Advanced Lead Acid Battery
Development and Manufacturing




  •75,000 sq. ft. mfg facility   •55,000 sq. ft. new facility
SAFE HARBOR

Certain statements in this presentation are "forward-looking statements"
within the meaning of the Private Se...
EXPERIENCED
   MANAGEMENT TEAM

• Operating Management                                    • Independent Directors
     Tom...
TECHNOLOGY PLATFORM




Standard (Lead-Lead)

           Activated Carbon Electrodes




PbC® technology (Lead-Carbon)
COMPANY OVERVIEW


• Commercializing new Advanced Lead Acid Battery Technologies
    PbC® Technology (Lead Carbon)
       ...
HYBRID VEHICLES


MARKET DRIVERS
EU legislation on CO2 emission (2012: 160 to 120 g CO2/km for 65% of the fleet ramping to...
Example Micro Hybrid:
Saturn Vue
Limited Engine
Modification


• Starter/Alternator
  replaced with Integrated
  Starter/Generator
• Remarkably similar to
...
HYBRID VEHICLES

Hybrid                Propulsion source                    Fuel /    Applications
Types                  ...
EU CO2 Reduction and US
Café Requirements


         Region                Date                   % of Fleet   Requirement...
EU CO2 Reduction
Requirements

• Average Gasoline Carbon Content: 2,421 g/US Gallon1
• 1 Gallon Gasoline produces 2,421 X ...
EUROPEAN HYBRID VEHICLE
MARKET 2008-2013


                                MICRO              MILD         FULL        EV
...
Supplemental Slides
Lead Acid vs. PbC®
battery in Micro Hybrid

                                                            Time
             ...
AXION PowerCube™




• Axion has developed solutions for renewable energy and
  distributed utility grid energy storage wi...
AXION PowerCube™


• Utility/industrial energy storage device
    Up to 1 MW per cube
    Scalable up to 25 MW
• Applicati...
AXION PowerCube™

• Target Markets
     Utilities
     Grid based electrical energy storage
     Industrial energy storage...
CURRENT CUSTOMERS

Automotive Market
BMW ● FIAT ● FORD ● PSA ● Renault ● Suzuki ● Toyota ● VW ● VDA
Industrial and Motive ...
MILITARY APPLICATIONS

• Oct, 2008 Axion awarded $1.2 Million in Federal funding to
  develop PbC® batteries for Navy and ...
MANUCTURING PARTNER:
EXIDE


                  • Exide is one of the largest lead battery
                    manufactures...
MANUCTURING PARTNER:
EAST PENN




                       22
AXPW - INFORMATION


Symbol                                                   AXPW
Corporate Headquarters                 ...
AXPW - INFORMATION



                                                       Total        Insiders *


Common Stock       ...
SUMMARY

• Sales and manufacturing of conventional lead
  acid batteries
      Utilize current manufacturing capacity
    ...
CONTACT INFORMATION



      Axion Power International, Inc.
              New Castle, Pa
          Tel: +1-724-654-9300
 ...
2009 Axion Core Message
2009 Axion Core Message
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2009 Axion Core Message

