Advertisement

Ioxus, Inc. announced that it has acquired Advanced Energy Conversion (AEC), which specializes in energy conversion systems using embedded controls, power electronics, and electric machines. Ioxus will incorporate AEC products into its current offerings to deliver what it says is the most comprehensive, energy-efficient systems solutions for hybrid electric vehicles, wind pitch control and other energy storage applications.

Ioxus, which worked with AEC on several projects prior to the acquisition, plans to expand AEC’s 12-member staff and retain its New York-based property, creating local jobs and maintaining its status as the only ultracapacitor company manufacturing exclusively in the United States.

SOURCE

Advertisement
Advertisement