Axion Power International Inc. announced that it completed shipping its high-performance PbC batteries to Norfolk Southern Corp. (NS), for use in Norfolk Southern's first all electric locomotive - the NS-999. The company shipped the last skids that comprised this battery order to NS in late December 2012 and the batteries will be used to power the NS-999 'yard switcher' locomotive.

The switcher functions in the train yard where its responsibilities include moving rail cars and assisting in disassembling and assembling various train configurations. In parallel, Axion and Norfolk Southern continue to participate in the development of an energy system for 'over the road' hybrid locomotives, that will be much more powerful units that would require significantly more batteries. The final shipment of batteries to Norfolk Southern means that approximately $475,000 in revenue, attributable to the eventual re-commissioning of the NS-999, will be recognized in the company's results for the fourth quarter of 2012.