“This honor signifies Ioxus’ ongoing commitment to manufacturing ultracapacitors with increased energy and higher power density than existing market solutions,” said Jaworski.
Oneonta, NY (PRWEB) March 15, 2010
ioxus, Inc., developers and manufacturers of innovative ultracapacitor technologies for a wide range of energy storage markets, today announced its inclusion in AlwayOn’s 2010 GoingGreen Top 50 (GGE50) in the Energy Storage Systems category. In addition, Ioxus’ Chief Strategy Officer, Dr. Robert Jaworski, was elected to the New York Battery and Energy Storage Technology Consortium (NY BEST) Board of Directors.
The GGE50 is comprised of companies developing game-changing approaches and disruptive technologies. Criteria for winners included market size, potential, solid management team, product feasibility and expected company success. Ioxus’ placement in the Energy Storage Systems category reflects the constant industry need for devices to buffer and store intermittent power.
“This honor signifies Ioxus’ ongoing commitment to manufacturing ultracapacitors with increased energy and higher power density than existing market solutions,” said Jaworski. “We will continue to develop high-performance, environmentally safe technology that can quickly store and deliver energy in demanding applications. We expect the energy storage market to grow enormously over the next few years and we are confident that Ioxus will be one of the emerging players leading the charge.”
In addition to Ioxus’ GGE50 nomination, Jaworski was named to the NY-BEST board of directors. NY-BEST strives to position New York as the global leader in energy storage technology with direction from Governor David Paterson. The Consortium was established to capitalize on New York’s existing technical and industrial capabilities to advance New York's clean energy and storage technology industries. The state will invest approximately $25 million in seed funding for the Consortium, using funding from New York's participation in the federal Clean Air Interstate Rule. Jaworski has more than 18 years of cleantech experience in academia, industry, capital markets and investment banking. Before joining Ioxus, he started Vortex Advisors, and co-founded Jefferies Cleantech Investment Banking Practice, a team of senior bankers that focus on the renewable energy and clean technology sectors.
Ioxus experienced further momentum last week when the New York State Energy Research and Development Authority (NYSERDA) announced that it will award $8 million to help develop or commercialize 19 cutting-edge energy storage projects that will help build New York’s clean energy economy for the future. Ioxus received $600,000 of this funding, under three projects, to improve its ultracapacitor performance through developing a novel electrode-electrolyte interface, using nanostructured materials in the electrodes, and developing a new high energy density electrode material.
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 http://www.ioxus.com.
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