SAN DIEGO, July 27, 2016 /PRNewswire/ -- Maxwell
Technologies, Inc. (NASDAQ: MXWL), a leading developer and
manufacturer of ultracapacitor-based energy storage and power
delivery solutions, today announced its ultracapacitors are used
for regenerative braking energy storage in the Beijing subway system. As part of the
strategic partnership with China Railway Rolling Stock
Corporation (CRRC-SRI) Maxwell announced last year, the
companies continue to collaborate to develop next-generation
capacitive energy storage solutions for the China rail market.
The installation with the Beijing subway system is the first commercial
subway wayside project for CRRC-SRI and Maxwell in China. CRRC-SRI will leverage Maxwell's
48-volt modules in two sets of regenerative braking energy storage
devices for the system's No. 8 line, an urban rail network that
runs north-south through China's
capital, one of the most populous cities in the world. The devices
fulfill China rail requirements
for energy savings and environmental protection, creating an ideal
opportunity for ultracapacitor application.
"Ultracapacitor energy storage solutions are critical to meet
the needs of the growing China
rail market, and Maxwell Technologies leads the world in
development of this technology," said Liu Baoming, chairman of
CRRC-SRI. "As Beijing evaluated solutions to support its goal of
creating an environmentally friendly, energy-saving urban rail
transport system, our relationship with the industry leader Maxwell
Technologies was instrumental in first securing this deal and now
implementing the system. Working together, we expect to bring more
solutions to market as China
strives for improved rail efficiencies and reduced carbon
emissions."
Maxwell ultracapacitors deliver high-power energy density
performance, even under extreme temperatures. With long operational
lifetimes and rapid charge/discharge capabilities, the modules are
ideally suited for rail transportation applications. The
Beijing subway system
implementation is among many global transportation applications
relying on Maxwell technology, including rapid braking, energy
recuperation and power delivery for rail, as well as start-stop
applications for automobiles and hybrid buses.
"Modernizing rail systems and helping to make them more
efficient through the addition of ultracapacitor-based regenerative
braking solutions represents a significant opportunity for Maxwell
in China," said Dr. Franz Fink, president and CEO of Maxwell
Technologies. "The Beijing subway
system deployment will be the first outcome of our collaboration
with CRRC-SRI, and we'll continue working closely to co-develop
energy storage solutions for this expanding market."
About Maxwell: Maxwell 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 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. For
more information, please visit our website: www.maxwell.com.
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For more information, contact:
Media:
Sylvie Tse, Metis Communications: +1
(617) 236-0500, maxwell@metiscomm.com
Investor: Amy Wakeham,
Maxwell Technologies: +1 (858) 503-3359, awakeham@maxwell.com
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SOURCE Maxwell Technologies, Inc.