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backup

Battery Backup 12v

Hello, I wanted to add a battery backup to a Picaxe circuit so when the AC main fails the power will switch from the AC-DC transformer to a 12v battery which is then lowered to 4.5v to power the PICAXE board.

after some research I found this circuit which seems pretty simple and I wanted to know if you people think its good or will I have fried PICAXE for dinner.

Thanks in advance!  :D