Axion Power’s drive to introduce its lead-carbon battery into China is gathering pace as the company pencils in a second round of negotiations with a Chinese investment firm.
The battery is a hybrid that uses a standard lead-acid battery positive electrode and a supercapacitor negative electrode made of activated carbon and does not undergo any chemical reaction.
Axion CEO Richard Bogan is due to host further negotiations with LCB International, a privately owned British Virgin Islands company based in China, in a bid to draw up a technology licensing agreement to take the company’s PbC® Technology to China.
The meetings, set for next week in New Castle, US, follow similar meetings this May in China.
“The meetings were successful and lay a groundwork and path forward on a renewed structure of the joint effort to commercialise the PbC® Technology in China,” said Bogan.
Dr WJ Gesang, principal of LCB International, said he hoped to be able to accelerate the conclusion of the technology licence agreement in Greater China.
Axion Power worked with LCB International to finalise a multi-part comprehensive agreement regarding a relationship between the two entities surrounding Axion Power’s PbC® Technology and other related matters in 2015.