Plug-in Hybrid Electric Vehicles and their Prospective Batteries

NEW CASTLE, Pa., May 18 /PRNewswire-FirstCall/ -- Axion Power International Inc (OTC Bulletin Board: AXPW), the developer of advanced PbC® batteries, today announced that its CTO, Dr. Edward Buiel, is scheduled to present in the EC Capacitor Storage System Application Session of the AABC 2010 being held this week at the Omni Orlando Resort, Orlando Florida from May 17 - 21. The presentation will be at 10:00 am Wednesday, May 19.

Dr. Buiel will discuss how Axion's lead carbon PbC Technology™ overcomes many of the barriers facing conventional lead acid AGM batteries, thus opening the doors to several potential markets for Axion's PbC® batteries.

Axion Power is positioned to become a leading provider of low-cost batteries for 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 also continues to pursue various military applications in keeping with their DoD contract and with other military opportunities.

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 capacity, is to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry.

For more information, visit www.axionpower.com

Contacts


Axion Power International Inc

Thomas Granville, CEO

(724) 654 9300


Allen & Caron Inc

Rudy Barrio (Investors)

r.barrio@allencaron.com

(212) 691-8087


Len Hall (Media)

len@allencaron.com

(949) 474-4300



SOURCE Axion Power International Inc