Just a quick intro here - will try and post more info when I have a bit more time.

According to recent news AXE is in position to expect a large influx of business for its Li-On (environmentally friendly, low emissions vehicle battery technology. I won't waffle on right now, but rather let the recent Trading Update do the talking - see below.

IMO this could do well in 2007 and beyond, but PDYOR. Have bought today.





Axeon Holdings Plc - Trading Update
RNS Number:6416M
Axeon Holdings Plc
24 November 2006


24 November 2006
Axeon Holdings plc ('AXE')

SIGNIFICANT ORDER AND 2006 TRADING UPDATE

Axeon Holdings plc ('Axeon', 'the Group' or 'the Company') is pleased to
announce the first commercial order from Modec Limited ('Modec') worth around
1.3 million, the successful initial trials of its new Li-ion battery technology
and a trading update prior to the end of the financial year.


1.3 million Battery pack order

Axeon is pleased to announce that it has received an order worth 1.3 million
for the first 50 battery packs from Modec for the launch of their new zero
emissions urban delivery vehicle. This order follows on from the prior
announcement of Heads of Agreement where Modec selected Axeon as its exclusive
supplier of battery packs. As planned these initial packs will use sodium
nickel chloride cells with a small number delivered before the end of 2006 and
the balance delivered before the end of the first quarter of 2007.


Modec's production vehicle launch is planned for March 2007 and they have
indicated a production capacity of up to 700 vehicles during the first year.


Successful initial trials of Li-ion battery

Axeon has also been contracted by Modec to develop a Lithium-ion (Li-ion)
battery system solution. The Company can now announce the successful initial
trials of the Li-ion battery system with a Modec vehicle as planned. The
initial trials showed a range of 65 miles at a speed of 50 mph with a one tonne
vehicle payload against the requirement for a 50 mile range. Evaluation will
continue during the rest of 2006 with the system planned to be production ready
towards the end of the second quarter of 2007.


Li-ion battery chemistry provides approximately four times the energy density of
traditional lead acid batteries and approximately two times that of nickel metal
hydride based alternatives. This allows lighter, smaller batteries with
increased vehicle range and can now be supplied at price competitive levels.
The challenges have been to build a system that is durable and reliable for
automotive purposes. The application of Axeon's Vindax technology to the
battery management electronics has been an important enabling factor.


Trading Update

The 2006 Interim Results statement noted that some customers in the handheld
devices segment were forecasting reduced volumes during the second half of 2006
such that revenue growth would be slower than previously thought through
deferment of programmes into 2007. The Company also noted that while revenue was
growing rapidly, the rate of revenue growth in 2007 was dependent on a number of
factors including, significantly, the timing and rate of build up of Modec
production.


The board can now confirm that 2006 revenue will be lower than originally
anticipated and will be in the range of 2.8 - 3.0 million. This will still
represent a fourteen fold increase over 2005. Based on orders on hand and the
board's conservative estimate of customer orders expected in 2007, the board
believes that 2007 revenue will exceed twice that of 2006.


The board believes that the general concerns on climate change (illustrated for
instance by the recent Stern Report) are creating favourable economic and public
policy conditions for the more rapid adoption of electric vehicles (EVs), hybrid
electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEV's). These
vehicles have the potential to reduce automotive carbon dioxide emissions by
80%. The Company has a number of li-ion battery based development programmes
with vehicle manufacturers under evaluation that are expected to come to
fruition during 2007. Crucial to all these developments is the ability to
design and build large high voltage Li-ion battery packs that are durable enough
for automotive purposes. The board believes that the Vindax intellectual
property of Axeon Technologies provides a source of competitive advantage in
this area. With that in mind, the board is re-focusing the Axeon Technologies
division. Existing programmes with European manufacturers based around internal
combustion engine control and diagnostics will continue to be supported but new
programmes will focus on the expanding opportunity for Vindax based Li-ion
battery management electronics. Minor restructuring costs of around 85,000
will be incurred before the end of 2006 to enable this change.


