Axion to Discuss Battery Advances for Electric Vehicles at Hearing of US Senate Committee...

Axion to Discuss Battery Advances for Electric Vehicles at Hearing of US
Senate Committee on Energy and Natural Resources

NEW CASTLE, Pa., July 22 /PRNewswire-FirstCall/ -- Axion Power
International, Inc. (EBB: AXPW), announced today that it has accepted an
invitation to appear as a witness at a Full Committee Hearing by the United
States Senate Committee on Energy and Natural Resources. The purpose of the
hearing is to review the status of existing federal programs targeted at
reducing gasoline demand in the near term as well as to discuss additional
proposals for near term reductions.
Thomas Granville, Chief Executive Officer, and Dr. Edward Buiel, Vice
President and Chief Technical Officer at Axion Power International, Inc. will
testify at the hearing, which is scheduled to take place on Wednesday, July
23, 2008 at 09:45 AM.
Dr. Buiel will specifically discuss advances in battery development for
vehicles, both Advanced Lead Acid and Li-ion. He will also discuss Axion's
visions for both the electrification of the transportation system and the near
term retrofitting of millions of inefficient vehicles to Electric Vehicles
through the use of Advanced Lead Acid battery technology.
You may access further information and a live webcast to this hearing via
the Internet at:
(Due to the length of the URL, please copy and paste into browser)
http://energy.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_
ID=2ddbaa2a-d364-9134-b5a0-530960184930
About Axion Power International, Inc.
Axion has developed and patented a next generation energy storage device
that won the prestigious 2006 Frost & Sullivan Technology Innovation 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."
PbC(TM) batteries use sophisticated carbon electrode assemblies to replace
the simple lead-based negative electrodes used by other lead-acid battery
manufacturers. The resulting device offers energy storage approaching lead
acid batteries, coupled with far longer cycle life and power output
approaching super-capacitors. These low-cost devices recharge rapidly and are
environmentally friendly because they use 40% less lead. Axion has been
producing prototype PbC batteries at its lead-acid battery plant in New
Castle, Pennsylvania for more than a year using the same cases, positive
electrodes, separators, electrolytes and manufacturing equipment used in its
other lead-acid battery lines. The only notable manufacturing difference is
the use of Axion's proprietary carbon electrode assemblies instead of
lead-based negative electrodes.
Axion's goal is to become the leading supplier of carbon electrode
assemblies for the lead-acid battery industry.
Contact: Allen & Caron Axion Power International, Inc.
http://www.allencaron.com http://www.axionpower.com
Rudy Barrio (investors) Kelly Gubish
Brian Kennedy (media) 724 654 9300
212 691 8087 kgubish@axionpower.com
r.barrio@allencaron.com
brian@allencaron.com

SOURCE Axion Power International, Inc.

Investors, Rudy Barrio, r.barrio@allencaron.com, Media, Brian Kennedy,
brian@allencaron.com, both of Allen & Caron, +1-212-691-8087; or Kelly Gubish
of Axion Power International, Inc., +1-724-654-9300, kgubish@axionpower.com