![]() Exide is a global leader in stored electrical energy solutions and one of the world's largest producers and recyclers of lead-acid batteries with operations in more than 80 countries. The highlights of the second quarter included the start of a four-year global supply agreement with Exide Technologies (NASDAQ: XIDE) for the purchase of Axion's PbC batteries and other Axion Technology(TM). Net loss for the first six months of 2009 was $4.8 million, or $0.18 per share, compared to a net loss of $6.1 million, or $0.32 per share, for the first six months of 2008. Operating expenses for the first six months of 2009 declined 26 percent to $4 million, compared to $5.4 million in the prior year's first six months. The Company reported a net loss for the second quarter of 2009 of $2.5 million, or $0.10 per share, compared to a net loss of $3.2 million, or $0.16 per share for the second quarter of 2008.įor the first six months of 2009, sales were $604,983, compared to $391,807 for the prior year's first six months, an increase of 54 percent. Operating expenses for the second quarter of 2009 declined 26 percent to $2.1 million, from $2.8 million in the prior year second quarter. ![]() Sales during the 2009 second quarter were $277,890, up 58 percent compared to $176,080 during last year's second quarter. The development-stage Company filed its 10-Q for the second quarter on August 14, 2009. ![]() (OTC Bulletin Board: AXPW), a leading developer of advanced lead-carbon PbC(R) batteries, today reported results for its second quarter and first six months ended June 30, 2009. 14 /PRNewswire-FirstCall/ - Axion Power International, Inc.
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