Incorporating Axion Power’s PbC battery technology the partnership seeks to develop products that allow distortion-free secure home power, store energy from renewable sources as well as the energy grid amongst other features.
Rosewater managing director Joseph Piccirilli said that the company had seen the value of PbC technology, as a secure energy storage source over the past two years.
"We believe this technology has tremendous value for entertainment technologies, and a range of home upgrades that will enable residential owners to have a previously unattainable sense of both power quality and energy security in their homes," Piccirilli added.
Back in November 2011 Axion commissioned a .5MW/.25MWH PowerCube and then devised smaller units of 100kW to 10kW of the same, these will now serve as prototypes for the residential units.
"The high-end residential market is a natural for this technology, because it allows homeowners to enjoy 100% clean undistorted power for all applications, including home entertainment systems," concluded Axion chairman and CEO Thomas Granville,.
As per the terms of the LOI, Axion will now appoint Rosewater as its exclusive distribution agent for the next three years.
