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Axion Power International, Inc. (OTC Bulletin Board: AXPW | Quote | Chart | News | PowerRating) closed at $1.55 Friday, trading 3,500 shares.
Company News- October 6, 2008: Axion Power International Gets $1.2 Million in Federal Funding to Develop Advanced Batteries for U.S. Marine Vehicles
Axion Power International, Inc. (OTC Bulletin Board: AXPW), an industry leader in the development of advanced batteries and energy storage devices, announced earlier today it has received a $1.2 million federal grant, secured by U.S. Rep. Jason Altmire (PA-4) through the Department of Homeland Security Appropriations Act, 2008. The grant will fund work aimed at the development of new lightweight, high-power batteries for use in U.S. Marine Corps vehicles.
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About Axion Power International, Inc.
Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that was not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power." Axion Power International, Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion is producing prototype PbC batteries in small quantities at its plant in New Castle and believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com.
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Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW | Quote | Chart | News | PowerRating) closed at $1.16 Friday, trading 893,700 shares.
Company News- October 6, 2008: Quantum Ships New Generation Hybrid Electric Vehicles to the US Army
Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW | Quote | Chart | News | PowerRating) announced earlier today that it has designed, developed and shipped a new generation of hybrid electric vehicles incorporating hydrogen internal combustion engines to the US Army Tank Automotive Research Development and Engineering Center (TARDEC) for deployment at the Selfridge Air National Guard Base (SANGB).
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About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. "Fisker Karma" launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.
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