Press Releases

Press Releases

For an archive of all press releases visit our investors page
DateTitle
11/6/2018 Maxwell Reports 2018 Third Quarter Results

SAN DIEGO, Nov. 6, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, today reported results for its 2018 third quarter for the period ended September 30, 2018.

9/5/2018 Maxwell Technologies Announces Ultracapacitor Grid Energy Storage Subsystem Design-in with Siemens Transmission Solutions to Stabilize Global Power Grids

SAN DIEGO, Sept. 5, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, today announced a grid energy storage subsystem design-in with Siemens to deliver economical, fast responding, long life grid voltage and frequency support solutions.

8/13/2018 Maxwell Announces Closing of Public Offering and Full Exercise of Underwriters' Option

SAN DIEGO, Aug. 13, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) ("Maxwell"), a leading developer and manufacturer of capacitor energy storage and power delivery solutions, today announced the closing of its previously announced underwritten public offering of 7,590,000 shares of its common stock at a public offering price of $3.25 per share. This includes the exercise in full by the underwriters of their option to purchase up to 990,000 additional shares at the public offering price. Including the proceeds from the sale of these additional shares, the Company received total net proceeds of approximately $22.9 million from the offering, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company.

8/7/2018 Maxwell Commences Public Offering of Common Stock

SAN DIEGO, Aug. 7, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) ("Maxwell"), a leading developer and manufacturer of capacitor energy storage and power delivery solutions, today announced that it has commenced an underwritten public follow-on offering of 6,000,000 shares of its common stock to be sold by the Company. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to 900,000 additional shares. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

6/27/2018 Maxwell Technologies Launches Advanced Energy Storage Power Delivery Solutions for Utility Grids and Microgrids

SAN DIEGO, June 27, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, today announced the launch of two new highly scalable products to deliver reliable, fast responding, long lifetime storage in grids and microgrids. Having deployed over 65 million ultracapacitors globally with more than eight million in grid applications, these ready-to-integrate products address the growing need for power-intense grid services, and feature advanced utility grade control and communications to facilitate integration at the transmission, distribution substation and commercial/industrial level.

5/8/2018 Geely/Volvo Awards Maxwell Technologies with Ultracapacitor Subsystem Design Win for 2020 Model Year Platforms

Geely/Volvo Awards Maxwell Technologies with Ultracapacitor Subsystem Design Win for 2020 Model Year Platforms

4/18/2018 Maxwell Technologies Reports Preliminary First Quarter 2018 Revenue

SAN DIEGO, April 18, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of capacitor-based energy storage and power delivery solutions, today announced preliminary unaudited revenue results for the first quarter of 2018.

3/14/2018 Maxwell Technologies Announces Date for 2018 Annual Meeting of Stockholders

SAN DIEGO, March 14, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of capacitor-based energy storage and power delivery solutions, announced today that the 2018 Annual Meeting of Stockholders will be held on Tuesday, May 15, 2018. The meeting will be held at 11:00 a.m. PT at the company's headquarters, located at 3888 Calle Fortunada, San Diego, CA 92123. Pursuant to the Company's bylaws, the deadline for properly presented stockholder proposals, including director nominations, is March 16, 2018. Shareholders of record as of March 23, 2018, will be entitled to notice of, and to attend and vote at, the annual meeting.

3/5/2018 Maxwell Announces Participation in the 30th Annual ROTH Conference

SAN DIEGO, March 5, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that Dr. Franz Fink, President and Chief Executive Officer, will present at the 30th Annual ROTH Conference to be held at The Ritz-Carlton in Dana Point, California. The presentation is scheduled to take place on Monday, March 12 beginning at approximately 11:30 a.m. Pacific Time.

2/15/2018 Maxwell Reports Fourth Quarter and Full Year 2017 Results

SAN DIEGO, Feb. 15, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported financial results for the three months and full year ended December 31, 2017. Total revenues for the fourth quarter of 2017 were $30.8 million, compared with $35.8 million for the third quarter of 2017 and $26.4 million for the prior year quarter. Net loss for the fourth quarter of 2017 was $8.8 million, compared with a net loss of $13.9 million for the third quarter of 2017 and a net loss of $12.2 million for the prior year quarter. The Company reported $(1.8) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the fourth quarter of 2017, compared with $(2.1) million for the third quarter of 2017 and $(3.9) million for the prior year quarter. Non-GAAP net loss for the fourth quarter of 2017 was $5.3 million, compared with a non-GAAP net loss of $4.9 million for the third quarter of 2017 and $7.5 million for the prior year quarter.

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