Axion Power Achieves Two New Patents for Proprietary PbC® Technology bringing their total US Patents to 15

NEW CASTLE, Pa., Aug. 10, 2016 /PRNewswire/ -- Axion Power International Inc. (OTCQB: AXPW), earlier this year, was awarded their 14^th and 15^th patents, while in June one of the same patents was granted in China, bringing their total patents in China to four.

In February, Axion Power was granted U.S. patent #9,251,969 for the process used to manufacture lead carbon sheets for the negative electrode. The same patent was granted in China as #ZL201280032855.1 on June 22. Axion holds four patents in China, as well as in 12 other countries outside of the U.S.

U.S. Patent #9,350,024 was granted May 24 and covers the lead carbon battery current collector shielding component with ported packets used in production of Axion Power's PbC^® Batteries.

Axion Power produces the only batteries with an all-carbon negative electrode PbC Batteries are reliable, recharge quickly, will operate in a partial state charge, offer a longer cycle life than typical lead-acid batteries, are safe and maintenance free and nearly 100 percent recyclable.

"Securing the necessary patents is important as we maintain sole rights to the components and processes required to produce our batteries using PbC^® Technology," said Richard Bogan, CEO, Axion Power. "We are currently in discussions and reviewing opportunities around the globe for this proprietary technology."

Axion Power is currently in discussions to bring PbC Technology to the Peoples Republic of China. These negotiations were first announced in 2015 and have continued to date. Recently Axion Power shipped a quantity of PbC Batteries for prototype development and testing.  In addition to the four patents currently held in China, Axion Power has one patent pending in that country as well.

About Axion Power International, Inc.
Axion Power is a technology leader in lead-carbon energy storage. Axion's patented lead carbon battery is the only advanced battery technology with an all carbon negative electrode. Axion's negative electrodes are designed to be directly substituted for lead acid negative electrodes producing the unique benefits of the Axion carbon technology. Axion Power's primary goal is to become the leading supplier of carbon electrode assemblies for lead-acid battery companies around the world. For more information, visit 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.

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SOURCE Axion Power International, Inc.

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