FOR IMMEDIATE RELEASE
Knoxville, TN: XS Power Batteries® announced today its acquisition of all of the assets of New York-based ultracapacitor manufacturer, Ioxus, Inc.
Ioxus® will continue to manufacture the same great quality products through Systematic Power Manufacturing, LLC, a wholly owned subsidiary of Systematic Power Solutions, LLC d/b/a XS Power Batteries®. Existing customer orders will continue to ship on schedule with no foreseeable delays in the manufacturing and delivery process. The company will continue to push the envelope with new product development and advancements in the ultracapacitor industry.
“For many years XS Power Batteries® has partnered with Ioxus® to offer ultracapacitor products to our customers because Ioxus® has always offered the most reliable, powerful and longest lasting product suitable for the rigorous demands of our customers,” explains Scottie Johnson, founder and CEO of XS Power Batteries®. “The opportunity to combine the synergistic technologies and expertise of both companies to develop and manufacture cutting edge new products, including high tech lithium batteries, smart charging solutions and new hybrid capacitor and battery solutions will propel both brands forward much further than ever possible individually.”
Chad Hall, Co-Founder of Ioxus, Inc. also commented, “For most applications, ultracapacitors were always intended to complement batteries, not replace them. With the streamlined collaboration under common ownership, XS Power Batteries® and Ioxus® will be able to expand their offerings to their respective customers and supply more advanced hybridized energy storage options in the future.”
XS Power Batteries® is a manufacturer and distributor of high-performance batteries, chargers, capacitors, cable and accessories located in Knoxville, Tennessee. Offering AGM, lithium, and custom-made power solutions, as well as a complementary line of accessories to the automotive, powersports, marine and commercial markets worldwide. For more information on XS Power Batteries®, please visit www.xspowerbatteries.com or call 865-688-5953.
Ioxus® is the smart power company that designs and manufactures intelligent power and energy storage technology for transportation, alternative energy, medical, industrial and grid-connected markets. Designed and manufactured in the U.S., the company’s uSTART® and X-Series® products are based on patented ultracapacitor technology. Ioxus® is headquartered in Oneonta, NY. For more information on Ioxus®, please visit www.ioxus.com or call 1-877-751-4222.