Key Developments For Maxwell Technologies, Inc.
Maxwell Technologies, Inc. (MXWL.O) (Consolidated Issue listed on NASDAQ Global Market)
Maxwell Technologies, Inc. Comments On Q4 2009 Revenue Guidance
Maxwell Technologies, Inc. announced that it expects sequential sales growth and additional operating results improvement in the fourth quarter of 2009. The Company reported revenues of $26.1 million in third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $27.94 million for the same period.
Continental AG Selects Maxwell Technologies, Inc.'s BOOSTCAP Ultracapacitors For Automotive Voltage Stabilization System
Maxwell Technologies, Inc. announced that Continental AG, has selected Maxwell's BOOSTCAP ultracapacitors as the energy storage element of a voltage stabilization system (VSS) it has developed for automobiles.
Maxwell Technologies, Inc. And ANSYS, Inc. Release Ultracapacitor Components Library For Use In Simplorer
ANSYS, Inc. announced that an ultracapacitor components library from Maxwell Technologies, Inc., an ANSYS customer, has been made available for use in Simplorer technology. As a result, automotive, aerospace and industrial power engineers developing hybrid vehicles and other electric powered products and systems now can easily utilize the energy storage device models in their simulations.
Maxwell Technologies, Inc. and ISE Corporation Agree to Form Strategic Alliance to Develop and Market Ultracapacitor-Based Energy Storage Solutions for Hybrid Buses and Trucks
Maxwell Technologies, Inc. and ISE Corporation (ISE) a designer and manufacturer of hybrid propulsion systems and components for heavy duty vehicles, announced that they have signed a Memorandum of Understanding (MOU) outlining formation of a strategic alliance to develop and market high-voltage energy storage systems for fuel-efficient, low-emission, hybrid buses and trucks. Principal elements of the proposed strategic alliance include: Agreement to share the companies' technical resources to develop robust, high-performance, energy storage solutions for the heavy transportation market; ISE's agreement to source ultracapacitor cells exclusively from Maxwell, and Maxwell's agreement to source and market through its sales and distribution channels certain high-voltage and high performance ultracapacitor modules designed and produced by ISE.
Maxwell Technologies, Inc.'s Underwriters Exercise Over-Allotment Option
Maxwell Technologies, Inc. announced that Roth Capital Partners, underwriters of a 2 million share offering of Maxwell common stock that closed last month, has exercised its over-allotment option to purchase 300,000 additional shares at the offering price of $8.80 per share. The Company expects total net proceeds from the offering, including the exercise of the over-allotment option, to be approximately $18.5 million, after deducting underwriting commissions and offering expenses.
