Press Releases

Press Releases

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

7/27/2016 Maxwell Technologies Delivers Regenerative Braking Energy Storage For Beijing Subway System

SAN DIEGO, July 27, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced its ultracapacitors are used for regenerative braking energy storage in the Beijing subway system. As part of the strategic partnership with China Railway Rolling Stock Corporation (CRRC-SRI) Maxwell announced last year, the companies continue to collaborate to develop next-generation capacitive energy st

7/1/2016 Jörg Buchheim to Join Maxwell Technologies Board of Directors

SAN DIEGO, July 1, 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 has been appointed to Maxwell's board of directors as a new independent director effective July 1, 2016. Buchheim served as Maxwell's senior vice president and chief sales officer since March 2016 and resigned from Maxwell on June 30, 2016, to take a new position as the chief executive o

5/3/2016 Maxwell Reports First Quarter 2016 Results

SAN DIEGO, May 3, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported operational and financial results for the three months ended March 31, 2016. Total revenues for the first quarter of 2016 were $35.2 million, compared with $49.8 million for the fourth quarter of 2015 and $34.7 million for the prior year quarter. The Company reported $(1.3) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the first quarter of 2016, compared

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 employ

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.

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