Press Releases

Press Releases

For an archive of all press releases visit our investors page
DateTitle
4/10/2017 Maxwell Technologies Announces Agreement with Viex Capital Advisors

SAN 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.

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

SAN DIEGO, April 10, 2017 /PRNewswire/ -- 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"). SDIC Fund Management has significant investments in China's energy storage industry, including top battery companies, major system integrators in the new energy market, as well as leading OEMs in the China auto and grid industries. Following the closing of the transaction, SDIC Fund Management's ownership stake in Maxwell's common stock is anticipated to represent approximately 19.9% of Maxwell's total issued and outstanding shares of common stock on a pre-issuance basis. The purchase price is $6.32 per share, which represents a 16% premium over today's closing price, and will bring approximately $46.6 million in cash to Maxwell before transaction costs.

3/7/2017 Maxwell Announces Participation in 29th Annual ROTH Conference

SAN DIEGO, March 7, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that Dr. Franz Fink, President and Chief Executive Officer, will present at the 29th Annual ROTH Conference to be held at The Ritz-Carlton in Dana Point, California. The presentation is scheduled to take place on Tuesday, March 14 beginning at approximately 5:00 p.m. Pacific Time.

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").

2/28/2017 Maxwell Reports Fourth Quarter 2016 Results and Executes Key Strategic Actions

SAN DIEGO, Feb. 28, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three months ended December 31, 2016. Total revenues for the fourth quarter of 2016 were $26.4 million, compared with $25.5 million for the third quarter of 2016 and $49.8 million for the prior year quarter. Net loss for the fourth quarter of 2016 was $12.2 million, compared with a net loss of $6.9 million for the third quarter of 2016 and a net loss of $2.2 million for

2/27/2017 Maxwell Announces July 13 as Updated Date for 2017 Annual Meeting of Stockholders

SAN DIEGO, Feb. 27, 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 has been rescheduled from Wednesday, May 10, 2017 to Thursday, July 13, 2017. Pursuant to the company's Bylaws, as amended on February 24, 2017, the deadline for properly presented stockholder proposals, including director nominations, is April 14, 2017.

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.

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