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Axion Power is Granted Additional Patent on Core Supercapacitor Technology

NEW CASTLE, Pa. Feb. 14, 2011 Axion Power International, Inc.

Thomas Granville Europe

Axion Power is working with several automotive companies, as well as with Norfolk Southern, the US military and other developers of renewable/sustainable technologies, as they look to obtain broad acceptance of their PbC technology.  

February 24th [email protected]

About Axion Power International, Inc.

North America

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 utilizing Axion’s proprietary carbon electrodes. 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.

www.axionpower.com

Forward-looking Statements

Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk for the Company to complete its development work, as well as the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, and other risks and uncertainties affecting the Company), as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov . We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.

Contacts

Axion Power International, Inc.

Thomas Granville, CEO

(724) 654 9300

Allen & Caron Inc

Rudy Barrio (Investors)

[email protected]

(212) 691-8087

Len Hall (Media)

[email protected]

(949) 474-4300

SOURCE Axion Power International, Inc.

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