My investment idea of the year has to be Axion Power International. This tiny company’s share price has been hit very hard by two very large distressed sellers over the last year or so.
What makes it very special is that it has invented and patented a way of making a lead acid battery last at least five to ten times as long as the ones we all use in our cars at present at only twice the price.
They have accomplished this by replacing the negative electrode with an activated carbon electrode . The negative electrode is the part of battery which has always worn out first, so mush so that nobody knew how long the rest of the battery lasted . They are now beginning to find out and it depends on the rate at which the battery is disharged and recharged .This is being tested BMW in Europe and it is felt that it will be very suitable for stop start , and hybrid cars for which there willbe a massive market over the next number of years