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About Axion Power International
Its shares trade under the ticker AXPWQ. It has been listed since 21 June 2001. In the fiscal year to 31 December 2016, it reported revenue of $58,203 and a net loss of $10.6m. At that date it held total assets of $578,256 and shareholders' equity of −$7.6m.
Axion Power International, Inc. develops, designs, manufactures and sells energy storage components and devices based on its patented PbC technology. The company is headquartered in New Castle, Pennsylvania. The company went IPO on 2001-06-21. The firm has developed carbon/lead batteries, and integrates its batteries into energy storage systems, renewable energy systems, off-grid applications, automotive and other applications. The firm sells batteries, energy storage systems and engineering services as part of its product offerings, and can assist battery end users to adapt its batteries to various applications. The firm's lead carbon (PbC) batteries and battery components have application in a range of energy storage systems. The company focuses on various areas, such as power grid stabilization, micro-hybrid vehicles, hybrid commercial trucks, automated guided vehicles, and off-grid and renewable energy storage. Its PbC battery technology is a hybrid asymmetric energy storage device. The firm manufactures lead-acid batteries for sale under the Axion brand name at its Clover Lane facility in New Castle, Pennsylvania. The firm also offers the PoweCube.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 21 Jun 2001
- Employees
- 83
- Website
- axionpower.com ↗
Leadership
Pay as last reported
- Mr. Richard BoganChairman of the Board, Chief Executive Officer, Acting Chief Financial Officer, since 2014$252,955
- Mr. Jack ShindleChief Engineer$153,451
- Mr. Robert MaruszewskiDirector$14,833
- Mr. Michael CorcoranIndependent Director$8,000
- Mr. Michael KishinevskyIndependent Director$15,667
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong technological capabilities: Axion Power International Inc has developed advanced energy storage technologies, allowing for high-performance batteries with longer lifespan and improved efficiency.
- Unique value proposition: The company offers innovative energy storage solutions, such as its PbC® Technology, which combines the benefits of lead-acid and supercapacitor technologies, providing enhanced performance and cost-effectiveness.
- Strategic partnerships: Axion Power International has established collaborations with key industry players, enabling access to resources, expertise, and potential market opportunities.
Weaknesses
- Limited market presence: The company currently has a relatively small market share in the energy storage industry, resulting in lower brand recognition and limited customer base.
- Financial constraints: Axion Power International has faced financial challenges, including the need for additional capital to support research and development efforts and scaling up production capabilities.
- Dependency on external suppliers: The company relies on external suppliers for certain components and resources, which may lead to potential disruptions in the supply chain.
Opportunities
- Growing demand for energy storage: With the increasing adoption of renewable energy sources, there is a rising need for effective energy storage solutions, offering Axion Power International an opportunity to capitalize on this market demand.
- Government support and incentives: Governments worldwide are implementing supportive policies and providing financial incentives to promote energy storage technologies, creating favorable market conditions for Axion Power International to expand its business.
- Expansion into emerging markets: The company can explore potential expansion into emerging markets, where the demand for energy storage solutions is growing rapidly, offering untapped growth opportunities.
Threats
- Intense competition: The energy storage industry is highly competitive, with numerous established players and emerging startups, posing a threat to Axion Power International's market position and pricing power.
- Technological advancements: Rapid advancements in energy storage technologies may pose a threat if Axion Power International fails to keep up with industry developments or faces challenges in protecting its intellectual property.
- Regulatory changes: Changes in regulations regarding energy storage, safety standards, and environmental requirements could impact the company's operations, compliance costs, and overall market prospects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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