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Last $0.10 USD
Change Today +0.021 / 28.38%
Volume 13.9M
AXPW On Other Exchanges
As of 8:10 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

axion power international (AXPW) Snapshot

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Day High
Day Low
52 Week High
07/8/14 - $8.00
52 Week Low
04/7/15 - $0.03
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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axion power international (AXPW) Details

Axion Power International, Inc. designs, develops, manufactures, and sells advanced energy storage devices, components, and systems based on its patented PbC Technology. Its PbC batteries and battery components are used in various energy system storage functions. The company was founded in 2003 and is based in New Castle, Pennsylvania.

40 Employees
Last Reported Date: 04/15/15
Founded in 2003

axion power international (AXPW) Top Compensated Officers

Chief Financial Officer and Director
Total Annual Compensation: $26.0K
Chief Operating Officer
Total Annual Compensation: $219.6K
Senior Vice President of Business Development...
Total Annual Compensation: $247.5K
Total Annual Compensation: $269.5K
Compensation as of Fiscal Year 2014.

axion power international (AXPW) Key Developments

Axion Power International, Inc. Amends Articles of Incorporation

Axion Power International Inc. amended its articles of incorporation, effective July 14, 2015, to effect a 35-for-1 reverse split of its issued and outstanding common stock.

Axion Power International, Inc. Signs Letter of Intent for Technology Development and Licensing Program with LCB International, Inc

Axion Power International Inc. announced that it signed a binding Letter of Intent (LOI) for a technology development and licensing program with LCB International Inc. ('LCB'). The LOI defines and confirms the intent of the parties to execute the final agreements within 60 days of the signing the LOI. These agreements will grant LCB the right to manufacture and sell PbC batteries and other Axion products on an exclusive basis in the People's Republic of China, Taiwan, Macao and Hong Kong ("Territory"). Axion will receive a non-refundable payment of $250,000 immediately, and further staged payments after final agreements are signed. Under the terms of the LOI, Axion would receive an aggregate of up to $10 million over a period of two years in a combination of technology license fees, the sale of convertible preferred stock and senior convertible notes. Axion would also be paid royalties for the longer of the last to expire patent licensed or up to 15 years. Due to the significance of the terms and conditions in the LOI, which are to be incorporated into the final agreements; approvals will be needed from Axion Power shareholders for the potential issuance, upon future fixed-price conversion of the preferred stock and convertible notes, of shares amounting to more than 20% of the Company's issued and outstanding shares. Such approvals will be sought, while Axion and LCB are negotiating the final detailed agreements required by the LOI.

Axion Power International, Inc. Announces Resignation of Donald Farley as A Member of the Compensation Committee of the Board of Directors

Axion Power International Inc. announced that Donald Farley resigned as a member of the Compensation Committee of the Board of Directors of the company on June 1, 2015. Mr. Farley's resignation enables the company to have a Compensation Committee composed solely of independent directors and affords him the ability to focus on his increased executive duties for the company.


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