Maxwell Technologies Launches Advanced Energy Storage Power Delivery Solutions for Utility Grids and Microgrids
SAN DIEGO, June 27, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, today announced the launch of two new highly scalable products to deliver reliable, fast responding, long lifetime storage in grids and microgrids. Having deployed over 65 million ultracapacitors globally with more than eight million in grid applications, these ready-to-integrate products address the growing need for power-intense grid services, and feature advanced utility grade control and communications to facilitate integration at the transmission, distribution substation and commercial/industrial level.
Maxwell puts lifetime value of ultracap subsystem deal with Geely/Volvo at ~$100M
Maxwell Technologies is putting the lifetime value of its recently announced deal to provide ultracapacitor-based subsystems to Zhejiang Geely Holding Group (Geely), the parent company of leading brands such as Volvo and Geely Auto (earlier post), at $100 million. Under the deal, Maxwell will provide multi-cell ultracapacitor subsystems with power electronics that will be applied in Geely and Volvo mild-hybrid and plug-in hybrid electric vehicles. The vehicles will initially be available in North America and Europe.
Ultracaps Take Next Step With Maxwell’s Geely-Volvo Application
Maxwell Technologies’ recent contract win to supply Zhejiang Geely with a complete ultracapacitor module for use in mild-hybrid vehicles marks a turning point both for the company and the advanced energy-storage technology.
Maxwell’s CEO, Dr. Franz Fink , was interviewed by the San Diego Union Tribune regarding our recent announcement with Geely/Volvo
San Diego-based Maxwell Technologies has partnered with the owners of Volvo, the carmaker that plans to completely phase out internal combustion vehicles in its fleet and move exclusively to electric vehicles (EVs) and hybrids.
Geely Going With Ultracapacitors
When the discussion of electrified vehicles comes up, the subject of lithium-ion batteries soon emerges. But there is another power storage device that is becoming increasingly important: the ultracapacitor.
Geely/Volvo Awards Maxwell Technologies with Ultracapacitor Subsystem Design Win for 2020 Model Year Platforms
SAN DIEGO, May 8, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of capacitive energy storage and power delivery solutions, today announced a technology partnership with Zhejiang Geely Holding Group (Geely), the parent company of leading brands such as Volvo and Geely Auto.
Maxwell Technologies Announces Date for 2018 Annual Meeting of Stockholders
SAN DIEGO, March 14, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of capacitor-based energy storage and power delivery solutions, announced today that the 2018 Annual Meeting of Stockholders will be held on Tuesday, May 15, 2018. The meeting will be held at 11:00 a.m. PT at the company's headquarters, located at 3888 Calle Fortunada, San Diego, CA 92123. Pursuant to the Company's bylaws, the deadline for properly presented stockholder proposals, including director nominations, is March 16, 2018. Shareholders of record as of March 23, 2018, will be entitled to notice of, and to attend and vote at, the annual meeting.
Maxwell Announces Participation in the 30th Annual ROTH Conference
SAN DIEGO, March 5, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that Dr. Franz Fink, President and Chief Executive Officer, will present at the 30th Annual ROTH Conference to be held at The Ritz-Carlton in Dana Point, California. The presentation is scheduled to take place on Monday, March 12 beginning at approximately 11:30 a.m. Pacific Time.
Maxwell Reports Fourth Quarter and Full Year 2017 Results
SAN DIEGO, Feb. 15, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported financial results for the three months and full year ended December 31, 2017. Total revenues for the fourth quarter of 2017 were $30.8 million, compared with $35.8 million for the third quarter of 2017 and $26.4 million for the prior year quarter. Net loss for the fourth quarter of 2017 was $8.8 million, compared with a net loss of $13.9 million for the third quarter of 2017 and a net loss of $12.2 million for the prior year quarter. The Company reported $(1.8) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the fourth quarter of 2017, compared with $(2.1) million for the third quarter of 2017 and $(3.9) million for the prior year quarter. Non-GAAP net loss for the fourth quarter of 2017 was $5.3 million, compared with a non-GAAP net loss of $4.9 million for the third quarter of 2017 and $7.5 million for the prior year quarter.
Maxwell Announces Fourth Quarter 2017 Earnings Release Date
SAN DIEGO, Feb. 1, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that it plans to release financial and operational results for the fourth quarter 2017 after market close on Thursday, February 15, 2018. Following the release, Maxwell management will host a conference call with a live webcast to discuss these results. Other forward-looking and material information may also be discussed during this call.