Ioxus Ranked Number 46 Fastest Growing Company in North America on Deloitte’s 2013 Technology Fast 500™

ONEONTA, N.Y.–(BUSINESS WIRE)–Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, today announced it has been ranked 46 on Deloitte’s Technology Fast 500™. The list identifies the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Ioxus’ ranking reflects a 6,082% fiscal year revenue growth from 2008 to 2012.

Ioxus’ CEO Mark McGough credits the company’s proven ultracapacitor technology and its dedicated team for its success. “Being named on Deloitte’s Technology Fast 500™ list is testament to our industry-leading R&D and dedication to creating market-leading products that are relevant to many global industries today,” he said. “The ultracapacitor market is predicted to reach $3.5 billion by 2020 and I expect Ioxus’ advanced technology to be at the forefront.”

This is the third award recognizing the company’s growth bestowed on Ioxus in recent months. Ioxus was ranked #935 on the Inc. 5000 in August and last month the company was included on the Global Cleantech 100 for the third year in a row.

Earlier in 2013, Ioxus unveiled the 1200F iCAP™ cell, a high-powered building block for a new family of advanced module products enabling superior start/stop designs for combustion engine vehicles. This introduction followed the successful launch of three new modules for renewable energy and heavy transport applications: the iMOD® 80V/12F, 16V/500F and 48V/165F series. In July, Ioxus received $16 million in Series C funding from investors. The company plans to use the funds to further research and development, expand its manufacturing capabilities and increase sales and marketing operations.

“We have a tremendous stable of investors who share our vision for energy storage and see the same, massive potential for Ioxus that we do,” continued Mr. McGough. “Our proven technology sets us apart from competitors and puts us at the leading edge of the burgeoning energy storage industry.”

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About Deloitte’s 2013 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Ioxus

Ioxus manufactures premium performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets. The company offers the highest power and energy density ultracapacitors and hybrid capacitors ranging in size from 100 Farads to 3,000 Farads, with both iCAP® cylindrical and THiNCAP® laminated pouch cells available. Ioxus ultracapacitors have higher power compared to other ultracapacitors, with smaller, lighter weight iMOD® modules and systems. Its family of ultracapacitors is 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 www.ioxus.com.

Contacts

Racepoint Group for Ioxus
Nick Liberati, 1-617-624-3215
nliberati@racepointgroup.com

Latest News

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    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...

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