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October 21, 2015

Phoenix Capital Resources Engaged as Financial Advisor to Axion Power International, Inc.

Philadelphia (October 21, 2015) —- Phoenix Capital Resources has been engaged as financial advisor in connection with identifying strategic partners and commercial partnering alternatives for Axion Power International, Inc. (“Axion”). Located in New Castle, PA, Axion is a publicly traded company on NASDAQ under the symbol AXPW.

Since 1999, Axion has been engaged in research and development of a new energy storage technology that combined the energy storage properties of lead-acid batteries with the power and greater useful life properties of carbon based super capacitors. This research and development resulted in a new battery technology called PbC® (or proprietary carbon electrode) that has been successfully tested and purchased by certain customers. Axion has invested more than $25 million in developing its PbC® technology and is in the early stage of bringing its products to market.

Axion is seeking strategic partners interested in licensing and marketing its proprietary technology into industries such as Frequency Regulation related to Power Grid Stabilization; Hybrid Medium and Heavy Duty Trucks; Hybrid Stop- Start Technology; Hybrid Locomotives; Backup and Support for Renewable Energy; Residential/Small Community Storage; as well as other applications.

If you are interested in learning more about this opportunity, please contact Michael J. McCauley, President of Phoenix Capital Resources, at (484) 841-6810 or

About Phoenix:

For over 30 years, Phoenix has been effectively implementing operationally focused business solutions for middle-market companies across all economic situations. Our three service groups work together as stabilizing pillars to deliver creative solutions to unique business challenges. Phoenix Management Services® provides hands-on turnaround management assistance, complex restructurings, crisis and interim management, liquidity management and forecasting, and operational solutions. Phoenix Transaction Advisory Services provides quality of earnings review, management/organizational review, business integration, sell-side business preparation and other transaction related support. Phoenix Capital Resources® provides special situation banking solutions including M&A advisory, private placements of debt and equity, and complex balance sheet restructurings. Phoenix Capital Resources is a U.S. registered broker-dealer and member of FINRA and SIPC. Proven. Results.®

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