During 2005 and 2006 Axeon has developed enabling Li-ion battery pack
electronics and demonstrated product capability for a range of battery voltages
and vehicle ranges. These include the Modec urban delivery vehicle, a light
utility vehicle, and an electric greens mower. The Board is evaluating how to
translate this success in the UK into the European and US market places.


Commenting on Announcement Hamish Grant, Chief Executive Officer of Axeon said:

'Receiving the first orders for production batteries from Modec is an important
milestone for the Company. The successful initial trials of the Li-ion
prototype battery is more significant as it demonstrates the working capability
of battery and battery management electronics developed over the last two years.


We believe this package of demonstrable capability positions us to take
advantage of the growing interest in electric, hybrid and plug-in hybrid
vehicles. The recent Stern report on climate change has illustrated the urgent
need to reduce automotive carbon dioxide emissions. We believe that
combinations of consumer pressure and Government actions will accelerate the
adoption of these solutions over the next few years. For instance studies in
Japan and the US have shown that plug-in hybrid electric vehicles can reduce
vehicle carbon dioxide emissions by 80%. Our Li-ion battery technology can in
the near term enable these vehicles to work and reduce the overall cost of
vehicle ownership compared to the equivalent petrol or diesel engine vehicle.


'Our products continue to prove that innovation can produce effective ways of
reducing automotive emissions and increase energy efficiency through the
deployment of advanced Vindax control and battery technology.'


Enquiries


Axeon Holdings plc www.axeon.com
Hamish Grant, CEO Tel: +44 (0) 1224 338383
David Campbell, CFO Tel: +44 (0) 1224 338383

Gavin Anderson & Company
Ken Cronin / Robert Speed Tel: +44 (0) 20 7554 1400


This information is provided by RNS
The company news service from the London Stock Exchange
END


For information about Modec:

http://www.modec.co.uk

Modec news article

New Electric Vans To Deliver Tesco Goods.


Tesco home shoppers can expect deliveries by a new concept electric vehicle van next year after the chain bought 15 of the environmentally friendly vehicles for its dot com service.

The vans do not emit CO2 and are powered by a battery that can cover over 100 miles on a single charge. UK manufacturer Modec, which will supply the vans, said it had interest from other food companies and delivery firms, particularly in London and the south east, because the vans don't need road tax or an MOT and are exempt from congestion charges as well as most parking restrictions.

"We've had hundreds of inquiries as people can see the benefits," said sales and marketing manager Geoff Reyner. "They can be refrigerated and with a top speed of 50mph, it's fast enough to make deliveries on time."

Tesco, which will start using the vans in the spring, said it would order more if trials proved successful. "They are very quiet - ideal for deliveries in residential areas," a spokeswoman said. (Autumn 2006)

Mmmmm

It's the idea that Modec could produce 700 vehicles a year, beginning Mar 2007, that gets me.

Price slightly off today: AXE Bid: 41p Offer: 45p Change: -1.5

Header edited to include article about Modec vehicles.

RNS from 30th Jan:

Axeon Holdings Plc - Holding(s) in Company
RNS Number:3945Q
Axeon Holdings Plc
30 January 2007


30 January 2007


Axeon Holdings plc


Axeon Holdings plc ('the Company') announces that it has received notification
from AXA Investment Managers UK Limited, that AXA S.A. and its group companies
have a revised interest in 3,044,472 Ordinary Shares of 5p each in the Company,
representing approximately 12.38% of the issued share capital.


These shares are represented by a beneficial interest of 1,044,482 shares
(approximately 4.25% of the issued ordinary share capital) and a non-beneficial
interest of 1,999,990 shares (approximately 8.13% of the issued ordinary share
capital).


