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.
Maxwell Technologies Selected By CAF Power & Automation For Catenary-Free Rail Modules
Maxwell Ultracapacitors Enable Successful Wireless Electric Tram Deployment in Taiwan
SAN DIEGO, Oct. 22, 2015 /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 CAF Power & Automation, a global manufacturer of railway vehicles and equipment, as a standard component of the energy-storage system ACR (Rapid Charge Accumulator) used to power light-rail cars. Among the latest projects, CAF's ACR energy-storage system will be used on the first 100 percent catenary-free light-rail line currently under construction in Kaohsiung, Taiwan, and in new tramways for an existing rail line in Tallinn (Estonia) for energy-saving purposes.
General Motors Becomes First US Automotive OEM To Adopt Ultracapacitors For Start-Stop
SAN DIEGO, Sept. 15, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery products, today announced that Continental Automotive Systems' Maxwell-powered voltage stabilization system (VSS) will be a standard feature on 2016 Cadillac ATS and CTS sedans and ATS coupes, excluding the ATS-V, CTS-V and CT6 models. General Motors is the first North American automotive original equipment manufacturer (OEM) to integrate the Continental ultracapacitor-based voltage stabilization as part of the enhanced start-stop system, which lowers fuel costs, improves performance and reduces emissions, delivering an overall superior owner-driver experience.
Saving Weight, Improving Reliability: Peterbilt Offers Maxwell's Engine Start Module
Maxwell Technologies' ultracapacitor-powered ESM available on Peterbilt Models 579, 567
SAN DIEGO, Aug. 10, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, announced today that Peterbilt Motors Company, a leading designer and manufacturer of premium trucks, is now offering Maxwell's ultracapacitor-powered Engine Start Module (ESM) on new Model 579 and 567 trucks as a factory-installed option. Maxwell's ESM enables fleets to give their drivers the superior starting reliability they demand while increasing payload. The ultracapacitor replaces one traditional battery – reducing weight by up to 60 pounds – and is dedicated to starting the vehicle. This means power is always available to start the vehicle, reducing unplanned downtime.
Maxwell Technologies CEO Franz Fink To Present At Canaccord Genuity Investor Conference In Boston
SAN DIEGO, Aug.10, 2015 /PRNewswire/ -- Maxwell Technologies' (Nasdaq: MXWL) President and Chief Executive Officer, Dr. Franz Fink, will present at 9:30 am EDT, August 13, at the Canaccord Genuity Growth Conference 2015 in Boston.
Maxwell Technologies Selected As Exclusive Capacitive Energy Storage Supplier By China's Largest Rail Company
China Qingdao Sifang Rolling Stock Research Institute and Maxwell Sign Multi-year Strategic Agreement SAN DIEGO, July 30, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage solutions, announced today that it has signed a long-term strategic partnership agreement with China Railway Rolling Stock Corporation (CRRC-SRI, formerly CNR-SRI), subsidiary of CRRC, one of the largest rail vehicle manufacturers in the world. The a
Maxwell Technologies' Second Quarter Financial Results Press Release, Conference Call And Webcast Set For July 30
SAN DIEGO, July 20, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) will issue its financial results news release for the second quarter ended June 30, 2015, at 4 p.m. (EDT) on July 30, 2015. Management will conduct a conference call and simultaneous webcast to discuss reported results and the future outlook one hour later, at 5 p.m. (EDT).
Maxwell Technologies Secures $25 Million Revolving Credit Facility With East West Bank
SAN DIEGO, July 6, 2015 /PRNewswire/ -- Maxwell Technologies Inc. (Nasdaq: MXWL), a leading producer of energy storage and power delivery solutions, announced today that it has obtained a three-year, $25 million revolving credit facility for working capital purposes, from East West Bank.
Maxwell Technologies Completes Sale Of Common Stock Through At The Market Stock Offering And Extends Line Of Credit
SAN DIEGO, June 11, 2015 /PRNewswire/ -- Maxwell Technologies Inc. (Nasdaq: MXWL) announced today that it has completed the sale of approximately $10 million of the company's common stock through an at the market (ATM) equity offering announced April 23, 2015, and is terminating the offering, effective immediately. Approximately 1.83 million shares were sold in the offering at an average share price of $5.46.
Synaptics CEO Rick Bergman Joins Maxwell Technologies' Board
SAN DIEGO, May 14, 2015 /PRNewswire/ -- Maxwell Technologies Inc. (Nasdaq: MXWL) announced today that Rick Bergman, President and CEO of Synaptics, Inc., a leading developer of human interface solutions for intelligent devices, has been appointed to Maxwell's board of directors.