Press Releases

Press Releases

For an archive of all press releases visit our investors page
DateTitle
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.

10/22/2015 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.

9/15/2015 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.

8/10/2015 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.

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