General Electric, Northwater Capital, Braemar Energy Ventures and Aster Capital Invest $21 Million in Ioxus

Today, Ioxus announced the closure of its Series B round of financing, which topped off at $21 million from investors including Energy Technology Ventures — A GE-NRG Energy-ConocoPhillips Joint Venture, Northwater Capital, Braemar Energy Ventures and Aster Capital. This round of funding closes at an opportune time for Ioxus, as interest in clean and efficient energy is on the rise, and our ultracapacitors and hybrid capacitors are in greater demand than ever before.

The funding we announced today will support research and development of advances in energy generation products. We’ll also use this round of investment to further expand our sales, marketing and manufacturing operations. That effort is already in process, thanks to the distributor network we recently launched in the Asia Pacific Region. This investment significantly enhances Ioxus’ capability to innovate and distribute, but it also underscores the strong position we enjoy in the market. This $21-million vote of confidence signals our unrivaled leadership in enabling cost-effective, green energy solutions.

Frank Egan of Northwater Capital, which led the round, noted that his firm invests in “game-changing technologies.” We certainly agree that Ioxus fits that description. Our technology is fulfilling the energy storage needs of manufacturers bringing wind turbineshybrid vehicles and other green energy products to market. In the Americas, in Europe and in Asia, consumers and businesses want applications that last longer and make better use of energy resources. We look forward to continuing our success in meeting that demand.

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  • Ioxus uSTART® Battery Replacement for Heavy Equipment Increases Starting Reliability

    ONEONTA, N.Y., April 2, 2019 /PRNewswire/ -- Ioxus, Inc., a leading developer and manufacturer of ultracapacitors and energy storage products, announced today that the 24V uSTART® battery support system is now being offered as the heavy equipment industry's only drop-in replacement product that needs no special wiring. Using two group 31 batteries in series, with one 24V uSTART in parallel, users can replace their 4D battery in heavy equipment.

    The ultracapacitor-based product is designed with smart power electronics to assist in starting engines up to 50L for large off-road equipment.  Using the available Smartphone Bluetooth app, once the uSTART is connected to the batteries, users can look at the voltage of the batteries, the charge level of uSTART, initiate a jump start without connecting any wires, or put the unit into maintenance mode for safe removal or repairs.

    The goal of the uSTART system is to provide the vehicle with a start, no matter the condition of the existing batteries or external temperature. If the batteries run too low duread more...

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