Axion Power(TM) Announces Dates of Its Fourth Quarter and Year-End 2009 Results and Conference Call

NEW CASTLE, Pa., March 25 -- Axion Power International Inc (OTC:AXPW) (BULLETIN BOARD: AXPW) , announced plans to release its fourth quarter and year-end 2009 results on Tuesday, March 30, 2010. The Company will hold a conference call that same day at 11:00 am ET. Interested parties should call 866-804-6922 (domestic) or 857-350-1668 (international), with passcode 26756887 to access the call. You may also access this call via the Internet at:

http://phx.corporate-ir.net/playerlink.zhtml?c=155732&s=wm&e=2976877

For those who are unavailable to listen to the live broadcast, a replay will be available for 30 days and can be accessed by dialing 888-286-8010 (domestic) and 617-801-6888 (international) and using passcode 87823892.

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 without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. 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
  Thomas Granville, CEO
  (724) 654 9300

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

  Len Hall (Media)
  len@allencaron.com
  (949) 474-4300