Maxwell Technologies Files Shelf Registration Statement
SAN DIEGO, April 5, 2011 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) today filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the shelf registration will allow the company to sell up to $125 million of various debt or equity securities in one or more offerings in the future.
The shelf registration statement is intended to give the company the flexibility to sell its securities if and when market conditions and circumstances warrant, to provide funding for growth or other strategic initiatives and for general corporate purposes. The actual amount and type of securities, or combination of securities, and the terms of those securities, will be determined at the time of sale, if such sale occurs. If and when a particular series of securities is offered, the prospectus supplement relating to that offering will set forth Maxwell's intended use of the net proceeds received from the sale of those securities.
Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our BOOSTCAP® ultracapacitor cells and multi-cell modules 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, please visit our website: www.maxwell.com.
SOURCE Maxwell Technologies, Inc.