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Axion Power International, Inc.
Axion Power Reports Year-End Results for 2008
April 18th, 2009
Axion Power International Inc (BULLETIN BOARD: AXPW) announced financial results for 2008. The developer of battery technologies and advanced energy storage devices reported revenues of $679,559 for the year vs $533,911 in 2007, primarily resulting from the sale of legacy lead-acid batteries for antique and collector cars, and for race cars. Toward the end of the year, the Company began to make and ship advanced lead-acid batteries on a private-label contract for a large lead-acid battery company pursuant to a purchase contract that was announced November 5, 2008. Shipments on that contract in the final weeks of 2008 were a de minimis amount. Axion Power reported a 2008 loss of $10.6...
Source: Law & Health Weekly (2009-04-18)
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