Axion Power International Inc. announced it has received an order from ePower Engine Systems LLC. The order is for PbC batteries and management systems required to convert 10 Class 8 trucks from standard internal combustion engines (ICE) to 'series diesel electric hybrid drive train systems' utilizing ePower's proprietary technology. The purchase order is an extension of the existing agreement between Axion and ePower and further validates the performance of the PbC batteries in this hybrid application.

At ePower's current specifications, each conversion kit System would require 56 PbC batteries and the PbC battery management system (BMS). Axion values each truck conversion battery order at in excess of $20,000.00. The companies are concurrently negotiating a long term agreement for Axion PbC batteries and BMS for System conversion kits, that will be marketed by ePower to fleets, trucking firms and OEMs that are in the business of retrofitting Class 8 trucks and beyond.

The agreement being negotiated would have minimums in order to retain pricing and sector exclusivity. Axion is free to market PbC batteries and technologies without restriction, except for the 'series' hybrid market, under the agreement being negotiated.