclable, allowing for a smaller environmental footprint than traditional lead acid batteries.

As reported in various Axion Power public filings in 2015, the company had been working with LCB International to consummate a multi part comprehensive agreement regarding a relationship between the two entities surrounding Axion Power’s PbC® Technology and other related matters. Axion Power will report further developments as they are confirmed.

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

About LCB International, Inc.
LCB International, Inc. is an investment and business development firm focusing on the electrical energy storage system for motive and stationary utility applications in Asia.

Source – Company Press Release

axpwchart

Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.

Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.

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