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.
"We are very excited to have East West
Bank as our new banking partner as their expertise in
international banking, particularly in Greater China markets, tightly aligns with
Maxwell's banking needs. This new credit facility provides the
company with the necessary financial flexibility to operate our
business," said David Lyle,
Maxwell's senior vice president and chief financial officer.
East West Bank is one of the
largest independent banks headquartered in California. East West is a premier bank
focused exclusively on the United
States and Greater China
markets and operates over 130 locations worldwide, including in
the United States markets of
California, Georgia, Nevada, New
York, Massachusetts,
Texas and Washington. In Greater China, East West's presence includes
full service branches in Hong
Kong, Shanghai, Shantou and
Shenzhen, and representative
offices in Beijing, Chongqing, Guangzhou, Taipei and Xiamen. For more information on
East West Bank, visit the
Company's website at www.eastwestbank.com.
Maxwell Technologies is a global leader in the development and
manufacture of innovative, cost-effective energy storage and power
delivery solutions. Our ultracapacitor products provide safe and
reliable power solutions for applications in consumer and
industrial electronics, transportation and telecommunications. Our
CONDIS® 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, visit
www.maxwell.com.
Media & Investor Contact: Michael Sund +1 (858) 503-3233;
msund@maxwell.com
Logo -
http://photos.prnewswire.com/prnh/20121018/LA91771LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/maxwell-technologies-secures-25-million-revolving-credit-facility-with-east-west-bank-300108696.html
SOURCE Maxwell Technologies