Press Releases

Press Releases

For an archive of all press releases visit our investors page
DateTitle
7/27/2016 Maxwell Technologies Delivers Regenerative Braking Energy Storage For Beijing Subway System

SAN DIEGO, July 27, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced its ultracapacitors are used for regenerative braking energy storage in the Beijing subway system. As part of the strategic partnership with China Railway Rolling Stock Corporation (CRRC-SRI) Maxwell announced last year, the companies continue to collaborate to develop next-generation capacitive energy storage solutions for the China rail market.

7/1/2016 Jörg Buchheim to Join Maxwell Technologies Board of Directors

SAN DIEGO, July 1, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that Jörg Buchheim has been appointed to Maxwell's board of directors as a new independent director effective July 1, 2016. Buchheim served as Maxwell's senior vice president and chief sales officer since March 2016 and resigned from Maxwell on June 30, 2016, to take a new position as the chief executive officer of INALFA Roof Systems B.V., a top 3 global supplier of vehicle roof systems located in Europe.

5/3/2016 Maxwell Reports First Quarter 2016 Results

SAN DIEGO, May 3, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three months ended March 31, 2016. Total revenues for the first quarter of 2016 were $35.2 million, compared with $49.8 million for the fourth quarter of 2015 and $34.7 million for the prior year quarter. The Company reported $(1.3) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the first quarter of 2016, compared with $3.9 million for the fourth quarter of 2015 and $(4.9) million for the prior year quarter. Net loss for the first quarter of 2016 was $6.8 million, compared with $2.2 million for the fourth quarter of 2015 and $9.3 million for the prior year quarter. Non-GAAP net loss for the first quarter of 2016 was $4.3 million, compared with non-GAAP net income of $0.6 million for the fourth quarter of 2015 and non-GAAP net loss of $8.5 million for the prior year quarter.

4/27/2016 Maxwell Technologies Completes Sale of Microelectronics Product Line to Data Device Corporation for $21 Million

SAN DIEGO, April 27, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that it has completed the previously announced sale of its microelectronics product line to Data Device Corporation ("DDC"), a subsidiary of ILC Industries, Inc. The sale included all assets and certain liabilities related to the microelectronics product line. As part of the purchase agreement, 37 employees have transitioned from Maxwell to DDC. Existing product customers and business partners should see no disruption in service.

4/12/2016 Maxwell Technologies Announces Agreement for Sale of Microelectronics Product Line

SAN DIEGO, April 12, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that it has entered into a definitive agreement to sell its microelectronics product line to Data Device Corporation, a subsidiary of ILC Industries, Inc. The agreement includes all assets and certain liabilities related to the microelectronics product line.

3/2/2016 Automotive Industry Veteran Jörg Buchheim Joins Maxwell Technologies as Senior Vice President and Chief Sales Officer

SAN DIEGO, March 2, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced that Jörg Buchheim will join the company as senior vice president and chief sales officer, effective March 7, 2016. Buchheim succeeds Michael Finger who is leaving the company for personal reasons.

2/16/2016 Maxwell Technologies Announces 3-Volt Addition To Industry-Leading Line Of Large Ultracapacitor Cells

SAN DIEGO, Feb. 16, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, announced the newest addition to its K2 family with a 3-volt (3V), 3,000-farad ultracapacitor cell, now available in sample quantities. With 31 percent higher power than Maxwell's leading 2.7-volt, 3,000-farad cell in the industry-standard 60 mm cylindrical form factor, customers now have the flexibility to either increa

2/16/2016 Maxwell Reports Fourth Quarter And Full Year 2015 Results

SAN DIEGO, Feb. 16, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three months and year ended December 31, 2015. Total revenues for the fourth quarter of 2015 were $49.8 million, compared with $45.1 million for the third quarter of 2015 and $52.9 million for the prior year quarter. Fourth quarter ultracapacitor revenue was $37.3 million, an increase of 17% from the third quarter of 2015 and a decrease of 9% from the prior year quarter. The Company reported $3.9 million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the fourth quarter of 2015, compared with $3.8 million for the third quarter of 2015 and $4.6 million for the prior year quarter. Net loss for the fourth quarter of 2015 was $2.2 million, compared with $1.4 million for the third quarter of 2015 and $2.1 million for the prior year quarter. Non-GAAP net income for the fourth quarter of 2015 was $588,000, compared with $234,000 for the third quarter of 2015 and $506,000 for the prior year quarter.

1/19/2016 Maxwell Technologies Selected For China Guodian Corporation's First Ultracapacitor-Based Wind Energy Storage System

SAN DIEGO, Jan. 19, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery products, announced today its ultracapacitors have been selected by Beijing Huadian Tianren Electric Power Control Technology Co., Ltd., a subsidiary of China Guodian Corporation, as the core component of a wind farm energy storage demonstration project. One of the five largest power producers in the country, China Guodian Corporation's system is the first megawatt (MW)-scale, ultracapacitor-based wind farm energy storage system in the world.

10/29/2015 Maxwell Reports Third Quarter Results

SAN DIEGO, Oct. 29, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three and nine months ended September 30, 2015. Total revenues for the third quarter of 2015 were $45.1 million, an increase of 19.3% from the second quarter of 2015 and an increase of 8.4% from the prior year quarter. Ultracapacitor revenue increased to $31.8 million, an increase of 35.6% from the second quarter of 2015 and an increase of 10.4% from the prior year quarter.

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