[mks_dropcap style=”circle” size=”20″ bg_color=”#dd3333″ txt_color=”#ffffff”]S[/mks_dropcap]ince the 6th of May 2016, the Axion Power International, Inc. (OCTQB: AXPW) one of the world’s leading manufacturer of carbon battery technology and energy storage made the announcement of its meeting with LCB international, Inc. a BVI investment company which is an effort to renew ots negotiations towards a refined and simplified technology licensing agreement so as to take Axion Power’s patented Pbc Technology to China.
The meeting whwich was successful prompted in back in May prompted the CEO Axion Power, Richard Bogan to invit hos Chinese counterparts in order to atten a recripocal set of meetins in New Castle which are tentatively set for the third week of this month June, pending travel authority granted to the Chinese executives by Chinese Government.
“The meetings were successful and lay a groundwork and path forward on a renewed structure of the joint effort to commercialize the PbC® Technology in China and set the basis for our continued work at meetings to be held in New Castle as early as the third week in June,” said Bogan.
“We are very pleased with the outcome of the meetings in China, and we are pleased that Axion will be holding reciprocal meetings for my Chinese colleagues in the U.S. in the near future. I am hopeful that through this next set of meetings, Axion and LCB are able to accelerate the conclusion of a refined and simplified technology license agreement to commercialize the PbC Technology in Greater China,” said Dr. WJ Gesang, principal of LCB International.
AxionPower’s Patented Pbc Battery brings unique features to the market which also includes a faster recgarge while offering a better and longer life cycle at the same time with wide operating voltage window. The battery offers the added benefits of being nearly 100% recyclable which thus allows for a smaller environmental footprint instead of a lead acid batter.
In some Axion Power public filings back in the 2015, the company is said to have being in a common rapport with the LCB International so as to consummate a multi part comprehensive agreement regarding a relationship in between the two entities surrounding Axion Power’s Pbc Technology and other related matters. As a matter of fact, Axion Power will still continue to give further details based on developments as they are being confirmed.