Axion Power seeks funds as loss widens to $2.14M in qtr.

Nov 15, 2012 | 02:20 PM | Daniel Fitzgerald

Tags  Axion Power, Q3 earnings, Thomas Granville, lead-carbon batteries, lead batteries, Daniel Fitzgerald

NEW YORK — Axion Power International Inc. continues to search for external capital to sustain operations beyond March 2013 as its net loss widened to $2.14 million in the third quarter from a $1.97-million loss a year earlier.

The lead-carbon battery manufacturer posted revenue of $2.18 million for the three months ending Sept. 30, up 3.8 percent from almost $2.1 million in the corresponding quarter of 2011.....

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