Maxwell in the News

Maxwell in the News

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DateTitle
4/23/2017 Overcoming grid power failure: Using ultracapacitors for reliable genset starting

We’ve all been in a building, or at home, when the power unexpectedly goes out and everything goes dark. If you’re at home, maybe your alarm clock resets and you’re late for work the next morning. But in critical facilities like hospitals, the consequences can be detrimental. Doctors and nurses rely on power to treat patients, so there must be a backup power source to ensure that even if the power grid fails, patients can still receive the treatment they need. The same is true for facilities like financial data centers, where a power outage can result in significant data and financial loss, or even airlines and flight control centers, where power failure can threaten the safety and security of travelers.

4/13/2017 Generator Modules Can Replace Batteries - Facility Management Product Release

Grid power failures are a major concern for power-critical facilities such as hospitals, hotels, data centers and server farms. Maxwell’s GSS modules support a variety of gensets, from towables to stationary power systems, and bring a high level of confidence to building operators that gensets will start when needed. While failure-to-start is often battery-related, Maxwell’s GSS modules can be installed alongside batteries to provide burst power during cranking. Alternatively, GSS modules can replace batteries entirely, thereby eliminating the most common reason for genset failure-to-start.

4/10/2017 Maxwell Signs $47 Million Strategic Equity Investment Agreement with China's SDIC Fund Management Co., Ltd.

Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell"), a leading developer and manufacturer of capacitive energy storage and power delivery solutions, today announced the signing of a stock purchase agreement (the "Agreement") with SDIC Fund Management Co., Ltd. ("SDIC Fund Management").

4/10/2017 Maxwell Technologies Announces Agreement with Viex Capital Advisors

AN DIEGO, April 10, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell" or the "Company"), a leading developer and manufacturer of capacitor energy storage and power delivery solutions, announced today that it entered into a cooperation agreement with Viex Capital Advisors, LLC and its affiliates ("Viex") under which the Maxwell Board has agreed to appoint Mr. John Mutch as an independent director and to nominate Mr. Mutch for election at the 2017 Annual Meeting of Stockholders as a Class III director of the Company for a term expiring in 2020. Mr. Mutch was selected by Viex but is not an affiliate or associate of Viex. Additionally, the Company and Viex have agreed that, following the 2017 Annual Meeting, the Board will reduce its size to eight, including the Viex nominee.

4/7/2017 How Ultracapacitors Can Support the Growing Wind Industry

The nation’s largest renewable resource is growing. According to AWEA, wind-related employment will grow to reach 248,000 jobs by 2020. Additionally, the wind industry invested more than $13.8 billion in projects in 2016. It’s clearly an exciting time for the industry and its employees. For those considering a job in renewable energy, now just might be your time. As we celebrate this growth, it’s important to consider what the future of wind power looks like. How do we continue to innovate and keep this momentum alive?

3/23/2017 Maxwell to acquire Nesscap's energy business for $23m

Maxwell Technologies announced in February that it planned to buy the operational assets of supercap firm Nesscap Energy for $23 million.

3/22/2017 Maxwell Technologies acquires Nesscap Energy

Maxwell Technologies has agreed to acquire Nesscap Energy for $23.175 million, or about 1.1 times Nesscap’s annualized revenue. The purchase price will be paid by the issuance of approximately 4.6 million Maxwell shares. Nesscap has operations in Korea, Germany, and China.

3/1/2017 Maxwell Technologies acquired Nesscap

Maxwell Technologies (Nasdaq: MXWL) acquired Nesscap (TSXV:NCE) for $23.175 million.

3/1/2017 Maxwell Technologies to Acquire Nesscap Energy Business

Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell") and Nesscap Energy Inc. (TSX VENTURE: NCE) ("Nesscap"), leading developers and manufacturers of capacitive energy storage and power delivery solutions, announced that they have entered into an agreement (the "Arrangement Agreement") in which Maxwell proposes to acquire substantially all of the assets and business of Nesscap (the "Arrangement" or the "Transaction").

3/1/2017 Maxwell Technologies to acquire Nesscap Energy for $23M; strengthens position in automotive, industrial, wind

Maxwell Technologies and Nesscap Energy Inc., leading developers and manufacturers of capacitive energy storage and power delivery solutions, have entered into an agreement in which Maxwell proposes to acquire substantially all of the assets and business of Nesscap for a total purchase price of $23.175 million, or about 1.1 times annualized revenue based on Nesscap’s 9-month revenue ended 30 September 2016.

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