Axion Power International Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. The company’s new PbCA batteries won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries.

The company today reported results for its third quarter and nine months ended September 30, 2009. Sales for the third quarter were $962,833 versus only $149,441 in the 3rd quarter last year, while sales for the first nine months of 2009 were $1.6 million versus only $541,298 for the first nine months of 2009. Axion did show a loss for the first nine months of 2009 totaling $23.5 million, however, over $13.5 million of that total was due to SEC mandated changes on certain derivative securities.

During the third quarter, the company completed an initial phase in its four-year global supply agreement with Exide Technologies. Axion will supply PbCA batteries and other Axion

Companies featured in this edition of the newsletter: ACTC, CVM, CUR, DKAM, FMTI, ICLK, IMUC, IWEB, OMCM, ONEZ, SIHI, TAGS

Markets took pause from their four week run this week, as some less than encouraging economic reports coupled with profit taking led to slight declines in all of the major indices. All told, the Dow ended the week down 0.5%, surrendering 48 points to close at 9321, bringing its YTD gains to 6.2%. The Nasdaq was off 0.7%, closing at 1985, up a healthy 25.9% on the year, while the S&P 500 and Russell 2000 were down 0.6% and 1.5% respectively, paring their yearly gains to 11.2% and 12.9%.

Disappointing economic data relating to inventories and consumer sentiment soured the mood for much of the week, as worse than expected declines in retail sales, consumer sentiment, and business and wholesale inventories gave investors cause for concern. Retail sales

GigOptix Inc., a leading provider of electronic engines for the optically connected digital world, announced this morning before the opening bell that their contract with DARPA MTO has been extended. Under the terms of the agreement, low driving voltage, broadband Mach-Zehnder (MZ) modulators will be fabricated using GigOptix’s Electro-Optic (EO) polymer material for operation at very low temperatures for applications in supercomputers. The extension increases the total value of the contract to approximately $6.1M and opens new areas of use.

“Due to their intrinsic properties, the EO materials incorporated in GigOptix’s high speed polymer modulators have the potential to operate not only with low driving voltage but also at very low temperatures. Our technology is capable of effectively addressing all these requirements simultaneously,” said Dr. Raluca Dinu, Vice President and General Manager of GigOptix-Bothell business unit.

He added, “We are excited that GigOptix’s EO polymer technology has once more proven its

There are some products and services that the world’s economy needs in order to operate. They are essentially ‘the food’ that makes the market “go.” These products are one of the safer havens that investors can rely on when economic times are difficult. This is not to suggest that these products do not suffer a bit in lean times, but they do fair a bit better or go down less in value then other discretionary products or services. An investor that can find these products or services is one that will have found a solid and relatively safe product category in difficult times.

Liquidmetal Technologies inc., a coatings and casings manufacturer and marketer, works to provide industrial coatings and casing components to business. Its primary customer base includes oil drillers, electronics manufacturers, coal fired power plants, sporting goods manufacturers, medical device manufacturers and defense applications.

The vast array of products that