SAN DIEGO, April 7, 2011 /PRNewswire/ -- Maxwell Technologies Inc. (Nasdaq: MXWL) announced today that ShinMaywa Industries, Ltd., a leading Japanese producer of special purpose trucks, has designed Maxwell's BOOSTCAP® ultracapacitors into an all-electric loading mechanism for garbage trucks that eliminates fuel consumption, CO2 emissions and noise during loading and unloading.
Each truck's loading mechanism incorporates seven 48-volt BOOSTCAP ultracapacitor modules that charge from the energy regeneration brake, and store enough energy to power all-electric loading and unloading with the truck in an engine-off mode.
According to ShinMaywa's Energy Regeneration Project Research & Development Management Division, "Ultracapacitors enable our trucks to respond to public demand for more environmentally friendly, noiseless garbage collection. We estimate that electric loading reduces diesel fuel consumption by approximately 2,400 liters and CO2 emissions by up to 6.4 tons per year compared with conventional garbage trucks that use the internal combustion engine to provide power for loading and unloading."
"This is another example of ultracapacitors' efficiency and versatility in enabling cost-effective, environmentally compatible solutions for applications in industries as diverse as transportation, renewable energy, consumer and industrial electronics and information technology," said David Schramm, Maxwell's president and chief executive officer.
About ShinMaywa: The ShinMaywa Group generates annual sales of approximately $1.5 billion through the operation of five business segments: aircraft, special purpose trucks, industrial machinery, environmental systems and parking systems. ShinMaywa originated from Japan's first aircraft manufacturer. Today, the company manufactures the world's only amphibious aircraft capable of taking off and landing in the open sea. ShinMaywa provides a wide variety of products, such as passenger boarding bridges, parking equipment and water treatment equipment. In the field of special purpose trucks, it manufactures more than 200 types, including dump trucks, garbage trucks and tailgate lifters. For more information please visit: http://www.shinmaywa.co.jp/english/index.htm.
About Maxwell: Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Its BOOSTCAP® ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Its 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. 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.
Forward-Looking Statements: Statements in this news release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:
- development and acceptance of products based on new technologies;
- demand for original equipment manufacturers' products reaching anticipated levels;
- disruption of global financial markets and reduced credit availability;
- cost-effective manufacturing and successful outsourcing of product assembly;
- the impact of competitive products and pricing;
- risks and uncertainties involved in foreign operations, including the impact of currency fluctuations;
- product liability or warranty claims in excess of our reserves.
For further information regarding risks and uncertainties associated with Maxwell's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Maxwell's SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting our investor relations department at (858) 503-3434 or at our investor relations website at http://investors.maxwell.com/phoenix.zhtml?c=94560&p=irol-sec
All information in this release is as of April 7, 2011. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
SOURCE Maxwell Technologies Inc.