About Axion Power International, Inc.

Axion has developed and patented a next generation energy storage device that won the prestigious 2006 Frost & Sullivan Technology Innovation Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC(TM) batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that was not well-suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

PbC batteries use sophisticated carbon electrode assemblies to replace the simple lead-based negative electrodes used by other lead-acid battery manufacturers. The resulting device offers energy storage approaching lead-acid batteries, coupled with far longer cycle life and power output approaching super-capacitors. These low-cost devices recharge rapidly and are environmentally friendly because they use up to 40% less lead depending on the application. Axion has been producing prototype PbC batteries at its lead-acid battery plant in New Castle, Pennsylvania for more than a year using the same cases, positive electrodes, separators, electrolytes and manufacturing equipment used in its other lead-acid battery lines. The only notable manufacturing difference is the use of Axion's proprietary carbon electrode assemblies instead of lead-based negative electrodes.

Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry.

    Contact:   Allen & Caron            Axion Power International Inc.
               www.allencaron.com       www.axionpower.com
               Rudy Barrio (investors)  Kelly Gubish
               Brian Kennedy (media)    724 654 9300
               212 691 8087             kgubish@axionpower.com
               r.barrio@allencaron.com
               brian@allencaron.com

SOURCE Axion Power International, Inc.

http://www.axionpower.com

More information about the conference can be found at: http://www.mcfco.com

About Merriman Curhan Ford

Merriman Curhan Ford (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions who invest in them. The company offers high-quality investment banking, equity research, institutional services, primary market research, asset management and corporate & venture services, and specializes in four growth industry sectors: CleanTech, Consumer/Internet/Media, Health Care and Tech/Telecom. For more information, please go to http://www.mcfco.com.

About Axion Power International, Inc.

Axion has developed and patented a next generation energy storage device that won the prestigious 2006 Frost & Sullivan Technology Innovation 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 was not well-suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

PbC(TM) batteries use sophisticated carbon electrode assemblies to replace the simple lead-based negative electrodes used by other lead-acid battery manufacturers. The resulting device offers energy storage approaching lead-acid batteries, coupled with far longer cycle life and power output approaching super-capacitors. These low-cost devices recharge rapidly and are environmentally friendly because they use less lead. Axion has been producing prototype PbC batteries at its lead-acid battery plant in New Castle, Pennsylvania for more than a year using the same cases, positive electrodes, separators, electrolytes and manufacturing equipment that it uses in its other lead-acid battery products. The only notable manufacturing difference is the use of Axion's proprietary carbon electrode assemblies instead of lead-based negative electrodes.

Axion believes its PbC technology devices are the only class of advanced battery that can be assembled on existing lead-acid battery production lines without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard production methods that are commonly used in other industries. When its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug and play replacements for the lead based negative electrodes used by all other lead acid battery manufacturers.

Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry.

    Contact:  Allen & Caron                 Axion Power International, Inc.
              www.allencaron.com            www.axionpower.com
              Rudy Barrio (investors)       Kelly Gubish
              Brian Kennedy (media)         724 654 9300
              212 691 8087                  kgubish@axionpower.com
              r.barrio@allencaron.com
              brian@allencaron.com

SOURCE Axion Power International, Inc.

http://www.axionpower.com

Axion's new lead-carbon technology will offer several advantages in this application including: less lead; high power delivery rates; improved cold temperature performance; faster recharge rates; and longer life cycle than those achieved from current conventional lead-acid batteries.

"Congressman Altmire has been a real advocate for Axion and our innovative technology," Axion Chief Executive Officer Thomas Granville said. "We're proud of the work we're doing and we're honored by Congressman Altmire's recognition of our product as a way to help our military and enhance our national security."

Axion's project is among 10 totaling $21.1 million that Congressman Altmire secured in a continuing resolution (H.R. 2638) that the president enacted Sept. 30. The U.S. House of Representatives approved the funding Sept. 24 and the U.S. Senate followed on Sept. 27. The total funding package will help to create more than 100 high-paying jobs and sustain over 2,200 positions in western Pennsylvania. Congressman Altmire is working to establish a high-tech and advanced-energy corridor in northwestern Pennsylvania, and cited Axion's progress as an example of the region's potential.

"With companies like Axion Power International, our region is leading the way in the development of advanced, innovative technology for use by the military," said Congressman Altmire, who delivered the $1.2 million this morning during a visit to Axion's New Castle facility.

It was Congressman Altmire's second visit to Axion. In July 2007, he visited the plant as part of his kickoff program aimed at establishing the "high-tech corridor." Congressman Altmire is among a string of business representatives, local officials and government leaders at every level to visit Axion since the industry trail blazer relocated from Toronto, Canada, in 2006. Axion chose Pennsylvania, and more specifically labor-talented Lawrence County, over several other vying states.

In 2007, Gov. Rendell awarded Axion Power $1.2 million in state aid to help fund job training, product testing and automated production equipment. Granville continued, "We currently employ 39 workers here, an increase from 23 prior to the Pennsylvania award. As a direct result of this federal grant, we will increase employment immediately. Axion requested $5,000,000 over a 3-year period to study and develop battery and ultra cap products that would meet the requirements of the Marine Corps and the Department of Navy Research. The $1.2 million award covers the first year of that program. We expect our first product to be available in the initial year of this program and once it is available, we plan to qualify and market it to the Marines for assault vehicles and the silent watch program. We will continue to develop our technology and expect to market our proprietary lead carbon product for a wide array of vehicles for all branches of the military. This would naturally result in the creation of dozens of additional jobs here at our New Castle facility."

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 was not 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-acid-carbon energy storage technologies. Axion is producing prototype PbC batteries in small quantities at its plant in New Castle and believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com.

     Contact:  Allen & Caron                  Axion Power International, Inc
               www.allencaron.com             www.axionpower.com
               Rudy Barrio (investors)        Kelly Gubish
               r.barrio@allencaron.com        kgubish@axionpower.com
               212 691 8087                   724 654 9300
               Brian Kennedy (media)
               brian@allencaron.com

SOURCE Axion Power International, Inc.

http://www.axionpower.com

-------------------------------------------

Axion Power International, Inc. (OTC Bulletin Board: AXPW) closed at $1.55 Friday, trading 3,500 shares.

Company News- October 6, 2008: Axion Power International Gets $1.2 Million in Federal Funding to Develop Advanced Batteries for U.S. Marine Vehicles

Axion Power International, Inc. (OTC Bulletin Board: AXPW), an industry leader in the development of advanced batteries and energy storage devices, announced earlier today it has received a $1.2 million federal grant, secured by U.S. Rep. Jason Altmire (PA-4) through the Department of Homeland Security Appropriations Act, 2008. The grant will fund work aimed at the development of new lightweight, high-power batteries for use in U.S. Marine Corps vehicles.

To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.

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 was not 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-acid-carbon energy storage technologies. Axion is producing prototype PbC batteries in small quantities at its plant in New Castle and believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's goal is to become the leading supplier of carbon electrode assemblies for the lead-acid battery industry. For more information, visit http://www.axionpower.com.

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Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) closed at $1.16 Friday, trading 893,700 shares.

Company News- October 6, 2008: Quantum Ships New Generation Hybrid Electric Vehicles to the US Army

Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) announced earlier today that it has designed, developed and shipped a new generation of hybrid electric vehicles incorporating hydrogen internal combustion engines to the US Army Tank Automotive Research Development and Engineering Center (TARDEC) for deployment at the Selfridge Air National Guard Base (SANGB).

To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.

About Quantum:

Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.

Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. "Fisker Karma" launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.

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