Ioxus Ultracapacitors to be used in Solid-State Generators

Ioxus, Inc. has been selected by FlexGen® Power Systems, an Earl Energy Company, to deliver high-powered ultracapacitors for use in FlexGen's Solid State Generator drilling products. Ioxus ultracapacitors will be an important component of FlexGen® Power Systems' global line of oil and gas products as they deliver more than 25 drilling systems over the next two years. FlexGen® Power Systems is a veteran owned and operated energy technology company that provides innovative power equipment products for military, oil & gas, marine, and mining & industrial operations. Their FlexGen® Solid State Generators are fundamentally changing power generation in the oil & gas, mining, marine, and industrial markets by combining advanced energy storage and power conversion technologies to hybridize gensets to provide maximum performance, reliability, and efficiency.

”We are excited about FlexGen® Power Systems game-changing hybrid drill rig system” says Mark McGough, President and CEO, Ioxus. “Their FlexGen® Solid State Generators have the ability to fundamentally change the oil and gas industry and we are confident our performance-proven ultracapacitor technology will play a big role in the success of their product.”

“We evaluated a number of suppliers in the ultracapacitor market and Ioxus’ performance, reliability and cost are unmatched. Ioxus ultracapacitors are a key component to our FlexGen® Solid State Generators’ success and we look forward to working with them to continue delivering best-in-class hybrid power systems.” Said Josh Prueher, Chief Executive Officer, FlexGen® Power Systems.