Axion Power International Inc. (NasdaqCM:AXPW) is looking for acquisition opportunities. Axion has filed a shelf registration in the amount of $7.6 million. Axion expect to use the net proceeds we receive from the sale of our securities to augment our working capital and for general corporate purposes, including, but not limited to, product development activities, including research and development activities, capital expenditures, potential acquisitions and other business opportunities.