TMCnet News
Axion Power International, Inc., LCB International, Inc. Announce China meeting on Potential Licensing DealNEW CASTLE, Pa., May 6, 2016 /PRNewswire/ -- Axion Power International, Inc., (OTCQB: 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. About LCB International, Inc. Forward-looking Statements
Logo - http://photos.prnewswire.com/prnh/20160413/355007LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/axion-power-international-inc-lcb-international-inc-announce-china-meeting-on-potential-licensing-deal-300264286.html SOURCE Axion Power International, Inc. |