SOURCE: Ioxus, Inc.

Ioxus, Inc.

September 21, 2009 08:45 ET

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.

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