The identity of each registered holder of the shares to which this notice
relates, so far as is known to AXA Investment Managers UK Limited, as at 19
January 2007, is as noted below:


Name of Company / Fund No of Shares Percentage of issued share capital


Sun Life Pensions Management Ltd 10,000 0.04
(Beneficial)


AXA Framlington
Framlington AIM VCT1 862,068 3.51
(Beneficial)


AXA Framlington
Framlington AIM VCT2 172,414 0.70
(Beneficial)


AXA Framlington
SEI UK Equity 399,990 1.63
(Non-beneficial)


AXA Framlington
UK Smaller Companies 1,600,000 6.51
(Non-beneficial)


Total 3,044,472 12.38%


End

RNS from 22nd Jan:

Axeon Holdings Plc - Development Contract
RNS Number:9307P
Axeon Holdings Plc
22 January 2007

22 January 2007


Axeon Holdings plc


Axeon wins first hybrid electric vehicle battery pack development contract


Axeon Holdings plc announces today it has won its first contract to develop a
lithium-ion (Li-ion) battery pack for a hybrid electric vehicle (HEV) programme.


The contract is to develop a 2KW Li-ion battery pack for a major European heavy
duty vehicle machinery manufacturer. Two prototype packs are planned to be
delivered during the early part of Q2 for customer evaluation and demonstration.


The heavy duty vehicle machinery sector is forecast, by IDTechEx, to be worth in
excess of $2.1 billion by 2010 to the hybrid market.


During 2006 Axeon successfully built its capability and customer pipeline in the
field of electric vehicle (EV) Li-ion battery packs and battery management
systems (BMS's). The programmes announced last year are moving into volume
production during 2007 demonstrating to customers that Li-ion cell technology is
now production ready and has both price and performance advantages over
competing cell chemistries.


Hamish Grant, Axeon CEO commented 'This contract win is an important step
forward for the Company. The requirements of HEV battery packs are quite
distinct from those of pure EV's. EV battery packs are designed with a high
storage capacity relative to current flow (charge/discharge rate). HEV battery
packs are designed and configured the other way round with a small storage
capacity relative to current flow. This makes the requirements of cells within
the battery and the battery management electronics materially different.


'We have also been investing heavily in developing the cell supplier
relationships and technical skills to be able to provide HEV Li-ion cell and BMS
battery pack capability. This development contract award is the first
recognition of that effort. The general concerns over global warming are
resulting in an increasing number of vehicle manufacturers evaluating HEV and EV
alternatives. We expect the number of opportunities and prototyping programmes
to expand during 2007.'

Trading statement out today:


Axeon Holdings Plc - Trading Update
RNS Number:9676Q
Axeon Holdings Plc
08 February 2007

8 February 2007


Axeon Holdings plc ('AXE')

2007 SIGNIFICANT CONTRACT WIN AND 2006 UPDATE

Axeon Holdings plc ('Axeon', or 'the Company') announces that its 2006 operating
result is in line with the board's expectations and has secured an additional
significant order for its small battery business.

Progress in small battery business

In the update of November 2006 we were able to announce the order worth 1.3
million for the first 50 battery packs for the Modec urban electric delivery
van. On 22 January 2007 we were able to announce the strategically important
order for a high power hybrid electric vehicle power pack. We are now pleased
to be able to announce a significant order for the small battery business.

This order is worth 300,000 for the design and supply of an initial production
quantity of rechargeable battery packs for a bath lift disability product.
Axeon is providing a turn-key design and manufacturing service to the customer,
Care Knight. The product has to operate in a safe, reliable manner in a humid
bathroom environment and Axeon is delighted that Care Knight should select it as
its design and manufacturing partner.

The product demonstrates that the new generation of powerful, reliable, light,
Lithium-ion cell technology is enabling new products and new markets. The
battery management system has been developed to address specific safety issues.

