Ioxus, a manufacturer of ultracapacitor technologies for military, transportation and alternative energy markets, has acquired Advanced Energy Conversion (AEC), a company that develops energy conversion systems using embedded controls, power electronics, and electric machines.
Ioxus will leverage AEC’s systems application experience to customize its products’ design in order to meet the individual needs of its clients ranging from individual large cell prismatic electrochemical double layer capacitor to a complete system.
The acquisition will also enable Ioxus to incorporate AEC products into its current offerings to deliver energy-efficient systems for hybrid electric vehicles, wind pitch control and other energy storage applications.
The expanded product portfolio will enhance Ioxus’ commitment to creating environmentally-friendly devices that improve packaged energy and power density, simplify integration and enhance performance for a variety of power applications.
Post acquisition, the company plans to expand AEC’s 12-member staff and retain its New York-based property to create local jobs and maintain its established position in the energy storage industry for ultracapacitor in the US.
Ioxus vice president of engineering David Torrey said that the products built at AEC complement Ioxus offerings and present the market with a cohesive, yet wide-reaching array of energy storage options that incorporate the highest density and performance with the lowest cost.