  1. 1. Advanced Lead Acid Battery Development and Manufacturing •75,000 sq. ft. mfg facility •55,000 sq. ft. new facility
  2. 2. SAFE HARBOR Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements include, without limitation, statements concerning the Company's ability to expand its manufacturing capabilities and bring its new PbC® based battery products to market, the Company's belief that its completed products will be the only class of advance battery of its kind and that it will be a viable replacement for older generation lead-acid batteries. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk for the Company to complete its development work, as well as the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, and other risks and uncertainties affecting the Company), as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. We disclaim any intention or obligation to revise any forward- looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise. 3
  3. 3. EXPERIENCED MANAGEMENT TEAM • Operating Management • Independent Directors Tom Granville, CEO and Director Bob Averill, Director • 25 years as CEO and general partner in • Founder of three orthopedic implant contracting, real estate and investment companies entities Dr. Howard Schmidt, Director • Exec. Director Rice University Carbon Don Hillier, CFO Nanotechnology Lab • 20 years financial experience in public and Glenn Patterson, Director private companies engaged in manufacturing and service industries • Former CEO Oregon Electric, $130 million electric utility infrastructure contractor with a manufacturing division Dr. Edward Buiel, VP and CTO Stan Hirschman, Director • 12 years developing materials for lithium ion • President C Point, extensive public company and supercapacitor energy storage devices experience. • Former project leader of the Energy Storage Group at MeadWestvaco Dr. Igor Filipenko, Director • International entrepreneur with interests in more than a dozen companies worldwide Dr. Bob Nelson, VP of Manufacturing ranging from manufacturing to oil exploration • 30 years lead acid battery R&D and manufacturing Michael Kishinevsky, Director • Lawyer and entrepreneur. President of a carbon company S Walker Wainwright, Director • 30 years investment banking experience
  4. 4. TECHNOLOGY PLATFORM Standard (Lead-Lead) Activated Carbon Electrodes PbC® technology (Lead-Carbon)
  5. 5. COMPANY OVERVIEW • Commercializing new Advanced Lead Acid Battery Technologies PbC® Technology (Lead Carbon) • Higher performance • Less Lead = Less Weight • Significantly longer life • Faster recharge time • Higher cycle efficiency • Manufacturing Standard lead acid batteries • Contract manufacturing • Branded lead acid battery Manufacturing carbon electrodes • Target Markets HEV / EV / PEV Vehicles Hybrid Truck/Bus/Train Grid-based Energy Storage Truck Auxiliary Power Unit Military Applications
  6. 6. HYBRID VEHICLES MARKET DRIVERS EU legislation on CO2 emission (2012: 160 to 120 g CO2/km for 65% of the fleet ramping to 100% by 2015.) US legislation on mileage (2015: mileage from 20 to 35 miles/gallon) Car manufacturer required to improve fuel efficiency => New focus on MICRO HYBRIDS that will use ADVANCED LEAD ACID BATTERIES HYBRID VEHICLES ELECTRICAL VEHICLES CURRENT MICRO MILD FULL EV CARS Hybrid Hybrid Hybrid PHEV START/STOP+ FULL ELECTRIC DRIVE Full ELECTRIC DRIVE Example: START/STOP REGEN BRAKING CAPABILITY (Limited) 10-100+ MILES
  7. 7. Example Micro Hybrid: Saturn Vue
  8. 8. Limited Engine Modification • Starter/Alternator replaced with Integrated Starter/Generator • Remarkably similar to the standard alternator as shown in the picture • 2 electric machines replaced by 1 – almost cost neutral for the drive train
  9. 9. HYBRID VEHICLES Hybrid Propulsion source Fuel / Applications Types CO2 savings Micro ENGINE ONLY 5% to Audi A4 TDi Concept e hybrid Electric motors provide functions such as 15% BMW Ed ‘EfficientDynamics’ auxiliary power, starter/generator, Fiat 500 PUR-0² / Ford ECOnetic series managing engine stop/start and may or Hyundaï i20 Blue / Kia Cee’d ISG Stop&Go many not use regenerative braking to Mercedes ‘BlueEfficiency’ C class charge the battery Toyota Yaris /Auris Stop&Start Mild ENGINE + ELECTRIC MOTOR BOOST 15% to Audi A1 Sportback Concept hybrid Electric motor provides supplementary 25% BMW ActiveHybrid /Lexus HS torque to the gasoline or diesel engine, but Citroën C4 HYmotion2 / Honda Civic Hybrid is never the sole source of driving power Hyundaï Sante Fe Hybrid (up to 10% of the maximum engine power) Kia Cee’d/Soul Hybrid / Mazda Kiyora Mercedes BlueHybrid S Class Toyota Accord Hybrid Full ENGINE OR ELECTRIC MOTOR 25% to Chevrolet Volt hybrid or Vehicle can be driven by the electric motor 50% Ford Escape strong or the engine independently or together Honda Insight (electric motor provides around 40% of the hybrid maximum engine power as additional Toyota Prius torque) EV or ELECTRIC MOTOR 100% Bollore/Pininfarina B0 PHEV or Sole driving power source (no gas engine) Renault Zero Emission Concept Series Mini « E » / Mitsubishi iMiEV hybrid Toyota FT-EV / Venturi Voltage
