Effective February 1, 2016, the Board of Directors of Axion Power International Inc. has appointed Stanley A. Hirschman as a director. Mr. Hirschman's will serve as a director until the 2016 Annual Meeting of Shareholders at which time he shall be nominated for reelection for a three year term. Mr. Hirschman previously served on the Company's Board from June 2006 to September 2010 as the Audit Committee chair.

Stan Hirschman has served as President and Director of Optex Systems Holdings Inc., since March 2009 and its redecessor company, Optex Systems Inc. from September 2008. In November 2015, Mr. Hirschman retired from the Optex Systems Holdings board of directors. Charles Trego, the former Chief Financial Officer of the Company and a director, is also a director of Optex Systems Holdings Inc.