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.