  10. 10. EU CO2 Reduction and US Café Requirements Region Date % of Fleet Requirement US 2016 100 35.5* MPG Europe 2012 65 130 g CO2/km** Europe 2013 75 130 g CO2/km** Europe 2014 80 130 g CO2/km** Europe 2015 100 130 g CO2/km** Europe Long term (2020?) 100% 95 g CO2/km** *- Current US average fleet fuel economy = 20 MGP. **-130 g CO2/km = 42.4 MPG
  11. 11. EU CO2 Reduction Requirements • Average Gasoline Carbon Content: 2,421 g/US Gallon1 • 1 Gallon Gasoline produces 2,421 X 44/12 = 8,877 g CO2 • EU Requirement = 130 g CO2/km 8,877 g CO2/gal X 0.621 mile/km X 1 km/130 gCO2 = 42.4 mpg (based on US gallon, 48.7 miles/UK gal) • M = 5513 / C where M = mileage in mpg (US gallon) C = CO2 emissions per km (g CO2/km) 1 Source: US EPA
  12. 12. EUROPEAN HYBRID VEHICLE MARKET 2008-2013 MICRO MILD FULL EV Hybrid Hybrid PHEV Hybrid 2013: 17M Hybrid cars 80% 2013 13.6M Cars 2.0M Cars 2008: 1.1M 1.2M 2008 Cars 0.56M Hybrid cars 0.4M Cars Cars 12% <1% 7% Source: Valeo
  13. 13. Supplemental Slides
  14. 14. Lead Acid vs. PbC® battery in Micro Hybrid Time Charge Energy Between Current Efficiency Start/Stop Cost Max Level (Max) (%) Events3 ($) of Hybrid VRLA 20 301 500 s 150 Micro PbC® battery 150 84 24 s 250 Mild (Present) PbC® battery 200 90 17 s 300 Full (Future) 1,500 - NiMH 200 90-602 17-25 s Full 4,8004 1 Source: Ford Motor Company 2 NiMH end of life power performance degrades with time 3 Based on 3,000 A S discharge, time required to recover discharged energy 4 $1,561 (Nissan Altima NiMH Hybrid) and $4,770 (Saturn Vue NiMH Hybrid) Cost Premiums (Source Deutsche Bank)
  15. 15. AXION PowerCube™ • Axion has developed solutions for renewable energy and distributed utility grid energy storage with the PowerCube™, an advanced Battery Energy Storage System (BESS). 16
  16. 16. AXION PowerCube™ • Utility/industrial energy storage device Up to 1 MW per cube Scalable up to 25 MW • Applications Power quality Power arbitrage Outage protection
  17. 17. AXION PowerCube™ • Target Markets Utilities Grid based electrical energy storage Industrial energy storage Renewable Military • Economics DOE/Sandia target < 1,000 $/KW PowerCube < 1,000 $/KW total installed cost • PbC Battery <500 $/KW Other battery technologies > 1,000 $/KW total installed cost • Most other advanced batteries > 1,000 $/KW • Traction Proposals out: 4 demonstration facilities (250-3,000 KW) Projects: 2 approved, 2 under review
  18. 18. CURRENT CUSTOMERS Automotive Market BMW ● FIAT ● FORD ● PSA ● Renault ● Suzuki ● Toyota ● VW ● VDA Industrial and Motive Power Market John Deere ● Ingersoll Rand ● Ryder ● Penske ● AT&T ● Bell Canada Crown Equipment ● Emerson Network Power ● Norfolk Southern Corp Lockheed Martin ● York Electro-Mechanical Corporation Wind Energy Storage Market Utility Grid Support Market PV Storage Market Industrial UPS Market
  19. 19. MILITARY APPLICATIONS • Oct, 2008 Axion awarded $1.2 Million in Federal funding to develop PbC® batteries for Navy and Marine Corps Vehicle Applications 20
  20. 20. MANUCTURING PARTNER: EXIDE • Exide is one of the largest lead battery manufactures in the world • Exide currently sells to virtually all automotive OEM’s • Axion’s PbC® Battery is an enabling technology for more efficient micro and mild hybrid vehicle technologies VRLA fails cycle life and efficient targets Other advanced batteries are significantly more expensive and require significant vehicle modification • Axion will sell PbC® electrodes to Exide Possibly license technology later
  21. 21. MANUCTURING PARTNER: EAST PENN 22
  22. 22. AXPW - INFORMATION Symbol AXPW Corporate Headquarters New Castle, PA Stock Price (09/03/09) || 52-Week Range $2.35 || $0.87 – 2.75 Shares Outstanding (06/30/09) 26,453,437 Market Capitalization $62M Volume (daily 90-day average) 18,028 Debt (06/30/09) $0 Cash (06/30/09) $950,013 Insider Ownership 59% Institutional Ownership Shares 47% Full-time Employees 51 Fiscal Year Dec 31 Accounting Firm Rotenberg & Co., LLP 23
  23. 23. AXPW - INFORMATION Total Insiders * Common Stock 26,453,437 16,500,330 Convertible Preferred Stock 9,355,276 6,026,388 (assuming full conversion into common) Common Stock Purchase Warrants 14,128,772 11,273,536 (average exercise price $2.91) Common Stock Purchase Options 1,911,905 1,335,455 (average exercise price $2.98) Fully Diluted (after receipt of $46,803,451. in warrant and 51,918,140 34,135,709 option exercise proceeds) * Officers, Directors and 5% or greater stockholders
  24. 24. SUMMARY • Sales and manufacturing of conventional lead acid batteries Utilize current manufacturing capacity • Contract manufacturing • Axion branded batteries • Sales and manufacturing of Axion PbC® batteries Fulfill funded and internal projects Manufacturing carbon electrodes • Pursue military contracts • PowerCube™ development and sales • Leverage Exide and East Penn relationships for HEV applications • Continue to explore government grant opportunities 25
  25. 25. CONTACT INFORMATION Axion Power International, Inc. New Castle, Pa Tel: +1-724-654-9300 www.axionpower.com Stephanie Ellsworth sellsworth@axionpower.com

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