ONEONTA, N.Y.--(Ioxus, Inc., the only U.S. manufacturer of innovative ultracapacitor technologies for military, transportation and alternative energy markets, today announced that Frost & Sullivan has chosen Ioxus for the 2010 North American Ultracapacitor Market Enabling Technology of the Year Award. In selecting Ioxus for this honor, Frost & Sullivan analysts considered several performance benchmarks, including the ability to enable creation of new products and applications and to enhance current products, as well as Ioxus’ potential for market acceptance and the breadth of access to the technology.)--
“Based on a keen competitive position in the market, coupled with an exciting and innovative new supplement to the batteries market, Ioxus is the worthiest recipient of the 2010 Frost & Sullivan Enabling Technology of the Year Award.”
“In applications such as hybrid electric buses, wind turbine pitch control systems or grid support systems, energy storage devices are subjected to a very high number of charge/discharge cycles,” said Frost & Sullivan Research Analyst Anu Cherian. “Ultracapacitors are capable of delivering one thousand times or more of charge/discharge cycles than that of batteries, making them ideal devices for high-cycle applications, either alone or in combinations with batteries. Ioxus is not the oldest company in this market, but it is the first to demonstrate the foresight needed to offer an out-of-the-box solution that optimizes space, as well as lowers the total cost of ownership for the end user.”
While batteries are inherently functional energy storage devices, they can be charged/discharged relatively slowly. Ultracapacitors are power delivery devices that are capable of very high charge and discharge rates. Therefore, Ioxus’ ability to meet the needs of a wide range of applications with custom-built or module-based ultracapacitors that augment battery usage was among the strengths Frost & Sullivan cited in detailing its award selection process. Ioxus’ ultracapacitor was also noted as an enabling technology to the growing set of existing and new energy storage applications.
“One of the key differences we saw between Ioxus and its competitors is Ioxus’ control of its manufacturing and intellectual property,” said Cherian, when referring to Ioxus’ formulation and building of its own electrodes. “Based on a keen competitive position in the market, coupled with an exciting and innovative new supplement to the batteries market, Ioxus is the worthiest recipient of the 2010 Frost & Sullivan Enabling Technology of the Year Award.”
“Ioxus is honored to have been named for this award,” said Harvey Wilkinson, Ioxus’ vice president of business development. “We are dedicated to producing ultracapacitors that support cost-effective, energy solutions for all the markets we serve, and we see this accomplishment as affirmation of our module- and custom-based approaches to delivering these products to our customers.”
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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.