Ioxus Receives NYSERDA Grant for Product and Company Expansion

New York State Awards 18 Businesses Funding as the Demand for Cleantech Energy Continues

Oneonta, N.Y., December 11, 2009 – Ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced it received $200,000 from the New York State Energy Research and Development Authority (NYSERDA) Grant to launch its high-voltage device, accelerate sales growth and access new markets. The grant was awarded to fund 18 clean-energy businesses in New York State to help companies expand, commercialize cutting-edge technologies and create new-economy jobs in New York.

NYSERDA helps New York businesses increase their access to markets, customers, investors and partners, and build their capacity to serve a new or expanded customer base. The awards, which totaled up to $200,000 per company and require an equal match from the businesses, will help recipients create jobs, develop business plans, reach customers in the global marketplace, raise capital and build their business infrastructure.

Ioxus is driving sales globally in the alternative energy market to provide electric double layer capacitors (EDLCs) and power modules for military, transportation and alternative energy applications. NYSERDA also awarded up to $1.5 million to Ioxus in April 2009 to support the company’s manufacturing facilities. As a result of the NYSERDA program, Ioxus has raised about $6 million in venture capital funding to support company growth and development of its solutions.

“This grant is a confirmation of the market need for cleantech solutions from an economic and environmental perspective,” said Chad Hall, COO of Ioxus. “Design engineers recognize that ultracapacitors enhance energy efficiency and functionality by extending charge time and reducing the use of batteries for green technologies. As this continues, we will put our efforts toward providing the industry with best-of-breed solutions to meet market demand.”

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.

For more information, contact:
Melissa Cohen
Metis Communications
617-236-0500

Ioxus to Present at Advanced Energy 2009 Conference on How Ultracapacitors Make Battery Modules Greener

Presentation Will Highlight Tips for Deploying Green Energy Solutions for Alternative Energy and Automotive Applications

Oneonta, N.Y. (PRWEB) November 11, 2009 -- Ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced that Michael Tentnowski, vice president of marketing, will present at Advanced Energy 2009 in Long Island, Hauppauge, NY. Tentnowski will present on the “Battery Fuel Cells and Energy Storage” Track IV on November 19 from 3:45 – 5:00 p.m. EST. He will discuss the challenges and solutions design engineers face when deploying battery modules for alternative energy and automotive applications as the need to conserve energy, recycle waste and make environmentally friendly choices continue to evolve.

Each step in the process of greening battery modules requires energy efficient engineering, the development of a complete solution that is designed with energy conservation in mind, and the use of materials that are themselves environmentally safe. Tentnowski will outline ways to support energy efficiency and reduce the aggregate annual consumption of fuel. Executives and engineers will learn how to embrace the promise of energy storage and lead the way in developing environmentally sound, economically advantageous systems. Topics he will cover include:

Greening battery modules in parallel with ultracapacitors, which can store an immense amount of energy and have a response time far faster than batteries alone. This combination uses fewer batteries or lighter duty batteries in a non-toxic way. Using ultracapacitors to support renewable generation technologies, such as providing ride-through during cloud coverage and wind speed changes. Supporting the Public Utility Grid system with power factor correction, load leveling, and assisting battery back-up systems with fast charge/discharge capability.

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.

For more information, contact:
Melissa Cohen
Metis Communications
617-236-0500

Ioxus Announces Distributor Network

Company Expands Availability of High-Power Density Ultracapacitors

ONEONTA, NY--(Marketwire - October 26, 2009) - Ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced the Ioxus Distributor Network. The initiative is launched in response to the increased demand for smaller-sized, higher capacity and greater power density ultracapacitors for military, transportation, utility and alternative energy applications. It provides worldwide distributors such as Advanced Power Components plc, Masline Electronics, Inc and Trendsetter Electronics with a range of technical and marketing support to supply customized solutions for specific applications.

Ioxus offers the only U.S.-manufactured ultracapacitors that are at price parity with competitors, but boast higher capacitance while adhering to high quality standards. The Ioxus Distributor Network includes experienced distributors that sell, implement and support passive components and energy storage technologies. Ioxus provides distributors with ultracapacitors that extend the charge time and reduce battery use in electronics, hybrid vehicles, wind farms, material handling equipment and other green technologies.

"Ioxus, together with our distributors, helps expand the worldwide use of ultracapacitors for clean technology," said Chad Hall, COO of Ioxus. "Our goal is to help customers by providing them with professional, local partners dedicated to delivering high-power density Ioxus ultracapacitors with quality support and technical assistance."

