Ioxus Expands Distributor Network to China, Asia Pacific Region

Growing System of Localized Partners Delivers Sales and Support Coverage to Meet Worldwide Demand for Energy Storage Solutions

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., a manufacturer of premium performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets, today announced that it is expanding its sales efforts in China and the Asia Pacific region. Through its recently formed Ioxus Distributor Network, the company is providing technical and marketing support to distributors such as Secotec Ltd, Sinotek, Beijing Favor and Asiacom Technology in China and Lucky Presage and Can-Think in Taiwan. These distributors are meeting the demand for smaller, higher capacity and greater power density ultracapacitors in the Far East and Southeast Asia.

The expansion of the Ioxus Distributor Network in Asia is in direct response to expanding interest in the region in ultracapacitors and hybrid capacitors, specifically in the wind turbine and hybrid bus markets. Wind turbine manufacturers are increasingly choosing ultracapacitors over batteries due to higher cycle life, wider temperature range tolerance and lower total cost of ownership. For urban transit vehicles, ultracapacitors more efficiently manage stop-and-go driving, lowering the levels of toxic emissions and conserving energy during deceleration, acceleration and regenerative braking. Both applications are fueling the call for additional Ioxus distributors in the region.

“We have seen a mounting interest in alternative energy storage solutions from China and the Asia Pacific region, and the growth of our distributor network in that part of the world enables Ioxus to meet that need while cultivating long-term customer relationships,” said Brendan Andrews, vice president of sales and marketing at Ioxus. “Together with our local distributors, we can quickly provide value-added features and custom designed systems with rapid inventory fulfillment.”

“We are excited to work with Ioxus as it enters the local market. The company’s comprehensive range of solutions and its product roadmap have great potential in this part of the world. Ioxus’ sales support and training program have helped us identify more than 20 potential prospects in less than a month, including wind turbine and electric bus applications in China and a redundant power application in Taiwan,” said Sam Wong, vice president of sales of Secotec Ltd. “We look forward to rapid growth in the second half of 2011 when our customers finish their designs and complete their manufacturing processes.”

Representatives in the Ioxus Distributor Network are an extension of the company’s sales force and provide field staff and application engineers who can fully meet the design and implementation needs of regional customers. With multiple distributors in Asia and across the globe, Ioxus is actively increasing its customer base while leading the worldwide market for optimized, cost-effective, green energy storage solutions.

Additional Ioxus Information:
* Ioxus data sheets: http://www.ioxus.com/data-sheets.html
* Where to buy Ioxus products: http://www.ioxus.com/wheretobuy.html
* Ioxus on Twitter: http://www.twitter.com/ioxus

About Ioxus, Inc.
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 5,000 Farads. Ioxus ultracapacitors have two to three times higher power compared to other ultracapacitors, with smaller, lighter weight 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.

Media Contact:
Metis Communications
Melissa Cohen, 617-236-0500
melissa@metiscomm.com

Ioxus Increases Energy Density By 115 Percent with New Hybrid Capacitor

Ioxus is One of Only Two Companies Worldwide With Hybrid Capacitor Technology in General Production

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., a manufacturer of premium performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets, today announced it has developed a hybrid capacitor, a combination of an ultracapacitor and a lithium-ion battery, with an energy density 115 percent higher than standard electric double-layer capacitors (EDLCs). Its production of a hybrid capacitor makes Ioxus the only U.S. company, and one of only two manufacturers worldwide, offering this technology.

Ioxus hybrid capacitors are similar to lithium-ion batteries, but they retain a far superior cycle life with more than 20,000 charge/discharge cycles possible rather than the hundreds or few thousand delivered by batteries. The hybrid components offer advantages over standard ultracapacitors, as well, which have an energy density of 12.8 Wh/L. The hybrid capacitor offers an enhanced capability of energy storage, providing power to applications more quickly and efficiently.

“When Ioxus received a federal appropriation earlier this year to work with Binghamton University on increasing energy density in ultracapacitors, we began developing hybrid cells capable of storing significantly more energy than traditional EDLCs,” said Mark McGough, CEO of Ioxus. “The result is our hybrid ultracapacitor, which supports the high cycle, wide temperature range and high power demands of applications like automotive subsystems, memory back-up, LED lighting and other products in consumer-focused markets.”

