Ioxus Appoints Philip Meek Chief Operating Officer

Jeff Colton Joins Company as a Vice President of Sales

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 Philip Meek has been named chief operating officer. Meek brings to Ioxus more than two decades of experience in strategic leadership of high-tech and traditional manufacturing environments at companies including Ultralife, a manufacturer of lithium batteries, and Duracell, a subsidiary of Gillette. As COO, Meek will oversee the company’s manufacturing, supply chain, quality, logistics, maintenance and training initiatives.

“At Ioxus, I look forward to fostering a team that builds on the strong technology reputation of this company and responds quickly to increased market opportunity with innovative, efficient product development and manufacturing.”

During his 12 years at Ultralife, Meek identified acquisition targets, established new manufacturing opportunities in the U.S. and Asia, and added 65 new products to the company portfolio. His leadership facilitated a growth in annual revenue from $16 million to $250 million. Meek’s skills in lean manufacturing techniques and profit-and-loss strategy will be invaluable to Ioxus as the company continues to build its international sales, marketing and manufacturing organizations to meet the worldwide demand for ultracapacitors and hybrid capacitors.

“Throughout my career, I’ve worked along every step of the supply chain, from overseeing production to initiating lucrative customer relationships,” said Philip Meek, Ioxus COO. “At Ioxus, I look forward to fostering a team that builds on the strong technology reputation of this company and responds quickly to increased market opportunity with innovative, efficient product development and manufacturing.”

Ioxus also announced today the appointment of Jeff Colton to the position of vice president of sales. Colton was most recently the senior vice president of sales and marketing at Pentadyne Power Corporation, where he successfully reduced costs, increased revenue and expanded the company’s market share by 30 percent. Colton’s experience includes 20 years of success in leading technical sales and marketing teams, including executive positions at Sanyo Electric Corporation, General Electric Corporation and Saft Battery Corporation. As Ioxus vice president of sales, Colton is charged with managing and growing North American Sales in various alternative energy sectors.

Mark McGough, Ioxus CEO, said, “Philip and Jeff have impressive experience in driving exponential corporate growth. Their work in U.S. and China will be put to good use at Ioxus, as we answer the growing call for cleaner, greener energy storage capabilities. Manufacturers in the automobile, wind power and LED lighting industries are eager to adopt hybrid capacitors and ultracapacitors, and these new additions to our team will drive operational processes to meet those needs.”

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.