From the Ioxus Distributor Network:

"We have worked with Ioxus' parent company, Custom Electronics, for more than 20 years to provide commercial and military clients with high-reliability capacitors and integrated electronic solutions. Custom Electronics provides a foundation of engineering, packaging and customer service excellence for Ioxus that other ultracapacitor manufacturers do not have, setting Ioxus apart from its competitors," said Kevin Brooks, technical manager of Advanced Power Components plc. "Competitor manufacturers do not have the US-based customer support that Ioxus has, making Ioxus the most attractive option for companies looking for on-demand support and service."

Glenn Masline, CEO of Masline Electronics, Inc., said, "We have succeeded for 60 years because we create solutions that leverage new technologies to help customers do things efficiently and effectively. Not only is Ioxus a generation ahead of its competitors in the design of its product, the Ioxus team is comprised of passionate experts who are more than generous with their time and energy as they educate us on how ultracapacitors and their various applications can improve our customers' businesses."

"Reliable energy storage is a core focus of Trendsetter Electronics. By signing Ioxus, we can address the high-energy density design requirements for emerging market applications," said Carol Williams, president and CEO at Trendsetter Electronics. "The Electric Double Layer Capacitor (EDLC) technology will replace and/or extend the life of batteries, power future propulsion systems and enable next generation power architectures. Ioxus' green ultracaps are critical for OEMs focused on reducing carbon emissions, powering smart grid applications and providing reliable, efficient, on-demand energy storage."

For more information, please contact Chad Hall at 607-433-9011 x205.

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.

For more information, contact:
Melissa Cohen
Metis Communications
617-236-0500

Ioxus Wins the Otsego County Chamber Annual Breakthrough Award for Innovation in Ultracapacitors

Responds to Launch Demand by Expanding Sales Team and Operations

ONEONTA, NY--(Marketwire - September 21, 2009) - Ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced it is receiving the Otsego County Chamber Annual Breakthrough Award. Additionally, Ioxus is expanding its sales team and offering its ultracapacitors online in response to the demand generated by its recent company launch.

The Otsego County Chamber Annual Breakthrough Award, which celebrates the spirit of entrepreneurism and innovation in Otsego County businesses, will be presented to Ioxus at the 10th Annual Small Business Banquet on October 8, 2009. "In the selection of Ioxus, we couldn't find a better company that meets the criteria of cutting-edge innovation that has the potential to markedly impact our region," said Rob Robinson, president and CEO of the Otsego County Chamber of Commerce. "Ioxus is everything we dreamed of when we created the award four years ago."

As Ioxus prepares to accept this award, it is expanding company operations and accelerating its market penetration. By increasing its sales team and offering its product online, Ioxus continues to drive the global sales process by expanding the reach and adoption of its first family of Electric Double Layer Capacitors (EDLCs) and power modules for military, transportation and alternative energy applications. These additions will spur Ioxus' continued growth in the alternative energy market.

"Receiving this innovation award and expanding our sales operations demonstrates the accelerated market penetration since our launch," said Chad Hall, chief operating officer at Ioxus. "As cost-effective, green energy solutions continue to garner worldwide attention, Ioxus is positioned to capture and maximize growth opportunities through high-performance ultracapacitors that improve efficiency in a wide variety of applications."

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.


Contact:
Melissa Cohen
Metis Communications
617-236-0500

Ioxus Launches 100 Percent U.S. Manufactured Ultracapacitors With Higher Power Densities for Military, Transportation and Alternative Energy Industrie

New Development Breaks Battery and Energy Storage Boundaries

ONEONTA, NY--(Marketwire - August 3, 2009) - Ioxus, Inc., developers, manufacturers and commercializers of innovative ultracapacitor technologies for a wide range of energy storage markets, today launched its first family of Electric Double Layer Capacitors (EDLCs) and power modules for military, transportation and alternative energy applications. Ioxus' family of ultracapacitors provides smaller-sized solutions with more capacitance and greater power densities over competitors.

Higher Power Density

Ioxus' ultracapacitors provide energy storage to improve the efficiency of hybrid electric vehicles by recycling the energy captured during braking and lowering peak power requirements on hybrid-diesel, fuel cell or battery-based vehicles. By stabilizing the power output of these systems with ultracapacitors, fuel-cell and battery-based applications realize significant increases in life cycles. When used in combination with batteries or other energy sources, Ioxus EDLCs reduce power drain from the energy source and extend its available life up to 400 percent.

Made in the U.S.

