Axion Receives U.S. Patent for Positive Electrode of an Electric Double Layer Capacitor.WOODBRIDGE, Ontario Woodbridge is a large suburban community (Estimated 2006 pop. 101,170)[1] in the City of Vaughan, just north of Toronto. It was once an independent town before being amalgamated with nearby communities to form the city in 1971. -- Axion ax·i·on n. A hypothetical boson having no charge or spin and small mass, proposed to explain the existence of certain symmetries of the strong nuclear force. [axi(al) + -on1.] Power International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AXPW) announced today that the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property has issued U.S. Patent No. 7,006,346 for its Positive Electrode of an Electric Double Layer Capacity Technology. Edward Buiel Edward Raymond Powell Buiel, Ph. D. is Axion's chief of research and development and has 12 years of experience developing lithium-ion batteries, super capacitors, asymmetric lead-carbon supercapacitors, and carbon-based materials for various electrochemical applications. , Axion's Chief of Research and Development, said "In general terms this patent covers a novel method developed by our scientists that is used to fabricate high performance positive electrodes for use in our e3 Supercells. Electrodes based on the new technology are expected to enhance our efforts to develop and produce energy storage devices that offer higher specific energy, higher maximum voltage, and longer cycle life." Thomas Granville, Axion's Chief Executive Officer, continued "A key requirement for a company like ours is to carry innovative concepts forward from initial invention through commercialization. This fourth U.S. Patent solidifies our patent portfolio and provides an additional layer of protection for our e3 Supercell technology. Since high energy, high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to and long cycle lives are critical in many energy storage applications, we believe the new electrodes bring us one important step closer to our goal of producing e3 Supercells that offer a 10-year useful life and are suitable for a variety of markets including wind, solar, electric utilities and hybrid electric vehicles." About Axion Power International, Inc. Axion has developed and is preparing to introduce a new generation of rechargeable batteries that are part lead-acid battery Noun 1. lead-acid battery - a battery with lead electrodes with dilute sulphuric acid as the electrolyte; each cell generates about 2 volts lead-acid accumulator and part supercapacitor. Axion calls these batteries "e3 Supercells." Where conventional lead-acid batteries use lead-based electrodes for both the positive and negative electrodes, e3 Supercells use lead-based positive electrodes and microporous activated carbon for the negative electrodes. When further compared to typical lead acid batteries, e3 Supercell batteries use up to 65% less lead; offer longer cycle life, higher power, significantly faster recharge rates; can weigh considerably less and require no maintenance. In addition, e3 Supercell batteries are less likely to fail prematurely or be damaged by overcharging or other improper use. Axion believes its e3 Supercell technology represents the first major advance in lead-acid battery technology in over 30 years. Axion is implementing a platform technology business model, where it will manufacture electrode assemblies for sale to established battery manufacturers that want to offer a high-performance co-branded product. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. These statements include, without limitation, statements concerning Axion's future business prospects and its ability to successfully complete the commercialization of the e3 Supercell technology. These forward-looking statements are based on 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 all of the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties described in Axion's periodic filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. Axion disclaims 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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