Maxwell Opens Sales Office in Shanghai

SHANGHAI – Maxwell Technologies Inc. (Nasdaq: MXWL) has opened a sales office in Shanghai to market its BOOSTCAP® ultracapacitor products, service customers and support its distribution channel partners throughout Asia.

Maxwell senior vice president Alain Riedo said, “We see virtually unlimited opportunities for our BOOSTCAP products in the Asian transportation, industrial and consumer electronics markets, and Shanghai’s central location makes it ideal for servicing the rapidly growing Chinese market and the entire South Eastern Asia region.”

BOOSTCAP ultracapacitors are based on an innovative energy storage technology ideally suited for applications needing repeated bursts of power for fractions of a second to several minutes. Ultracapacitors have much higher energy density than electrolytic capacitors and many times the power density of batteries. They require no maintenance, and operate reliably in extreme temperatures.

Ultracapacitors’ burst power capabilities and life-of-the application longevity make them a preferred energy storage and power delivery solution for transportation, renewable energy, industrial and consumer electronics and other applications. BOOSTCAP ultracapacitor products are available in a range of form factors with capacitances of up to 3,000 farads as well as packs and modules that provide easy-to-integrate energy storage and power delivery solutions for a wide range of applications.

Maxwell also has established a contract manufacturing alliance in China for assembly of its BOOSTCAP products and is supplying its proprietary ultracapacitor electrode material to other manufacturers in Asia.