Ioxus Supplies Premium Ultracapacitors to FlexGen® Power Systems for Oil & Gas Products

ONEONTA, N.Y.–(BUSINESS WIRE)–Ioxus, a manufacturer of premium performance ultracapacitor technology for use in transportation, industrial and energy applications, announces they have been selected by FlexGen® Power Systems to deliver high-powered ultracapacitors for use in FlexGen’s Solid State Generator drilling products. Ioxus ultracapacitors will be an important component of FlexGen® Power Systems’ global line of oil & gas products as they deliver more than 25 drilling systems over the next two years.

FlexGen® Power Systems is a veteran owned and operated energy technology company that provides innovative power equipment products for military, oil & gas, marine, and mining & industrial operations. Their FlexGen® Solid State Generators are fundamentally changing power generation in the oil & gas, mining, marine, and industrial markets by combining advanced energy storage and power conversion technologies to hybridize gensets to provide maximum performance, reliability, and efficiency.

”We are excited about FlexGen® Power Systems game-changing hybrid drill rig system,” says Mark McGough, President and CEO, Ioxus. “Their FlexGen® Solid State Generators have the ability to fundamentally change the oil and gas industry and we are confident our performance-proven ultracapacitor technology will play a big role in the success of their product.”

“We evaluated a number of suppliers in the ultracapacitor market and Ioxus’ performance, reliability and cost are unmatched. Ioxus ultracapacitors are a key component to our FlexGen® Solid State Generators’ success and we look forward to working with them to continue delivering best-in-class hybrid power systems,” said Josh Prueher, Chief Executive Officer, FlexGen® Power Systems.

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

Media Contact:
Racepoint Global for Ioxus
Nick Liberati, 1-617-624-3215
nliberati@racepointglobal.com

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