Ioxus Insights


Greetings from the CEO

The company had an exciting first quarter of 2014, and I am pleased to say we are expecting another record growth year for Ioxus. Ending last year as one of the top growing companies in the energy industry (#38 in Energy, per Inc. Magazine), we plan to further expand our customer base with major new accounts in China and Europe in 2014.

We received the final installment of our $21m Series C funding from a strategically important new investor: IFC (China), a member of the World Bank Group, the largest global development institution focused exclusively on the private sector. I believe we now have without question the strongest set of financial backers of any company in our industry with the likes of GE, Alstom and now IFC. We have earned these investments by having the best technology, highest rated management team, and accolades from customers who love Ioxus products. With the new investment we are developing plans to expand our presence in China and Europe, where our new iMOD X-Series products can cut diesel bus emissions by 72% while doubling their mpg. Similar Ioxus designs provide efficiency benefits to rail transit systems, as being demonstrated today at Long Island Rail Road (LIRR).

Ioxus’ executives have also been busy sharing insight and sparking conversations across the globe at various events for the battery and transportation industry. This includes the AAB Conference in February, where Chad Hall presented on varying uses for ultracapacitors, SAE 2014 Hybrid & Electric Vehicle Technologies Symposium, the Rechargeable Battery Show in Japan, the World Truck show and APEC 2014 where Ioxus’ Bryce Gregory spoke on using #ultracapacitors for frequency regulation.

Looking forward, I expect continued accelerated growth for ultracap consumption across several industries, and specifically, major new design wins in the transportation industry and renewable energy sectors. As companies such as Tesla continue to expand their product options and accessibility, it is becoming increasingly easy and cost worthy for consumers to choose products such as electric and hybrid vehicles.

To compliment this growing trend I am happy to announce the launch of our 2014 campaign “Know Your Power” which challenges everyone from engineers to consumers to assess their understanding of power and energy in transport applications, and look past battery products which limit the performance of a vehicle and last less than half as long as an Ioxus product. With this campaign, we hope to reeducate our audience on why ultracapacitors offer a more reliable and efficient alternative to batteries in transportation applications and beyond.

Best regards,

Mark McGough
CEO of Ioxus, Inc.

Ioxus in the News

Ioxus had a busy first quarter discussing energy innovations and providing thought leadership on the use of ultracapacitors. Through contributed articles, interviews and Ioxus factory tours we continue to promote the Ioxus brand through media features and interviews including the following:

Ioxus has also received the investment of $21 million from IFC and the Westly Group to close out our Series C funding. The IFC has a strategic priority to address climate change and promote the use and manufacturing of environmental technologies in emerging markets. With Ioxus’ plans to expand its customer service, sales and production in China, focusing on our new iMOD X-Series product, the IFC choose to support these initiatives.

The launch of our iMOD X-Series™ offers a new line of module systems for a common, single-piece extruded housing for application across all of its axial ultracapacitors. Recognizing an inherent design issue responsible for disproportionate heating and aging of some cells in basic modules, Ioxus created the iMOD X-Series™ to correct these flaws while reducing cost, minimizing design time and increasing reliability.

Ioxus new product, the iMOD X-Series.
Ioxus’ new iMOD X-Series

Our upcoming project with the Long Island Rail Road (LIRR) is very exciting, and as a New York company, it is a great opportunity to play a role in improving our regional rail service. The ultracapacitors will provide voltage support to assist the traction power system, capturing and storing the energy produced by the train, using it to facilitate better acceleration and allowing for greater energy efficiency and reduced energy consumption.

Finally we are very happy to be opening our new plant as part of expanding manufacturing capabilities. Be sure to follow us on Twitter, Facebook and LinkedIn for updates.

The State of the Industry

This year has kicked off with some significant product and strategy innovations that will affect the energy industry for years to come.

With the growing popularity of electric cars globally, power sourcing has become a growing issue. Engineers are now questioning how a neighborhood of EV’s can be effectively powered without skyrocketing prices or blowing the grid. One answer has been a smart grid complete with power segmentation, which would allow for the scheduled distribution of power to varying charging stations at different times. Ioxus sees this as another opportunity for ultracapacitors in the electric and hybrid car market, as this technology is able to store more energy, reducing the amount time need to charge a battery.

Additionally 2014 has been home to some significant green legislation in the past few months.

The first quarter also featured multiple new model debuts at both theChicago Auto Show and the Geneva Auto Show. This includedthe Porsche 919 Hybrid Le Mans Prototype and the 2015 Kia Soul EV.

Finally let's not forget the infamous Tesla drivers who completed coast to coast journeys on the company’s new supercharger route.

These events and highlights exhibit 2014 as a year that will begin to change the way we think about energy, from smart grid technology to new options for EV drivers. Consumers will look to continue to find energy storage products that will efficiently conserve energy, exert
high power and improve the product life. This is where engineers need to look past traditional ESS products and turn to ultracapacitors.

Ioxus Happenings

Ioxus kicked off 2014 on the road attending a variety of events domestically and abroad:

Co-founder Chad Hall headed to Atlanta in early February to present at the annual Advanced Auto Batteries Conference, which specializes in being a information source for the continued development of the automotive battery market. Here he conducted presentation’s on Ultracapacitor; Types, Expectations and Path Forward” and “Ultracapacitor Module Designs and Uses for Light Rail. ”

Celebrating its eleventh year, SAE 2014 Hybrid & Electric Vehicle Technologies Symposium was held February 11-14 and Ioxus’ field application engineer Bryce Gregory was
there to join discussions. Insights included analysis of the EV and hybrid market and what actions need to be taken to further develop it. For example, did you know that the total US nationally funded dollars spent on research of EV batteries last year was less than the budget of any 1 formula 1 team?

Finally, our Field Application Engineer, Bryce Gregory presented on using ultracapacitors for frequency regulation at APEC 2014. The conference seeks to focus on issues of immediate and long-term interest to the practicing power electronics engineer and boast an exhibit area of over 260 booths.

Our teams also attended a variety of additional events including:

Finally, Jeff Colton and Bryce Gregory headed to Detroit in the first week of April for the
SAE World Congress

Latest News

  • IOXUS' uSTART® Receives Edison Award for its Engine Enhancement Innovation

    Ioxus, designers and manufacturers of smart power solutions based on its widely used ultracapacitor technology, today announced that it was named a Bronze winner in the Engine Enhancement category of the 2018 Edison Awards. The announcement was made at the Edison Awards Gala in New York City.

    “We are very proud to have received an internationally recognized Edison Award and to be named a winner alongside companies like Mazda Motor Corporation and CFM International, a joint company of GE and Safran Group, for our engine enhancement achievements,” said Mark McGough, CEO and president of Ioxus, Inc. “This award is recognition that uSTART is proving highly reliable and valuable for fleets in the trucking industry. Being recognized with an Edison Award is one of the highest accolades we can receive in the name of innovation.”

    Inspired by Thomas Edison’s persistence and inventiveness, the Edison Awards are judged by a panel of more than 3,000 leading business executives, including past award winners, academics and leaders in the fields of product development, design and engineering. The judges recognize products as true innovations in their category.

    In addition to the Awards Gala, the annual Edison Awards program encompassed a full-day, “Meet the Innovators Forum” and the, “Innovators’ Showcase,” which offered guests a hands-on experience with read more...

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