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

PHILADELPHIA, PA--(Marketwired - 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 mmccauley@phoenixcapitalresources.com.

About Phoenix:

For 30 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition. Phoenix Management Services^® provides turnaround, crisis and interim management, specialized advisory and operational due diligence services for both distressed and growth oriented companies. Phoenix Transaction Advisory Services℠ provides quality of earnings, management/organizational review, business integration, sell-side business preparation and other transaction related support. Phoenix Capital Resources^® provides seamless investment banking solutions including M&A advisory, complex restructurings and capital placements. Phoenix Capital Resources is a U.S. registered broker-dealer and member of FINRA and SIPC. Proven. Results^®.

If you would like to learn more about Phoenix, please visit http://www.phoenixmanagement.com/, http://www.phoenixcapitalresources.com/ or http://www.phoenixmanagement.com/phoenix-transaction-advisory-services/overview.