Press Releases

Press Releases

For an archive of all press releases visit our investors page
7/6/2015 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.

6/11/2015 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.

5/14/2015 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.

5/11/2015 Maxwell Technologies Appoints David Lyle Senior Vice President & Chief Financial Officer

SAN DIEGO, May 11, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that David Lyle has joined the company as Senior Vice President, Chief Financial Officer, Treasurer and Secretary.

4/23/2015 Maxwell Technologies Reports First Quarter Financial Results

SAN DIEGO, April 23, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) today reported revenue of $34.7 million for its first quarter ended March 31, 2015, down 25 percent from the $46.0 million recorded in the first quarter of 2014.

4/22/2015 Maxwell Technologies Introduces 24-Volt, Ultracapacitor-Based Engine Start Module (ESM) For Industrial Equipment

New ESM improves starting reliability and uptime in industrial diesel engine equipment SAN DIEGO, April 22, 2015 /PRNewswire/ -- Maxwell Technologies, Inc., (Nasdaq: MXWL) today announced the availability of its 24-volt ultracapacitor-based Engine Start Module (ESM), ideal for improving equipment uptime and power reliability in buses and industrial vehicles, such as cranes, backhoes, bulldozers, graders, pavers, off-road trucks, portable compressors and others with diesel engines. The 24-volt ESM enables vehicles to start and operate reliably in the face of cold weather and infrequent starting. The new product expands Maxwell's Engine Starting Solutions line to build on the success of its 12-volt ESM and deliver those benefits to diesel engine vehicles used in transportation, construction, military, agricultural, forestry, mining and other industries.

4/20/2015 Maxwell Technologies' First Quarter Financial Results Press Release, Conference Call and Webcast Set for April 23

SAN DIEGO, April 20, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) will issue its financial results news release for the first quarter ended March 31, 2015, at 4 p.m. (EDT) on April 23, 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).

3/25/2015 Maxwell And Kenworth Offer Ultracapacitor-Based Engine Starting Module In New Trucks

Maxwell's Engine Start Module will be available on Kenworth's T680 and T880 SAN DIEGO, March 25, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, today announced that its ultracapacitor-based Engine Start Module (ESM) will be offered as a factory-installed option on new Kenworth T680 and T880 trucks. Kenworth dealers have offered the ESM as an aftermarket solution since 2011. With increasing demand for reliable truck engine starting, Kenworth is now the first original equipment manufacturer (OEM) to offer Maxwell's ESM as a factory-installed option.

3/2/2015 Maxwell Technologies Appoints Michael Finger Senior Vice President Of Global Sales

SAN DIEGO, March 2, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that Michael Finger has joined the company as senior vice president of global sales.

2/18/2015 Maxwell Technologies Ultracapacitors Deployed In Ireland Microgrid Energy Storage System

SAN DIEGO, Feb. 18, 2015 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL), today announced that Freqcon GmbH, a German developer and distributor of renewable energy systems, has deployed an energy storage system for the Tallaght Smart Grid Testbed in Ireland that uses Maxwell ultracapacitors and lithium-ion batteries to support grid stability in both residential and industrial settings. Freqcon's Microgrid Stabilizer addresses the electricity intermittency challenges that accompany high renewable e