Hybrid capacitors can be used for numerous purposes, including:

* Flashlights
* LED applications
* Memory back-up
* Portable hand tools
* Solar charge applications
* Off-grid lighting
* Automotive subsystems such as power windows and door locks

Ioxus’ hybrid capacitor offers benefits to industries beyond lighting, given its temperature range of -25C to +60C. At the low end of the range, the hybrid capacitor loses only 5 percent of its energy while comparable battery energy loss would by 50 percent or more. Ioxus hybrid capacitors are 90 to 95 percent efficient, offering far better value than batteries, which only offer approximately 70 percent efficiency.

“The hybrid capacitor supports the mission of clean tech manufacturers across multiple industries who are intent on capturing higher power and longer cycle life with components that also deliver green energy,” said McGough. “The hybrid capacitor is a breakthrough in energy density and power that will fuel the development of environmentally friendly applications in markets from transportation to consumer goods.”

Additional Ioxus Information:
- Ioxus data sheets: http://www.ioxus.com/data-sheets.html
- Ioxus store: http://www.ioxus.com/store/
- Ioxus on Twitter: http://www.twitter.com/ioxus

About Ioxus, Inc.

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 5,000 Farads. Ioxus ultracapacitors have two to three times higher power compared to other ultracapacitors, with smaller, lighter weight 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.

Media Contact:
Metis Communication
Melissa Cohen, 617-236-0500
melissa@metiscomm.com

Ioxus Acquires Advanced Energy Conversion (AEC) to Deliver Full Range Ultracapacitor Cells and Modules

Acquisition Marries Ioxus’ Ultracapacitor Cell Design Expertise with AEC’s Systems Application Experience

Oneonta, N.Y., September 27, 2010 – Ioxus, Inc., the only U.S. manufacturer of innovative ultracapacitor technologies for military, transportation and alternative energy markets, today announced it has acquired Advanced Energy Conversion (AEC), which specializes in energy conversion systems using embedded controls, power electronics, and electric machines. Ioxus will incorporate AEC products into its current offerings to deliver the most comprehensive, energy-efficient systems solutions for hybrid electric vehicles, wind pitch control and other energy storage applications.

Ioxus, which worked with AEC on several projects prior to the acquisition, plans to expand AEC’s 12-member staff and retain its New York-based property, creating local jobs and maintaining its status as the only ultracapacitor company manufacturing exclusively in the United States.

“Ioxus is focused on enabling the rapid growth of energy generation and cleantech markets around the world, and the acquisition of AEC’s capabilities in energy conversion systems helps us progress toward that goal,” said Mark McGough, CEO of Ioxus. “The acquisition of AEC boosts our ability to quickly customize our products’ design to meet the individual needs of our clients, whether they are looking for individual large cell prismatic electrochemical double layer capacitors (EDLC) or a complete system.”

For more than 10 years, AEC designed, tested and produced electronic power converters, embedded control systems, and electric machines for customers including John Deere, General Motors, American Electric Power, the Department of the Navy, and the Air Force Research Laboratory. The company earned design awards from NASA and the U.S. Department of Defense, as well as a reputation for providing fast turnaround for customized product development. AEC’s mission to improve efficiency, reduce fuel consumption and add functionality to a variety of power applications mirrors Ioxus’ commitment to creating environmentally friendly devices that improve packaged energy and power density, simplify integration and enhance performance.

David Torrey, formerly of AEC and now Ioxus vice president of engineering, said, “The products we built at AEC complement Ioxus offerings and present the market with a cohesive, yet wide-reaching array of energy storage options that incorporate the highest density and performance with the lowest cost. AEC joins Ioxus at a time in which numerous industries are actively seeking alternative power options, and we look forward to working together as one company to lead the market in fulfilling that need.”

Additional Ioxus Information:

• Ioxus data sheets: http://www.ioxus.com/data-sheets.html
• Ioxus design requests: http://www.ioxus.com/design-request.html
• Ioxus on Twitter: http://www.twitter.com/ioxus

About Ioxus, Inc.

Ioxus is the only company that develops, manufactures and commercializes innovative ultracapacitor technologies entirely in the United States. The company provides cost-effective, green energy solutions for the military, transportation and alternative energy markets. The Ioxus 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 was established by its affiliate company, Custom Electronics, Inc., which has supplied commercial and military clients with high reliability capacitors and integrated electronic assemblies since 1964. Ioxus is headquartered in Oneonta, N.Y. For more information, visit www.ioxus.com.

