Ioxus Opens New Ultracapacitor Manufacturing Facility

New York factory built to meet demand from customers in China

ONEONTA, N.Y.–(BUSINESS WIRE)–Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, today announced the opening of its second manufacturing facility in Oneonta, New York. The 22,000 sq. ft. plant, located less than a mile from Ioxus’ headquarters, will create increased capacity for both electrode manufacturing and module assembly to meet rapidly increasing demands for Ioxus products worldwide.

Ultracapacitors charge and discharge quickly, making them ideal for voltage support needs and recovering energy that would otherwise be lost. The design of Ioxus ultracapacitors allows for high duty cycle and a sustained high current throughput, which is integral to energy efficiency and achieving the optimum level of energy regeneration.

“Opening our second plant in Oneonta is the culmination of a busy four months for the company. So far in 2014 we announced FlexGen Power and The Long Island Rail Road as new customers, launched the iMOD X-Series™ and received $21 million in series C funding,” said Mark McGough, CEO, Ioxus. “Customers love our products, and that is why we are seeing Ioxus ultracaps designed into a broad array of products including buses, trains, cars, heavy machinery, solar panels and other industrial equipment. The expansion of our manufacturing facilities allows us to meet the supply requirements of major new customers in these applications. Worldwide, Ioxus now utilizes over 100,000 square feet of manufacturing capability in four locations.”

Ioxus’ new site will add more than 30 new jobs in the Oneonta community, increasing the number of US employees to 150.

Additional Ioxus Information:

About Ioxus

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. For more information, visit Ioxus.

Contacts

Racepoint Global for Ioxus
Nick Liberati, 1-617-624-3215
ioxus@racepointglobal.com

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