SAN DIEGO, Nov. 1, 2016 /PRNewswire/ -- Maxwell
Technologies, Inc. (NASDAQ: MXWL), a leading developer and
manufacturer of ultracapacitor-based energy storage and power
delivery solutions, today announced the first commercial
application of lithium-ion capacitors, developed in conjunction
with China Railway Rolling Stock Corporation (CRRC-SRI),
China's largest rail manufacturer.
The technology will be used for rapid energy regeneration in the
trolley system in the capital city of the Hunan province in China. Following last year's announcement of
Maxwell's strategic partnership with CRRC-SRI to collaborate on
developing next-generation capacitive energy storage solutions,
this project is the first to leverage Maxwell's new lithium-ion
technology and validates its unique value proposition for rail
applications.
CRRC-SRI will leverage lithium-ion capacitors for the Changsha
Subway in Changsha, Hunan, as the single source of power for
instant charging and discharging to propel the trolley. Lithium-ion
capacitors can charge light rail vehicles in 30 seconds and keep
them going for five to 10 minutes, ensuring the trolley will be
able to restart quickly in constant stop-and-go traffic. The
technology fulfills China's rail
requirements for energy savings and environmental protection.
Maxwell's lithium-ion capacitors combine ultracapacitors' high
power density with lithium-ion batteries' high energy density for
onboard energy storage systems. Compared to traditional
ultracapacitors, lithium-ion capacitors triple energy density and
reduce the total weight of the energy storage system by 50
percent.
"As railways continue to be a dominant form of transportation in
China, rail infrastructure
increasingly needs dependable energy saving technologies," said Liu
Baoming, chairman of CRRC-SRI. "Maxwell Technologies' lithium-ion
capacitors fill that market demand today and ensure our trolleys
are constantly moving. We've continued to place our trust in
Maxwell and its energy storage expertise and look forward to
working together to meet the needs of the growing China market."
"The commercial use of lithium-ion capacitors represents a
transformation in the energy storage industry and a significant
opportunity for Maxwell to revolutionize the way power is
distributed in rail applications in China," said Dr. Franz
Fink, president and CEO of Maxwell Technologies. "Maxwell's
lithium-ion capacitors are the perfect solution for the growing
rail market. As demand for energy storage solutions increases, we
believe there is a large opportunity to use the technology in even
more applications, such as grid firming, wind pitch control and
robotics, to drive future revenue growth."
Additional Maxwell Technologies information:
- Maxwell Technologies' rail
solutions: http://bit.ly/1TF8maF
- Maxwell Technologies on
Twitter: https://twitter.com/Maxwell_Tech
- Maxwell Technologies on
Facebook: http://on.fb.me/10e2nPA
- Maxwell Technologies on
LinkedIn: http://linkd.in/Z4737Y
- Maxwell Technologies on
Google+: https://plus.google.com/+MaxwellTech/
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.
For more information, contact:
Media:
Sylvie Tse, Metis Communications: +1
(617) 236-0500, maxwell@metiscomm.com
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SOURCE Maxwell Technologies, Inc.