For more information, contact:
Melissa Cohen
Metis Communications
617-236-0500
melissa@metiscomm.com

Ioxus Appoints Mark McGough as President and Chief Operating Officer

Energy Technology Veteran Takes the Helm at Ioxus to Steer Company's Growth and Further Develop its Leadership Position in Growing Ultracapacitor Market

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., the only U.S. manufacturer of innovative ultracapacitor technologies for transportation, alternative energy and military markets, today announced the appointment of Mark McGough as president and chief executive officer. McGough joins Ioxus to help the company in its ongoing mission to become a high-volume manufacturer, developer and provider of ultracapacitor-based energy storage and power delivery solutions.

McGough formerly served as CEO of Pentadyne Power Corporation and Envinta Corporation and Energetics PLC and was a division president and general manager at Maxwell Technologies, where he launched a new business unit focused on ultracapacitors. Additionally, The World Economic Forum named Pentadyne under McGough’s leadership as a technology pioneer, and Red Herring Magazine identified him as a “shooting star.” During nearly three decades of leadership with technology and energy companies, McGough has established a long record of success in commercializing new technologies, growing revenue and initiating high-volume production.

“Ioxus is patenting game-changing ultracapacitor technology; it is this technology and the outstanding management team that brought me here. Ultracapacitors as a class are finally seeing broader adoption in the market, and now Ioxus is poised to offer a next generation of this technology that is many times more powerful and energy dense than previous offerings,” said McGough. “I look forward to working with this talented team to introduce ultracapacitor designs that rival batteries in energy density but with far better charge rates and cycle life.”

In addition to his extensive experience in the energy technology industry, McGough brings specific familiarity with the ultracapacitor market to his new position. While at Maxwell Technologies, McGough moved that company’s ultracapacitor offering from a lab prototype to a full-fledged business unit, sparking significant product revenue.

“Mark McGough understands how to take a business to the next level of profitability by developing channels and commercializing promising new energy storage technologies,” said Bill Lese, a managing partner of Braemar Energy Ventures and a member of Ioxus’s board of directors. “He has the experience and the enthusiasm Ioxus needs to reach its potential as a market leader and innovator, and we look forward to his leadership.”

McGough replaces acting CEO Michael Pentaris, who will return to his role as president and CEO of Custom Electronics, Inc. (CEI), Ioxus’ affiliate company, and will remain on the Ioxus board of directors. Under McGough, Ioxus Chief Strategy Officer Robert Jaworski will assume the new role of chief financial officer.

Additional Ioxus Information:

• Ioxus data sheets: http://www.ioxus.com/data-sheets.html
• Ioxus store: http://www.ioxus.com/store/
• Ioxus recent news: http://www.ioxus.com/news_ioxus.html

About Ioxus, Inc.
Ioxus is the only company that develops, manufactures and commercializes innovative ultracapacitor technologies entirely in the United States. The company provides cost-effective, green energy solutions for the military, transportation and alternative energy markets. The Ioxus 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 was established by its affiliate company, Custom Electronics, Inc., which has supplied commercial and military clients with high-reliability capacitors and integrated electronic assemblies since 1964. Ioxus is headquartered in Oneonta, N.Y. For more information, visit www.ioxus.com.

Media Contact:
Melissa Cohen
Metis Communications
617-236-0500

Frost & Sullivan Selects Ioxus for the 2010 North American Ultracapacitor Market Enabling Technology of the Year Award

Prestigious recognition of Ioxus’s accomplishments in the ultracapacitor market highlights company’s module-based approach and speed to market

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., the only U.S. manufacturer of innovative ultracapacitor technologies for military, transportation and alternative energy markets, today announced that Frost & Sullivan has chosen Ioxus for the 2010 North American Ultracapacitor Market Enabling Technology of the Year Award. In selecting Ioxus for this honor, Frost & Sullivan analysts considered several performance benchmarks, including the ability to enable creation of new products and applications and to enhance current products, as well as Ioxus’ potential for market acceptance and the breadth of access to the technology.

“In applications such as hybrid electric buses, wind turbine pitch control systems or grid support systems, energy storage devices are subjected to a very high number of charge/discharge cycles,” said Frost & Sullivan Research Analyst Anu Cherian. “Ultracapacitors are capable of delivering one thousand times or more of charge/discharge cycles than that of batteries, making them ideal devices for high-cycle applications, either alone or in combinations with batteries. Ioxus is not the oldest company in this market, but it is the first to demonstrate the foresight needed to offer an out-of-the-box solution that optimizes space, as well as lowers the total cost of ownership for the end user.”

