Last $0.09 USD
Change Today +0.0009 / 1.01%
Volume 496.0K
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As of 5:20 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

axion power international (AXPW) Snapshot

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03/10/14 - $0.23
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axion power international (AXPW) Details

Axion Power International, Inc. is engaged in the design, development, manufacture, and sale of advanced energy storage devices, components, and systems based on its patented PbC Technology. Its PbC batteries and components are used in energy system storage functions. The company also manufactures standard and specialty lead-acid batteries. Axion Power International, Inc. was founded in 2003 and is based in New Castle, Pennsylvania.

83 Employees
Last Reported Date: 08/8/14
Founded in 2003

axion power international (AXPW) Top Compensated Officers

Interim Chief Financial Officer, Director and...
Total Annual Compensation: $169.6K
Chief Operating Officer
Total Annual Compensation: $219.0K
Senior Vice President of Business Development...
Total Annual Compensation: $247.5K
Total Annual Compensation: $418.0K
Compensation as of Fiscal Year 2013.

axion power international (AXPW) Key Developments

Axion Power to Showcase its Proprietary PbC Battery Technology at the Battery Show 2014

Axion Power International Inc. announced that it will showcase its patented PbC technology and the advantages it believes its PbC batteries provide to electric and hybrid vehicles at the Electric & Hybrid Vehicle Technology Conference and The Battery Show 2014 being held September 16-18, 2014 in Novi, MI. Mike Romeo, Axion Power's Manager of Research and Development. Also featured at the conference will be ePower's modified Sterling day cab tractor, a heavy duty Class 8 truck that includes an engine-dominant hybrid drivetrain for long-haul trucking, a diesel electric generator and Axion's PbC batteries. The design utilizes a string of 56 PbC batteries in the trucks to assist in powering the series diesel electric hybrid drive train system. The batteries provide a complementary power source, and assist in equalizing fuel consumption over various terrains and distances and in varying driving conditions. The Battery Show 2014 is the premier showcase of the latest advanced battery technology. The exhibition hall offers a platform to launch new products, make new contacts and maintain existing relationships. With more qualified buyers and decision makers than any other event in North America, The Battery Show 2014 is the key to unlocking future business opportunities. The Battery Show is attended by technical leaders, scientists, engineers, project leaders, buyers and senior executives concerned with advanced energy storage and will host the very latest advanced battery solutions for electric & hybrid vehicles, utility & renewable energy support, portable electronics, medical technology, military and telecommunications.

Axion Power International, Inc. Announces Management Changes

Axion Power International Inc. announced that its Board of Directors has appointed veteran operating and financial executive, David T. DiGiacinto, to be its Chief Executive Officer, effective from July 1, 2014. The Board elected Mr. DiGiacinto its Chairman; he was appointed to the Board in February 2014. Mr. DiGiacinto replaces longtime Axion Power Chairman and CEO, Thomas Granville, who is stepping down to address a significant health problem. Mr. Granville has signed a new 3 year employment contract to serve as special assistant and liaison to the CEO and will continue to work out of the New Castle office. He will also remain on the Board.

Axion Power International Obtains Shareholder Approval for Amendment to its Certificate of Incorporation

Axion Power International's shareholders have authorized the company's Board of Directors to (i) effectuate, in its discretion, an amendment to its Certificate of Incorporation, as amended, to effectuate a reverse stock split of its issued and outstanding common stock, par value $0.0001 per share, by a ratio of no less than one-for-twenty (such that for every twenty shares issued and outstanding prior to such split one share will remain after such split) and no more than one-for-fifty (such that for every fifty shares issued and outstanding prior to such split one share will remain after such split) at any time prior to December 31, and (ii) reduce the authorized number of shares of Common Stock from 350 million to 100 million upon effecting a Reverse Split (Reduction in Authorized Shares).


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