Additional facilities further expand Ioxus’ ultracapacitor footprint globally
ONEONTA, N.Y.–(BUSINESS WIRE)–Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, today announced incorporation of Ioxus (Shanghai) Clean Energy Technology Co., Ltd., in Shanghai, China. The new operating entity will sell directly to the Asian market enabling Ioxus to better serve the needs of a rapidly growing global customer base.
Asia is one of the world’s leading consumers of ultracapacitor technology for ‘new energy’ buses, passenger rail, automobiles, and renewable energy generation. Ioxus’ new downtown Shanghai facilities include an office and a fully-functional warehouse located in Shanghai’s FTZ (Free Trade Zone), further establishing the company’s commitment to the region and its customers. The facility will serve as a storage and distribution center enabling the quick delivery of products, specifically for hybrid bus installation.
“Asia’s demand for improved, clean energy storage has grown tremendously over the last several years,” said Mark McGough, CEO, Ioxus. “Our ultracapacitors are environmentally friendly and designed to deliver the highest power, energy density, and performance available on the market today with the lowest resistance possible. With Ioxus (Shanghai) Clean Energy Technology Co., Ltd., we strengthen our presence in the region by streamlining the process of delivering our industry leading technology to customers.”
This announcement comes on the heels of several other recent initiatives focused on expanding Ioxus’ presence in China. In April, Ioxus secured $21 million in series C funding to expand operations in China and Europe, and opened its second U.S. manufacturing facility to help meet rapidly increasing demands for Ioxus products worldwide.
The new Shanghai office – located at 2616 Ascendas Plaza, 133 Tianyaoqiao Rd, Xuhui District, Shanghai 200030 – will include sales support and field application engineering to assist with market applications such as automotive and transportation.
Ioxus manufactures high performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets. The company offers the broadest range of cell styles in the industry, from 100 Farads to 3,000 Farads, with both iCAP® cylindrical and THiNCAP® pouch cell form factors. Ioxus ultracapacitors have higher power and energy density compared to other ultracapacitors with smaller, lighter weight iMOD® modules and the new iMOD X-Series™ family of module systems. Ioxus ultracapacitor products are uniquely optimized for high performance with low resistance, ideal for delivering high power bursts for acceleration, energy recapture, peak load shaving and high power applications. Ioxus is headquartered in Oneonta, N.Y., with legal operations in China as Ioxus (Shanghai) Clean Energy Technology Co., Ltd. For more information, visit Ioxus.
Racepoint Global for Ioxus
Deanna Meservey, 1-617-624-3274
Ultracapacitor-powered uSTART™ available for Class 3 - 6 Vehicles
ONEONTA, N.Y., March 28, 2016 -- Ioxus, Inc., a leading developer and manufacturer of ultracapacitors and energy storage products, announced today that the uSTART™ engine starting system is now being offered as the industry's only drop-in replacement product that needs no special wiring. The Ioxus ultracapacitor-based product is designed to do all of the things that competitive products do not, such as increasing the vehicle bus voltage by greater than 10% during crank, reducing cranking time for more than 20%, reduce peak current to the starter by more than 15%, reduce the cycling seen by the battery by more than 40%, increasing starter life by more than 30%, and provide a built-in jump start system that will allow users to charge the capacitor from adjacent "dead" batteries and eliminate stranded trucks. All without any special wiring—simply drop-in uSTART in place of an existing battery!
The uSTART system from Ioxus is a two-terminal product, eliminating the rewiring required by competitive engine start modules. One of the existing read more...