Axion Power International Inc. (NasdaqCM:AXPW) has retained Phoenix Capital Resources (PM Secuties, LLC) as financial advisor in connection with identifying strategic partners and commercial partnering alternatives for Axion Power. The company is seeking strategic partners interested in licensing and marketing its proprietary technology into industries such as Frequency Regulation related to Power Grid Stabilization; Hybrid Medium and Heavy Duty Trucks; Hybrid Stop-Start Technology; Hybrid Locomotives; Backup and Support for Renewable Energy; Residential/Small Community Storage; as well as other applications.