NEW CASTLE, Pa., July 22 /EMWNews/ -- 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&Heari

ng_ 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                     [email protected]

              [email protected]

              [email protected]