Ioxus stands alone in providing 100 percent U.S.-made ultracapacitors that extend the charge time and reduce the use of batteries for electronics, hybrid vehicles, wind farms, material handling equipment and other green technologies. As a subsidiary of Custom Electronics, Inc., which has supplied commercial and military clients with high-reliability capacitors and integrated electronic solutions since 1964, Ioxus manufactures price competitive products that have higher capacitance and adhere to rigorous quality standards. The company also is working towards AS9100 and ISO-9001 certification.

The New York State Energy Research and Development Authority (NYSERDA) awarded up to $1.5 million to Ioxus in April 2009 to support the company's manufacturing facilities. As a result of the NYSERDA program, Ioxus raised $5 million in venture capital funding to support manufacturing and development of its solutions.

"Attention to alternative energy sources is increasing rapidly as the world searches for sustainable, renewable solutions," said Linnea Brush, senior research analyst of Darnell Group. "This launch further validates that the market continues to grow and that there is large demand for promising ultracapacitor and battery technologies from economic and environmental perspectives."

The following Ioxus ultracapacitors and pseudo-capacitors are available now at www.ioxus.com, starting at $8 for high quantities of 100 Farad cells:

--  100F, 2.7V ultracapacitors
--  350F, 2.7V ultracapacitors
--  400F, 2.7V ultracapacitors
--  600F, 2.7V ultracapacitors
--  2000F, 2.7V ultracapacitors
--  220F, 2.3V pseudo-capacitors
--  800F, 2.3V pseudo-capacitors
--  1000F, 2.3V pseudo-capacitors
  

"Renewable energy sources such as ultracapacitors are a sensible solution to augment fossil fuel energy sources," said Chad Hall, chief operating officer at Ioxus. "The cyclical nature of solar, wind and wave systems require a means to temporarily store energy and deliver power when required. Our high performance products offer these systems a solid solution while delivering the stored energy during down cycles."

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.

For more information, contact:
Melissa Cohen
Metis Communications
617-236-0500

MetroGreen Business Gives a Nod to Ioxus

We want to thank the folks over at MetroGreen Business for getting out the word on our recent NYSERDA Incentive award.

You can read the whole story here.

NYSERDA Awards Ioxus a Manufacturing Business Incentives

We are very happy to announce that the New York State Energy Research and Development Authority has awarded up to $1.5 million in incentives to Ioxus, calling our Redicap ultracapacitor "an innovative energy-efficient product."

This is the first award under NYSERDA’s enhanced Manufacturing Business Incentive Program, an open-ended application for bridge funding available to firms manufacturing innovative energy-efficient products in New York State. NYSERDA noted that Ioxus "has shown significant prospect in developing new products that are energy efficient and demonstrated its need for bridge capital to bring those products to market."

Gov. David A. Paterson said of NYSERDA's program: “New York State is committed to tapping our ingenuity and growing the clean-energy technology sector to revitalize manufacturing. To boost our efforts, this incentive program is part of a suite of NYSERDA initiatives that address clean energy startups, business growth and manufacturing expansion. These programs’ applications are open-ended and can award up to $1.5 million to clean-energy manufacturing applicants.”

Francis J. Murray, Jr., NYSERDA President and CEO noted that “NYSERDA offers with this funding the kind of bridge financing that many young companies need and especially in our current economy, often cannot obtain. Ioxus is committed to meeting our program standards and developing products that can benefit New York with energy efficiency and job development. We are pleased to provide this assistance.”

Our CEO, Michael Pentaris, said he “is committed to making Ioxus a leading company in the field of green energy products and revitalizing the upstate economy through the creation of jobs and we appreciate NYSERDA and the State of New York’s help in making this a reality.”

Information on application requirements and assistance from NYSERDA staff are available on the web at add www.nyserda.org/businessdevelopment .

Oneonta Weekly Newspaper Profiled Ioxus

We are thrilled by the coverage Ioxus got from the weekly nws organization HomeTown Oneonta - The Otsego-Delaware Dispatch.

The publisher wrote a story comparing our entry into a leading edge field to previous technical advancements by other regional notables, including the founders of IBM and Fairchild Aviation.

The news provider also profiled Ioxus President and CEO Michael Pentaris.

You can read both stories on the Hometown Oneonta website.

New CO2 Standards Could Mean Rapid Switch to Alternative Energy

The Wall Street Journal reported this week that the new administration’s energy czar, Carol Browner is looking at defining CO2 emissions standards.

Officially recognizing that carbon dioxide is a danger to the public would require the government, under the Clean Air Act, to draw up regulations governing greenhouse-gas emissions from coal-fired power plants, refineries, chemical plants, cement firms, vehicles and any other emitting sectors.

This could mean that a wide array of industries will need to make the rapid move to alternative forms of energy, including using ultracap modules to store energy.