Ioxus Names Don Runkle Chairman of the Board

ONEONTA, N.Y.–(BUSINESS WIRE)–Ioxus® today named Donald Runkle as the Company’s Executive Chairman of the Board. Runkle is an internationally recognized authority in the automotive industry with extensive C-level experience at General Motors and Delphi.

At General Motors Runkle held a variety of assignments, including chief engineer of Chevrolet, chief engineer of powertrain and racing at the Buick Division, director of Advanced Vehicle Engineering, Vice President of GM’s Advanced Engineering Staff and Vice President of GM’s North American Engineering Center where he was GM’s top engineering executive. Under Runkle’s leadership, countless product innovations were introduced and many national automotive racing championships were won along with Car of the Year and Top Ten Engines.

After his distinguished career at GM, Runkle became Vice-Chairman of Delphi Corporation where he was the senior executive for deploying lean principles and streamlining and integrating engineering, manufacturing, and purchasing. He served on the Board of Directors and Strategy Board, the company’s top two policy-making groups. Runkle was Delphi’s Chief Technology Officer, responsible for R&D, Global Supply Management, and executive leadership of engineering and manufacturing. He was also the leader for the DaimlerChrysler and Commercial Vehicle customer teams, two of the higher growth customer accounts.

“I am very pleased to have Don join our board, and appreciate that our excellent former Chair Bill Lese will remain on our board,” said Mark McGough, Ioxus’s CEO. “Don brings more than three decades of executive level automotive experience in a career filled with innovation and successes, and this makes him an exceptional fit for our vision going forward. Don is known internationally as an expert in this key strategic industry, which we believe will drive enormous growth for Ioxus.”

According to Runkle, “Ioxus has been on my radar for some time. They clearly have the strongest technology in the ultracap space, with higher energy and power densities, higher temperature capability, more innovative module designs and both cylindrical and pouch cell experience; things that no other competitor can offer. The auto industry as well as many other industries have taken seriously the challenge for improved efficiency, lower environmental impact and growing customer demands for increased electrical/electronic features. Ioxus’ proprietary technology is now capable for meeting these global challenges, particularly in the aggressive automotive sector. The potential for rapid growth, a strong set of investors, and an extraordinary and experienced management team made it and easy decision to join this company.”

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. With our proprietary mixes and coating processes, Ioxus makes a superior electrode for ultracapacitors with higher power and energy density compared to other ultracapacitors. Ioxus designs and manufactures smaller, lighter weight iMOD® modules and the new iMOD X-Series™ family of module systems. Ioxus is headquartered in Oneonta, N.Y., with sales, service and quick-delivery inventory in Shanghai, China. For more information, visit Ioxus and follow Ioxus on Twitter @Ioxus.

Contacts

Media Contact:
Ioxus
Chad Hall, +1-607-437-6045
VP of Sales and Marketing
chall@ioxus.com

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