2006 Update

Turnover for the year to 31 December 2006 was approximately 2.5 million. This
represents more than a ten fold increase in turnover compared to the 2005
financial year and demonstrates the very significant progress of the business.
The operating result for the year is in line with the board's expectation at the
time of the November trading update. The preliminary announcement of the audited
results for the 2006 financial year will be made at the end of March.

Commenting on the announcement Hamish Grant, Chief Executive Officer of Axeon
said:

'During the last three months the Company has won significant orders across all
areas of its activity. We are particularly pleased that customers have
confidence in both our design and manufacturing capability. Our ability to
source leading edge Li-ion cell technology coupled with our advanced battery
electronics is enabling new products for new markets. The Board remains
committed to investing in product led research and development to expand
opportunities in other markets.

'We expect to be able to make further announcements on significant contract wins
during the coming months.'

AXE Bid: 45p Offer: 52p Change: 5.5

Looks good - I like the sound of more contract wins in the near future.

EDIT: on a top-of-my-head calculation, I think this co could easily break even or go profitable in the financial year Jan-Dec 2007. They seem to have a good ratio of gross margins and low expenses, plus a respectable net credit cash position. Much will depend on forthcoming orders, in particular whether Modec is able to sell any electric vehicles. However, the other divisions seem to be picking up business too, so this augurs well.

All IMHO, PDYOR etc.

Hi soul traders,

I have had a look at this one and it seems interesting I have added to the watch list! I have another one which I'm seriously considering (ORPK) was wondering if you get the opportunity to have a wee look and submit your well respected view?

Rgds,

Iankn73

Hi soul traders,

I spotted this article in the (TAN) forum regarding a company specialising on improving mobile battery technology by repacing the lithium or li-ion as its otherwise known which Axeon produces and may potentially have a longer term significance e.g. transferable technology to car batteries. Here is a copy of the article epic (CMF) if you havent already read:

CMR, a Cambridge based company which demonstrated the world's first 'compact mixed-reactant' DMFC
stack with power density of 200W/l in May 2005. At the London Grove Fuel Cell Symposium, in October, the
next stage of development was shown with higher volumetric power density. In the same month CMR
commenced work on an evaluation mobile phone DMFC stack with a major consumer electronics OEM.
New investors may have to wait till mid 2007 before the mass industrial promise begins to look credible, but
the company hopes to be displaying more advanced working devices and to be in mass production by end
2007. With traditional battery technology almost at a dead end, there is unsatisfied consumer and military
demand for more mobile power. CMR aims to produce higher power from packs of reduced size, weight and
cost, and thus to replace, lithium batteries to drive portable gear - chiefly lap tops, music players, portable
games players, mobile phones, cameras, and power tools.

The volume/output ratio of CMR's fuel cells is already far superior to existing batteries. Prices need to come
down, but volume production is expected to reduce them to an attractive level. Already there is improved
functionality over traditional batteries.

This one will certainly be added to the watch list.

Rgds,

Iankn73

Great stuff, Ian, thanks! And welcome aboard - it's nice to have somebody to talk to here :o)

Will have a look into it asap (am having a very busy time right now as I am in the process of moving from Germany to England!).

Great to see AXE's progress today.

AXE Bid: 60p Offer: 62p Change: 12.5 3.7 million shares traded.

Great article about Modec and Axeon on FT.com:

HERE

Here are the juicy bits of the article:

* Tesco will take 15 of the first vans to be built (we knew that already!!) and if they prove satisfactory the supermarket chains next order will be for 200.

**** That's potentially 4 million in sales for Axeon at 20,000 per battery unit.

* Modec is hoping to build 2,500 vehicles next year - which will see Axeon's revenues soar. (That would mean 50 million in revenues for AXE - if they take home a net profit of 5 mil, the co could be worth 70 mil at PE 14 which would make it a 4.6-bagger from current SP of 61p - that's 280p a share!)

* Modec's owner is also considering floating the company next year, whcih would presumably raise funds for capacity expansion.

