Ioxus Asia Limited Opens in Hong Kong

Today we announced a new entity in Hong Kong: Ioxus Asia Limited. We’re increasing our presence in the region, where Chinese demand for optimized, cost-effective energy storage solutions is strong and growing. The wind turbine and hybrid bus markets, in particular, are expanding, and Chinese manufacturers see ultracapacitors as a critical factor in their pursuit of more efficient applications. Now is a critical time for Ioxus to be on the ground, filling and customizing orders to help local companies capitalize on the potential of smaller components.

As part of this expansion, Ioxus Asia Limited will conduct direct business with local enterprises, as well as support regional distributors including Secotec Ltd, Sinotek, Beijing Favor, GT Advanced Energy Technology Shanghai Ltd. and Asiacom Technology. We’re fielding significant orders in China, and our recent partnership with a local facility to manufacture, assemble and test modules will let us serve Chinese customers more quickly.

We’re also launching a localized Chinese website this month, just one piece of the marketing organization we’re deploying in the region. All of these efforts build on the success of our Asia Pacific distributor network, which we announced in late 2010. The network, which delivers technical and marketing support to local partners, was formed in direct response to expanding interest in the region in ultracapacitors and hybrid capacitors. Chinese manufacturers want the capacity for immense storage, faster response times and lower peak power requirements. With the opening of Ioxus Asia Limited, we’re one of the only global companies meeting that demand.

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    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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