While batteries are inherently functional energy storage devices, they can be charged/discharged relatively slowly. Ultracapacitors are power delivery devices that are capable of very high charge and discharge rates. Therefore, Ioxus’ ability to meet the needs of a wide range of applications with custom-built or module-based ultracapacitors that augment battery usage was among the strengths Frost & Sullivan cited in detailing its award selection process. Ioxus’ ultracapacitor was also noted as an enabling technology to the growing set of existing and new energy storage applications.

“One of the key differences we saw between Ioxus and its competitors is Ioxus’ control of its manufacturing and intellectual property,” said Cherian, when referring to Ioxus’ formulation and building of its own electrodes. “Based on a keen competitive position in the market, coupled with an exciting and innovative new supplement to the batteries market, Ioxus is the worthiest recipient of the 2010 Frost & Sullivan Enabling Technology of the Year Award.”

"Ioxus is honored to have been named for this award,” said Harvey Wilkinson, Ioxus’ vice president of business development. “We are dedicated to producing ultracapacitors that support cost-effective, energy solutions for all the markets we serve, and we see this accomplishment as affirmation of our module- and custom-based approaches to delivering these products to our customers.”

Additional Ioxus Information:

• Ioxus data sheets: http://www.ioxus.com/data-sheets.html
• Ioxus store: http://www.ioxus.com/store/
• Ioxus on Twitter: http://www.twitter.com/ioxus

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages almost 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

About Ioxus, Inc.
Ioxus is the only company that develops, manufactures and commercializes innovative ultracapacitor technologies entirely in the United States. The company provides cost-effective, green energy solutions for the military, transportation and alternative energy markets. The Ioxus 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 was established by the parent company, Custom Electronics, Inc., which has supplied commercial and military clients with high reliability capacitors and integrated electronic assemblies since 1964. Ioxus is headquartered in Oneonta, N.Y. For more information, visit www.ioxus.com.

Contacts:
Metis Communications
Melissa Cohen, 617-236-0500
melissa@metiscomm.com

Ioxus Appoints Brendan Andrews Vice President of Sales and Marketing

Industry’s Only U.S. Ultracapacitor Manufacturer Adds Former Maxwell Technologies Executive to Management Team

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., the only U.S. manufacturer of innovative ultracapacitor technologies for military, transportation and alternative energy markets, today announced the appointment of energy storage veteran Brendan Andrews as vice president of marketing and sales. In addition, Ioxus hired former Maxwell Technologies’ Sales Manager Michael Leiber as the regional director of sales. Both Andrews and Leiber bring proven success in the ultracapacitor market, providing a consistent increase in revenue and customers to exceed company business goals.

“This accomplishment, combined with Andrews’ approach to the market and expertise in building sales distribution channels, and Leiber’s extensive experience in building and establishing relationships, will help drive rapid revenue and customer growth for Ioxus.”

Andrews is responsible for the leadership and coordination of Ioxus’ sales and marketing functions and for educating the global market regarding existing and future ultracapacitor technologies. Previously, as Maxwell Technologies’ director of sales and marketing Americas, Andrews was responsible for all sales and marketing activities in North and South America, where he helped lead the company to more than $40 million in revenue, while growing revenue in the Americas by more than 300 percent. Additionally, Andrews increased Maxwell Technologies’ customer base to include new markets such as solid-state drives (SSD) and LED lighting applications. Prior to Maxwell Technologies, Andrews also held management positions with Arcotronics Group and KEMET Electronics Corporation.

“Ioxus’ potential is unprecedented, and its commitment to driving the concept of higher power, higher density ultracapacitors and hybrid ultracapacitors will unleash an industry standard for hybrid-diesel, fuel cell or battery-based vehicles and other energy storage applications,” said Andrews. “This vision, along with outstanding technology, is what draws market adoption of products from companies like Ioxus.”

Additionally, Leiber will help expand Ioxus’ sales and marketing focus globally, including the growth of the global distributor network. At Maxwell Technologies, Leiber helped successfully generate interest and increase the company’s current and potential customer base. Prior to Maxwell Technologies, Leiber held positions at United Chemi-con and BC Components.

