The company has not filed an annual or quarterly report since its FY2016 10-K, filed Jul 13, 2018. Its latest SEC filing is a 8-K from Aug 2, 2018.
10-K for FY2016, filed Jul 13, 2018
The sections below describe the company as of the FY2016 annual report.
Develops PbC battery technology and components for energy-storage systems used in utility, renewable-energy and vehicle applications, and pursues intellectual-property licensing.
10-K for FY2016, filed Jul 13, 2018We strive to be an innovative energy solutions company that has previously pioneered the development of carbon/lead batteries. We have also…View ↗
In 2016, Axion changed its strategy and business model from a manufacturing and capital investment intensive lead-acid battery production…View ↗
The energy storage industry has traditionally been based on battery, flywheel, capacitor, thermal, chemical systems, power to gas, gravity…View ↗
Axion sold products under written orders; approved credit customers could pay on account, while others generally paid before shipment. Product sales were generally tied to shipment, with some depending on delivery or collection by a prime contractor.
10-K for FY2016, filed Jul 13, 2018Revenue Recognition: The Company recognizes revenue when there is persuasive evidence of an agreement, delivery has occurred, or services…View ↗
$4.6M
10-K for FY2014, filed Apr 15, 2015
$4.6M ↗
Axion had made specialty lead-acid batteries for a third party and planned to reach PbC customers through manufacturers, distributors and licensees. It said it had been unable to sell PbC products and described a joint venture with Fengfan as its sole remaining opportunity.
10-K for FY2013, filed Mar 31, 2014 10-K for FY2016, filed Jul 13, 2018From March 2011 through 2013, we utilized our capability and capacity primarily to produce specialty lead-acid batteries for a third party.…View ↗
Contract manufacture of batteries using our proprietary PbC electrodes thereby allowing us to solely focus on the PbC electrode manufacture.View ↗
Distribution of PbC batteries and product systems by established commercial organizations to allow shorter time to market.View ↗
Licensing of PbC products to established companies for use in their systems design and sale to broaden the acceptance of the technology.View ↗
Due to our inability to successfully market and sell our PbC product, and our inability to secure and preserve business opportunities, our…View ↗
No. It lost $18.7M in .
10-K for FY2014, filed Apr 15, 2015
8-K, filed Aug 2, 2018
Today, August 2, 2018, the Board of Directors of Axion Power International, Inc. (the “Company”), resolved that this Corporation is…View ↗
Shrank. Revenue fell 52% in 2 years, from $9.8M in to $4.6M in , about 31% a year.
From battery production to technology licensing
The older report described a business developing, manufacturing and selling PbC and lead-acid batteries. The latest report describes a shift to research and development, intellectual-property licensing and royalties, with manufacturing stopped.
10-K for FY2013, filed Mar 31, 2014The primary business of Axion Power International, Inc. (the “Company”, Axion, “we”, “our”, or “us”) is to develop, design, manufacture and…View ↗
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