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Axion Power Announces Results Of AGM





NEW CASTLE, Pa., June 26, 2012 /PRNewswire/ -- Axion Power International, Inc. (OTCBB:  AXPW) today announced that it held its 2012 Annual Meeting of Stockholders ("AGM") Thursday, June 21, 2012 in New Castle as scheduled.  A quorum of stockholders was present in person or by proxy.

With 85.8 million total shares voted at the 2012 AGM, shareholders overwhelmingly approved the re-election of D. Walker Wainwright to the Company's Board of Directors and the re-appointment of EFP Rotenberg, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2012.

Axion Power Chairman and CEO Thomas Granville said, "He appreciated the continued support of shareholders during the year."

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 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.

For more information, visit www.axionpower.com.

Contacts

Axion Power International, Inc. Charles Trego, CFO ctrego@axionpower.com(724) 654-9300  

Allen & Caron, Inc . Rudy Barrio (Investors) r.barrio@allencaron.com (212) 691-8087

 

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