Exide Technologies and Maxwell Technologies Form Strategic Alliance to Develop and Market Integrated Battery-Ultracapacitor Ene
November 13 2012 - 7:30AM
Exide Technologies (Nasdaq:XIDE), a global leader in stored
electrical energy solutions, and Maxwell Technologies, Inc.
(Nasdaq:MXWL), a leading developer and manufacturer of
ultracapacitor products, today announced the formation of a
strategic alliance. The two companies will work together in the
development and marketing of advanced, integrated,
battery-ultracapacitor energy storage solutions to be used in a
wide array of transportation and industrial applications.
Visitors to The Battery Show in Novi, MI, Nov. 13-15, 2012, are
invited to visit Exide Technologies (booth #B850) and Maxwell
Technologies (booth #B520) to see the first of these products.
Principal elements of the strategic alliance include:
- Joint identification and evaluation of market opportunities for
integrated products;
- Collaborative product development and testing; and
- Joint calls on prospective customers to establish demonstration
projects.
"The integrated products developed through our alliance with
Maxwell Technologies will provide a wide range of benefits for
users who require the most that today's battery technology has to
offer," said Paul Cheeseman, Exide's Vice President, Global
Engineering and Research. "These benefits will include high
energy density, rapid charging and discharging, extended
operational life and superior performance in extreme
temperatures."
Exide is the only battery company to provide product offerings
across a range of applications in both the transportation and
industrial markets. With its AGM (Absorbent Glass Mat)
technology that allows for deep cycling combined with high charge
acceptance, Exide supports Start-Stop vehicles, energy
recuperation, intelligent charging and other advanced power train
features to reduce CO2 emissions and fuel consumption.
"Exide's battery technology leadership, extensive manufacturing
capabilities, established global distribution channels and strong
existing industrial and transportation customer relationships make
it an ideal alliance partner," said David Schramm, Maxwell's
president and chief executive officer. "We have always believed in
the synergistic nature of ultracapacitors and batteries, and this
relationship will enable us to significantly accelerate development
of products embodying the benefits of both technologies."
Maxwell's ultracapacitor products store energy in an electric
field, which is unlike batteries that produce and store energy by
means of a chemical reaction. This electrostatic energy storage
mechanism enables ultracapacitors to charge and discharge in as
little as fractions of a second, perform normally over a broad
temperature range (-40 to +65C), and operate reliably for one
million or more charge/discharge cycles. Maxwell offers
ultracapacitor cells ranging in capacitance from one to 3,000
farads and multi-cell modules ranging from 16 to 125 volts.
About Exide Technologies
Exide Technologies, with operations in more than 80 countries,
is one of the world's largest producers and recyclers of lead-acid
batteries. The Company's four global business groups –
Transportation Americas, Transportation Europe and Rest of World,
Industrial Energy Americas and Industrial Energy Europe and Rest of
World – provide a comprehensive range of stored electrical energy
products and services for industrial and transportation
applications.
Transportation markets include original-equipment and
aftermarket automotive, heavy-duty truck, agricultural and marine
applications, and new technologies for hybrid vehicles and
automotive applications. Industrial markets include network power
applications such as telecommunications systems, electric
utilities, railroads, photovoltaic (solar-power related) and
uninterruptible power supply (UPS), and motive-power applications
including lift trucks, mining and other commercial vehicles.
Further information about Exide, including its financial
results, are available at www.exide.com
The Exide Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5067
About Maxwell Technologies
Maxwell is a leading developer and manufacturer of innovative,
cost-effective energy storage and power delivery solutions. Its
ultracapacitor products provide safe and reliable power solutions
for applications in consumer and industrial electronics,
automotive, transportation and information technology. Its
high-voltage capacitors products help to ensure the safety and
reliability of electric utility infrastructure and other
applications involving transport, distribution and measurement of
high-voltage electrical energy. Its 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
www.maxwell.com
CONTACT: MEDIA CONTACTS:
Susan Jaramillo
Vice President, Communications
Exide Technologies
203/699-9133 phone
susan.jaramillo@exide.com
Michael Sund
Maxwell Technologies
(858) 503-3233 phone
msund@maxwell.com
INVESTOR CONTACT
Carol Knies
Sr. Director, Investor Relations
Exide Technologies
678/566-9316 phone
carol.knies@exide.com
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