Maxwell Technologies Promotes George Kreigler to Chief Operating Officer

SAN DIEGO, Aug. 17 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc.
(Nasdaq: MXWL) announced today that it has promoted George Kreigler III to the
new position of chief operating officer, with overall responsibility for the
company's operations in the U.S., Europe and Asia.

Kreigler, 56, joined Maxwell as vice president, operations, in 2006, and was
promoted to senior vice president in 2007. He has more than 30 years of high
technology operations and business management experience, including
supervision of multiple large-scale offshore manufacturing facilities. David
Schramm, Maxwell's president and chief executive officer, said that creation
of the new COO position reflects the need to strengthen coordination and
management of the company's increasingly complex worldwide operations.

"George has exhibited tremendous leadership and operational savvy in moving
BOOSTCAP(R) ultracapacitor assembly offshore, expanding electrode production
capacity in the U.S. and driving cost savings through improved product design,
procurement and logistics," Schramm said. "As COO, he is charged with
unifying functional organizations globally and identifying and exploiting
synergies across all of our operations."

Maxwell Technologies is a leading developer and manufacturer of innovative,
cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R)
ultracapacitor cells and multi-cell modules provide safe and reliable power
solutions for applications in consumer and industrial electronics,
transportation and telecommunications. Our CONDIS(R) high-voltage grading and
coupling capacitors help to ensure the safety and reliability of electric
utility infrastructure and other applications involving transport,
distribution and measurement of high-voltage electrical energy. Our
radiation-mitigated microelectronic products include power modules, memory
modules and single board computers that incorporate powerful commercial
silicon for superior performance and high reliability in aerospace
applications. For more information, please visit our website: www.maxwell.com.

SOURCE Maxwell Technologies, Inc.

Michael Sund of Maxwell Technologies, Inc., +1-858-503-3233