“Both Andrews and Leiber contributed to the success of the market’s current ultracapacitor leader, Maxwell Technologies,” said Michael Pentaris, CEO of Ioxus. “This accomplishment, combined with Andrews’ approach to the market and expertise in building sales distribution channels, and Leiber’s extensive experience in building and establishing relationships, will help drive rapid revenue and customer growth for Ioxus.”

Additional Ioxus Information:

• Ioxus data sheets: http://www.ioxus.com/data-sheets.html
• Ioxus store: http://www.ioxus.com/store/
• Ioxus on Twitter: http://www.twitter.com/ioxus

About Ioxus, Inc.

Ioxus is the only company that develops, manufactures and commercializes innovative ultracapacitor technologies entirely in the United States. The company provides cost-effective, green energy solutions for the military, transportation and alternative energy markets. The Ioxus 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 was established by the parent company, Custom Electronics, Inc., which has supplied commercial and military clients with high reliability capacitors and integrated electronic assemblies since 1964. Ioxus is headquartered in Oneonta, N.Y. For more information, visit www.ioxus.com.

Contacts:
Metis Communications
Melissa Cohen
melissa@metiscomm.com
617-236-0500

Harvey Wilkinson Joins Ioxus as Vice President of Buisness Development

Will Apply Deep Industry Experience to Expansion of Ioxus’ Global Sales, Marketing and Business Development Efforts

ONEONTA, N.Y.--(BUSINESS WIRE)--Ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced that Harvey Wilkinson begin_of_the_skype_highlighting end_of_the_skype_highlighting, who has more than two decades of experience in the energy and technology markets, has joined the company as vice president of business development. In his new role, Wilkinson will be responsible for expanding sales and marketing programs worldwide and building new business development initiatives that are consistent with the company’s overall strategy.

“We welcome Harvey to the company and look forward to his leadership in sales, marketing and business development for further company expansion.”

Prior to Ioxus, Wilkinson was the director of embedded systems sales and a product manager at A123 Systems, one of the world’s leading suppliers of lithium ion batteries. Wilkinson was instrumental in developing that company’s products for the global utility market and also managed the rollout of the first large-scale lithium ion battery system for utility grid applications. His experience there - as well as in management, marketing and sales at other energy technology companies including AVESTOR and Beacon Power Corporation - uniquely prepares him to lead expansion efforts at Ioxus.

Wilkinson is a member of the Institute of Electrical and Electronics Engineers (IEEE) and earned his master of science degree in business administration from Boston University. He also holds a bachelor of science degree in computer science and a bachelor of arts degree in history, both from Cornell University.

“All signs point toward enormous growth in the energy storage markets in the coming years, and Ioxus is leading the way with products that are both environmentally safe and technologically superior to competitors’ offerings,” said Wilkinson. “Ultracapacitors are an enabling technology in transportation, alternative energy and military applications – all target markets for Ioxus. The company is making great strides within those industries that will contribute to its ongoing success worldwide.”

“Harvey brings a depth of knowledge and experience to Ioxus that is absolutely essential as we continue to develop, manufacture and sell ultracapacitors that offer higher power density and increased energy capabilities beyond any other ultracapacitor technology available on the market,” said Michael Pentaris begin_of_the_skype_highlighting end_of_the_skype_highlighting, CEO of Ioxus. “We welcome Harvey to the company and look forward to his leadership in sales, marketing and business development for further company expansion.”

Additional Ioxus information:

• Ioxus data sheets – http://bit.ly/aZB7Kv
• Ioxus photos – http://bit.ly/ajcOJE
• Ioxus on Facebook – http://bit.ly/8Y2Po2
• Ioxus on Twitter – http://bit.ly/aaoZF4

About Ioxus, Inc.

Ioxus is the only company that develops, manufactures and commercializes innovative ultracapacitor technologies entirely in the United States. The company provides cost-effective, green energy solutions for the military, transportation and alternative energy markets. The Ioxus 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 was established by the parent company, Custom Electronics, Inc., which has supplied commercial and military clients with high reliability capacitors and integrated electronic assemblies since 1964. Ioxus is headquartered in Oneonta, N.Y. For more information, visit www.ioxus.com.

Contacts:
Metis Communications
Melissa Cohen begin_of_the_skype_highlighting end_of_the_skype_highlighting, begin_of_the_skype_highlighting 617-236-0500 end_of_the_skype_highlighting
melissa@metiscomm.com617-236-0500