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