Axion Confirms 2013 Annual Meeting of Stockholders
NEW CASTLE, Pa., Sept. 16, 2013 /PRNewswire/ -- Axion Power International, Inc., (OTC QB: AXPW), the developer of advanced lead-carbon PbC® batteries and energy storage systems, today confirmed that its 2013 Annual Meeting of Stockholders will convene at 10:00 am on Thursday, September 26, 2013 at the New Castle Country Club, 511 Club Drive, New Castle, Pa.
Following the meeting, beginning at approximately 1:00 pm, the Company will provide tours of the nearby Clover Lane and Greenridge plant facilities. In addition, a cocktail reception beginning at 5:30 pm will be held at the New Castle Country Club.
Mr. Thomas Granville, Chief Executive Officer, will provide a general business update to the stockholders with individual presentations to follow.
During the meeting, stockholders will be asked to consider and vote on proposals to:
- Elect two directors, Thomas Granville and Charles R. Trego to serve until the expiration of their three-year term and thereafter until their successor has been duly elected and qualified;
- Ratify the selection of EFP Rotenberg, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2013;
- Amend the Company's Certificate of Incorporation to increase the number of authorized shares of Common Stock from 200 million to 350 million;
- Transact such other business as may be properly brought before the Annual Meeting and any adjournment or postponement thereof.
Holders of record of the Company's common stock at the close of business on Monday, July 29, 2013 are entitled to vote at the Annual Meeting. A copy of the Proxy Statement for the Annual Meeting has been mailed to stockholders. An electronic version of the Proxy Statement is available on the Company's website at www.axionpower.com.
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 has not been 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 carbon energy storage technologies. Axion believes its new PbC battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world utilizing Axion's proprietary activated carbon electrodes. 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
Axion Power International Inc.
Thomas Granville, CEO
(724) 654 9300
Len Hall (Media)
SOURCE Axion Power International, Inc.