Batteries for Micro Hybrid Electric Vehicles

NEW CASTLE, Pa., June 15 /PRNewswire-FirstCall/ -- Axion Power International Inc (OTC Bulletin Board: AXPW), a leading developer of advanced lead-carbon PbC(R) batteries, today announced that its CTO, Dr. Edward Buiel, presented a comprehensive product update to delegates from around the world at the recent AABC and Symposia 2009, held at the Long Beach (CA) Convention Center, June 8 - 12, 2009.

Axion Power recently signed a wide-ranging testing and distribution pact with Exide Technologies, and that agreement has focused attention on Axion's PbC Technology(TM) and on their proprietary lead carbon product line. Axion is positioned to become a leading provider of low-cost batteries for certain types of hybrid electric vehicles, particularly those classed as "micro" and "mild" hybrids. This is in addition to Axion's energy storage solutions for the even larger markets that encompass power quality, grid balancing, peak shaving, and the storage of energy from off-grid renewable sources of energy such as wind and solar. Axion will also continue to pursue various military applications in keeping with their DoD grant and with other military opportunities.

According to the presentation, and other conference information, Micro Hybrids are expected to dominate the European hybrid market and by 2013 will hold a forecasted 80% of the total EU market for hybrids.

Dr. Buiel discussed the results of testing Axion's PbC battery under standardized HEV testing cycles. He said that the PbC battery overcomes many of the problems facing conventional lead acid batteries in micro/mild hybrids and, because it shares the same case/cover format as a conventional lead acid battery, the PbC will be much easier to integrate into vehicles than will any of the other advanced battery technologies. He also presented graphic displays of the strong performance differences between VRLA batteries, carbon additive batteries, and Axion's PbC battery. These differences will make PbC particularly well suited for Micro and Mild hybrid applications. In addition to the many performance characteristics that compare favorably with the better-known NiMH and Li-ion batteries, but at a much lower cost, Buiel said that Axion PbC batteries also have many other advantages that include ease of manufacturing, lower cost per KW hour, and proven recyclability backed by decades of near-100% recycling of lead from automobile batteries.

Dr. Buiel said, "We're pleased to have been a part of this conference. It gave us an ideal opportunity to share some of the results of our recent research and testing of PbC products aimed at the hybrid automotive market. It also gave us the opportunity to obtain direct feedback from our peers, - particularly the automotive OEMs. We were also delighted to learn that hybrid vehicle production will likely increase dramatically over the next few years due largely to the new European emissions legislation and the similarly proposed US legislation. As early as 2013, we could see as many as 17 million hybrid vehicles being produced on an annual basis, for the European market alone. The US is projected to follow a similar path shortly thereafter."

The conference exceeded all prior records with over 900 delegates from 5 continents and over 400 companies, 80 presentations, and 56 exhibit booths.

More information about the conference can be found at: www.advancedautobat.com

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 is 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 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 future goal, after filling their plant's lead-carbon battery production, is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry.

For more information, visit www.axionpower.com.

    Contacts
    Axion Power International
    Kelly Gubish
    kgubish@axionpower.com
    (724) 654 9300
    Allen & Caron Inc
    Rudy Barrio (Investors)
    r.barrio@allencaron.com
    (212) 691-8087
    Brian Kennedy (Media)
    brian@allencaron.com
    (212) 691-8087

SOURCE Axion Power International, Inc.