The Premier Financial Conference for Public Technology Companies Now Presents Alternative Energy & Green Tech Companies

NEW CASTLE, Pa., Oct. 15 /PRNewswire-FirstCall/ -- Axion Power International, Inc. (OTC Bulletin Board: AXPW), a leading developer of advanced lead-carbon "PbC"(TM) batteries, today announced that Thomas Granville, CEO will present at The AeA Classic Financial Conference in San Diego, CA on Tuesday, November 4 and Wednesday, November 5. This event will be held at the Manchester Grand Hyatt in San Diego, CA.

The 9 presentations will take place during Session 2 on the afternoon of November 4 and the morning of November 5. Management will discuss the Company's business strategy and Axion's advanced PbC, embossed-grid and carbon additive technologies products. The resulting energy storage products can be manufactured in existing lead-acid battery manufacturing facilities using existing lead-acid battery equipment. The new proprietary PbC energy storage device has unique performance characteristics due to the use of an activated carbon negative electrode that replaces the lead negative electrode found in lead-acid batteries.

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More information about the AeA can be found at: www.aeanet.org

About AeA

AeA (formerly the American Electronics Association), founded in 1943, is a nationwide non-profit trade association that represents all segments of the technology industry and is dedicated solely to helping our members' top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels; providing access to capital and business opportunities; and offering select business services and networking programs.

About Axion Power International, Inc.

Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that was not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

Axion Power International Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion is producing prototype PbC batteries in small quantities at its plant in New Castle and believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's eventual goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit www.axionpower.com.

    Contact:   Allen & Caron               Axion Power International, Inc.
www.allencaron.com          www.axionpower.com
Rudy Barrio (investors)     Kelly Gubish
r.barrio@allencaron.com     kgubish@axionpower.com
212 691 8087                724 654 9300
Brian Kennedy (media)
brian@allencaron.com