Ioxus Relocates to Former National Soccer Hall of Fame

Larger facility to house expanding company, including new hires in R&D

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 relocating to the former National Soccer Hall of Fame building in Oneonta, N.Y., a facility large enough to accommodate the company’s steady growth. Ioxus signed a five-year lease for the site, which includes the former museum building and surrounding grounds.

“This is an exciting time in the field of ultracapacitors and hybrid capacitors, with few other companies making the kind of advances Ioxus can claim”

“Ioxus has strong ties to the region, and we’re pleased to be moving into an absolute showcase facility, which will help us continue to attract world-class talent to Ioxus,” said Mark McGough, CEO of Ioxus. “This facility will be second to none in the industry, and since demand for Ioxus ultracapacitors is growing internationally, the work right here in Oneonta will support sales and marketing efforts around the world. This facility allows us to more than quadruple our capacity as is, and with sited expansion the sky’s the limit on what we can produce.”

Ioxus is currently modifying the building and will start moving employees into the site later this month. Ioxus recently held a job fair at the location, fielding interest from local candidates for 30 new positions, including jobs in finance and research and development. New employees will include hires in research and development, as well as a new COO, a new controller and additional personnel in various business positions.

Ioxus’ upcoming relocation comes amidst an expanding customer base in Asia, where Chinese manufacturers, in particular, are adopting ultracapacitors for wind turbine and hybrid bus applications. Ioxus recently announced an increased presence in the region, with marketing, distribution and direct sales organizations. At home, Ioxus recently acquired Advanced Energy Conversion (AEC), a maker of thermal designs, electrical performance and power electronics. Ioxus is incorporating AEC’s products into its energy-efficient storage packages for hybrid electric vehicles and other green technology applications.

“This is an exciting time in the field of ultracapacitors and hybrid capacitors, with few other companies making the kind of advances Ioxus can claim,” said McGough. “With a larger headquarters facility and additional, high-caliber professionals in key positions, we are poised for continued growth and success in the coming years.”

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.

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