Press Releases

Press Releases

For an archive of all press releases visit our investors page
DateTitle
2/28/2017 Maxwell Technologies to Acquire Nesscap Energy Business

SAN DIEGO and SEOUL, South Korea, Feb. 28, 2017 /PRNewswire/ -- 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, today 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").

2/7/2017 Maxwell Announces Fourth Quarter 2016 Release Date

SAN DIEGO, Feb. 7, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), announced today that it plans to release financial and operational results for the fourth quarter 2016, after market close on Tuesday, February 28, 2017. 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.

1/31/2017 Maxwell Technologies Expands Partnership with China Railway Rolling Stock Corporation (CRRC) to Localize Ultracapacitor Module Production for the China Bus Market

SAN DIEGO, Jan. 31, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of capacitive energy storage and power delivery solutions, today announced a definitive agreement with CRRC Qingdao Sifang Rolling Stock Research Institute Co. Ltd. (CRRC-SRI) to localize manufacturing of its ultracapacitor-based modules for use in the China new energy bus market. Under the terms of the agreement, localized production of its ultracapacitor-based modules is expected to begin in China in the second half of 2017, coinciding with the peak buying season for China's new energy bus market. The production of bus modules extends Maxwell's strategic partnership with CRRC-SRI and will enable Maxwell to compete more effectively in the China bus market moving forward.

1/17/2017 Maxwell Announces May 10 as Date for 2017 Annual Meeting of Stockholders

SAN DIEGO, Jan. 17, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of capacitor-based energy storage and power delivery solutions, announced today that the 2017 Annual Meeting of Stockholders will be held on Wednesday, May 10, 2017 in accordance with the company's Bylaws. Accordingly, the deadline for properly presented stockholder proposals, including director nominations, is March 11, 2017.

12/12/2016 Maxwell Technologies Announces Generator Starting Solutions for Commercial and Industrial Standby and Backup Generator Market

SAN DIEGO, Dec. 12, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced the Generator Starting Solutions (GSS) product line. As the newest addition to the company's ultracapacitor-based product offerings, the GSS modules help start commercial and industrial standby and backup generators (gensets). Maxwell is the first company to offer dedicated ultracapacitor-based products that provide strong successful genset starts within seconds of loss of power.

11/1/2016 Maxwell Technologies Delivers First Commercial Application of Lithium-Ion Capacitor Technology in China

SAN DIEGO, Nov. 1, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced the first commercial application of lithium-ion capacitors, developed in conjunction with China Railway Rolling Stock Corporation (CRRC-SRI), China's largest rail manufacturer. The technology will be used for rapid energy regeneration in the trolley system in the capital city of the Hunan province in China. Following last year's announcement of Maxwell's strategic partnership with CRRC-SRI to collaborate on developing next-generation capacitive energy storage solutions, this project is the first to leverage Maxwell's new lithium-ion technology and validates its unique value proposition for rail applications.

10/12/2016 Maxwell Technologies Unveils 51-Volt Ultracapacitor Module for Hybrid Bus Market

SAN DIEGO, Oct. 12, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced the 51-volt (51V) module, the newest addition to its ultracapacitor product offerings for rugged applications. The 51V module uses Maxwell's leading 2.85V, 3,400-farad (F) ultracapacitor cell to deliver the company's highest energy and power density available in the market today.

9/28/2016 Maxwell Technologies appoints Olaf Müller senior vice president of global sales

SAN DIEGO, Sept. 28, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced Olaf Müller has joined the company as senior vice president of global sales. A veteran of the automotive industry with deep expertise in sales and business development, Müller is tasked with supporting Maxwell in its efforts for continued worldwide growth and demand for the company's energy storage and power delivery solutions.

8/3/2016 Maxwell Announces Participation in Canaccord Genuity 36th Annual Growth Conference

SAN DIEGO, Aug. 3, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that Dr. Franz Fink, president and chief executive officer, will present at the Canaccord Genuity 36th Annual Growth Conference to be held at the InterContinental Hotel in Boston, Massachusetts. The presentation is scheduled to take place on Wednesday, August 10th beginning at approximately 2:00 p.m. Eastern Time.

8/2/2016 Maxwell Reports Second Quarter 2016 Results

SAN DIEGO, Aug. 2, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three months ended June 30, 2016. Total revenues for the second quarter of 2016 were $34.1 million, compared with $35.2 million for the first quarter of 2016 and $37.8 million for the prior year quarter. Net income for the second quarter of 2016 was $2.2 million, compared with a net loss of $6.8 million for the first quarter of 2016 and a net loss of $9.4 million for the prior year quarter. The Company reported $(0.7) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the second quarter of 2016, compared with $(1.3) million for the first quarter of 2016 and $0.7 million for the prior year quarter. Non-GAAP net loss for the second quarter of 2016 was $4.0 million, compared with $4.3 million for the first quarter of 2016 and $3.2 million for the prior year quarter.

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