I think these are up for a good rise tommorrow.... watch the trades

Clearly there's nothing wrong with your crystal ball, Tonk: AXE Bid: 72p Offer: 75p Change: 12.5 (high so far today was 84p, not far off the all-time high of 86)

but only about 52k traded today, according to FT.com. (In contrast to 3 million on Friday). Goes to show how illiquid this one is.

Still, it's a nice splash of green on the portfolio, and one that will hopefully continue to grow.

PDYOR, etc.

Axeon Holdings Plc - Modec Press Launch

RNS Number:5725S
Axeon Holdings Plc
08 March 2007


8 March 2007

Axeon Holdings plc ('AXE')

CREATING VALUE THROUGH GREEN ENERGY SOLUTIONS

Modec Press Launch


Axeon Holdings plc ('Axeon', or 'the Group'), the specialist provider of
advanced battery and battery management systems to the automotive and industrial
markets with the aim of reducing emissions, congratulates Modec on its press
launch today attended by The Rt. Hon. David Cameron MP for its new urban
delivery vehicle.


The Modec vehicle has a range of over 100 miles between charges, a capability of
carrying 2 tonnes and will deliver class leading performance and economy
combined with zero tailpipe emissions and extremely quiet operation.


In April 2006, Axeon announced it had signed heads of terms to become the
exclusive supplier of battery management systems and battery cassettes for
Modec's new vehicle.


Initially Axeon will supply battery cassettes using Sodium Nickel Chloride cells
and they are also developing a Lithium Ion ('Li-ion') alternative for
introduction later this year.


Both battery chemistries provides more than three times the energy density of
traditional lead acid batteries, enabling the Modec vehicles to operate at such
extensive intervals between charges.


Hamish Grant, Axeon CEO commented, 'I am delighted for Modec and congratulate
their founder Jamie Borwick and his team on achieving this milestone on time. I
am also heartened that blue chip companies such as Tesco have signed up to firm
orders; we look forward to an exciting and fruitful relationship.

Axeon Holdings Plc - Holding(s) in Company

RNS Number:6653S
Axeon Holdings Plc
09 March 2007


TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing Axeon Holdings plc
shares to which voting rights are attached(ii):

2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights ( )
An acquisition or disposal of financial instruments which may result in the acquisition of ( )
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights ( )
Other (please specify):Disclosure required following implementation of DTR rules ( X )

3. Full name of person(s) subject to the notification Aberdeen Asset Management PLC's Fund
obligation(iii): Management Operating Subsidiaries

4. Full name of shareholder(s) (if different from 3.)(iv): N/A

5. Date of the transaction and date on which the threshold is N/A
crossed or reached(v):

6. Date on which issuer notified: 08/03/2007

7. Threshold(s) that is/are crossed or reached: N/A

8. Notified details:


A: Voting rights attached to shares
Class/type of Situation previous to Resulting situation after the triggering transaction(vii)
shares the Triggering
transaction (vi)
if possible Number of Number of Number of Number of voting rights % of voting rights
using the ISIN Shares Voting shares ix
CODE Rights
viii Direct Direct x Indirect xi Direct Indirect

GB00B08X3Q76 N/A N/A 0 0 1,973,976 0 8%


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial Expiration date Exercise/ Conversion Number of voting rights % of voting
instrument xiii Period/ Date xiv that may be acquired if rights
the instrument is
exercised/ converted.


Total (A+B)
Number of voting rights % of voting rights
1,973,976 8%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14. Contact name: Robert Haggerty

15. Contact telephone number: 01224 425 266


--------------------------


This information is provided by RNS

A slight recovery after a couple of days of slippage. That's a bit of a nasty spread. though!

AXE Bid: 51p Offer: 58p Change: 1.5 Only 4,000 traded so far.

AXE Bid: 55p Offer: 60p Change: 4.5 now 269k traded.

Up this morning on good results and other news: AXE Bid: 55p Offer: 62p Change: 2