Two weeks ago the company issued a letter to shareholders and the last paragraph started as follows.
We believe that the current stock price and market valuation of Axion Power is significantly lower than it would be if the market were taking into account the inherent worth of our technology. We believe that our stock is undervalued based on the technology's potential to save money for our customers in the transportation space by increasing gas mileage and reducing emissions. In the energy storage space, using PbC batteries to decrease payback time for solar photovoltaic farms and other renewable energy projects.
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